Abstract:Askap Asset Management is a leader of online foreign exchange (forex) trading services, offering margin forex and indices trading to individuals and institutional clients worldwide. ASKAP provide premier multi-bank liquidity feeds, fast execution speeds and flexible leverage options, marking us a unique industry leader. ASKAP is currently suitated in St. 217, #20 floor 8, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, Cambodia.
GENERAL INFORMATION & REGULATION
Askap Asset Management is a leader of online foreign exchange (forex) trading services, offering margin forex and indices trading to individuals and institutional clients worldwide. ASKAP provide premier multi-bank liquidity feeds, fast execution speeds and flexible leverage options, marking us a unique industry leader. ASKAP is currently suitated in St. 217, #20 floor 8, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, Cambodia.
MARKET INSTRUMENTS
Askap currently offers only Forex XAUUSD.
REGULATORY INFROMATION: LICENSE
Askap Asset Management was regulated by Securities and Exchange Commission of Cambodia (SECC), the regulatory number is yet to be released.
ACCOUNT TYPES
Askap offers four account types– the Silver, which have contract size of 100 Troy Ounces, the Gold, which have contract size of 200 Troy Ounces, the Platinum, which have contract size of 400 Troy Ounces, the Premier, which have contract size of 800 Troy Ounces. Silver, Gold, Platinum and Premier Value per tick (per lot) is $10, $20, $40 and $80 respectively.
Askap Asset Management offer different accounts to suit your needs. All account types provide access to their complete range of financial products and all trading platforms. Askap Asset Management has three account namely:
· Silver
· Gold
· Platinum
· Premier
MARGIN/EQUITY LEVEL (AUTO UPGRADE)
· US$ 9,000 and below
· US$ 9,001 - US$ 19,000
· US$ 19,001 - US$ 29,000
· US$ 29,001 and above
MINIMUM VOLUME:
1.0
MAXIMUM VOLUME:
10.0
STOPS LEVEL:
30 Points (3 Ticks)
MINIMUM SPREAD
30 Points (3 Ticks)
DEPOSIT METHOD AND STANDARD
Askap Asset Management supports several deposit and withdrawal methods, including Visa, MasterCard, Visa Debit, Visa Electron, MasterCard Debit.
DEPOSIT AND WITHDRAWAL POLICY
DEPOSIT
· Processing Time: Usually 1-3 business days (Local Bank); 3-5 business days (International Bank).
· Bank Charge: Depending on banks. (Bank charges are bear by clients)
WITHDRAWAL
· Processing Time: Usually 1-3 business days (Local Bank); 3-5 business days (International Bank).
· Bank Charge: Depending on banks.
SPREAD & COMMISION
Askap have tick size of 0.2, its minimum spread is 30 points (3 ticks), and its stop level is also 30 pips (3 ticks). Askap is also designed in a way that its minimum volume for trading is 1.0, while its maximum is 10.0. From the account types, Silvers commission (per lot) is $90, Gold is $130, Platinum is $210 and Premier is $430.
DEPOSIT & WITHDRAWAL
Askap deposit and withdrawal Processing Time: Usually 1-3 business days (Local Bank); 3-5 business days (International Bank). In Deposit process, bank Charge: Depending on banks. (Bank charges are bear by clients), while in withdrawal process, Bank Charge: Depending on banks.
TRADING PLATFORMS
Askap offers the popular MT4 forex trading platform, which provides an impressive range of indicators, analytical functions and highly customizable charts. The interactive charting has 9 timeframes ranging from minute to monthly. Additionally, 30 built-in indicators and 2,000 free custom indicators enable market analysis of varying complexity. 24 analytical objects allow for trend detection and price forecasting. NBH Markets also provides the multi-asset platform MetaTrader 5, which is the successor to the popular MT4. MT5 boasts 8 additional built-in indicators and a further 12 timeframes. Additional functionality includes one-click trading and an economic calendar delivering macroeconomic news. MT4 and MT5 are available for desktop download or can be accessed using the cloud network and mobile app
TRADING TIME
Askap trading session is Daily from 07:00 – 04:00 (next day); (DST) Daily from 06:00 – 03:00 (next day)
Saxo Bank launched an attractive promotion for new clients that offers zero commission trading on transactions for the 100 most popular US stocks. This campaign began on September 17, 2024, and runs until December 31, 2024. It aims to attract clients who want to invest without paying trading costs.
MetaQuotes now offers Nasdaq real-time tick data in MetaTrader 5. Subscribe for accurate market analysis, improved trading strategies, and flexible subscription plans.
Federal Reserve Cuts Rates for the First Time in Four Years. On September 18, Bank of America Global Research revealed an upward adjustment in its forecast, expecting the Federal Reserve to implement a total of 75 basis points in rate cuts by year-end.
The Federal Reserve’s decisions to raise or cut interest rates are among the most influential drivers of market activity, particularly in the forex and cryptocurrency markets. Understanding the impact of rate changes is crucial for market participants, as it helps them anticipate potential movements and adjust their strategies accordingly.