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Ascuex Forex Broker provides real users with * positive reviews, 1 neutral reviews and 23 exposure review!

Ascuex Broker Review

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Ascuex Review 24

Latest All(24) Neutral(1) Exposure(23)
Exposure
Reported that the Exchange refunded and burned the account

I have ID code: 1048451. I have been investing in the exchange for 5 months, but the support person keeps giving me orders against the trend and I always lose. To compensate for the amount I lost, you promised to support me by giving me VIP orders, and if the exchange loses, you will compensate for the negative amount. On May 2, 2024, I followed the CAC20 order and lost $1286, but the exchange did not compensate as promised.

FX1276769427
2024-11-07
Exposure
The account was burned by the support person.

I have been participating in the exchange for 5 months with support from Minh Vy on Telegram. During the investment period, I incurred losses. I requested to withdraw the money, but the support said that because I lost a lot, the exchange compensated by giving VIP orders to make profits and compensate for the losses. On May 2, 2024, he placed a Cac20 buy order for me with 10 lots. I lost $1286. He wrote an email requesting the exchange to compensate for the loss caused by my Cac20 order, but the exchange did not compensate. I lost $1286. I filed a complaint with the exchange, but they did not resolve it for me.

FX1276769427
2024-10-28
Exposure
Scam, stay away.

It continues to deceive countless people who specialize in luring chickens, gullible people, betting on the floor so they can withdraw, arbitrarily burning investors' accounts, forcing investors to deposit, if not deposited, it will block people and threaten, challenge, and disregard the law.

hoàng hồi
2024-04-16
Exposure
Ascuxe floor and its consultants intentionally burned their finances

I was lured by them into setting up an account to invest with a total deposit of 300 million. When I lost and wanted to withdraw about 130 million, the consultants deliberately set me up to burn my account. Once burned, I could no longer be contacted.I just hope the authorities get involved so others don't get scammed.

FX3194258420
2024-03-30
Exposure
Exposing the fraudulent face of ascuex floor

When I was invited to join this platform to participate, I received an amount of 5440 uds. With 150% bonus, every day they let me trade codes, gold, oil, indices, and stocks. After a week, my profit increased to 10,000 USD. When I made a withdrawal order, they did not approve it for 2 days, and I had Talk to the person on the floor and ask why you don't approve it for me. Lucas told me that I haven't bet enough numbers yet, I have to continue trading to withdraw my profit. After that, they told me to play 7 lines and my account was almost on fire. They called me and told me I had to top up to save the fire. Then they asked me for money. At that time, I couldn't afford to recharge. They completely destroyed my account, kicked me out of the group, and blocked all my contacts. When I realized that this was an organized scam, I intended to notify the scam exchange group, so that everyone could avoid it. Before I could say anything, they kicked me out of the group and called me to threaten me. Their behavior is very miserable and immoral. I hope anyone who knows this exchange will stay away, lest they lose money like me.

hoàng hồi
2024-03-28
Exposure
The exchange is intentionally fraudulent.

This exchange does not allow me to withdraw money, intentionally placed an order to liquidate my account, please get justice for me, now they have blocked all my contacts.

hoàng hồi
2024-03-22
Exposure
The purpose of defrauding and appropriating property of the person

Please, everyone, please help me get justice, when I was scammed by the ASCEX exchange, when I deposited 50 million VND into my account to make a profit, I bet up to 8000 USD, made a withdrawal order, 2 days the floor did not approve, arbitrarily giving out large orders to investors to burn their accounts, forcing people to pay, when I couldn't afford to deposit, they collapsed my account, and blocked all my communications.

hoàng hồi
2024-03-19
Exposure
Scam platform

The exchange lured traders, then they couldn't withdraw, they arbitrarily placed orders, burned all investors' accounts, and blocked all contact with investors. Please help me get back the money I lost.

hoàng hồi
2024-03-18

  

Ascuex 2025 Review: Everything You Need to Know

  

Summary

  Ascuex, an unregulated forex broker operating from Saint Lucia, has garnered significant scrutiny due to numerous complaints and allegations of fraudulent activities. Users report difficulties in withdrawing funds and a lack of transparency in operations. Key features include high leverage options and a range of account types, but the absence of regulatory oversight raises substantial concerns about trustworthiness.

  Note: It is essential to consider the different entities operating under the Ascuex name across various regions, as this can impact the regulatory framework and user experience.

  

Rating Overview

Category Rating (Out of 10)
Account Conditions 4
Tools and Resources 3
Customer Service & Support 5
Trading Setup/Experience 4
Trustworthiness 2
User Experience 3

  How We Rate Brokers: Ratings are derived from user experiences, expert opinions, and factual data from multiple sources.

  

Broker Overview

  Founded in 2023, Ascuex is an online forex and CFD broker based in Saint Lucia. The broker claims to provide a user-friendly trading experience with various account types and access to multiple asset classes, including forex, stocks, commodities, and cryptocurrencies. Ascuex purportedly offers the MetaTrader 5 (MT5) trading platform, although reports suggest that users may have difficulty accessing it. Notably, Ascuex operates without any regulatory oversight, which is a significant red flag for potential investors.

  

Detailed Section

  

Regulatory Status

  Ascuex operates as an unregulated broker, which means it lacks oversight from any recognized financial authorities. Although the broker claims registration with the Financial Services Regulatory Authority (FSRA) of Saint Lucia, investigations reveal no such registration exists. This absence of regulation poses considerable risks to investors, as there are no mechanisms in place to protect their interests or ensure fair trading practices. Potential traders should exercise extreme caution and consider regulated alternatives.

  

Deposit and Withdrawal Options

  Ascuex does not clearly specify the deposit and withdrawal methods available on its official website. However, reports suggest that traders can use traditional banking methods like Visa and Mastercard, as well as e-wallet services such as Neteller and Skrill, along with cryptocurrency options. The minimum deposit varies by account type, with options starting as low as $0 for certain accounts. Unfortunately, many users have reported issues with withdrawals, often citing delays and outright refusals, which is a common tactic among unregulated brokers.

  

Account Types

  Ascuex offers several account types, including Zero Account, Standard Account, Premium Account, Fixed Account, and Crypto Account. The Zero Account features a minimum deposit of $0 with spreads starting from 0 pips but incurs a commission of $10 per lot. The Standard and Fixed Accounts also require no minimum deposit but have different spreads and fee structures. The Premium Account, requiring a minimum deposit of $5,000, offers tighter spreads with no commissions. The Crypto Account allows trading in cryptocurrencies but lacks clarity on specific fees and conditions.

  

Costs (Spreads, Fees, Commissions)

  Spreads vary significantly across account types, with the Zero Account offering spreads from 0.0 pips and the Premium Account providing spreads from 0.4 pips. The Standard and Fixed Accounts have spreads starting from 1.0 pips and 1.2 pips, respectively. Commissions are charged only on the Zero Account, while the other accounts operate on a no-commission model. The lack of transparency regarding additional fees is concerning, especially for new traders.

  

Leverage

  Ascuex provides high leverage options of up to 1:1000, which can amplify both potential profits and risks. While this may attract experienced traders looking to maximize their positions, it significantly increases the risk of substantial losses. New traders should approach high leverage with caution and implement robust risk management strategies.

  

Trading Platforms

  The broker claims to offer the MetaTrader 5 (MT5) trading platform, known for its advanced features and user-friendly interface. However, users have reported difficulties in accessing MT5, with some suggesting that the platform is only available through the official website for existing accounts, limiting new user registrations.

  

Restricted Regions

  Ascuex does not provide services in jurisdictions where it would violate local laws, including the United States, Canada, and several other countries. This limited availability may impact potential users in those regions who are seeking a reliable trading platform.

  

Available Customer Support Languages

  Ascuex claims to offer customer support in multiple languages, including English, Vietnamese, French, German, Spanish, and others. The support can be accessed via messenger, phone, email, and live chat, although user experiences suggest that the quality of support may vary, with reports of unresponsive service during critical times.

  

Rating Recap

Category Rating (Out of 10)
Account Conditions 4
Tools and Resources 3
Customer Service & Support 5
Trading Setup/Experience 4
Trustworthiness 2
User Experience 3

  

Detailed Breakdown

  • Account Conditions: The variety of account types is a plus, but the lack of clarity on fees and withdrawal issues is concerning.
  • Tools and Resources: Limited educational resources and unclear access to the trading platform diminish the user experience.
  • Customer Service & Support: While customer support is available in multiple languages, user reports indicate inconsistent service quality.
  • Trading Setup/Experience: The MT5 platform offers advanced features, but access issues and lack of transparency hinder the overall experience.
  • Trustworthiness: The absence of regulation and numerous user complaints significantly lower Ascuex's trust rating.
  • User Experience: Overall user experience is marred by withdrawal difficulties and unclear fee structures, leading to dissatisfaction among many traders.
  •   In conclusion, Ascuex presents numerous red flags that potential investors should consider carefully. The combination of unregulated status, withdrawal issues, and inconsistent customer support makes it a risky choice for those looking to enter the forex market.