AssetsFx Forex Broker

Assetsfx Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Assetsfx, established in 2013, is a prominent online trading brokerage that operates under the full name AssetsFX Global Ltd. The company is headquartered in Suite 305, Griffith Corporate Center, Kingstown, St. Vincent and the Grenadines. As a privately held entity, Assetsfx focuses on providing a wide range of trading services to individual traders and institutional clients alike.

　　Since its inception, Assetsfx has made significant strides in the online trading landscape, quickly gaining a reputation for offering competitive trading conditions, including ultra-low spreads and fast execution times. The brokerage has successfully attracted over 180,000 clients globally, establishing a noteworthy presence in the forex market.

　　Assetsfx primarily serves clients interested in retail forex trading, as well as those looking to trade various financial instruments, including commodities, indices, and cryptocurrencies. The company has achieved several milestones throughout its development, such as the introduction of multiple account types to cater to different trading strategies and the implementation of advanced trading technologies.

　　In terms of its business model, Assetsfx operates on an ECN (Electronic Communication Network) and STP (Straight Through Processing) basis. This means that trades are executed directly in the market, providing clients with access to deep liquidity and ensuring minimal slippage during order execution.

2. Regulation and Compliance Information

　　Assetsfx operates under the regulatory framework of St. Vincent and the Grenadines, where it holds a registration number of 26438 BC 2021. However, it is essential to note that the regulatory environment in this jurisdiction does not require brokers to obtain a license to provide financial services. This lack of stringent oversight may raise concerns for potential clients regarding the safety and security of their funds.

　　The brokerage implements a client fund segregation policy, ensuring that client funds are held in separate accounts from the company's operational funds. This practice is crucial for protecting clients' investments in the event of financial difficulties faced by the broker.

　　Assetsfx adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures to prevent fraudulent activities and to verify the identity of its clients. This includes the requirement for clients to provide identification documents, such as a passport or national identity card, during the account opening process.

3. Trading Products and Services

　　Assetsfx offers a diverse array of trading products, catering to various trading preferences. The brokerage provides access to over 60 currency pairs, including major, minor, and exotic pairs, enabling traders to capitalize on market movements.

　　In addition to forex, Assetsfx offers a range of CFD (Contracts for Difference) products, including commodities like gold, silver, and oil, as well as indices and cryptocurrencies. The extensive product lineup allows traders to diversify their portfolios and explore different market opportunities.

　　The brokerage continually updates its product offerings to meet client demands and market trends, ensuring that traders have access to the latest instruments. Assetsfx also provides retail trading services, allowing individual traders to engage in the forex market with competitive conditions.

　　For institutional clients, Assetsfx offers tailored services, including liquidity provision and white-label solutions, allowing businesses to leverage the broker's infrastructure and technology.

4. Trading Platforms and Technology

　　Assetsfx exclusively supports the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and advanced trading capabilities. The platform is available in various formats, including desktop, web, and mobile applications for both iOS and Android devices.

　　The MT4 platform allows traders to utilize various technical analysis tools, automated trading with Expert Advisors (EAs), and access to real-time market data. The platform's robust security features ensure that traders can execute their orders with confidence.

　　While Assetsfx currently does not offer MetaTrader 5 (MT5), the MT4 platform provides a solid foundation for traders looking to engage in forex and CFD trading. The broker's servers are strategically located in the London LD4 data center, which enhances order execution speed and reliability.

　　Additionally, Assetsfx supports API access for traders interested in automated trading solutions, further enhancing the trading experience for those who prefer algorithmic strategies.

5. Account Types and Trading Conditions

　　Assetsfx offers three primary account types to cater to different trading needs:

• 　　Standard Account: Requires a minimum deposit of $10 and offers spreads starting from 1 pip. This account is suitable for traditional traders looking for classic trading conditions.

• 　　Cent Account: Designed for beginners or those looking to trade with smaller amounts, this account requires a minimum deposit of $1 and offers spreads from 2.2 pips.

• 　　ECN Account: This account type is tailored for experienced traders who require direct market access. It requires a minimum deposit of $50 and offers raw spreads starting from 0 pips, with a commission of $6 per lot.

　　All account types provide a maximum leverage of 1:500, allowing traders to amplify their positions significantly. The minimum trade size across all accounts is 0.01 lots, and the margin call level is set at 50%, with a stop-out level of 30%.

　　The brokerage also offers a demo account for traders to practice their strategies without risking real funds. This feature is particularly beneficial for novice traders looking to gain experience in the forex market.

6. Fund Management

　　Assetsfx provides a variety of deposit and withdrawal methods to facilitate smooth transactions. Clients can deposit funds using:

• Perfect Money
• Bitcoin
• Ethereum
• Ripple (XRP)
• Tether (USDT)
• Litecoin

　　The minimum deposit requirement varies by account type, with the cent account starting at $1 and the standard account requiring a minimum of $10. The processing time for deposits is generally instant, with no deposit fees charged by the broker.

　　When it comes to withdrawals, Assetsfx offers similar methods, ensuring clients can access their funds conveniently. Withdrawal requests are typically processed within 24 hours, although many transactions are completed much faster. Notably, the broker does not impose withdrawal fees, but clients may incur charges from their payment providers.

7. Customer Support and Educational Resources

　　Assetsfx prides itself on providing robust customer support, available 24/7 through various channels, including:

• Live Chat
• Email
• Phone
• Social Media Platforms (such as Facebook and Twitter)

　　While the broker offers multilingual support, the primary language for communication is English, which may limit accessibility for non-English speaking clients.

　　In terms of educational resources, Assetsfx provides a selection of materials, including trading blogs and market analysis, to assist traders in enhancing their knowledge and skills. However, the broker does not offer formal training programs or extensive educational content, which may be a drawback for novice traders seeking comprehensive learning resources.

8. Regional Coverage and Restrictions

　　Assetsfx primarily serves clients in regions where online trading is permitted, with a significant focus on markets in Asia, particularly Bangladesh, where a large portion of its clientele resides. The broker has established a regional presence in St. Vincent and the Grenadines, but it does not accept clients from the United States due to regulatory restrictions.

　　While Assetsfx aims to provide trading services to a global audience, potential clients should be aware of the specific limitations that may apply based on their location. The broker's operations are designed to comply with the legal requirements of the jurisdictions in which it operates, ensuring a reliable trading environment for its users.

　　In summary, Assetsfx presents a compelling option for traders looking for a broker that offers competitive trading conditions and a variety of financial instruments. However, the lack of regulatory oversight and limited educational resources may be considerations for potential clients when selecting a broker.