Ascending Bull Review – Don’t Count On Your Portfolio Ascending
Not finding any legal information on the website is very problematic on its own. Finding numerous regulator warnings is a good sign the company you’re in contact with is far from reputable, honest, or dependable.
One such firm is the one we’re writing our Ascending Bull review about. Since its inception, this platform has managed to deceive thousands of people, and steal their money in the process.
In order to prevent such a mishap from ruining your financial stability as well, you should read the next few paragraphs carefully and then decide if to invest here or choose an alternative.
|Regulated by:||Unregulated Broker|
|Is This Company Safe?||No, blacklisted service providers are definitely not safe!|
|Have Warnings from:||CNMV, CMF, FSMA, CONSOB, IOSCO, FI|
|Registered in:||Marshall Islands (alleged)|
|Free Demo Account:||N/A|
|How to Withdraw from This Company?||This con is out to rob you! Contact us asap for fund recovery support.|
Missing Legal Information
The legal information, especially when it comes to authorization and licenses, didn’t just slip the mind of the company’s owners with this one. There’s nothing to forget- the company is completely illicit.
It’s no wonder, then, that a large number of financial regulators have already posted warnings about the Ascending Bull scam. First to do so was CNMV, followed by CMF. The list of regulators who have placed this entity onto a blacklist keeps expanding, with FSMA, FI, CONSOB and IOSCO further disseminating the original warnings.
Regulatory bodies around the world have imposed safety restrictions on online brokerages to safeguard the client’s interests. Dealing with unlicensed firms means you automatically forfeit any of these safeties, which include compensation funds, negative balance protection, leverage restrictions and others.
The remainder of our Ascending Bull review will show you how this one and similar entities like JAFX operate, and why it’s very likely for these so-called brokers to steal your money.
Eyes Set On Illicit Profits
We have checked the ascendingbull.com domain with the WhoIs register, and found out that it was launched in mid-2022.
The fraud is predominantly directed toward the Spanish speaking public, and most of the traffic originates from these nations:
Most of the work with these fake firms is done by boiler room agents, who are constantly on the phone trying to find new victims. With this faux brokerage in particular, they use WhatsApp to reach a larger user base.
In the usual approach narrative, these agents claim to be experts on the verge of a massive economic success. They seek investors, but in reality deposits go straight into their pockets. Recovering it might be impossible without professional aid like the one we provide.
Costs Of It All
We can already assume, due to the lack of transparency, that the unrevealed fees could be astronomical and charged for every single service offered. The problem with this is that you’ll be signing up with something without having a clear idea of how much it could cost you.
One of the reasons why major regulatory bodies worldwide have blacklisted this con is the fact that they’re secretive about the real costs and actual trading conditions.
The only cost that is revealed is the inactivity fee, charged every month in the amount of 10% of the total balance.
Trading Features Overview
The general website opacity continues with trading features as well. We couldn’t find out much about offered assets, or account types, for instance. Although the company advertises a reliable, professional-grade trading app, the truth is much different.
Subpar Trading Platform
Software that is allegedly available with this broker is Sirix Station, which has some notoriety attached to it. You see, the overwhelming majority of companies who utilize this platform are illicit brokerages just like this one, or FoxicaTrading for instance.
Still, the Ascending Bull platform is not even the stand-alone version of Sirix Station, only a web-oriented trader. The claim that their app is available for mobile users holds some truth to it at least, since this web app can be accessed through any web browser.
Every try to open an Ascending Bull account ended with a failure. Even though we entered the correct information, the panel glitches and shows a persistent error in the form of a pop-up window. Due to the site omitting this information from the web presentation, it isn’t clear if there’s customized account types at all.
In the light of not being able to even acquire an Ascending Bull login, we cannot confirm or deny the presence of tiered packages or demo versions.
No Assets Are Listed
The main website makes no mention of any trading assets whatsoever. Although there might be some instruments listed in the client area, we could not gain access to this portion of the site.
From an outside view, it seems as though no trading is possible at all. With no platform or assets, it appears as though the firm has nothing to offer!
Murky Payout Conditions
The company doesn’t advertise any payment options, albeit some information is available in the Terms and Conditions. Here, bank card, bank wire and cryptocurrency transfers are listed as options for Ascending Bull withdrawal.
With no clear withdrawal policy, however, these con artists are free to invent any additional fees for your would-be deposit. It’s common for schemers like these to freeze account balance and ask for additional payments up front.
If you need help recovering your money from these professional fraudsters, contact our chargeback experts via the live chat.
Support Doesn’t Reply
Knowing how a ton of these unscrupulous schemes work, it wouldn’t be surprising to see support channels advertised while being completely out of function. While this company guarantees professional support, they only offer email addresses and an online form. All your inquiries fall of deaf ears, you can be sure of that.
We Combat Scam!
First crucial step to recovering your capital locked by a fraudster is to report them to the authorities. While legal institutions can work on bringing the criminal to justice, we can help you get your funds back.
By using the Online chat option, you can book your consultation completely free of charge! Our legal experts and chargeback professionals will help you get a hold of your investments and help you regain financial control over your life.
What Is Ascending Bull?
It is an opaque website posing as a front for a forex trading scam.
Is Ascending Bull Legit Or Scam?
No, the company doesn’t have any license and this is the reason why many financial regulators have blacklisted them. For help with financial reimbursement, contact our chargeback professionals.
What Are The Trading Platforms Of Ascending Bull?
The alleged trading platform is Sirix Station Web, a notorious platform typical for fraudulent sites.