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ASICTrader Review – A Potential Scam?

ASICTrader is an unregulated cryptocurrency exchange.  They are an UK-based company and are operational for around a year as of writing this review.  There is a lot of controversies and complaints surrounding this firm. Though, they do offer some unique features.  

They feature an educational outlet which is a nice gesture from their side.  However, the information they showcase is something which is very basic. Before depositing with them, go through our review which will enlighten you about everything regarding this broker.

Disclosure: We get commissions for purchases made through links in this post.

ASICTrader Review

License and Support

As there are many fake platform on the internet, majority of the investors prefer to work with regulated exchanges only.  We are not at all suggesting that all the unregulated firms are frauds, but a large amount of them are.

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Moreover, unregulated entities have high degree of control over the price aspect.  As a result, conflict of interest arises. ASICTrader features a registration document on their website.  

If you face any problem on their platform, then the support team can be reached through email and telephone.  Here are the contact details.

Email – [email protected]

Phone – +44 2039364245

Address – Suite 4213 Mitchell House, 5 Mitchell Street, Edinburgh, Scotland, EH6 7BD

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Platform and Interface

The interface offered by this exchange is user-friendly and straightforward.  The users just has to input the amount they want to exchange. Once entered, they can convert it into Bitcoin, Litecoin, Ethereum or Ripple.  

For your convenience, they have integrated charts into their website.  TradingView will provide you with most of the features, you will ever require from a charting solution.  

Moreover, you can customize the charts to any level.  Note that, some of the features might require you to pay certain amount of fees.  Considering he benefits, the fees is reasonable.

Educational Academy

There is a lot of information on many aspects of trading on their platform.  They have attempted to break down the theory into the absolute essentials, which any trader has to know.  

The fact that, this service is trying to educate the clients shows their level of commitment.  However, do know that the provided information is somewhat basic. If you are looking for acquiring education online, then BabyPips is the best place to learn.  Also, know that BabyPips is free.

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Domain Insight

We checked the information about this site on whois.com and alexa.com.  Here are the details we found.

Domain – Asictrader.com

Registered On – 15/11/2017

Expires On – 15/11/2019

Alexa Global Rank – 642,843

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Rank in United Kingdom – 33,502

Majority of the traffic coming to this website are from United Kingdom, Germany, Russia and Swaziland.

Deposit and Withdrawal

The minimum deposit amount is not specified by them and the minimum payout is said to be around $50.  There isn’t any information about the fees.

As a matter of fact, we do not know whether it is applicable or not in the first place.  Withdrawals will take up to 10 days to get credited to your account.

ASICTrader Review Conclusion

Though, this website has been around for a considerable amount of time.  There isn’t much testimonials out there, which is a little concerning.

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There are certain merits and demerits of choosing this broker, but to be on the safer side.  It is better to trade using regulated brokers only

Do you have any experience with ASICTrader.com?  Share your opinion by commenting below.

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1 Comment

  1. Andrew

    AsicTrader is a SCAM. The Scottish Law Courts have issued a request that any information be passed to them. The contact number is false – will not connect to them. The address (Edinburgh) is just a mailing address. AsicTrader will sucker you in to deals that they control, making you believe that you are increasing your money, and when you deposit more money to them, they will disappear. You will not be able to call them, or write to them. You can try to recall your money, but the steps to do so, do not show, and they do not reveal them. Please take heed, and avoid losing your money.

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