Askobid is licensed and regulated by the FSA (UK), CySEC and MiFID, meaning that they operate within strict guidelines with regards to documentation and account funding; this point should not be underestimated in today’s market, where many brokers operate outside the boundaries of regulatory bodies.

While any Askobid review may start by pointing out that the company is relatively new, this should not be seen as a negative. Askobid has created a creditable broker platform offering some of the best trading products available and backed this up with a high level of customer support.  For many Forex traders a vital requirement of a Forex broker is that they are financially regulated.

Askobid is regulated by CySEC. This is important for two reasons. The primary importance is the safeguard it provides to clients deposited Forex trading funds. Regulation stipulates that they must be held in a separate client account which protects them should the broker run into financial difficulty. Secondly brokers are obliged to offer a minimum level of service to their clients as set out in the regulators guidelines.

In terms of features, perhaps the give and take of the international community is the biggest feature that you can expect from AskoBid. This is seen in the personal technical training that you can get from this site as well as the fact that every four hours will see a new report written for community consumption. You can even take a closer look at what your fellow traders on the site are doing and then visit the academy to see where the practice falls in line with available theory.

As for the software platform, you can expect AskoBid to have a comprehensive software platform that is very easy on the eyes. Although the interface is pleasant to look at, you’ll find that you still retain a surprising amount of the information you’d get from other more cluttered interfaces. The rest can easily be found through the AskoBid website, allowing you to have both the platform and the website working for you at the same time.