BrokersView has reviewed that AscotPrime is an unregulated forex broker AscotPrime is an unauthorized broker for the following reasons. 1) AscotPrime claims to be operated by R Capital Group Ltd, a regulated entity holding a license from the Seychelles Financial Services Authority (Seychelles FSA). However, there is no evidence to verify if AscotPrime is a product of the Seychelles FSA-licensed company. 2) AscotPrime also claims its payment services are provided by Virtual Trade Consultancy FZE & Enet Kuwait - which are regulated by GCC Authorities and ministry of commerce in the state of Kuwait. However, neither of the two agencies mentioned by this broker is a financial regulator that issues licenses for forex trading or brokers or regulates international companies engaging in such activities. 3) Downloading its MT5 software, we found AscotPrime is owned by Ascot Prime Ltd, a liability company located in the United Arab Emirates. However, we didn't find any results matching this broker in the register of CBUAE (The Central Bank of the United Arab Emirates; the regulatory body of UAE). All evidence clearly states that AscotPrime is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

BrokersView has identified that AscotPrime's website is currently offline BrokersView found that the domain "ascotprime.com" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.