ASL foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://askarisecurities.com.pk/, about the company's legal and temporary regulatory information, the company's address Office # 512, 5th Floor, ISE Towers 55 B, Jinnah Avenue Islamabad Pakistan.
ASL Forex Broker
Basic information
Pakistan
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: ASL's official website: http://askarisecurities.com.pk is currently inaccessible normally.
ASL Information
The best thing about ASL is that it has a lot of different financial products and account types to meet the needs of all investors. The main problem is that it isn't regulated by major financial authorities, and the official website can't be reached right now, which raises the risk of dealing.
Pros and Cons
ProsIs ASL Legit？
Registered in Pakistan, ASL does not seem to be under control by any financial authorities back home. Furthermore not under control of well-known international regulating authorities like the Australian Securities and Investments Commission (ASIC) or the Financial Conduct Authority (FCA) in the United Kingdom is ASL.
The WHOIS inquiry results show that December 2, 2008 saw registration of the name “askarisecurities.com.pk”. Right now the domain is registered and in operational state. The domain is set to expire December 2, 2024. The domain's name servers are ns.nayatel.com and ns3.nayatel.com.
What Can I Trade on ASL？
ASL offers a wide range of trading products, such as mutual funds, commodities, and stocks.
| Tradable Instruments | Supported |
| Forex | ❌ |
| Commodities | ✔ |
| Crypto | ❌ |
| CFD | ❌ |
| Indexes | ❌ |
| Stock | ✔ |
| ETF | ❌ |
Account Type
Three different kinds of accounts are offered by Askari Securities: Standard Account, Digital Account, Roshan Digital Account.
| Account Type | Suitable For | Features |
| Roshan Digital Account | Non-resident Pakistanis | Investment in Pakistan's stock market remotely |
| Digital Account | Tech-savvy traders | Online trading and digital transactions |
| Standard Account | Traditional investors | Personal guidance and support |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Desktop Terminal | ✔ | Desktop | All types of traders |
| Mobile App | ✔ | Mobile (iOS, Android) | Traders who need flexibility and mobility |
| Web Terminal | ✔ | Web Browser | Traders who prefer online trading without installing software |
Customer Service
ASL offers customer service via phone, email, and social media among other outlets.
| Contact Options | Details |
| Phone | +92 51 2894521 – 3 |
| info@askarisecurities.com.pk, service@askarisecurities.com.pk | |
| Support Ticket System | - |
| Online Chat | - |
| Social Media | Facebook: https://www.facebook.com/AskariSecurities |
| Supported Language | English |
| Website Language | English |
| Physical Address | - |
The Bottom Line
ASL offers many investment options and account types for investors. The absence of regulation and website inaccessibility are major concerns. ASL may be suitable for Pakistani investors but risky for those seeking safer and more regulated trading.
FAQs
Is ASL safe？
ASL is not regulated by major financial authorities.
Is ASL good for beginners？
ASL offers various account types that can cater to beginners.
Is ASL good for day trading？
ASL offers platforms like the Desktop Terminal and Mobile App which are suitable for day trading.
Is it safe to trade with ASL？
Trading with ASL may pose risks due to the lack of regulation and the current inaccessibility of its website.