Aspen Holding (Aspenholding.com) is a Forex broker scam that’s offering a fake $250 welcome bonus to anyone who signs up. AspenHolding is purporting to open the door to trading success all thanks to their exceptional trading conditions. ASPEN HOLDING is boasting of having the renowned MT4 trading platform. Make sure to stay away from this broker as this detailed expose reveals. Ensure you go through this detailed Aspen Holding Review:
Netflix, Facebook, Apple Inc, Euro, and Amazon are some of the stocks users are promised to trade with. This broker has clearly indicated that these are some of their largest trading commodities on their platform. Newbie traders are asked not to sign up with this broker as this is simply a fake claim. What this fraudster has done is put up a number of compelling promises that are far from being real. Read this entire investigation and find out the scam surrounding AspenHolding.
Claim that the broker knows that investors need to make more money is true. Each and every trader wants to make an extra buck or two. That’s why these brokers have taken advantage of this need by providing users with a fake welcome bonus. $250 is simply a marketing tactic meant to lure users into signing up with this broker. Any newbie trader who signs up with this broker ends up losing all their funds. Welcome bonus will be the first to be exhausted.
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What these scammers have done is come up with empty claims and promises to lure users into signing up. Scrolling down their homepage, you will realize that the broker has made a lot of claims. Some of the claims include having a renowned platform, 24/7 support, news analysis and more. With Aspen Holding, users are promised a personal mentor which is simply a hoax. This broker will not issue a mentor at any time during the trading period.
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Immediately users sign up with this broker, they are taken to the trading accounts. Traders are left on their own and there’s no help from any quarters. Trying to contact the team is futile as live chat support is never online. Other fake claims on display include multiple awards which no one knows about. It’s clear that this broker will do or say anything to make newbie traders sign up with their lame products. Stay away from this lame broker.
Looking at the disclaimer at the bottom of the homepage, it reads the site is owned by Next Trade LTD. Next Trade LTD is located in Vanuatu which means that Aspen Holding is an offshore broker. Problem with offshore brokers is that they are never reliable and prone to abuse of set regulations and rules. Make sure to stay away from this broker as they are anonymous in nature. Offshore brokers will close shop at any time without giving notice to members.
If you have doubt about anonymity of this broker, who can you say is running this brokerage firm? Who is the CEO or CFO of this brokerage firm? Why have they failed to mention the founding members of this brokerage firm? Lack of clear ownership details is cause for alarm. No one actually knows who they are depositing money to. For all we know, investors are funding the next terrorist attack without consent. That’s why Aspen Holding is a dangerous broker.
Platform page screams that this site has the best and fastest trading platform the market has seen. They claim that their platform is easy to use and traders should switch to it. Some of the advantages they claim that this platform has includes stop loss and take profit limits. These scammers claim that the platform has interactive charts with 9 timeframes. That’s not all, the platform supposedly has free technical indicators to help users trade.
In order to test how well their well marketed platform works, we decided to download it. And this is where we faced the biggest hurdle. Download could not complete on Desktop devices as it stalled at 56%. What this means is that their desktop version is highly unstable. Unstable platforms are bad news for any trader. These platforms leave users vulnerable to cyber-attacks and hacks. Hackers will steal personal data by gaining access via unstable platforms.
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Aspen Holding is offering five different account types to users. These account types Bronze, Silver, Gold, Platinum, and Diamond. Problem with these accounts is that there’s no information regarding acceptable minimum deposit. Looking closely at the accounts, they all have the same leverage, 1:500. Daily market overview, live trading webinars and price alerts come with every account type. It’s clear that these accounts have the same advantages.
Only notable difference with these accounts is how users receive trading signals. Gold, Platinum, and Diamond account holders receive trading signals from trading center. They also have a personalized trading strategy which makes no sense. All these accounts have an account manager who is of no use. Even with an account manager, members have lost money with this platform. Why? There’s no live account manager to help with the trading.
With the level of anonymity and AspenHolding being offshore based, funds are not safe. Security of funds is a huge problem with offshore brokers. A red flag that we noticed is Aspen Holding is withholding vital information to users. Where do they bank money deposited by users? It’s highly possible investors are depositing money straight to owner’s personal bank account.
Problems with security of funds don’t end there; segregation of accounts is another issue. Aspen Holding is pooling funds in one account which is extremely dangerous. In case the broker faces unforeseen challenges such as Bankruptcy and insolvency, funds will be lost. With a legit broker, this wouldn’t be an issue as members would be compensated. AspenHolding does not participate in a compensatory scheme. Staying away is safer than signing up.
Depository channels made available include MasterCard, Visa, Discovery, BitSend, BPay, Neteller, and others. Problem with Aspen Holding is not depositing, but what comes after, withdrawing funds. No member has been able to withdraw money using this broker. It means that any deposit goes straight to the owner’s personal bank account. That’s how offshore brokers operate.
Looking carefully at the site, we have concrete evidence that Aspen Holding is a Scam. AspenHolding is operating under false pretense and should be investigated by authorities. Forex investors are asked to mark all their emails as Spam and never click on any links sent. Hackers are using these links to gain personal data from YOUR PC. Warn your friends and relatives from signing up with any affiliate programs with Aspen Holding.
What seems on paper to be a genuine broker is in fact a scam waiting to pounce on unsuspecting users. Adding this broker to our scam blacklist will hopefully arouse the interest of authorities involved. Shutting down this site will greatly help to protect newbie investors from falling into their trap.
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Lastly, we wish you all the best in your Forex trading experience.
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