Score
Aspen Holding
Vanuatu|5-10 years| https://aspenholding.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Disclosure
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Danger
Danger
Danger
Contact number
+7 4993503964
+60 392125781
+74993503964
+60392125781
Other ways of contact
Broker Information
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Next Trade Ltd
Aspen Holding
Vanuatu
Pyramid scheme complaint
Expose
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- Global regulators have disclosed 4 pieces of information about this broker, please be aware of the risks!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：500 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：500 |
| Minimum Deposit | -- |
| Minimum Spread | Silver Spreads |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：500 |
| Minimum Deposit | -- |
| Minimum Spread | Gold Spreads |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：500 |
| Minimum Deposit | -- |
| Minimum Spread | Platinum Spreads |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1：500 |
| Minimum Deposit | -- |
| Minimum Spread | Diamond Spreads |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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Aspen Holding · Company Summary
Note: Aspen Holding is to operate via the website - https://aspenholding.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
| Feature | Detail |
| Regulation | No regulation |
| Market Instrument | currency pairs and CFDs on oil, precious metals, stocks and cryptocurrencies |
| Account Type | Basic, Bronze, Silver, Gold, Platinum and Diamond |
| Demo Account | no |
| Maximum Leverage | 1:500 |
| Spread | Basic account: 3 pips fixed |
| Commission | N/A |
| Trading Platform | web |
| Minimum Deposit | $250 |
| Deposit & Withdrawal Method | VISA and MasterCard, bank wire, Neteller, BitSend and BPay |
Aspen Holding, a trading name of Next Trade Ltd, is allegedly a forex and CFD broker registered in Vanuatu that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads on the web-based trading platform via six different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that Aspen Holding currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.44/10. Please be aware of the risk.
Market Instruments
Aspen Holding advertises that it offers access to 200+ tradable assets, including currency pairs, as well as CFDs on oil, precious metals, stocks and even crypto coins including Bitcoin, Litecoin and Ethereum.
Account Types
Aspen Holding claims to offer six types of trading accounts, namely Basic, Bronze, Silver, Gold, Platinum and Diamond. The minimum initial deposit amount to open a Basic account is $250. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. However, this broker doesnt offer demo accounts.
Leverage
The leverage provided by Aspen Holding is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
All spreads with Aspen Holding are a floating type and scaled with the accounts offered. The spread is fixed at 3 pips on the Basic account, while Silver, Gold, Platinum and Diamond account holders can enjoy Silver Spreads, Gold Spreads, Platinum Spreads and Diamond Spreads respectively.
Trading Platform Available
Aspen Holding claims to offer the industry-standard MT4 trading platform, however, it is not freely downloadable. Instead, it is just a web-based trading platform, as the below screenshot shows.
Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
Aspen Holding says to work with numerous means of deposit and withdrawal choices, consisting of VISA and MasterCard, bank wire and several e-wallets among which Neteller, BitSend and BPay. The minimum initial deposit requirement is $250. All withdrawals are subjected to a service fee of 3.5%.
Fees
Aspen Holding charges various fees. Apart from the withdrawal fee that we have mentioned above, there is also a clearance fee of 0.5% charged on every trade, both winning and losing, up to 1000$. A monthly account dormant fee of $200 will also be charged if a clients trading account is inactive for two months or more, as well as a monthly maintenance fee of 0.5% and a 5% Swap fee for cryptocurrency trades.
Customer Support
Aspen Holdings customer support can be reached by telephone: +74993503964. +60392125781, email: support@aspenholding.com. You can also follow this broker on social networks such as Twitter and Facebook.
Pros & Cons
| Pros | Cons |
| • Multiple trading instruments, account types and payment options offered | • No regulation |
| • Website inaccessible | |
| • No demo accounts available | |
| • Tight spreads | |
| • High minimum deposit ($250) |
Frequently Asked Questions (FAQs)
| Q 1: | Is Aspen Holding regulated？ |
| A 1: | No. It has been verified that Aspen Holding currently has no valid regulation. |
| Q 2: | Does Aspen Holding offer demo accounts？ |
| A 2: | No. |
| Q 3: | Does Aspen Holding offer the industry-standard MT4 & MT5？ |
| A 3: | No. Instead, Aspen Holding offers a web-based trading platform. |
| Q 4: | What is the minimum deposit for Aspen Holding？ |
| A 4: | The minimum initial deposit at Aspen Holding to open a Basic account is $250. |
| Q 5: | Does Aspen Holdingcharge a fee？ |
| A 5: | Like every forex broker, Aspen Holding charges a spread fee. It also charges some withdrawal fees, as well as other various fees. |
| Q 6: | Is Aspen Holding a good broker for beginners？ |
| A 6: | No. Aspen Holding is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website. |
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