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All Scam Reports is an online community helping hundreds of scammed people every year in recovering their hard earned money from Scams. Scams can be of any type – Forex trading scam, Binary Options trading scam, Cryptocurrency trading scam or other.

We know how to deal with the scammers because we have fund recovery experts and experience to fight them. Leave your worries and File a Complaint with us against the scam broker. Let us help you first with a Free Consultation!

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Website – askforbit.com

Address – 20 Oskar-von-Miller-Ring München, BY 80333, Germany & 1/111-113 Henry St, Penrith NSW 2750, Australia

Warning Issued By – Not Recommended By Review Website Like All Scam Reports

Read this AskForBit Review to learn if it is safe to invest with AskForBit

If you are thinking to invest with AskForBit but avoid scams, read the AskForBit review and get to know about the scam activities of brokers in detail.

There may be a risk of scams in online trading like Forex trading, Cryptocurrency trading, Binary trading, and others. Some of the major online scams we heard about are Forex scams, Cryptocurrency scams, Investment scams, Romance/Dating scams, Pet scams, Binary scams, etc. The scam brokers have a common way of fooling victims either. They either do it through cold calling, creating fake websites, or pop-up advertisements. Similarly, after investigating Askforbit.com broker, we found multiple proofs of scam activities done by AskForBit. The idea is to warn brokers about the possible scam activities of AskForBit. Read a complete AskForBit review to know more about this broker.

Is AskForBit a scam or a legit broker?

While trading, it is immensely important to identify a broker that is reliable and legit. But, there are some reasons why we have tagged this AskForBit Review in our scam broker 2022 list of scam brokers. Here are some points that you need to know if a broker is a scam or not. AskForBit possesses some or more of the following mentioned traits of a scam broker.

Regulation

While choosing a broker online, the regulation status is one of the most critical points. Here, Askforbit.com seems not to be regulated in its jurisdiction of operation and is indulged in scam activities. There is a high possibility that the broker has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc. Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with. Thus broker seems to be lacking such regulation or there is no proof of it.

Leverages and Accounts

The genuine brokers that are operating in the market often require low deposits. High deposits are not in the favour of the regulatory bodies. Whereas, this broker tends to charge a huge deposit amount which is a major red flag to avoid moving further with your investment journey. The same criteria go with leverage, as the leverage offered by legit firms is low and in small amounts. Whereas, the broker tends to offer high leverage, shaping it as a scam broker. This broker offers high leverages which can cause a big loss to traders if things go wrong.

Complaints against AskForBit

A number of complaints and negative AskForBit reviews have been found regarding the scam broker on various online review sites. A low rating on several online platforms makes it clear that the broker has a negative reputation among the investors. The investors have accused them of being scam brokers and stated how they have been victims of the AskForBit scam and lost all their money and efforts to them.

Suspicious Activities of AskForBit

If your broker promises high leverage, ensures returns, professes to demand no expenses, and all of a sudden ask for more money later, these are instances of problematic exercises that make the broker a suspect of scams.

How to identify a scam?

In the time of informatization, it is not difficult to check the legitimacy and reliability of any company or broker. It is simple to safeguard yourself against fake brokers or blacklisted brokers. However, if you want more information, you can read these common practices followed by scam brokers and check them with Askforbit.com.

  • They guarantee high benefits.
  • They may not be regulated by any major authority like FCA, FMA, FINMA, ASIC, SEC, etc.
  • They promise to offer risk-free trading.
  • Share no contact information.
  • Asks for large investment and commission.
  • Have no or less transparency.
  • They follow some unprofessional practices and dubious strategies.
  • Stop communication once you ask for a withdrawal.

File Complaint against AskForBit with All Scam Reports

It is tough to recognize the fake brokers from first look – yet that is the place where we can help. If you want to invest in online trading, it is good to look at the list of scam brokers 2022 and avoid the brokers present on the list. This will help you in safe trading and also keep your investments safe with the right broker.

All Scam Reports have a team of experts who work to get your money back from scammers. We have broad involvement in chargebacks, forex scam recovery, crypto scam recovery, and the ability to manage a wide range of cases. All Scam Reports Team advises the user to avoid investing here, as we have found that the AskForBit broker is suspicious, and operating without any legal license. There has been proof of some suspicious activities similar to the signs mentioned in the AskForBit review.

So it can be concluded from this AskForBit review that this broker is a potential scam.

Investors should always remember that scammers don’t have any right to take away their funds in illegal ways and hence, it is their responsibility to fight for it and get it back from the scammers. All Scam Reports Team is here to help you out in this situation of fund recovery. All you need to do is to fill out a small complaint form and we will be in touch with you shortly with a Free consultation.

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