AskMyBid: customer reviews about the company in 2023

Catching a financial scammer in a lie is not as easy as it may seem. Experienced fraudsters, with dozens of pseudo-brokers behind their backs, know how to skillfully gain the trust of newcomers and simulate the trading process. Take AskMyBid for example. Reviews about this money-grabber have just started to appear, and the legend and commercial offer do not inspire confidence. In a comprehensive review, we will examine in detail what signs give away the second-rate “kitchen” in this company.

What is known about AskMyBid?

AskMyBid positions itself as an international broker with over 50,000 clients and more than 100 reputable partners. According to the legend, the company actively promotes its offer in the Asia-Pacific region, as well as in South America and Africa. The length of time the company has been providing services is unknown. This information is not disclosed to potential clients.

Thanks to the specialized whois service, we found out that askmybid.com was launched in September 2022. It turns out that the company has fake statistics, which it only needs to deceive its users.

There is a phone number and email for communication with support on the website. Upon verification, it turned out that the communication channels are fake. In case of technical and financial issues, you will have to resolve them on your own, as you cannot rely on the support service for help.

It is unknown who is at the helm of the brokerage organization. The authors of this scam project have hidden their names to avoid being criticized in reviews by deceived users. Financial fraudsters often prefer to remain anonymous, but AskMyBid has taken a different path.

Legal company or not?

AskMyBid does not provide scanned copies of legal documents to verify whether it legally provides brokerage services or not. However, in the User Agreement, we found information about the registration of the intermediary in an offshore zone. According to the legend, the organization is registered in the Marshall Islands. But there are a couple of nuances to pay attention to.

Firstly, the legal address mentioned on the website is clearly fake. It appears on the websites of many other scam brokers who have received a pool of negative reviews. Secondly, the scam lied about obtaining a certificate of incorporation. AskMyBid is not listed in the offshore.su registry, which lists all offshore companies.

In Canada, where the office of AskMyBid supposedly is located, it is also not registered:

Another important point is that the money-grabber is actively promoted in the CIS countries but provides services bypassing local regulators. By registering on the platform of a fraudulent broker, you expose your capital to risk and remain without legal protection.

Earning opportunities

AskMyBid targets newcomers who fall for the endless earning opportunities. According to the legend, trading in Forex currencies, cryptocurrencies, metals, energy sources, and stocks (about 400 assets in total) is available here. They do not allow practice without real investments but offer several tariff plans to choose from:

Start – from $1,000,
Basic – from $10,000,
Optimal – from $20,000,
Premium – from $50,000,
VIP – from $100,000.

Depending on the chosen tariff plan, traders are promised leverage from 1:40 to 1:400, services of a personal manager, floating/fixed spreads (their size is not specified). Some types of contracts additionally include trading in stocks and cryptocurrencies, deposit insurance, swap-free, technical indicators, and personal analytics.

There are no reviews confirming that the intermediary pays. What to say, if the scam even decided not to specify the regulations on payments and commission costs.

What do reviews say?

At the time of writing the review, only a couple of reviews about AskMyBid were found on the Internet. This situation plays into the hands of the pseudo-intermediary, as scammers can practically freely promote the offer and deceive newcomers.

Do you want to clarify the situation and share your personal observations? Post reviews under our article. By doing this, you will help others avoid financial fraud and preserve their savings.

Deception algorithm

AskMyBid, though a newcomer, has creators who are clearly experienced scammers who know how to deceive people. The scammers understand that their creation will not last long, so they set an entry threshold of $1,000 from the start. These are minimal losses in the project, but the scammers will not stop there. They will convince the user to install remote access software.

Such software itself is harmless, but in the hands of fraudsters, it becomes a powerful weapon against traders. Essentially, by installing such a program, you give unrestricted access to your wallet. Scammers can literally zero out your budget in a couple of hours. It will be difficult to prove that they are responsible for the loss of funds from the balance. In this case, even a chargeback is unlikely to help.

Final word

Under no circumstances believe what AskMyBid tells you. This is a typical offshore money-grabber whose authors are completely devoid of conscience. They will systematically drain your wallet until they see the bottom. If you have fallen into the trap of these scammers, contact experienced lawyers as soon as possible. Only with professional help will you have a chance to recover your capital.