ANSWER Askyolo is not a licensed or regulated broker even though it states offers that look good to be true. Askyolo claims to be the trade name of Askyolo Tech Limited, which is registered in Hong Kong under the registration number: 3145894. As forex traders, you should know that having registration does not mean it's operating under any valid regulations in Hong Kong, all regulated forex brokers are monitored by the Hong Kong Securities And Futures Commission(HK SFC). However, we did not find any match results to Askyolo in HK SFC. The truth is, Askyolo is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Askyolo and trade with licensed brokers.
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