Aston Markets Review: Never Trade With Brokers Like Astonmarkets.com
Welcome to our Aston Markets review, where we shed light on the truth hidden behind the broker. Many brokers try to hide their true nature in an attempt to deceive investors into thinking they are reliable and Aston Markets was one of them.
This broker is known for building a trusting relationship with its clients and then using pressure sales techniques to scam investors. Just like Equinox Markets, Aston Markets claims to be located in the UK, however, the FCA warning says otherwise. Keep reading to find out more about this broker and make sure to remain cautious.
Who Is Aston Markets?
Aston Markets was an online brokerage company established in 2018. Despite the claims that they are located in the UK, they are an offshore unregulated brokerage with only one goal in mind; to scam investors. There are many domains that the brokerage used and luckily, all of them are down.
|Aston Markets||Reliable Broker Must Have|
|Legal name||ASTON MARKET LIMITED||Transparently displayed in the disclaimer or legal documents|
|Regulation||Unregulated||Within your legal jurisdiction – local regulator|
|Registered in||32 Park Road, Hounslow, England, TW3 2EU||Your country or the country whose license applies in your legal jurisdiction|
|Established||25 June 2018||The older the domain – the higher the possibility the company is trustworthy|
|Website||www.astonmarkets.com||Domain should be from local or international zones, no .xyz, etc.|
|Financial Authorities Warnings||
|Contacts||N/A||Phone, email, social media, web form|
|If a withdrawal is possible||No||Yes|
||Transparent fees – list of spread and commissions|
|If Active on Social Media||No||Often present on social media|
|Investor Protection||None||Compensation fund|
Aston Markets was not regulated by any financial authority while operational. Unregulated brokers pose a threat to your funds and trading with them would only result in a financial loss. The FCA warned investors about astonmarkets.com and astonforex.com, which are just a few of the domains the broker used.
Similarly, French AMF warned of astonmarkets.com, indicating that French residents should avoid this particular firm.
Aston Markets Broker Profile
Aston Markets is not a good choice no matter what you want to trade with. There are reports of platform manipulation and pushy techniques, and the fact that the broker has several domains can only indicate the scam. Scammers usually have a couple of domains under a similar name because they get shut down.
We advise against trading with Aston Markets or any similar broker if you want to ensure the safety of your investments. This brokerage is a walking red flag and it should serve as an example of which brokers not to use.
|Financial Instruments On Offer||
|Education or Extra tools||None|
Is Aston Markets Safe To Trade With?
We would love to say that Aston Markets is a reliable broker, however, everything we know about them so far indicates that they aren’t. We remember seeing the broker’s website while it was still operational and it was well-designed, however, the advantages of this broker stopped there.
Just like other scammers, Aston Markets will do anything to take your funds and leave you with nothing. That’s why it’s important to do research and evaluate the broker head-to-toe so you can avoid getting scammed. Don’t believe in fake stories and remember, reliable brokers would never cold-call you into depositing more money.
How Is the Scam Carried Out?
Just like other similar brokers, Aston Markets will build a trusting relationship with its clients, pretending to be a reliable option helping you to earn profits. However, profits are not guaranteed and brokers use this tactic to attract investors into depositing, only to later disappear with their investments.
Nations like the United Kingdom, the United States, Australia, and Germany were among the majority of their clients, however, it’s vital to note that neither the BaFin in Germany nor the FCA in the UK regulated the broker. Staying away from brokers like Aston Markets is your best chance of having a profitable trading experience.
Deposits and Withdrawal Methods
If the information we provided so far isn’t enough for you to reconsider trading with brokers like Aston Markets or Celo Market and you still plan on investing, start with a smaller sum. If the broker doesn’t accept credit/debit cards and bank transfers, remember that filing a chargeback will be harder.
We recommend requesting a withdrawal immediately if you invested with brokers like Aston Markets. If you notice that they are delaying the process, call your bank and report the scam. Luckily, depositing your funds is no longer possible with Aston Markets, however, there are even worse brokers out there so it’s important to be aware of the potential risks.
Can I Make Money While Trading Online?
Making money while trading online is possible, however, it’s important to remember that profits are not guaranteed. Many brokers will try to convince you that you can earn huge profits with them but in reality, the MT4 platform is the same with all brokers, the only difference is in the features and financial instruments they offer.
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What is Aston Markets?
Aston Markets was an online brokerage company claiming to be based in the UK.
Is Aston Markets legit?
No, Aston Markets is not a legit company, and trading with them would only bring you to a financial loss.
How Can I Get My Money From Aston Markets?
Make sure to always report the scammer because you are also helping other people by doing that. Call your bank, explain the situation, and file a chargeback. If you used other payment options such as e-wallets and crypto, getting your money back will take more time, however, we are here to help.