Ashford Investments Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Ashford Investments Review.
Ashford Investments Review
Ashford Investments is a binary options broker. They also offer the relatively new and somewhat strange hybrid between option and spot trading.
Ashford Investments is owned by Teres Media BG Limited, company based in Sofia, Bulgaria. That being said, they are not regulated by the local FSC, nor any appropriate agency. As far as we know the Bulgarian authorities do not oversee binary option providers.
Out of the more reputable agencies only CySEC does, although they may also drop this activity. To those of you who are unfamiliar with the financial services industry, this may sound like something with little importance, but this believe is far from the truth. Due to the very essence of the business (you give money to a broker, then trade and only later on see your money) there are a lot of scammers around. There are varying types of frauds, with the most basic one being – the company simply not allowing you to withdraw any funds.
The aforementioned Cyprus Security and Exchange Commission (CySEC) has the authority to set a lot of rules for the companies it oversees. Two are the most important ones, when it comes to security. First of all, client funds are kept in segregated accounts. This means there are certain procedures which must be followed when the broker interacts with a client’s funds – they can’t simply take your deposit and not offer anything in return.
On top of that all CySEC-regulated companies are a part of the local investor compensation scheme. It is a system which functions similarly to an insurance company, which provides protection against broker bankruptcy. The coverage provided is limited to €20,000 per account.
Trading Options: Binary (Call/Put), 60 seconds, Long term, One Touch, Ladder, Pairs, FX/CFD*
Assets: Currencies, Commodities, Indices, Stocks, Pairs, Crypto Currencies.
*The FX/CFD asset is a hybrid between binary options and spot fx trading.
One would determine the amount he is willing to risk, his leverage and his profit target. In our opinion this is a clunky version of trading, as most veterans like to view the charts, determine their stop-loss level visually and then select the appropriate trading size. The approach provided by Ashford Investments (as well as some other companies) appears to be backwards.
Minimum Initial Deposit
The minimum deposit at Ashford Investments is $250. While this is the level required by a lot of binary brokers, it is a bit high, especially for beginners. For comparisson FinaCom-regulated Grand Capital, requires only $10 as an initial investment.
Ashford Investments operates with theweb-based SpotOption platform. You may already be familiar with this piece of software, as a lot of binary brokers use it.
Despite the plethora of available assets, this platform provides little in terms of analytical potential. As a comparison the industry-leading forex trading platform, MetaTrader4 (MT4) brings a lot more to the table.
Methods of Payment
Ashford Investments only accepts the more traditional methods of payment, which include Bank Transfer, Credit/Debit Card. The lack of e-wallet support is not a major problem, but some would have preferred depositing with Neteller or the like.
Ashford Investments is a Bulgarian binary options provider. The company is not overseen by any regulatory agency. The service is provided via the popular SpotOption platform. That being said, the trading conditions at this broker are not impressive. The relatively high minimum deposit and option sieze requirements are not very attractive, especially for beginners.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Ashford Investments Review Conclusion
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