Minimum Deposit: $200
Maximum Leverage: 1:200
My Score: 3.5
Hello everybody! I am going to introduce you to AssetsFX today. AssetsFX is trading name of ASsetsFX Trading Ltd.
The broker has been operating since 2002. AssetsFx Trading Ltd. located in P.O. Box 1276, Port Vila, Vanuatu.
So, in this AssetsFX review, you will learn all the information about this broker. Is AssetsFX regulated? What are the account types of AssetsFX? How are the trading conditions such as spreads, leverage, and minimum deposit? Is AssetsFX scam or reliable?
Regulation of AssetsFX
According to the website of the broker, AssetsFX is authorized and regulated by the Vanuatu Financial Services Commission, Companies House, Rue Bougainville, PMB 9023, Port Vila, Efate, Vanuatu.
As you know, Vanuatu is a highly preferred country by offshore brokers. However, it does not offer high reliability to traders due to its financial obligations.
I always warn traders about the risk associated with doing trade with offshore or unregulated brokers.
Also, I always advise them to select among brokers regulated by reliable regulators such as UK’s FCA, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).
These regulators require a certain amount of capital from the brokers to guarantee the compensation of funds and a certain level of safety of clients’ money.
For example, the FCA brokers must hold at least £730,000 tangible assets to proof their financial stability.
Besides, they have to keep client funds must be held in segregated accounts separate from the company’s operational funds.
The Financial Services Compensation Scheme (FSCS) provides a maximum compensation cover of £50,000 per person in the event of insolvency.
Account Types and Spreads
AssetsFX offers its clients only one account type. The standard account type has tight variable spreads + Commission 2.95 USD per 100 000 USD traded per side (0.00295% of the order size in base currency) – to open and close a trade, the cost would be $5.90/100 000 USD traded.
The minimum deposit is 200 USD, maximum leverage is 1:200 for accounts up to $2000. Min trade size: 0.01 lots. Base currency is USD. ECN/DMA (direct market access), NDD (no-dealing-desk), STP (straight-through processing).
I think the trading conditions of this broker are attractive. The minimum initial deposit required, as well as the maximum leverage levels that offered, are acceptable.
The broker provides the best forex trading platform MetaTrader 4. MetaTrader 4 offers the leading trading and analytical technologies, as well as additional services. It has everything you need for Forex trading.
The powerful MetaTrader 4 platform allows you to implement strategies of any complexity. The Market and pending orders, Instant Execution and trading from a chart, stop orders and trailing stop, a tick chart and trading history – all these tools are at your disposal.
Analytical functions are one of the MetaTrader 4 platform’s strongest points. The MT4 has also interactive charts, 9 timeframes, 33 analytical objects, and 30 technical indicators.
Smartphones and tablets are indispensable in trading when you are away from your computer. The platform supports for iOS and Android OS. Full set of trading orders, analytics and technical indicators are available.
Bonuses and Promotions
If you open a new live account, you can receive a Deposit Bonus up to $500. The following terms and conditions apply:
- The bonus will be deposited together with your initial deposit.
- The minimum deposit for the Deposit Bonus is $500.
- Once the broker has received your deposit, it will add 25% more in your trading account as a credit, for example, if you deposit $1000, we will add a $250 credit, for a $2000 dollar deposit $500 will be added etc.
- The maximum Deposit Bonus credit is $500.
- The bonus credit can be withdrawn after the total volume of traded orders reaches bonus size divided by 2. For example, if your deposit is $1000 and a bonus $250, in order to withdraw the bonus, you need have traded at least 125 full lots during the past 6 months.
AssetsFX offers its clients the following payment methods: bank wire transfer and via credit/debit cards, as well as e-wallets such as Paypal Neteller, Skrill, and Paysite cash.
The billing bank and/or sending bank can apply additional exchange and service fees. Processing fees (approximately 3-3.5%) are being deducted from the E-payments. Third party payments are NOT accepted. The payment has to be originated from the account holder!
Once the broker receives your withdrawal request, the process of withdrawal starts immediately during normal business hours. Depending on the location of your home bank and withdrawal method, you should receive your funds within 1-7 business days.
The payment methods are enough but there should be a Bitcoin option.
AssetsFX is an offshore forex broker which offers competitive trading conditions. Although AssetsFX has 15 years of experience in forex business, it is not regulated by the Financial Supervisory Authority in Finland.
The broker supports the MetaTrader 4 trading platform and offers a deposit bonus. There is no information about trading instruments on the broker’s website.
As a result of this review, you can check the pros and cons of this broker. If you didn’t want to trade with it you can look at my top forex brokers list and find a better forex broker.