WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Longasia

Singapore
Entry Time 2017-12-05
2017-12-05Input
http://longasiagroup.com/en/index.php
http://longasiagroup.com/en/index.php
Exposure

Time Machine

More
More
2022 years 3 Month
2022-3
Time2022 years 3 Month
Expose
Pyramid scheme complaint
Expose

    Longasia · Company Summary

    Note: Longasias official site - http://Longasiagroup.com/en/index.php is currently not functional. 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

    Longasia Review Summary in 10 Points
    Founded 5-10 years
    Registered Country/Region Singapore
    Regulation Not regulated
    Market Instruments Futures, Securities, Forex, CFDs, Commodities, Indexes, Crypto
    Demo Account Yes
    Leverage Up to 1:200
    EUR/USD Spread From 1.5 pips
    Trading Platforms MT4
    Minimum Deposit Info not disclosed
    Customer Support Phone, Email

    What is Longasia?

    Longasia is a global brokerage firm based in Singapore that offers a range of market instruments including Futures, Securities, Forex, CFDs, Commodities, Indexes and Crypto to traders. However, it is important to note Longasia is currently not regulated by any recognized financial authorities which raises concerns when trading.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    Pros Cons
    • Demo account available • Not regulated
    • Wide range of trading instruments across multiple asset classes • Lack of transparency
    • MT4 trading platforms • Many negative reviews from their clients
    • Website unfunctional

    Longasia Alternative Brokers

    There are many alternative brokers to Longasia depending on the specific needs and preferences of the trader. Some popular options include:

    • FXCM- With its strong reputation and advanced trading technology, FXCM is a trusted broker offering competitive spreads and a wide range of trading instruments, suitable for both beginners and experienced traders.

    • FP Markets- FP Markets offers a wide range of trading instruments, including forex, CFDs, and commodities. FP Markets is also known for their competitive spreads and commissions.

    • Plus500- Plus500 stands out for its intuitive platform, extensive range of tradable assets, and commission-free trading, making it an attractive option for traders looking for a user-friendly and cost-effective trading experience.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is Longasia Safe or Scam?

    When considering the safety of a brokerage like Longasia or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

    • Regulatory sight: It is not regulated by any major financial authorities, its FSPR (Financial Service Providers Register, License No. 241165) license has been revoked, which means that there is no guarantee that it is a safe platform to trade with.

    FSPR license
    • User feedback: Total 25 pieces of exposures on WikiFX of unable to withdraw, scam, fraud are serious red flags that cannot be overlooked, immediate attention and caution in any financial dealings with this broker is suggested when traders consider trading.

    Ultimately, the decision of whether or not to trade with Longasia is a personal one. You should weigh the risks and benefits carefully before making a decision.

    Market Instruments

    Longasia provides an extensive selection of market instruments, the diverse range of offerings includes:

    Futures: Giving traders the ability to speculate on the future price movements of various assets, including commodities, currencies, and stock market indices.

    Securities: Enabling investors to buy and sell stocks and other financial instruments issued by companies, providing ownership and potential dividends.

    Forex: Offering the largest and most liquid market, allowing traders to exchange currencies and profit from fluctuations in exchange rates.

    CFDs (Contracts for Difference): Allowing traders to speculate on the price movements of assets without owning the underlying asset, providing flexibility and leverage.

    Commodities: Enabling investors to trade various physical goods like gold, oil, and agricultural products, diversifying their portfolios and hedging against inflation.

    Indexes: Allowing traders to invest in the performance of an entire market or sector, rather than individual stocks, offering broader exposure and risk management.

    Crypto: Providing access to the booming world of cryptocurrencies, enabling traders to invest and trade digital assets like Bitcoin, Ethereum, and more.

    Accounts

    Longasia provides investors with a diverse range of account types, offering them flexibility and options to suit their individual trading preferences. The three primary account types available are Standard, ECN (Electronic Communication Network), and Zero accounts. While the minimum deposit information is not disclosed on the website, prospective users are advised to directly consult with Longasia brokerage team to obtain accurate and up-to-date information about the minimum deposit requirements for each account type.

    Leverage

    Longasia offers a leverage up to 1:200 for their trading accounts. Leverage is a powerful tool that allows traders to control a larger position in the market with a relatively smaller initial investment. With a leverage ratio of 1:200, traders can amplify their potential profits, as well as their risks, significantly. Traders who are experienced and have a solid understanding of risk management may opt for higher leverage to enhance their trading opportunities. However, it is crucial to approach leverage with caution and consider individual risk tolerance, as higher leverage also increases the potential risk.

    Spreads & Commissions

    Longasia provides traders with spreads starting from 1.5 pips which is higher than what most traders would expect. Specific information regarding commissions is not openly disclosed on Internet, interested users are encouraged to directly consult with the broker to obtain detailed insights into commission structures and related fees. While the lack of disclosed commission details may present some uncertainty, the option to consult directly with the broker fosters transparency and open communication, allowing clients to gain a comprehensive understanding of the overall trading costs and associated expenses. As with any financial decision, prospective users are advised to carefully consider their risk tolerance and trading strategies before engaging with Longasia's services.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spreads (pips) Commissions (per lot)
    Longasia From 1.5 Not disclosed
    FXCM From 1.3 Variable (depending on account)
    FP Markets From 0.0 Variable (depending on account)
    Plus500 From 0.5 No commissions

    Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.

    Trading Platforms

    Longasia is equips its clients with a seamless and powerful trading experience, offering them access to the widely acclaimed MetaTrader 4 (MT4) trading platform. As one of the most popular and trusted platforms in the financial industry, MT4 is renowned for its user-friendly interface, advanced charting tools, and comprehensive analytical capabilities. With MT4, traders can execute trades efficiently, monitor market movements in real-time, and implement various trading strategies with ease. The platform also supports the use of Expert Advisors (EAs), enabling automated trading and the implementation of custom trading algorithms.

    See the trading platform comparison table below:

    Broker Trading Platforms
    Longasia MT4
    FXCM MT4
    FP Markets MT4/5, IRESS platform
    Plus500 Plus500 WebTrader, Plus500 Mobile App

    Overall, Longasias trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders

    Deposits & Withdrawals

    At Longasia, traders can fund their accounts using credit and debit cards, which provide instant and hassle-free transactions, allowing for immediate access to the trading platform. Additionally, the option of wire transfers provides a reliable and secure means for transferring larger amounts, ensuring peace of mind for those who prefer traditional banking methods.

    User Exposure on WikiFX

    Encountering a total of 25 pieces of exposures on WikiFX, most related to difficulties in withdrawing funds, and some scam, fraud and system cases, these serve as an alarming signal that cannot be ignored when considering this particular broker. These serious red flags are indicative of potential risks and malpractices within the company's operations. Traders and investors must exercise extreme caution and conduct thorough due diligence before engaging with the broker. The documented instances of scams and withdrawal issues on WikiFX raise significant concerns about the broker's reliability and credibility. It is essential for individuals to prioritize their financial security and seek out brokers with transparent and trustworthy track records to safeguard their investments and avoid potential pitfalls. If you find such fraudulent brokers or have been a victim of one as well, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Customer Service

    Longasia only provides customer support through email. While some traders may prefer additional options like phone or live chat support for more immediate assistance, the email channel remains a direct and formal means of communication with the support team. However, it is essential to note that the absence of other support channels might be a consideration for those seeking more instant solutions to urgent matters.

    Email: cs@alongasialiquidity.com.

    Conclusion

    According to available information, Longasia is a non-regulated Singapore -based brokerage firm. While the firm offers Futures, Securities, Forex, CFDs, Commodities, Indexes, Crypto as market instruments, it is important to consider certain factors such as lack of regulations and 25 reports of scams, fraud and unable to withdraw that raises concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from Longasia before making any investment decisions.

    Frequently Asked Questions (FAQs)

    Q 1: Is Longasia regulated?
    A 1: No. It has been verified that this broker currently has no valid regulation, their FSPR (Financial Service Providers Register, License No. 241165) license has been revoked.
    Q 2: Does Longasia offer the industry leading MT4 & MT5?
    A 2: Yes, it offers MT4 platform
    Q 3: Is Longasia a good broker for beginners?
    A3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency and too many exposures on WikiFX within 3 months.
    Q 4: Does Longasia offer demo accounts?
    A 4: Yes.

    News

    No data

    Select Country/Region
    • Hong Kong

    • Taiwan

      tw.wikifx.com

    • United States

      us.wikifx.com

    • South Korea

      kr.wikifx.com

    • United Kingdom

      uk.wikifx.com

    • Japan

      jp.wikifx.com

    • Indonesia

      id.wikifx.com

    • Vietnam

      vn.wikifx.com

    • Australia

      au.wikifx.com

    • Singapore

      sg.wikifx.com

    • Thailand

      th.wikifx.com

    • Cyprus

      cy.wikifx.com

    • Germany

      de.wikifx.com

    • Russia

      ru.wikifx.com

    • Philippines

      ph.wikifx.com

    • New Zealand

      nz.wikifx.com

    • Ukraine

      ua.wikifx.com

    • India

      in.wikifx.com

    • France

      fr.wikifx.com

    • Spain

      es.wikifx.com

    • Portugal

      pt.wikifx.com

    • Malaysia

      my.wikifx.com

    • Nigeria

      ng.wikifx.com

    • Cambodia

      kh.wikifx.com

    • Italy

      it.wikifx.com

    • South Africa

      za.wikifx.com

    • Turkey

      tr.wikifx.com

    • Netherlands

      nl.wikifx.com

    • United Arab Emirates

      ae.wikifx.com

    • Colombia

      co.wikifx.com

    • Argentina

      ar.wikifx.com

    • Belarus

      by.wikifx.com

    • Ecuador

      ec.wikifx.com

    • Egypt

      eg.wikifx.com

    • Kazakhstan

      kz.wikifx.com

    • Morocco

      ma.wikifx.com

    • Mexico

      mx.wikifx.com

    • Peru

      pe.wikifx.com

    • Pakistan

      pk.wikifx.com

    • Tunisia

      tn.wikifx.com

    • Venezuela

      ve.wikifx.com

    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
    Cooperation:fxeyevip@gmail.com