Askobid is a new entry to the list of European forex market brokers. It allows trading in stock, indices, commodities and currencies through its proprietary trading platform. High on reliability quotient, Askobid is regulated by authorities in Cyprus, Australia and Europe. With an exciting range of features, such as webinars and forex education, Askobid appears to be a lucrative option for both novice and experienced traders.

Account opening procedure:
Askobid has a user-friendly account opening procedure, which does not take more than 10 minutes. Users can start with a demo account to test the interface of this relatively new forex broker. The demo account has a limit of US $50k and is valid for a period of 21 days. The demo account will give you an accurate feel of the real trading atmosphere.

For a real trading account, you can open a live forex account with Askobid. The company offers three different types of account according to your trading requirements. This broker recommends a silver account for novice traders. It has a minimum deposit limit of US $100. Experienced traders can opt for either the gold account ($1000) or the platinum account ($10,000). Every trader receives the first deposit reward of up to 30%. You have to provide a personal ID card and proof of address to open a live account.

Deposit and Withdrawal:
Strict regulations mean delayed processing in terms of deposits and withdrawals. However, adherence to CySEC, MiFID and ASIC guidelines ensures higher level of security for the trader’s money. One can use Wire Transfer, credit cards and Moneybookers. Withdrawing funds up to $10k is relatively easy. However, amounts exceeding $10k take a longer duration to get transferred to your bank account.

Trading Platform:
Askobid offers trading through both proprietary and MetaTrader 4 platforms. The Askobid platform has a web-based live trading interface that does not require any software download. The benefit of web trading platform is that you can engage in currency buying/selling while you are visiting a new place. The platform offers complete solutions towards effective forex trading with integrated charts, news, technical analysis, expert suggestions, one-click order, stop limit and no-deficit guarantee. A mobile trading platform is also expected to be released in the near future.

Customer support:
Askobid has excellent customer support and guarantees 24-hour customer support through the phone, via chat or the email. To a great extent, the broker is able to realize these claims. Traders receive a call immediately after signing up for an account. The broker also has local country hotline numbers for all major targeted nations.
Although Askobid is a lamb in the forex market, which is dominated by lions, it is able to do a pretty good job of creating a reliable trading platform. With Askobid, you have all the essential features required for trading. What else does a trader need?