Ascot Prime-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

Ascot Prime, a trading name of R Capital Group Ltd, is allegedly a forex broker registered in China that claims to provide its clients with over 100 traded assets with leverage capped at 1:400 and spreads from 0.0 pips on the MetaTrader4 and MetaTrader5, web trader and mobile applications trading platforms. Here is the home page of this brokers official site:

As for regulation, Ascot Prime presents that it holds a license from the Seychelles Financial Services Authority (FSA) to act as a Securities Dealer in accordance with the Securities Act, 2007 with number SD05. However, it has been verified that the license Ascot Prime holds is suspicious clone. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and it receives a relatively low score of 1.41/10. Please be aware of the risk.

Negative Reviews

Some traders shared their terrible trading experience on the Ascot Prime platform at WikiFX. They said they were unable to withdraw from this platform. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.

Market Instruments

Ascot Prime advertises that it offers access to more than 100 tradable assets, including forex trading and some other unrevealed assets.

Leverage

A leverage ratio of up to 1:400 is offered by Ascot Prime, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

Ascot Primes website claims on its home page that the spread starts from 0.0 pips.

Trading Platform Available

Platforms available for trading at Ascot Prime are said to be the leading MetaTrader4 and MetaTrader5 (desktop, iOS and Android), web trader and mobile applications. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Ascot Prime says to take credit cards like Visa and MasterCard, Tether, bank transfers, etc. As its payment options. There is a 3% fee for credit card deposits. As for the processing time of deposit and withdrawal requests, it is immediate for credit card deposits and 1 to 3 days for bank transfer withdrawals.

Customer Support

Ascot Prime‘s customer support can be reached by email: support@ascotprime.com, live chat (Monday – Friday: 8 am – 6 pm) or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.