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Ascendency FX reviews
Ascendency FX reviews (ascendencyfx.com scam or legit?) A trading platform built for Everyone. Ascendency FX is a scam, and we’ll show evidence to support our accusations. Ascendency FX has everything you need to build a trading strategy, get started, and take on the markets. The ascendencyfx.com website says that Ascendency FX makes the trading experience open to all and as easy-to-use as possible.
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Are Funds Safe with Ascendency FX?
With such lack of information and Ascendency FX being offshore, funds are not safe. Security of funds is a huge problem with offshore brokers. A red flag that we noticed is Ascendency FX is withholding vital information to users. Ascendency FX could go bankrupt from one day to another since there are no banking information about this broker.
The scammers will just give you fake charts, and you will really think that you are in the black. But as soon as you want to withdraw money, you cannot do this. Because the real balance will be zero. After all, cunning crooks will simply transfer all your money to their offshore accounts. It is practically impossible to return your money from there, as we have already done before.
About Ascendency FX
Ascendency FX review – What the company says about itself: Join the ranks of successful traders by becoming a part of the ascendencyfx.com community. Our platform provides you with the necessary tools and information to trade financial and digital assets with confidence.
Your funds are also secure with our wide choice of secure deposit and withdrawal options. And if you need help, our dedicated support team is always available to assist you on your trading journey.
With a user-friendly interface and fast trade execution, you can access hundreds of financial assets and diversify your portfolio with ease.
Any information/article/material/content provided by Ascendency FX or is shown on the website ascendencyfx.com is intended to be used solely for educational purposes and does not constitute investment advice and/or consultation on how the client should trade.
Although Ascendency FX has taken care to ensure that the content of such information is accurate, it cannot be held responsible for any omission/mistake/miscalculation, and it cannot warrant the accuracy of any material and information contained herein.
Is Ascendency FX scam?
Ascendency FX is an offshore broker. The problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why your funds are not safe with Ascendency FX.
Real legal information is completely absent from
the Ascendency FX company
According to the presented results of ex-traders of this project, Ascendency FX review, which, by the way, are quite negative and unprofitable, the Ascendency FX company does not withdraw money, which, in principle, was quite expected and logical, also based on the previously mentioned provisions.
- Lack of Regulation: One of the major signs of a fake broker is the absence of proper regulation by financial authorities. Legitimate brokers are subject to strict rules and standards imposed by regulatory organizations.
- Unrealistic Promises: Fake brokers like Ascendency FX may make unrealistic promises of quick and substantial earnings to lure clients. These exaggerated promises should be treated with skepticism.
- Weak Contacts and Support: A fake broker may have poorly defined contact details and may avoid providing complete and transparent information about their services.
- Lack of Transparency: Transparency regarding fees, commissions, and the trading process is crucial. Fake brokers may hide this information or be evasive about it. (according to Ascendency FX reviews)
ascendencyfx.com disadvantages of collaborating with a Fake Broker:
Loss of Funds: Collaborating with a fake broker can expose you to the risk of losing significant investments, as they can manipulate trades to their advantage.
Theft of Personal Information: Fake brokers may request and use sensitive personal information for fraudulent purposes, such as identity theft.
Negative Experience: Collaborating with an unscrupulous broker can lead to a negative financial and emotional experience, with a loss of trust in the market and investments.
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Ascendency FX Reviews
Now it is observed that almost every week there are massively negative reviews. People accuse the project of fraud and demand a refund. A rather important detail in the activities of each broker, which has already been proven by more than a dozen reviews on the fraudnotify.com website, is the ability for each trader to freely withdraw their profit.
according by the presented results of the ex-traders of this project, which, by the way, are quite negative and unprofitable, Ascendency FX does not withdraw money, which, in principle, was quite expected and logical, also based on the previously mentioned provisions.
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Ascendency FX reviews – Conclusion
Ascendency FX (ascendencyfx.com) is another scam from an anonymous group of scammers who regularly create new pseudo broker sites to scam people. Fraudsters adhere to complete anonymity, hide behind someone else’s legal data. Considering all the checks, it is strongly discouraged to invest in the Ascendency FX.
How to Protect Yourself:
- Check Licensing and Regulation: Always verify if the broker is authorized and regulated by a trusted financial authority.
- Research Carefully: Conduct thorough research and read independent reviews to assess the broker’s reputation.
- Be Skeptical: Be skeptical of unrealistic promises of earnings, and avoid collaborating with brokers pressuring you to make large deposits.
- Request Information: Request complete and transparent information about fees, commissions, and trading regulations.
Frequently Asked Questions (FAQ)
Ascendency FX scam?
Broker Ascendency FX has been reported for multiple fraudulent practices, including refusal to allow fund withdrawals, unrealistic promises of high and fast profits, and a lack of regulation by trusted financial authorities. It is crucial to be cautious, especially if Ascendency FX cannot provide a valid regulatory license.
What should I do if I have already invested in broker Ascendency FX?
If you have already invested money with Ascendency FX, try to withdraw your funds immediately. If you encounter difficulties or refusals, document every step, including all communications with the broker, and report the fraud to financial authorities in your country.
How can I avoid falling victim to similar scams?
To avoid such situations in the future, always thoroughly research a broker before investing. Ensure they are regulated by recognized financial authorities (such as the FCA, CySEC, or SEC), look for independent reviews, and avoid brokers that promise high profits without explaining the associated risks. Legitimate brokers always disclose the risks of investing.
Is broker Ascendency FX regulated?
No, broker Ascendency FX is not regulated by any recognized financial authority. This makes them extremely risky, and clients have no legal protection in case of fraud.
What should I do if broker Ascendency FX refuses to return my funds?
If Ascendency FX refuses to allow you to withdraw your funds, document all interactions and immediately contact local financial authorities, such as the Financial Conduct Authority (FCA) or equivalent in your jurisdiction. You may also want to consult a lawyer specializing in financial fraud or use recovery services.
How does the scam operated by broker Ascendency FX work?
Broker Ascendency FX uses deceptive tactics by promising quick profits and large bonuses for initial deposits. After the client invests a significant amount, Ascendency FX blocks withdrawal attempts, citing hidden fees or additional requirements. Once the money is transferred, it becomes difficult or impossible to retrieve it.
What should I do if I’ve shared personal information with broker Ascendency FX?
If you’ve provided personal or financial information such as your credit card details, act quickly by blocking your card and changing passwords for any associated accounts. Contact your bank for additional security measures and report the incident.
What organizations or authorities can help in the case of fraud by broker Ascendency FX?
You can contact:
- The Financial Conduct Authority (FCA) or other regulatory body in your country.
- Police or financial crime units, to file an official report.
- International organizations like Interpol, if cross-border fraud is involved.
Is it possible to recover my money from broker Ascendency FX?
Recovering funds may be difficult but not impossible. If you used a credit card to invest, you can try initiating a chargeback through your bank. Additionally, reporting the fraud to financial regulators or working with a lawyer could improve your chances of recovering your money.
How can I report broker Ascendency FX for fraud?
You can report Ascendency FX to:
- The Financial Conduct Authority (FCA) or equivalent financial regulator in your country.
- Financial authorities in your jurisdiction.
- Online platforms, that collect complaints about financial scams, as well as financial forums to warn other investors about the risks.
Final Message:
Warning: Broker Ascendency FX has been identified as a fraudulent organization and is not regulated by any recognized financial regulator. We strongly recommend avoiding any interaction with this broker and taking immediate action if you have been a victim of fraud. Only invest through licensed and reputable brokers regulated by reputable supervisory authorities.
The broker did not provide me with sufficient support in developing my trading strategy.
My experience with this broker was completely negative. They don’t take their customers seriously and don’t keep their promises.
I encountered problems opening and closing positions, which resulted in significant losses.