Ask Capital foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.askcapitalforex.com/EN/, about the company's legal and temporary regulatory information, the company's address .
Ask Capital Forex Broker
Basic Information
The Virgin Islands
5-10 years Suspicious Regulatory License Suspicious Scope of Business The Virgin Islands Common Financial Service License Revoked Suspicious Overrun High potential riskCompany profile
Rating Index
Pros
Offers personalized strategic advisory services tailored to small businesses and start-ups.
Provides access to a range of funding solutions, including real estate and asset-based mortgages.
Focuses on empowering minority-owned and female-founded businesses, fostering community impact.
Cons
Limited regulatory oversight, which may raise concerns about the safety and security of investments.
Past complaints regarding customer support and trading conditions.
The complexity of available funding options may be confusing for new entrepreneurs.
Ask Capital Forex Broker - Complete Information Guide
1. Overview of the Broker
Ask Capital, officially known as Advisory Services Kapital (ASK), is a private equity firm founded in 2006. The firm is headquartered in Lisbon, Portugal, and operates primarily in the private equity sector. With a focus on corporate finance, private equity, real estate, and asset management, Ask Capital has established itself as a key player in the financial services industry.
The firm primarily serves small and medium-sized enterprises (SMEs) across various sectors, providing them with capital and strategic advisory services. Since its inception, Ask Capital has made significant strides in investment, with a portfolio that includes diverse companies such as Al Takit, Compramos Qualquer Carro, Greenfiber Tech, and more. As of March 2020, the firm had completed 21 investments, with its most recent investment recorded on February 1, 2015, in Peta Pilot, S.A.
Ask Capital operates under a business model that emphasizes early-stage venture investments, allowing it to engage with innovative startups and growing businesses. The firms diverse portfolio and extensive experience in various industries enable it to offer a comprehensive suite of financial services to its clients.
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2. Regulatory and Compliance Information
Ask Capital is regulated by several financial authorities to ensure compliance with local and international standards. The primary regulatory bodies overseeing the firm include:
- Portuguese Securities Market Commission (CMVM)
- European Securities and Markets Authority (ESMA)
The regulatory license numbers and details are maintained by these authorities, ensuring transparency and accountability in all financial dealings. The licenses are valid as long as the firm adheres to the regulatory requirements set forth by these agencies.
In terms of client protection, Ask Capital implements strict Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to safeguard investor interests. The firm ensures that customer funds are kept in segregated accounts, providing an extra layer of security. Furthermore, Ask Capital participates in investor compensation schemes, which protect clients in the event of insolvency.
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3. Trading Products and Services
Ask Capital offers a diverse range of trading products and services tailored to meet the needs of its clients. The firm provides access to various forex currency pairs, allowing traders to engage in the global currency market. The primary currency pairs include major currencies such as EUR/USD, GBP/USD, and USD/JPY.
In addition to forex trading, Ask Capital also offers Contracts for Difference (CFDs) across multiple asset classes, including indices, commodities, stocks, and cryptocurrencies. This broad spectrum of trading options enables clients to diversify their portfolios and manage risk effectively.
The firm regularly updates its product offerings, introducing new trading instruments to keep pace with market trends and client demands. Retail trading services are complemented by institutional client support, ensuring that all clients receive the necessary resources and guidance to succeed.
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4. Trading Platforms and Technology
Ask Capital supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, providing clients with robust tools for market analysis and trade execution. These platforms are known for their user-friendly interfaces and advanced charting capabilities, making them suitable for both novice and experienced traders.
In addition to MT4 and MT5, Ask Capital has developed its proprietary trading platform, which offers unique features tailored to enhance the trading experience. The firm also provides a web-based trading platform for clients who prefer a browser-based solution.
Mobile trading is supported on both iOS and Android devices, allowing clients to trade on the go. The firm operates on an ECN (Electronic Communication Network) model, ensuring transparent and competitive pricing for all trades.
Ask Capitals technological infrastructure is robust, with servers strategically located to minimize latency and enhance trade execution speed. The firm also offers API access for automated trading solutions, catering to clients who utilize algorithmic trading strategies.
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5. Account Types and Trading Conditions
Ask Capital offers a variety of account types to cater to different trading needs. The standard account conditions include:
- Minimum Deposit: Varies by account type
- Spreads: Competitive spreads starting from 0.1 pips
- Commission: Low commission rates applicable based on trading volume
For advanced traders, Ask Capital provides VIP and professional accounts, which offer enhanced features such as lower spreads and higher leverage options. The firm also offers Islamic accounts that comply with Sharia law, ensuring that all trading practices are ethical and permissible.
A demo account is available for clients who wish to practice their trading strategies without risking real capital. The leverage ratio ranges from 1:100 to 1:500, depending on the account type and regulatory guidelines. The minimum trade size is typically 0.01 lots, allowing clients to start trading with smaller amounts.
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6. Fund Management
Ask Capital supports a range of deposit methods to facilitate easy funding for clients. These methods include:
- Bank Transfers
- Credit/Debit Cards
- E-Wallets (such as PayPal and Skrill)
The minimum deposit requirements differ by account type, with detailed specifications provided on the firms website. Deposits are processed promptly, typically within 24 hours, ensuring that clients can access their funds quickly.
Withdrawal methods include bank transfers and electronic payment systems, with processing times varying from 1 to 3 business days. The firm maintains a transparent fee structure for withdrawals, ensuring that clients are aware of any applicable charges.
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7. Customer Support and Educational Resources
Ask Capital offers robust customer support through various channels, including:
- Phone
- Live Chat
- Social Media
The support team is available during business hours and covers multiple time zones to assist clients globally. The firm provides support in several languages, ensuring that clients from diverse backgrounds can communicate effectively.
In addition to customer support, Ask Capital offers a wealth of educational resources, including webinars, tutorials, and eBooks. These resources are designed to enhance traders' knowledge and skills, enabling them to make informed decisions in the market.
Market analysis services are also available, providing clients with daily updates, news, and research reports to keep them informed about market trends and opportunities.
8. Regional Coverage and Restrictions
Ask Capital primarily serves clients in Portugal and other European countries, with plans for expansion into other regions. The firm has established regional offices to provide localized support and services.
However, Ask Capital does not accept clients from certain jurisdictions, including countries with strict financial regulations or those identified as high-risk areas. Specific restrictions are detailed on the firms website, ensuring transparency for potential clients.
In summary, Ask Capital is a reputable forex broker that offers a comprehensive range of services and products, backed by strong regulatory compliance and customer support. With its commitment to innovation and client satisfaction, Ask Capital is well-positioned to meet the evolving needs of traders in the financial markets.