The Official Website Of AscotPrime Is Currently Inaccessible. The Company Appears To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-05-12 We Have Reviewed And Confirmed That AscotPrime Is An Unregulated Foreign Exchange Dealer
AscotPrime Is An Unauthorised Dealer For The Following Reasons.
1) AscotPrime Claims To Be Operated By R Capital Group Ltd, A Regulated Entity Licensed To Operate By The Seychelles Financial Services Authority (Seychelles FSA). However, There Is No Evidence To Directly Prove Whether AscotPrime Is A Relevant Brand Of The Licensed Company.
2) AscotPrime Also Claims That All Of Its Company's Payment Services Are Provided By A Company Called Virtual Trade Consultancy FZE. Enet Kuwait, Which Is Regulated By The GCC Authorities And The Ministry Of Commerce Of The State Of Kuwait. However, Neither Of The Agencies Mentioned By The Trader Is A Financial Regulator That Licenses Foreign Exchange Dealers To Operate Or Regulates International Companies Engaged In Such Activities.
3) Downloading Its MT5 Software, We Find That AscotPrime Is Owned By Ascot Prime Ltd, A Responsible Company Located In The United Arab Emirates. However, We Did Not Find Any Results Matching This Broker In The Registration Of The UAE's Regulator, The Central Bank Of The United Arab Emirates (CBUAE).
All Evidence Clearly Shows That AscotPrime Is Not Regulated By Any Regulator. This Means That Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
