WikiFX Review: A broker that makes many investors upset
Abstract：Registered in the United Kingdom, Askyolo Tech is a financial service provider offering Forex, Options, and Precious Metals. Askyolo Tech is the trading name of Askyolo Tech Limited. Recently we received a lot of complaints against this broker.
About Askyolo Tech
Registered in the United Kingdom, Askyolo Tech is a financial service provider offering Forex, Options, and Precious Metals. Askyolo Tech is the trading name of Askyolo Tech Limited. Askyolo Tech claims that it offers clients the opportunity to trade with 130 forex and CFD instruments, including currency pairs, options, and precious metals.
Regulation: Is Askyolo legit？
The NFA regulatory with license number: 0549987 claimed by Askyolo Tech is a suspicious clone. WikiFX has marked this broker as “No License” as we cannot consider this broker a regulated broker. In addition, WikiFX has given this broker a fairly low rating of 1.04/10 on the WikiFX website.
Spreads & Commissions
Askyolo Tech hypes that it offers competitive spreads with no commission charged. However, it does not specify the spread on particular instruments.
Trading Platform
Please note that this broker uses neither MT4 nor MT5 trading platform as its main trading platform. It offers its own trading system. we want to remind you of the potential risks as this broker may manipulate the trading process.
Restricted Regions
Askyolo Tech does not accept traders from the United States, Canada, the United Kingdom, Germany, Italy, and France. As we know so far, this brokers main target market is Japan as all feedbacks related to this broker we received are from Japanese traders.
Language
The website of this broker only supports 2 languages: English and Japanese.
Exposure
As of October 19, 2022, WikiFX has received a couple of complaints against this broker. Below are the complaints that we want to show you. The major problem the traders complained the most is withdrawal rejection.
This Japanese trader claimed that Askyolo Tech blocked his withdrawal request.
Conclusion
Askyolo Tech is not regulated by any regulatory institution, therefore, we cannot consider this broker as a regulated broker. We advise you to pay more attention to better alternatives instead of wasting time on Askyolo Tech. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.
Click on Askyolo Tech' WikiFX page for details
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