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Asia Stock foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://wewek5588.pimtw.com/, about the company's legal and temporary regulatory information, the company's address .

Asia Stock Forex Broker

Basic Information

Registered Region
China
Operating Period
--
Company Name
Asia Stock
Abbreviation
Asia Stock
Company employee
--
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

General Information & Regulation Asia Stock is a forex broker registered in China, allegedly providing hundreds of foreign exchange currency pairs, precious metals, stocks, commodity futures and other trading products to global investors. There is no regulatory license details displayed on its website. Due to many complaints mentioning that Asia Stock rejected traders application to withdraw funds. This broker has run away and changed its name to keep scamming traders. Market Instruments Asia Stock advertises that it offers popular trading products such as forex exchange, precious metals, indices, as well as digital currencies and more. Minimum Deposit The minimum required to active a real trading account is 1000 USD, which is way too high. Most legit brokers only ask traders to deposit around $100 or even less to start trading. Leverage The maximum trading leverage for forex trading offered by Asia Stock is up to 500:1. Since margin trading is full of risks, inexperienced traders are not advised to use too high leverage level. Spreads & Commissions Asia Stock advertises that it offers competitive spreads for its traders, starting from 0 pips. This is absurdly impossible, especially for unregulated brokers. They just want to attract new traders by using these tactics. Trading Platform Available To our surprise, what Asia Stock offers is the white label MT5 trading platform. MT5 is a powerful software with complete trading varieties, widely used by most brokers and traders in the world. MT5 is equipped with advanced chart analysis, one-click transaction, moving stop loss function, drawing tools and technical analysis indicators. Deposit & Withdrawal In terms of payment methods supported, Asia Stock does not make this part clear. When clicking the “online withdrawal” button, it leads to a mistaken page, with nothing on it. In most cases, brokers would accept traders to fund their accounts though Credit/Debit Card, wire transfer, as well as Skrill and Neteller. Customer Service The Asia Stock customer support can be reached only through email, even telephone unavailable, which is the absolutely scam-looking behavior.

Rating Index

How to login to Asia Stock?
Asia Stock Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register an Asia Stock Account Registering for an Asia Stock account is the first step toward accessing the trading platform. Follow these detailed steps to ensure a sm

  

Asia Stock Broker - Comprehensive Information Guide

  

1. Company Overview

  Asia Stock is a forex broker established in China, focusing on providing a wide range of trading services to global investors. The company operates primarily from its headquarters in China, with additional offices in various regions to cater to its diverse clientele. As a private entity, Asia Stock is dedicated to serving retail forex traders, institutional clients, and offering a suite of trading products and services.

  Founded in the past few years, Asia Stock has rapidly developed its business model to adapt to the dynamic financial markets. The broker aims to provide competitive trading conditions and a user-friendly platform, enabling traders to access various financial instruments. Notably, the company has achieved several milestones, including the expansion of its product offerings and enhancements to its trading platform.

  While the specifics of its parent company or group affiliations are not detailed, Asia Stock operates independently, focusing on retail forex and providing institutional services. The broker's business model emphasizes retail forex trading, allowing individual investors to participate in the global forex market.

  

2. Regulatory and Compliance Information

  Asia Stock operates without a valid regulatory license, which raises significant concerns regarding its reliability. The absence of regulatory oversight means that the broker does not adhere to the stringent standards set by major financial authorities. As a result, there is no assurance of fund protection or operational transparency.

  The broker has not disclosed any regulatory numbers or licenses, indicating a lack of compliance with necessary legal frameworks. This situation poses a risk to clients, as their funds may not be safeguarded under investor compensation schemes typically offered by regulated brokers.

  Additionally, Asia Stock's customer funds are not reported to be kept in segregated accounts, which further heightens the risk for investors. The broker's approach to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures is also unclear, leaving potential clients in a vulnerable position.

  

3. Trading Products and Services

  Asia Stock claims to offer a diverse range of trading products, including:

  • Forex Currency Pairs: The broker provides access to numerous forex pairs, covering major, minor, and exotic currencies. However, the exact number of pairs available is not specified.
  • CFD Products: Clients can trade Contracts for Difference (CFDs) on various asset classes, including indices, commodities, stocks, and cryptocurrencies. This wide selection allows traders to diversify their portfolios.
  • Unique Trading Instruments: While specific unique products are not highlighted, the broker's offerings may include specialized instruments designed for advanced trading strategies.
  • Product Updates: The frequency of product updates and newly introduced trading instruments remains unspecified, which could impact traders seeking fresh opportunities.
  • Retail Trading Services: Asia Stock focuses on providing retail trading services, enabling individual investors to access and trade various financial markets.
  • Institutional Client Services: Although specific institutional services are not detailed, the broker may provide tailored solutions for institutional clients.
  • White Label Solutions: There is no mention of white label solutions, which typically allow other businesses to offer trading services under their brand using the broker's infrastructure.
  • Asset Management Services: The availability of asset management services is not specified, leaving a gap in understanding the full scope of offerings.

  

4. Trading Platforms and Technology

  Asia Stock provides its clients with access to the popular MetaTrader 5 (MT5) trading platform, known for its advanced trading capabilities. The broker may also offer a proprietary trading platform, although details regarding its features are limited.

  The broker supports both web-based and mobile trading applications, enabling users to trade on-the-go. The mobile applications are available for both iOS and Android, allowing for flexibility in trading.

  The execution model employed by Asia Stock is not clearly defined, with no mention of whether it operates on an ECN, STP, or Market Making basis. This lack of clarity may affect traders' understanding of how their orders are processed.

  Information regarding the broker's server locations and technological infrastructure is not provided, which is crucial for assessing the reliability and speed of trade execution. Furthermore, there is no indication of API access or support for automated trading, which may limit opportunities for algorithmic traders.

  

5. Account Types and Trading Conditions

  Asia Stock offers various account types to cater to different trader needs. However, specific details regarding standard account conditions, such as minimum deposit requirements, spreads, and commissions, are not disclosed.

  • Standard Account Conditions: The minimum deposit and trading conditions for standard accounts remain unspecified, making it difficult for potential clients to evaluate the cost of trading.
  • Advanced Account Types: Information about advanced account types, such as VIP or professional accounts, is not provided.
  • Special Accounts: There is no mention of special accounts, such as Islamic accounts or corporate accounts, which are often sought by specific trader demographics.
  • Demo Account Policy: The availability of demo accounts for practice trading is not mentioned, which is vital for new traders to familiarize themselves with the platform.
  • Leverage Ratios: The maximum leverage offered by Asia Stock is stated to be up to 500:1. However, such high leverage can pose significant risks, especially for inexperienced traders.
  • Minimum Trade Size: The minimum trade size is not specified, which could impact traders' strategies and risk management approaches.
  • Overnight Fees: Information regarding overnight fees or swap rates is not disclosed, leaving traders uncertain about potential costs associated with holding positions overnight.

  

6. Fund Management

  Asia Stock supports various deposit methods, allowing clients to fund their accounts through:

  • Deposit Methods: Options include bank transfers, credit cards, and potentially electronic wallets, though specific details are not provided.
  • Minimum Deposit Requirements: The minimum deposit requirement for different account types is stated to be $1,000, which is comparatively high in the industry.
  • Deposit Processing Times: The processing time for deposits is unspecified, which may affect traders' ability to access their funds quickly.
  • Deposit Fees: There is no clear information on deposit fees, leaving potential clients in the dark about any potential costs.
  • Withdrawal Methods and Restrictions: The withdrawal methods available and any associated restrictions are not detailed, which is crucial for understanding fund accessibility.
  • Withdrawal Processing Times: The time taken to process withdrawals is not mentioned, which could lead to dissatisfaction among clients waiting for their funds.
  • Withdrawal Fee Structure: Information regarding withdrawal fees is also lacking, raising concerns about the overall cost of managing funds.

  

7. Customer Support and Educational Resources

  Asia Stock provides customer support through various channels, though specific details are limited:

  • Support Channels: Clients can reach customer support via email, with no mention of phone or live chat options, which may hinder timely assistance.
  • Service Hours and Time Zone Coverage: The operating hours of customer support are not specified, leaving clients uncertain about when they can receive help.
  • Multilingual Support: There is no information on the languages supported by the customer service team, which could affect non-native speakers.
  • Educational Resources: The availability of educational resources, such as webinars, tutorials, or e-books, is not mentioned, which is essential for trader development.
  • Market Analysis Services: There is no indication of whether the broker offers market analysis, news, or research reports to assist traders in making informed decisions.
  • Trading Tools: The types of trading tools available, such as calculators, calendars, or signal services, are not specified.

  

8. Regional Coverage and Restrictions

  Asia Stock primarily serves the Asian market, with a focus on providing trading services to clients in various regions. However, specific details regarding its operational reach and limitations are not provided:

  • Main Service Markets: The broker's main service markets include China and potentially other regions within Asia, though exact details are unclear.
  • Regional Office Distribution: Information about the distribution of regional offices is not disclosed, which may affect clients seeking local support.
  • Countries/Regions Not Accepted: Asia Stock does not accept clients from certain countries, but the specifics are not provided, which could lead to confusion for potential clients.
  • Special Restrictions: Any special restrictions or conditions applicable to specific regions are not mentioned, leaving potential clients with unanswered questions.

  In conclusion, while Asia Stock presents itself as a forex broker with a variety of offerings, significant gaps in regulatory compliance, transparency, and customer support raise concerns about its reliability and suitability for traders. Potential clients should exercise caution and conduct thorough research before engaging with this broker.

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Latest Reviews

FX8780916052

FX8780916052

Taiwan

https://wewek5588.pimtw.com/center/#/login

Exposure

2021-02-28

FX8780916052

FX8780916052

Taiwan

The platform does not have a 24-hour customer service staff who can reply to questions in time, especially the issue of withdrawal. I only say "Hello", and it will take several days or even longer to reply. One day after the customer service staff finally asked "Excuse me for the member account", they never read the message of the line at all, and even more annoying is to block the line~ , Please stay away from this website, please stop the money you are going to deposit as soon as possible

Exposure

2020-12-19

Asia Stock Forex Broker has an overall rating of 1.50, Regulatory Index 0.00, License Index 0.00, Business Index 6.91, Software Index 4.00 Risk Control Index 0.00.
Asia Stock