ASBC Financial Review

ASBC Financial (asbcfinancial.com) is supposedly an all in one investment platform which is completely automated. They claim to be a profitable firm who has been around for over 20 years. There is no credible proof to support their claims. When we took a closer look at their website, there are a lot of shady tactics followed by this firm which proves that its not a trustworthy investment opportunity. Read our full review to find out the unethical practices carried on by this firm.

ASBC Financial Scam Warning-

The creators behind this firm have maintained complete anonymity. We tried to trace and track their identity but there is no clue whatsoever about their whereabouts. The reason for the anonymous nature maintained by creators is in order to escape criminal prosecution.

ASBC Financial states to be actively providing investment advice covering most of the financial assets like bonds, stocks, currencies, Bitcoin and cryptocurrencies mining. Apart from these services they also claim to provide trading signals and account management services. Activities involving financial investments services are required to be heavily regulated. While we were trying to find any certificates confirming licenses this firm should lawfully hold, we could not find anything. In their website, it is clearly stated that this firm is regulated by CFTC and NFA but this is a false claim which means that they are taking funds from their clients illegally. Another major red flag when it comes to this firm is the fact that even though they claim to be active for more than 20 years, there domain was only active from last year.

ASBC Financial offers mining plans as well. There is no proof of mining capabilities exhibited anywhere on their website. This is just done to lure in all type of investors by featuring some instruments which grabs attention of all type of investors.

There is no verifiable track record showing profitability of this firm over the years. The legitimate firms usually features a document showing some key elements like highest winning percentage and the maximum draw down reached during the financial year. This firm does not even provide a demo account to its users. There is no way to test this platform without risking your money.

ASBC Financial does not talk much about how they have allocated the funds raised from the investors. We are not told which strategies and risk management practices are followed by this firm in various portfolios. How can they expect their clients to invest with this firm without knowing certain basic parameters about how it will be utilized?

ASBC Financial does not state the kind of returns the users can expect from their investment. This is perhaps the reason why many newbie investors have fallen for this scam. They appear to be very legit to the untrained eye. By not giving a specific dollar amount, the returns for each type of investment is anyone’s guess.
The support team of this firm can be reached through email and telephone. The phone lines are active from 07:30 to 19:00 local time.

There are a few testimonials sprinkled on their website where in the users share their success stories. Do not believe them as there is no way to verify that they are all from real users. The images used are probably stock photos purchased from other unrelated websites. The positive testimonies are an effective trick used to mislead the visitors into thinking that the platform is legit and at the same turn earn their trust.

ASBC Financial Review Conclusion-

ASBC Financial looks extremely appealing to the eye but remember looks can be deceiving. Do not indulge with this unregulated entity for any reason.

Summary
Reviewer: John
Review Date: 2018/06/22
Author Rating: 1/5
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