Score

1.42 /10
Danger

Aspire Investments

New Zealand

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.27

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Aspire Investments

Company Abbreviation

Aspire Investments

Platform registered country and region

New Zealand

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Aspire Investments · Company summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No Regulation
Market Instrument 490 tradable instruments: forex, cryptocurrencies, commodities, stocks, indices and bonds
Account Type Price Action Analysis, Divergence Investment and Moving Average Investment
Demo Account N/A
Maximum Leverage 1:500
Spread Raw spreads from 0.0 pips
Commission N/A
Trading Platform MT4, MT5, cTrader (no download links)
Minimum Deposit $110
Deposit & Withdrawal Method cryptocurrencies of Bitcoin and Ethereum, etc.

Aspire Investments is allegedly a forex and CFD broker registered in New Zealand that claims to provide its clients with 490 tradable financial instruments with leverage up to 1:500 and raw spreads from 0.0 pips, as well as 24/7 customer support service. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that Aspire Investments currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.20/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

Aspire Investments advertises that it offers access to 490 tradable instruments, which include forex, cryptocurrencies, commodities, stocks, indices and bonds.

Market Instruments

Trading Plans

Aspire Investments claims to offer 3 types of trading plans - Price Action Analysis, Divergence Investment and Moving Average Investment, with minimum initial deposit requirements of $110, $5,001 and $13,001 respectively.

Trading Plans

Leverage

The maximum leverage provided by Aspire Investments is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

Aspire Investments boasts to offer raw spreads from 0.0 pips. However, we cannot confirm if it is available because the broker refuses to offer trading platforms directly.

Trading Platform Available

Aspire Investments‘ website displays the logos of MT5, MT4 and cTrader, as well as multiple devices including Windows, Mac, Android, Web Browser and iOS, yet we didn’t find any download links to these trading platforms. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Trading Platform Available

Deposit & Withdrawal

Aspire Investments only works with cryptocurrencies such as Bitcoin and Ethereum. The minimum deposit is $110 worth of Bitcoin or other accepted cryptocurrencies. Withdrawal requests are said to be processed within 2 trading hours.

Deposit & Withdrawal

Customer Support

Aspire Investments customer support can be reached by telephone: +64 (0)7 981 1505, email: support@aspireinvestments.ltd or live chat. You can also follow this broker on social networks such as WhatsApp and Telegram. Company address: 58 Shakespeare Road, Milford, Auckland, 0620, New Zealand.

Pros & Cons

Pros Cons
• Multiple tradable instruments and plans to choose from • No regulation
• Only cryptocurrency payments supported

Frequently Asked Questions (FAQs)

Q 1: Is Aspire Investments regulated?
A 1: No. It has been verified that Aspire Investments currently has no valid regulation.
Q 2: Does Aspire Investments offer the industry-standard MT4 & MT5?
A 2: Aspire Investments website gives the logos of MT4, MT5 and cTrader, but no download links are offered.
Q 3: What is the minimum deposit for Aspire Investments
A 3: The minimum deposit is $110 worth of Bitcoin or other accepted cryptocurrencies.
Q 4: Is Aspire Investmentsa good broker for beginners?
A 4: No. Aspire Investments is not a good choice for beginners. Not only because of its unregulated condition, but also due to its lack of transparency.

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Choice1
6-12months
It's a scam company and it has scammed very many people
It's a scam company and it has scammed very many people
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2024-01-14 04:05
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