AskoBid Review – Scam Report

1/5 - (1 vote)

Know your options and recover your lost funds. File a complaint.

    Is AskoBID legit?

    We’ll be shedding a bit of light on that in the coming paragraphs. If you have deposited money with AskoBID and you suspect that they are not being honest with you, it is possible to get your money back.
    Many regulated brokers, unregulated companies and investment firms have been found to be scams.

    Under many circumstances there are avenues in place that are there to protect individuals and help them to get their money back.

    We can let you know how it’s possible to recover your money.


    Is AskoBID a scam?

    Despite what any AskoBID review has told you, AskoBID is a suspected scam. We don’t recommend trading with them. If you are already trading with AskoBID we recommend you immediately cease depositing any amount of funds with them, in particular if they are asking for a fee to withdraw your money. DO NOT PAY IT.



    Is AskoBid regulated?

    Despite multiple online claims stating that Askobid is regulated by CySEC and ASIC, AskoBid is not a regulated broker.

    The alleged owners of AskoBid are also the owners of a regulated broker called XTrade, however the regulatory status of XTrade does not extend to AskoBid’s activities. This means that reporting financial misconduct to the authorities regarding AskoBid will fall on deaf ears and provide no accountability. Recently O.C.M, the owners of XTrade and AskoBid have removed any connection between themselves and AskoBid. We will discuss O.C.M. more later in this article.


    The AskoBID Scam

    Scam Website: ASKOBID.FM 

    AskoBid showed up on the trading scene this year and has really shown its’ clients what it’s all about. A quick glance at the online reviews of AskoBid shows an array of disappointed and outright rageful individuals who feel that they’ve been taken for a ride. Victims of AskoBid have described their experiences in great detail and their stories match the typical trading scam behaviors that we’ve seen too many times.


    Trading Platform

    The trading software that Askobid offers is their own proprietary Platform and the MetaTrader4. These are the best choices for companies looking to scam their clients.


    AskoBid Owners

    The owners of ASKOBID are O.C.M Online Capital Markets Ltd. and are located at Webgine Ltd, Spyrou Kyprianou 38, CCS Building, P.O.B 70091, Kato Polemidia , Limassol 4160, Cyprus
    Their phone number is  +357 25 028 544

    The owners of AskoBid are the same people who own and operate XTrade another notorious CySEC company plagued by complaints of financial misconduct. You can read more about what we think of CySEC companies here.



    Should I trade with AskoBid?

    As more and more reports become confirmed, it will become abundantly clear if AskoBID is a full blow scam. In our experience if the broker has made it’s way onto this list, the broker is 99% a scam.

    Based on what we’ve seen so far, it’s safe to assume that if you deposit money with this broker you will never see your money again.



    Looking for a regulated broker? Check out our Fortrade Review to see if they’re right for you. 








    If the AskoBID has done anything similar to the below items, you are most likely being scammed by AskoBID.


    Legal Signs of a Scam

    Contact us by submitting your information in the form on the page. We’ll let you know as soon as possible how you can get your money back.


    Behavioral Signs of a Scam

    • The broker has been overly pushy in getting you to deposit your money.
    • The broker does not react positively when you ask for a withdrawal.
    • The broker does not allow you to withdraw your money.
    • The broker has offered you or pushed you to take a bonus.
    • The broker has logged into your personal computer.
    • The broker is charging you to withdraw your funds.
    • Trades have been placed without your consent.
    • The company withdrew funds from your account or charged your credit card without permission
    • The broker asked for a picture of the front and back of your credit card to be sent by email.
    • The broker asked for your government form of ID to be sent in an email or on the website.
    • The broker told you to place a trade and then you immediately after lost all or most of your money.

    Locations that scam brokers are often found in.

    If the broker that you’re dealing with is located in any of the below locations it is reason for concern, as these areas are notorious for hosting Forex scams as well as Crypto and Binary Options scams.

    Let us know right away if…

    • The broker is located in Saint Vincent and the Grenadines
    • The broker is located in Belize.
    • The broker is located in the Commonwealth of Dominica
    • The broker is located in the Cook Islands.
    • The broker is located in The Marshall Islands.
    • The broker is located in Mauritius.
    • The broker is located in Seychelles
    • The broker is located in Vanuatu.


    Know your rights and get your money back. By filling out your information, we’ll be able to advise you right away.



    Looking for a regulated broker? Check out our Fortrade Review to see if they’re right for you. 







    Disclaimer: It is not always possible to recover lost funds. Many cases of recovery scams have been reported where the victim is guaranteed to get their money back. We can assess your case and advise you right away if it’s possible to recover your money.

    1 Comment

    1. Jessie Ann ForteauMartinez

      Many of the above signs above was used to elicit money for in the first instance trading but only one trading was done with my permission in my presence with 40%of my money which yield 2228 euro
      Am supposed to have7482.38euro
      And Askobid is refusing to refund/return money since April 14th2021


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