The company invites potential clients to “trade with confidence and prosper together” with the project’s founders. In addition, the firm “guarantees users ongoing investment protection and trading success.” However, the intermediary does not disclose any information about the organization’s location and financial regulation.
Will the platform provide you with opportunities for profitable and safe trading? Read our AspenGroup review and you will find out how reliable this broker is.
How to Trade
The brokerage firm offers a “unique environment for trading and investing.” However, it does not disclose any specific trading parameters. The main services include:
- CFDs on stocks, forex, commodities, and crypto.
- Customizable charts.
- Real-time data.
- Risk management features.
Trading rates, minimum deposit, commission amounts, and spreads are unknown. As for leverage, the company warns that it will not exceed 100:1 on trading accounts when trading on received bonuses.
The intermediary prohibits arbitrage trading and abuse of accounts without swaps or bonuses. Your account will be blocked if you violate these restrictions.
AspenGroup Vital Info
The founding date of the project is not available on the official website. However, we can determine the age of the platform by the domain registration date. So, the domain name of the site was created in January 2024. Probably, the company does not indicate the life of the resource so as not to scare off potential customers. In addition, the company does not name its founders and managers. Why hide this important information if the broker is doing business honestly, and the project is successful and has “thousands of users”?
The location of the company is also a mystery, as well as the regulation of its financial activities. There are no locations on the website, so we decided to search for Aspen Group, as the company name is stated in the User Agreement, and the brand AspenGroup, as it is written on the main page of the website, in the global database of legitimate companies. However, our search failed; there is no legal entity with such a name in any country in the world.
The company has many advantages over its competitors. You can use leverage to get a smaller margin in a trade, which means you can keep more free funds. You have negative balance protection with AspenGroup, so your interest rate won't fall below zero. In terms of security, everything is fine on this platform. In addition, professional managers work here who are always ready to help.
I have been trading with this company for 8 months. I took into account all indicators when choosing a broker - reputation, license, offered conditions, payment systems, etc., I read reviews and articles about ASPENGROUP. The first month I traded on the minimum deposit and did not replenish it. I consider myself lucky, as the broker works well, despite the fact that my trading system is risky, I put a stop from the deposit amount at 2.5%, and I have never noticed any fraud, the profit is transferred to my bank card always in full.
I gave 470 dollars to these crooks and started to open small deals on currency pairs, and when the profit was already 160 dollars, I decided to withdraw it, but AspenGroup managers refused to process my request… tech support operator said that my account is connected to the bonus system and I have to work out the conditions... but it is impossible to do!!!
I invested 1.2 thousand dollars in this platform, having succumbed to the beautiful promises of the broker's representative. The platform looked solid, everything was cool, I was making profits every day and I thought - well, I caught my luck. However, as soon as I wanted to withdraw my money, all good things came to an end. Support service ignores my requests, access to the cabinet is blocked. My money disappeared without a trace! Terrible experience!
They are scammers!!! My account and login to the trading account in Aspengroup were blocked by them immediately after the request for profit withdrawal, the crooks accused me that my bank card is not mine and I am not a client of the broker. They offered to open a new account and re-verify, but they took the frozen $2,327 from me, thieves!!!!!
If you carefully study the official website of this broker, it will be completely unclear to you what exactly is included in the package of services of aspengroup. Any honest broker always carefully describes its tariff plans so that all traders understand what they can get for their money. Also, a lot of lengthy discourse on trading conditions exists on aspengroup.io and there is not a single specific parameter. For example, there is no information about what analytical tools will be available to the trader, or what rates are there. I It seems that no trading is done here. The company just processes customer data, and aspengroup managers persuade you to deposit money, and then they can easily steal your investment. A regular online casino with adjustable settings gives you more chances to make a profit than this project. I think this is a scam.
It would be comfortable to trade here if it weren't for the analyst who constantly gives me unnecessary advice. If I listen to this advice, my trading results get worse, and if I think for myself, there is an increase in my trading profits. I don't understand why Aspengroup administrators hire such incompetent specialists!! The entry threshold is inadequate - this is a separate topic, there are practically no newbies on aspengroup.io, while the site staff, analysts and assistants are, to put it mildly, zero in their profession. If you trade relying on their help, you may not even expect to make money, so I'm looking for another broker now.
This site is gaining popularity, there is no fraud here and favorable spreads are there for the trader. I trade cryptocurrency and forex, and I always have the latest news about events, both political and economic, in those countries in which I work with fiat currencies. Thanks to this I always know about the behavior of the assets I am interested in and successfully close all positions. Sometimes I work on the road and I use a laptop, usually, I am always in touch with my ASPENGROUP analyst and I am up to date with all the events, so I make great profits.
I have been trading here for some period, 7 months, it's a decent company, it's no worse than any other. However, I advise you not to rush to work off the bonus, it is small and works off by itself. I tried to work off the bonus by trading large volumes on aspengroup.io - and it was my serious mistake, as the profit was huge, but after three weeks I lost it, which I still regret! because the bonus was not given a second time and in fact it was my fault. As a rule of thumb you should get a bonus but don't get carried away with free prizes.
Spreads are higher here than other brokers and the personal assistant literally begs for money all the time. So I have not realized my plans in trading on aspengroup.io, but just wasted all my capital and time. I have a feeling that there are more brokers online now than traders, and it is not easy to find a good partner out of them.
I have 830 dollars in my account, but I don't know how to withdraw it from this site, my request is not processed for 2 weeks. I will be looking for another broker!
The platform sucks. I invested almost 3k euros here, I was planning to profit on the Bitcoin rate rise, but these scammers froze my account the day after I made the deposit!!!! I tried to contact them but their phone is disconnected. THIS IS A SCAM, thieves!!!
I had $4,210 in my account and in a blink of an eye all my money was gone :( Access to my account was blocked and I have no way to withdraw my funds. The scammers just stole my money...
Trading conditions of this broker are the worst on the Forex market. High spreads, commissions for keeping funds - it all looks like a robbery. I lost more than 340 euros in a week at aspengroup.io, and only then I saw that on the broker's website there are no scans of registration documents and a copy of the license confirming that this firm really exists. And if you try to look for information about it in open sources, there is nothing there either that would confirm the existence of AspenGroup company registration. I do not advise anyone to contact this scam, you will get a lot of problems and unpleasant surprises!
I decided to try forex trading with this broker and deposited 6.3 thousand dollars into my account. Everything was great at first, the first 2-3 months, but then I started having problems. I earned about 840 dollars, but it turned out that it was impossible to withdraw money - both profit and even my own money. I wrote a complaint to the support service, but there was no response. now I don't know where to turn. Learn from my experience, do not repeat my mistakes.
The company's security stated after checking my details that withdrawals are temporarily closed to me, so I must either wait for them to scrutinize my documents more thoroughly or withdraw to a card with a 27% fee, but they didn't explain why so much. However, my attitude towards ASPENGROUP has already soured.
A bad broker is immediately noticeable online. So here, although Aspengroup tries to make efforts not to look like a scam, they do it very badly, I have the impression that the organizers make a fraudulent project for the first time, and with minimal investment. They didn't even bother to buy a domain name with any history, and they had to take a brand new domain with a registration date in 2024, January 2024 to be exact. This fact fits very poorly with their legend and statements on their official website. How innovative a product could they develop in such a short period? Where are their thousands of customers? After I realized that Aspengroup is lying on all key issues on their website and that they don't have any real license or office, I lost interest in this project. Of course, I can't trust my money to a company that lies and manipulates at every turn, and I don't recommend you to cooperate with these crooks.