ascotcapitalltd.com has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
KYC with ascotcapitalltd.com is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Good mobile app|Fast execution|Transparent fees
Cons: Cannot customize dashboard fully|Limited demo account features
The spread at ascotcapitalltd.com is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a forum discussion and initially thought the platform was good - until I started trading seriously.
Pros: Market news feed|Regular platform improvements|No hidden fees
Cons: No live chat on mobile
I experienced a security concern with my ascotcapitalltd.com account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: No hidden fees|Easy withdrawals
Cons: Wait times can be long during peak hours|Nothing significant
The mobile app from ascotcapitalltd.com is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Economic calendar|Good analytical tools
Cons: None so far
ascotcapitalltd.com advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Automated trading options|API access
Cons: None so far|Cannot customize dashboard fully