Overview of AssetsFX
Founded in 2013 and headquartered in Mauritius, AssetsFX is an online broker that offers trading services in forex and CFDs. The brokerage provides various trading instruments including forex pairs, commodities, indices, cryptocurrencies, and stocks. AssetsFX appeals to different types of traders by offering a variety of account types ranging from the entry-level CENT account, requiring a minimum deposit of just $1, to the premium ZERO ECN account which requires $5,000 to start. Accounts boast competitive leverage up to 1:500 and spreads starting from 0.0 pips on ECN accounts.
Pros and Cons
Is AssetsFX Legit or a Scam?
Operating under the regulation of the Financial Services Commission (FSC) of Mauritius, ASSETS GLOBAL LTD is a licensed retail forex broker. The company was granted license number GB23201811 on May 3, 2024, to provide retail forex trading services.
Market Instruments
- Forex: AssetsFX offers competitive spreads on major currency pairs including EURUSD (0.1 spread), GBPUSD (0.1 spread), and USDJPY (0.2 spread), appealing to forex traders looking for tight spreads on major pairs.
- Commodities: Traders have the opportunity to trade in commodities such as Gold (XAUUSD) and Oil (UKOUSD & USOUSD), with very low spreads (0.4 and 0.1 respectively), making it an attractive option for commodity traders.
- Indices: The brokerage provides access to a range of global indices including NAS100, SPX500, and US30 with relatively low spreads which vary from 3 to 12.5, appealing to those interested in index trading.
- Cryptocurrencies: Cryptocurrency traders can trade popular digital currencies like Bitcoin (BTCUSD) and Ethereum (ETHUSD), although spreads can be high (163.7 for Bitcoin).
- Stocks: AssetsFX offers trading on a variety of stocks, enabling traders to participate in the equity markets. The availability of stock trading adds another layer to AssetsFXs portfolio.
Account Types
This broker offers five trading accounts, namely:
1. CENT Account
- Minimum Deposit:$1
- Leverage: 1:500
- Spread: Starts from 2.2 pips
- Commission: No commission
- Features: Created for beginners or those testing new strategies with minimal risk.
2. STANDARD Account
- Minimum Deposit:$10
- Leverage: 1:500
- Spread: Starting from 1 pip
- Commission: No commission
- Features: Suitable for regular traders who prefer a straightforward trading environment without commissions.
3. ECN Account
- Minimum Deposit: $50
- Leverage: 1:500
- Spread: Starting from 0.0 pip
- Commission: $3 per lot per side
- Features: Appeals to experienced traders looking for low spreads and direct market access with some commission cost.
4. ECN PRO Account
- Minimum Deposit:$1000
- Leverage: 1:500
- Spread: Starting from 0.0 pip
- Commission: $2 per lot per side
- Features: Targets professional traders who trade large volumes and require the lowest possible spreads and lower commissions.
5. ZERO ECN Account
- Minimum Deposit: $5000
- Leverage: 1:200
- Spread: Starting from 0.0 pip
- Commission: No commission
- Features: Best suited for high-volume traders who can trade with no commission charges and reduced leverage for potentially larger positions.
How to Open an Account with AssetsFX?
- Website Navigation: Go to the AssetsFX official site and click the 'Open Account or 'Start Trading' button.
- Registration: Fill in the registration form with your details such as name, email, and phone number, and select the type of trading account you wish to open.
- Verification: Complete the form by providing required identification documents to verify your identity. This is important for ensuring the safety and security of your account.
- Deposit: Fund your account using one of the several methods available, including cryptocurrencies and various direct transfer options.
- Begin Trading: With your account funded, you are ready to trade. AssetsFX offers over 150 different instruments and access to popular platforms like MT4 and MT5.
Leverage
The leverage can reach up to 1:500 for the CENT, STANDARD, and ECN accounts. For traders looking for lower risk exposure, the ZERO ECN account offers a reduced leverage of 1:200.
Spreads & Commissions
The CENT and STANDARD accounts have no commissions, with spreads starting from 2.2 and 1 pip respectively, suitable for casual and new traders. The ECN, ECN PRO, and ZERO ECN accounts appeal to more advanced traders offering raw spreads from 0.0 pip and low commissions - $3 for ECN, $2 for ECN PRO, and no commission for ZERO ECN.
Trading Platform
AssetsFX provides the MetaTrader 4 and MetaTrader 5 platforms, which support a broad range of devices including Windows, MAC, Android, iOS, and web browsers. This multi-platform availability ensures that traders can access their trading accounts and execute trades from virtually anywhere.
Deposit & Withdrawal
Deposit Methods:
- Perfect Money: Instant processing, no commission.
- Local Transfer: Within 1 business day, no commission.
- Cryptocurrencies: Includes Bitcoin, Ethereum, Litecoin, Ripple, Monero, Cardano, Dash, Tron, and more, all with instant processing and no commission.
- Digital Payments: Tether (USDT-TRC20 and USDT-ERC20), no commission, instant processing.
- Other Wallets: Paytm, PhonePe, Gpay, Upi, also with instant processing and no commission.
Withdrawal Methods:
- Perfect Money: Within 24 working hours, no commission.
- Local Transfer: Within 24 working hours, no commission.
- Cryptocurrencies: Includes Bitcoin, Ethereum, Litecoin, Ripple, Monero, Cardano, Dash, Tron, and more, all processed within 24 working hours with no commission.
- Digital Payments: Tether (USDT-TRC20 and USDT-ERC20), no commission, processed within 24 working hours.
- Other Wallets: Paytm, PhonePe, Gpay, Upi, also processed within 24 working hours and no commission.
Customer Support
- Office
59 Dimitriou Kitrou, DAKA BUILDING, 4102 Agios Athanasios, Limassol,Cyprus
- Call Us
+35725251492
MON-FRI, 10AM-7PM
- Email Address
info@assetsfx.org
cs@assetsfx.org
- A contact form and online live chat are provided for traders to send messages.
Conclusion
AssetsFX, founded in 2013 in Mauritius, facilitates trading across a comprehensive selection of securities such as forex, indices, and cryptocurrencies. The broker's account offerings range from the beginner-friendly CENT account to the advanced ZERO ECN account, each providing beneficial leverage options and competitive spreads to accommodate various trader needs.
FAQs
What account types are available at AssetsFX?
AssetsFX offers various accounts including CENT, STANDARD, ECN, ECN PRO, and ZERO ECN, tailored to different trader requirements and capital commitments.
What's the minimum deposit for starting an account at AssetsFX?
Minimum deposits at AssetsFX start at $1 for the CENT account, reaching up to $5000 for the ZERO ECN account.
Which trading platforms does AssetsFX use?
The broker provides MetaTrader 4 and MetaTrader 5 platforms, supporting a wide array of trading strategies and preferences.
How can I deposit and withdraw funds at AssetsFX?
Multiple methods are supported for both deposits and withdrawals at AssetsFX, including cryptocurrencies and e-wallets, generally processed within 24 hours without fees.
FX3815484092
Pakistan
Hello All Traders: stay away form this fraudulent broker Assestfx ,,,deducted my deposit amount .. All the manager this company are scammers never trust a account manager please avoid this broker don't trust this broker
Exposure
03-11
Sania Farooq
Pakistan
ALERT:- hello investor assetsfx is big scam broker i request all investor and traders to stay away form this broker. i made a profit 960 USD when I withdraw submit my profit deduct account close. SCAM SCAM SCAM SCAM SCAM SCAM PLEASE AVOIDE THIS BROKER
Exposure
02-10
Sania Farooq
Pakistan
i made my first deposit and trading for the first time i am tired live chat and email, but not response, Please i want to tell all trading investor to stay away this broker,
Exposure
02-04
Serendipity088
Japan
Only deposits are accepted, withdrawals are not allowed, everyone stay away from scams
Exposure
2024-09-25
Derrick632
Pakistan
But the main issue is their investment accounts, the fact that one person can make so many investment account and other people who invest with those traders who are running short-term algo trading with high returns and then boom, suddenly they blow up the account. I wish there was some way of knowing who is behind each investment account. And another issue is that there is absolutly no way for investment users to contact the Strategy account manager (Copy trading providers).
Neutral
2024-07-05
FX2574572881
Germany
Having traded with numerous brokers over the years, I’ve come to appreciate that each platform has its unique strengths, especially when it comes to execution policies and withdrawal processes. AssetsFX stands out as a reliable option in this competitive space. What truly impressed me was their ZERO ECN account, which offers a next-level trading experience. The absence of trading commissions and the near-zero spreads on major trading symbols make it an excellent choice for cost-effective trading. For me, the ability to withdraw funds seamlessly is a top priority, and AssetsFX has consistently delivered on this front. Their platform is user-friendly, and the execution speed is commendable.
Positive
02-14
FX1715436795
Cyprus
AssetsFX is a top class STP broker in the markets, Their withdrawal services are exceptional. got another massive withdrawal through binance 😲😍😲crypto withdrawal 😍
Positive
2024-09-26
FX2800014151
India
AssetsFX is a really good platform for the beginners who have thought to give trading a try and invest money in. The deposit and withdrawal is also very smooth here. Any query any time is being solved by the customer support team working 24/7 for our service. I would highly recommend it.
Positive
2024-09-26
FX2800014151
India
AssetsFX is a good platform to start investing money in the forex market. Withdrawals and deposits run very smooth here with an amazing customer support available 24/7. Happy trading.
Positive
2024-09-26
Brishti Mallik
India
I recently started trading here. This platform is user friendly, intuitive, which makes it easy to negative even for a beginner like me. The 24/7days customer support is responsive and helpful whenever I have questions. Overall a positive experience so far.
Positive
2024-09-26
FX2290782556
Cyprus
AssetsFX is a top-notch STP broker in the financial markets, offering ultra-low commissions and tight spreads. Their withdrawal and deposit services are exceptional. they Ensure of no slippage and delayed of quote. 😍strongly endorse this broker.
Positive
2024-09-25
Ahmed93
United Arab Emirates
So far I found a broker where I can trade with lowest cost. spreads are very low. I like ZERO ECN account where I find very fast execution + 0 commission. The process of deposit and withdrawal is super fast. They also support local transection. As a Bangladeshi I'm having great experience with this broker. I also like their client support system. I can contact with them any time through WhatsApp. I highly recommend this broker.
Positive
2024-05-03
Rahul Kakadiya
India
AssetsFX has impressed me for nearly a decade with its smooth operations, customer care, and focus on Indian traders. The local payment system is making everything so much smoother!
Positive
2023-12-19
Hasan6044
Bangladesh
Fantastic order execution, lightning-fast withdrawals even on weekends, excellent support in bangle (I'm from Bangladesh)... Perfect for using EAs, convenient for small deposits. I have absolutely no complaints about this broker. It has been an excellent trading experience so far.
Positive
2023-12-04
Shovon Trafder
Bangladesh
I've been familiar with AssetsFX for almost two years, and my experience has been quite positive. They've made significant improvements, particularly in their withdrawal process, which is now quicker. I appreciate the low spread and fast execution on the MT5 platform. Having an account manager accessible through WhatsApp makes it easy to get assistance when needed. So far, I haven't encountered any suspicious activity, so I am comfortable depositing a substantial amount into my account.
Positive
2023-11-30
Amit Mirsha
India
I've been trading with AssetsFX for about a year now, and I'm very impressed with their service. They offer commission-free trading on EUR/USD and other major pairs, which is a big advantage for me. Their execution is always fast and reliable, even outside of cash hours. I use USDT (Tether) to withdraw and deposit funds, and it has never been a problem. The money arrived the same day, and I could easily transfer it to my bank account. Overall, I highly recommend AssetsFX. They are by far the best forex broker I have ever used, and I have no intention of switching to another one.
Positive
2023-11-29
Thomas6630
Canada
I've found Assetsfx to be the best Forex broker to date. Over my almost one year with them, I've had no problems. Withdrawals are efficient, customer support is good, and their prices are reasonable. The only downside is that you can only withdraw to your initial deposit method.
Positive
2023-11-25
Roger24
United Arab Emirates
In my experience, AssetsFX stands out as a reliable Forex broker. I've been with them for nearly six years without encountering any issues. Withdrawals function smoothly, their support is reliable, and they offer competitive pricing. The only drawback is that withdrawals are limited to the initial funding source.
Positive
2023-11-17