Ashford Capital Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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The broker's website offers a large database of training materials, and e-books about trading, there are also many other free educational resources. Although I haven’t invested here, I enjoy learning on their platform.
Summary: The overall sentiment regarding Ashford Capital is predominantly negative, with numerous users reporting experiences of being scammed or facing significant difficulties in withdrawing funds. Key features include high leverage offerings and a user-friendly platform, but these are overshadowed by a lack of regulation and customer complaints about withdrawal issues.
Note: It is essential to recognize that Ashford Capital operates through various regional entities, which may contribute to the discrepancies in user experiences and regulatory oversight. This review aims to provide a balanced perspective based on multiple sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 5 |
| Overall | 4 |
How We Rate Brokers: Ratings are derived from user feedback, expert opinions, and factual data regarding services and regulations.
Founded in 2021, Ashford Capital operates primarily through its website, ashfordcapitalinv.com. This broker claims to offer a variety of trading options, including forex, stocks, cryptocurrencies, and commodities. However, it has been flagged for operating without proper regulatory oversight, which raises concerns about the safety of client funds. The trading platform is web-based and lacks the advanced features of popular platforms like MT4 or MT5.
Ashford Capital is not regulated by any recognized authority, which is a major red flag for potential investors. According to various sources, including Topedgefx, operating without a license significantly increases the risk of fraud. Users are advised to avoid trading with unregulated brokers as they lack the necessary protections.
The broker requires a minimum deposit of $250, which is higher than many regulated brokers. Users report significant challenges when attempting to withdraw funds, often facing delays and unresponsive customer service. According to Personal Reviews, withdrawal requests can take months to process, and users have reported being unable to retrieve their funds altogether.
Ashford Capital offers bonuses that may appear attractive; however, the terms for withdrawing these bonuses are often stringent. Users are typically required to meet excessive trading volume requirements before they can access their funds, which can be a tactic to lock in clients' money.
Traders can access a variety of asset classes, including forex pairs, stocks, and cryptocurrencies. However, the spreads offered by Ashford Capital are reported to be wide, making it difficult for traders to profit. For example, sources indicate spreads can be as high as 8.4 pips, which is significantly less competitive compared to the industry standard.
Ashford Capital offers leverage up to 1:400, which is considerably higher than what regulated brokers typically provide. While this can lead to significant profits, it also increases the risk of substantial losses, especially for inexperienced traders. This high leverage is often a hallmark of unregulated brokers, as noted by Forex Brokerz.
The broker utilizes a basic web-based trading platform, which lacks the advanced functionalities of more established platforms like MT4 or MT5. This limitation can hinder traders looking for sophisticated trading tools and features.
Information regarding restricted regions is sparse, but potential clients should be cautious as many unregulated brokers often target regions with less stringent regulations, potentially leading to issues for users in more regulated markets.
Customer service is reportedly available primarily in English, which could be a barrier for non-English speaking clients. The support team has received mixed reviews, with some users praising their responsiveness, while others have reported long wait times and unhelpful responses.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 5 |
| Overall | 4 |
In conclusion, the Ashford Capital review indicates that potential clients should approach this broker with caution due to the significant risks associated with unregulated trading environments.
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