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Forex Broker Review – Cyprus Based Forex Broker

Broker Review of forex trading broker is based in Cyprus. Below is a list of the most common questions about that traders ask about this broker.


AskOBid is owned by XFR Financial Ltd.

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Where is forex broker based

AskOBid is based in Cyprus, its address is:


38, Spyrou Kyprianou Street,

CCS Building,

Kato Polemidia,

CY-4154 Limassol,



Is a licensed and regulated Forex broker

Details of the license, registration and regulation of this FX broker can be found on the broker’s website.


AskOBid is regulated by Cyprus Securities and Exchange Commission, CySEC license number 108/10.


What is the execution method of

STP, Straight through Processing, Non Dealing Desk, Instant execution of orders




Financial Instruments provided for trading by




Stock Indices



What are the forex account types of

Accounts provided are:

  • Regular forex broker account
  • Mini forex trading account



Does have Islamic Forex Trading Accounts

No, AskOBid does not have swap free Islamic Accounts.


What are the terms for demo accounts for

$50,000 dollars unlimited time forex demo trading account is provided for practice forex trading.


How is the withdraw and deposit process of

Bank wire, Credit card and debit card money transfer methods are provided for deposit and withdraw of forex funds.


What is the minimum account opening capital for



$100 dollars is the minimum account opening deposit for AskOBid


Does give an account opening deposit bonus bonus

No, AskOBid does not provide an account opening deposit bonus.


What is the security and reliability of

What is the broker rating for security and reliability


AskOBid is regulated by Cyprus Securities and Exchange Commission


AskOBid keeps client funds in a segregated bank account

AskOBid is also a member of Investor Compensation Fund that guarantees every client deposit up to a maximum of Euros 20,000.


Does accept forex scalping

AskOBid allows scalping trading.


Does give free forex education to traders

This broker does not provide a learn currency trading education for forex trading online.


What are the trading platforms of forex broker



Is a MetaTrader 4 Forex broker provides MetaTrader 4 software which is the best platform according to reviews.


The platform MetaTrader 4 can be downloaded from the brokers’ website.


Does allow automated forex trading

The broker automated trading policy on automated trading is:


AskOBid allows Expert Advisors automated trading on their MetaTrader 4 platform.


What are broker website information sections

The website information sections are:


Forex Trading Accounts Section: where traders will find information about forex accounts such as demo practice account and live forex accounts provided by this Currency broker. Traders wanting to start trading can open an account from this section.


Contact Section: there is a section of contacts for this fx broker, where a trader can contact this forex broker.


Platforms Section: this section provides platforms where a trader can choose one for tradng.




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