This AssetsFX review will analyze the broker’s operations, focusing on red flags and tips for recovering lost funds if scammed.
AssetsFX Broker Overview
- Website: https://www.assetsfx.org
- Website Availability: YES
- Headquarters Country: Mauritius
- Owned By: Assets Global Ltd.
- Blacklisted by: Not recommended by the review website like Fraud Recovery Experts
- Domain Age:
- Name: assetsfx.org
- Registry Domain ID: 50ccdc3ac49e488394ddf993f7b7e88d-LROR
- Registered On: 2022-09-22T05:09:28.525Z
- Expires On: 2025-09-22T05:09:28.525Z
- Updated On: 2024-11-06T05:10:23.565Z
AssetsFX is an online trading platform that provides financial companies, including Forex, indices, stocks, and metals as trading instruments. The brokerage firm offers several accounts, including Standard, ECN, ECN Pro, and Zero ECN, in consideration of different levels of traders. Traders are facilitated to trade on major platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) with margins up to 1:2000 and minimum deposits from $10.
Questionable Licensing by Regulation
AssetsFX claims to be regulated by the Financial Services Commission, Mauritius, through its company, Assets Global Ltd, by registration number C207079 GBC and license number GB23201811. This license has, however, raised inquiries about its validity. Findings from BrokersView indicated that there was no evidence to support the claims of regulation, hence the belief that AssetsFX lacks the very necessary regulatory oversight.
Warnings and Complains
AssetsFX has indeed raised many red flags. Some users have major problems, such as money withdrawal problems or unresponsive customer service. For example, this Forex Peace Army user says, he is still waiting for withdrawal after over a month and has been receiving little communication from the company. BrokersView has flagged the AssetsFX website as suspicious website due to false claims regarding regulatory compliance.
Low Trust Score of the Website
This has caused AssetsFX to have a very low trust score among traders, as well as in the eyes of industry watchdogs due to regulative claims that were dubious and many user complaints. The business and the problems which remain unsolved indicate the kind of risk that this broker has on clients.
Avoid These Popular Online and Financial Scams
Scammers have various ways to get into the minds of people and take away money from them. Here’s the list of scams:
- WhatsApp Scams: Scammers pretend to be officials, friends, or investment consultants. Their task is to lead the victim to invest in fake schemes or attempt phishing.
- Telegram Scams: Scammers create bogus groups and pose as real businesses to promote fraudulent investments, fake giveaways, and Ponzi schemes.
- Ponzi Scams: Their promise is of high returns and low risk, which is paid by new investors to earlier ones until the scheme collapses.
- NFT Scams: Scammers create bogus NFT projects, artificially inflate the price of NFTs, or simply dupe buyers into purchasing worthless digital collectibles.
- Amazon Scams: Fake Amazon representatives trick users into leaking personal details via fake order confirmation emails, refund scams, or phishing websites.
Is AssetsFX Broker Legitimate?
Using the following aspects, we try to confirm the legitimacy of AssetsFX Broker:
- Regulation Status: Legitimate brokers are regulated by the SEC, FCA, or ASIC. The lack of regulatory information is a big red flag.
- User Reviews and Complaints: Complaints from dozens of investors regarding lost funds and withdrawal issues point to scamming.
- Transparency and Credibility: Lack of company data, hidden fees, and misleading terms are signs of fraud.
How to Get Funds Back from AssetsFX Broker?
If you got scammed by AssetsFX Broker, these steps might help you recover your funds:
- Report to Your Bank or Payment Provider: Refer to transactions made without your permission and file a chargeback request.
- Collect All Evidence: All communications, transaction receipts, and screenshots should be consolidated as proof of the scam.
- Complaint Registration with Financial Authorities: Report the scam to the regulator within your country.
- Consider Seeking Professional Help: Recovery experts can follow the money trail and launch a lawsuit against the fraudulent brokers.
About Fraud Recovery Experts
Fraud Recovery Experts offer assistance to financial fraud victims in recovering their money. Our team of specialists works alongside banks and legal authorities to trace fraudulent transactions and assist them in the process of recovery.
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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