Assets Chart Forex Broker

Assets Chart Forex Broker - Comprehensive Information Guide

1. Broker Overview

Assets Chart is an online trading platform owned by Assets Chart Ltd., which was established in 2020. The company is headquartered at 37 Dorset Rd, London, SW19 9EZ, UK, with additional offices located at 8th Floor, 167 Fleet Street, London, EC4A 2EA. As a privately held entity, Assets Chart primarily serves retail clients, providing a wide range of financial services and trading options.

Since its inception, Assets Chart has aimed to deliver a user-friendly trading environment that caters to both novice and experienced traders. The company has made significant strides in expanding its market presence, focusing on innovative trading solutions and technology-driven services. The key milestones in its development include the launch of its trading platform and the introduction of various trading instruments tailored to meet the needs of its diverse clientele.

Assets Chart operates under a business model that emphasizes retail forex trading, allowing clients to trade a variety of asset classes, including currencies, commodities, and indices. The broker aims to provide a comprehensive trading experience with competitive spreads and a robust trading platform.

2. Regulatory and Compliance Information

Assets Chart operates without regulation from any major financial authority, which raises concerns about its legitimacy. The broker is not authorized by the Financial Conduct Authority (FCA) in the UK or any other reputable regulatory body, making it crucial for potential clients to exercise caution. Clients should be aware that trading with an unregulated broker can expose them to various risks, including the potential loss of funds without recourse.

Due to its unregulated status, Assets Chart does not have a regulatory license number, nor does it participate in any investor compensation schemes. This lack of oversight means that clients may not have access to the financial ombudsman service in the event of disputes. The absence of a clear customer fund segregation policy further complicates the situation, as clients' funds may not be protected in the same way as with regulated brokers.

Assets Chart claims to implement KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures, but the effectiveness and transparency of these measures are questionable given the lack of regulatory oversight. Potential clients are advised to conduct thorough research and consider the risks associated with trading through an unregulated broker.

3. Trading Products and Services

Assets Chart offers a variety of trading products, primarily focusing on forex pairs. The broker provides access to over 50 currency pairs, including major, minor, and exotic currencies. In addition to forex trading, Assets Chart also offers Contracts for Difference (CFDs) on various asset classes, including indices, commodities, stocks, and cryptocurrencies.

The broker's product range includes:

• Forex Pairs: A wide selection of currency pairs for trading.
• CFDs: Options to trade on indices, commodities, stocks, and cryptocurrencies.
• Special Products: Assets chart may introduce unique trading instruments, but specific details are not disclosed.

The frequency of product updates and the introduction of new trading instruments remain unclear, as the broker does not provide comprehensive information about its offerings. Retail trading services are available for individual clients, while institutional services and white-label solutions are not explicitly mentioned.

4. Trading Platform and Technology

Assets Chart supports the MetaTrader 4 (MT4) trading platform, which is widely recognized for its advanced trading capabilities and user-friendly interface. Traders can access the platform via desktop and mobile applications, making it convenient for users to trade on the go.

The broker's platform features include:

• Web-Based Trading: Accessible through any modern browser.
• Mobile Applications: Available for both iOS and Android devices, allowing traders to manage their accounts from anywhere.
• Execution Model: Assets Chart operates on an ECN (Electronic Communication Network) model, providing direct market access and competitive spreads.

The broker's server infrastructure and technical capabilities are not detailed in the available information. Additionally, the availability of API access and automated trading features remains unspecified, which may limit the options for algorithmic traders.

5. Account Types and Trading Conditions

Assets Chart offers a standard trading account with the following conditions:

• Minimum Deposit: The minimum deposit required to open an account is $250.
• Spreads: Competitive spreads are available, but specific figures are not disclosed.
• Commission: The broker does not clearly state its commission structure.

For advanced traders, there may be options for specialized accounts, such as VIP or professional accounts, although details are not provided. The availability of Islamic accounts for traders requiring Sharia-compliant options is also unclear.

The leverage offered by Assets Chart can reach up to 1:400, which may appeal to high-risk traders. The minimum trade size is not specified, and the broker's overnight fees policy remains undisclosed, which could affect trading strategies.

6. Fund Management

Assets Chart supports various deposit methods, including:

• Bank Transfers
• Credit/Debit Cards
• E-Wallets

The minimum deposit requirement varies by account type, with a standard minimum of $250. The processing time for deposits is generally immediate, but specific timeframes are not outlined.

Withdrawal methods include bank transfers and e-wallets, with a minimum withdrawal limit of $100. The processing time for withdrawals may vary depending on the method used. While the broker claims not to charge deposit or withdrawal fees, third-party fees may apply.

7. Customer Support and Educational Resources

Assets Chart provides customer support through various channels, including:

• Phone
• Email
• Online Chat

The support team is available during business hours, but specific times and time zone coverage are not detailed. The broker offers support in multiple languages, but the exact languages available are unspecified.

Educational resources offered by Assets Chart include:

• Webinars
• Tutorials
• E-books

Market analysis services, such as daily market updates and research reports, are not clearly mentioned. The broker's trading tools, including calculators and economic calendars, may be available but lack detailed descriptions.

8. Regional Coverage and Restrictions

Assets Chart primarily serves clients in the UK and other regions. However, the broker's regional office distribution is not specified. Certain countries may be restricted from accessing the broker's services, though specific details are not provided.

In summary, while Assets Chart presents itself as a comprehensive trading platform, potential clients should be cautious due to its unregulated status and lack of transparency regarding various operational aspects. It is advisable to conduct thorough research and consider the inherent risks before engaging with the assets chart broker.