Askap-Overview of Minimum Deposit, Spreads & Leverage

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)