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ASCFM

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Operating status: SCAM

Website: https://www.ascfm.com/

Broker violations and abnormal records
  • 2022-02-06 BrokersView has reviewed that ASCFM is an Unregulated Forex Broker

    ASCFM claims to be owned and operated by ALFA SUCCESS CORP, a liability company located in the British Virgin Islands and regulated and authorised by the US National Futures Association (NFA) with a registration number 0536886. We indeed found a matching result in NFA's registry, however, ASCFM is not overseen by the regulator as it is not an approved member of the regulator. That means, this broker is merely a registered firm rather than a regulated one and is not allowed to provide related financial services to residents in the US.

    Besides, considering its location, we also checked the Financial Services Commission of British Virgin Islands (BVI FSC) and found no regulatory information about this broker. So ASCFM is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

    ASCFM claims to be owned and operated by ALFA SUCCESS CORP, a liability company located in the British Virgin Islands and regulated and authorised by the US National Futures Association (NFA) with a registration number 0536886. We indeed found a matching result in NFA's registry, however, ASCFM is not overseen by the regulator as it is not an approved member of the regulator. That means, this broker is merely a registered firm rather than a regulated one and is not allowed to provide related financial services to residents in the US.Besides, considering its location, we also checked the Financial Services Commission of British Virgin Islands (BVI FSC) and found no regulatory information about this broker. So ASCFM is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2022-07-07 BrokersView has found that ASCFM is not working

    On 8 Jul 2022, BrokersView found the domain https://www.ascfm.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 8 Jul 2022, BrokersView found the domain https://www.ascfm.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Could you confirm if ascfm is regulated? I couldn't get in touch with their customer support...

tim
Argentina
2022-02-14
ANSWER ASCFM is an unregulated broker and should be avoided at all events. ASCFM claims to be owned and operated by ALFA SUCCESS CORP, a liability company located in the British Virgin Islands and regulated and authorised by the US National Futures Association (NFA) with a registration number 0536886. We indeed found a matching result in NFA's registry, however, ASCFM is not overseen by the regulator as it is not an approved member of the regulator. That means, this broker is merely a registered firm rather than a regulated one and is not allowed to provide related financial services to residents in the US. Besides, considering its location, we also checked the Financial Services Commission of British Virgin Islands (BVI FSC) and found no regulatory information about this broker. So ASCFM is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam. We would recommend you to stay away from ASCFM and any other unregulated brokerages, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them. 
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