Askobid Background

Askobid is a fairly new broker which deals with Forex, Commodities, CFDs and MetaTrader4. Their website is modern and innovative, with a touch of excellence and class that is felt when trading within the site.

The Askobid Trading Edge

The Askobid platform is web-based which automatically presents the trader with the number one advantage that no matter the location, the client is able to log on and begin trading. Additional features on the Askobid Platform include 3 different view modes, advanced charting tools and the trade machine. The 3 different view modes are ultimately designed to give novice as well as experienced traders the option to trade at their own level. These are all nifty tools that give you a “hands on” feel of the trading experience.

The website is user friendly, with helpful indicators and a high level of customer support. Surprising, unlike other Forex brokers, I waited only a few seconds when requesting to chat with one of their Support Team. They were qualified and offered me additional ways to contact them. They are available 24 hours a day via telephone, email and chat with any questions clients or going-to-be clients might have. Askobid Demo Account Before beginning trading with Askobid, future clients are invited to sign up and starting trading with a $50,000 Askobid Demo Account. Opening a Demo Account is quick and is accompanied by additional tools that allow clients to open a live account. This is a safety net that other brokers should implement as well.

Deposits and Withdrawals

When depositing with Askobid.com I discovered that the process is quick and efficient and does not include all the unnecessary “delays”. Another added plus with Askobid is that they offer over 30 payment options, which include Major Credit Cards, Money Bookers, Wire Transfer and more. Their withdrawal process is just as easy and efficient. In truth, they are regulated and licensed by CySEC which entails them to follow strict guidelines.

Additional Features:

Askobid.com offers up to 200 leverage. Yet when trading Askobid MetaTrader4, experienced traders can trade using up to 400 leverage. Downloading the Askobid MetaTrader4 platform is simple and straight-forward. Their design is easy on the eyes and intelligently structured, as oppose to other brokers who tend to overflow you with dull and unexciting MetaTrader4 sites, options and phrases.

Askobid Metatrader4 also invites you to begin trading CFDs with them. They have Stock Indices and a wide range of options for CFDs available for trading. What peeked my interest was their no deficit guarantee on my account as well as no commission charges. Other brokers either choose to not mention this, yet with Askobid there is no beating around the bush. Their offerings are straight forward and to the point, which is exactly what professionals are looking for.

Askobid offers a variety of rewards on account deposits. Whether a client is depositing on a Silver Account, Platinum or Gold, Askobid offers up to 30% rewards on first time deposits. This is slightly higher than current market offering, yet nevertheless, there are no strings attached to this offer. They claim that this is for your benefit and after eyeing this closely, I seem to agree.

Askobid also is intertwined with the Askobid Academy. The Askobid Academy is solely designed to educate clients, giving them all the tools that they need in order to begin profiting in the market.These tools include: Webinars and workshops, quizzes, trading strategies and more.


Askobid seems to be targeting trading pros who are searching for the all in one solution. They have designed a top notch platform and boast a variety of add-ons and tools that ultimately deliver what a seasoned trader needs and wants. Broker Facts

Company name: Askobid
Country: Cyprus
Year established: 2010
Regulation: CySEC
Dealing desk: Available
Trading platform: Net based
MetaTrader4: Available
Mobile trading: coming soon
Pairs offered: majors, crosses, metals, exotics
Type of spread: Fixed
Spread EUR/USD: 3
Mini account size: $100
Standard account size: $1,000
Smallest lot size: 5,000
Swap free accounts: None
Swap rates: None
Funding methods: Credit card, bank transfer, western union
Support languages: Multiple