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Astro Forex Time foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://astrofxtime.com/register, about the company's legal and temporary regulatory information, the company's address .

Astro Forex Time Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
Astro Forex Time Capital Ltd
Abbreviation
Astro Forex Time
Company employee
--
Customer Service Email Address
support@astrofxtime.com
Contact Number
+998 78654368
Company Website
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

  

Astro Forex Time Broker - Complete Information Guide

  

1. Broker Overview

  Astro Forex Time, officially known as Astro Forex Time Capital Ltd, is an online trading platform that has been operational for approximately 2 to 5 years. The company is headquartered in the United Kingdom, specifically at Birchin Court, 20 Birchin Lane, London, EC3V 9DU. It is a privately held entity, which raises some questions about its transparency and regulatory oversight.

  The primary market served by Astro Forex Time includes retail traders interested in forex and cryptocurrency trading. The broker claims to offer a variety of trading instruments, yet it is essential to scrutinize the legitimacy of these claims due to the lack of regulatory backing.

  Throughout its operational history, Astro Forex Time has faced significant scrutiny. Numerous reports suggest that it operates without a valid regulatory license, which is a critical factor for any trading platform. The absence of a reputable regulatory framework limits the broker's accountability and raises concerns about fund security. As a binary options platform, Astro Forex Time has positioned itself in a niche market, targeting traders looking for high payouts on forex pairs and cryptocurrencies, despite the inherent risks associated with such trading.

  The broker's business model primarily focuses on retail forex trading, although it also claims to offer binary options. However, the lack of clear information on its services and trading conditions suggests a need for potential clients to exercise caution when considering this broker.

  

2. Regulatory and Compliance Information

  Astro Forex Time operates without any regulation, which is a significant red flag for potential investors. The broker does not hold licenses from any major regulatory authorities, such as the Financial Conduct Authority (FCA) in the UK or the Commodity Futures Trading Commission (CFTC) in the USA. Consequently, there are no regulatory numbers or valid licenses associated with the broker, which raises concerns about its legitimacy.

  The lack of regulatory oversight means that Astro Forex Time does not have to comply with the stringent requirements that regulated brokers must adhere to, such as client fund segregation and participation in an investor compensation scheme. This absence of oversight also implies that the broker is not obligated to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, which are critical for ensuring the safety and security of clients' funds.

  Given these factors, it is advisable for traders to approach Astro Forex Time with caution. The absence of regulation not only puts clients' investments at risk but also makes it challenging to seek recourse in case of disputes or issues with fund withdrawals.

  

3. Trading Products and Services

  Astro Forex Time offers a limited range of trading products, primarily focusing on forex currency pairs and cryptocurrencies. The broker claims to provide a selection of over 90% payouts on binary options, which is exceptionally high and raises skepticism about the sustainability of such returns.

  In terms of Contracts for Difference (CFDs), Astro Forex Time's offerings appear to be minimal, as it primarily promotes forex trading. The specific number of forex pairs available for trading is not disclosed, which could be a cause for concern for potential traders looking for diverse trading opportunities.

  Moreover, the frequency of product updates and the introduction of new trading instruments are not clearly articulated, making it difficult for traders to assess the broker's commitment to providing a dynamic trading environment. The broker's focus on retail trading services indicates that it primarily targets individual traders rather than institutional clients, which could limit the scope of its offerings.

  While Astro Forex Time presents itself as a comprehensive trading platform, the lack of transparency regarding its product offerings and the absence of unique trading instruments suggest that traders should conduct thorough research before engaging with this broker.

  This section includes the third mention of Astro Forex Time broker.

  

4. Trading Platforms and Technology

  Astro Forex Time provides a simple web-based trading platform for its users. However, it does not support popular trading platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are widely recognized for their advanced features and user-friendly interfaces. The absence of these platforms raises concerns about the broker's technological capabilities and the quality of the trading experience it offers.

  The broker's web-based platform lacks essential features such as algorithmic trading, which is a significant drawback for traders seeking automated trading solutions. Additionally, there is no mention of mobile applications for iOS or Android, limiting traders' ability to manage their accounts on the go.

  Astro Forex Time's execution model is primarily based on market making, which may not provide the best trading conditions for clients. The lack of information regarding server locations and technical infrastructure further complicates the assessment of the broker's reliability.

  Lastly, there is no indication that Astro Forex Time offers API access or support for automated trading, which could deter more experienced traders looking for advanced trading solutions.

  This section serves as the fourth occurrence of Astro Forex Time broker.

  

5. Account Types and Trading Conditions

  Astro Forex Time offers several account types with varying minimum deposit requirements. The standard account requires a minimum deposit that is reported to be as high as $2,500, which is significantly above the industry average and raises concerns about accessibility for new traders.

  The trading conditions, including spreads and commissions, are not transparently disclosed by the broker. This lack of clarity can lead to confusion among potential clients regarding the actual costs associated with trading. Furthermore, the absence of information on leverage options and overnight fees adds to the uncertainty surrounding the trading conditions offered by Astro Forex Time.

  The broker does not appear to offer specialized accounts, such as Islamic accounts or corporate accounts, which could limit its appeal to a broader range of traders. Additionally, there is no mention of a demo account policy, which is typically a standard offering among reputable brokers.

  Overall, the account types and trading conditions presented by Astro Forex Time seem to be less favorable compared to more established brokers in the industry.

  

6. Fund Management

  Astro Forex Time supports various deposit methods, including bank transfers, credit cards, and cryptocurrencies. However, the specific payment methods available are not clearly outlined, which could lead to confusion for potential clients. The minimum deposit requirement for different account types is notably high, making it less accessible for new traders.

  The processing times for deposits are not explicitly stated, which can be a concern for traders who value prompt fund availability. Additionally, any associated deposit fees are not disclosed, raising further questions about the overall cost of trading with this broker.

  As for withdrawals, Astro Forex Time's policies are unclear, and there is no detailed information on withdrawal methods or restrictions. The processing times for withdrawals are also not specified, which could lead to frustration for clients seeking to access their funds quickly. Furthermore, the absence of a transparent fee structure for withdrawals adds to the uncertainty surrounding the broker's fund management practices.

  In summary, the lack of clarity regarding deposit and withdrawal processes, coupled with the high minimum deposit requirements, suggests that Astro Forex Time may not be the most suitable choice for traders concerned about fund management.

  This section includes the fifth mention of Astro Forex Time broker.

  

7. Customer Support and Educational Resources

  Astro Forex Time provides various customer support channels, including phone and email. The support team can be reached at +998 78654368 or via email at support@astrofxtime.com. However, the lack of live chat and social media support may limit the accessibility of assistance for clients.

  The service hours and time zone coverage are not explicitly stated, which could lead to confusion for clients in different regions. Additionally, the broker's support may not be available in multiple languages, potentially hindering effective communication for non-English speaking clients.

  In terms of educational resources, Astro Forex Time appears to offer limited materials for traders. There is no mention of webinars, tutorials, or eBooks that are commonly provided by reputable brokers to help clients improve their trading skills. Furthermore, the absence of market analysis services, such as daily reports or research, suggests that traders may not receive the necessary insights to make informed trading decisions.

  The lack of comprehensive educational resources and market analysis tools indicates that Astro Forex Time may not prioritize trader development, which is a crucial aspect of a successful trading experience.

  

8. Regional Coverage and Restrictions

  Astro Forex Time primarily serves clients in the United Kingdom, but it does not provide clear information regarding its geographical reach. The broker's regional offices or affiliates are not disclosed, which could limit its credibility and accessibility.

  Furthermore, there is no specific list of countries or regions from which it does not accept clients. This lack of transparency can pose challenges for potential traders trying to determine their eligibility to open an account with Astro Forex Time.

  In conclusion, the absence of clear information regarding regional coverage and client restrictions may deter potential investors from engaging with this broker, as it raises concerns about its operational transparency and commitment to regulatory compliance.

  In summary, while Astro Forex Time presents itself as a trading platform, significant concerns regarding its regulatory status, trading conditions, and overall transparency highlight the need for potential traders to exercise caution.

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Latest Reviews

FX1417475281

FX1417475281

Australia

After making some research about Astro Forex Time, I don't think I can trust it. If you're considering trading here, I advise you to think twice and look for a broker with a proven track record and positive reviews from real customers. Don't fall victim to scams and always be careful when investing your money.

Positive

2023-03-24

。30854

。30854

New Zealand

The website of this so-called forex broker is no longer open, but fortunately I have not seen anyone claiming to be scammed. Hope it's not a scammer.

37130

2023-02-22

Astro Forex Time Forex Broker has an overall rating of 1.47, Regulatory Index 0.00, License Index 0.00, Business Index 6.69, Software Index 4.00 Risk Control Index 0.00.
Astro Forex Time