AssetShot Forex Broker

AssetShot Forex Broker - Comprehensive Information Guide

1. Broker Overview

　　AssetShot, officially registered as AssetShot LLC, was founded in 2021 and is headquartered in Kingstown, Saint Vincent and the Grenadines. This broker operates as a private entity under the ownership of Jess Group LLC, which provides a range of trading services primarily focused on retail forex and contracts for difference (CFDs).

　　The company aims to cater to a diverse clientele, including individual retail traders from various international markets. AssetShot has positioned itself to appeal to traders seeking competitive trading conditions and a wide selection of financial instruments. Since its inception, the broker has focused on building a user-friendly trading environment supported by the popular MetaTrader 4 (MT4) platform.

　　In terms of its business model, AssetShot operates as a multi-asset broker, providing access to a variety of trading instruments that include currency pairs, indices, commodities, and shares. The firms development has been marked by efforts to establish a reputation in the competitive online trading landscape, with a commitment to offering transparent pricing and effective customer support.

2. Regulation and Compliance Information

　　AssetShot operates without a prominent regulatory framework, as it is registered in Saint Vincent and the Grenadines, a jurisdiction known for its lack of stringent financial regulations. As of now, there are no specific regulatory bodies overseeing AssetShot, which raises significant concerns regarding investor protection.

　　The broker does not provide a regulatory license number, and its operations fall under the jurisdiction of an International Business Company (IBC) without any regulatory oversight for forex trading. This lack of regulation implies that clients' funds are not guaranteed, and there are no provisions for investor compensation in the event of financial disputes.

　　Furthermore, AssetShot is required to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations as part of its operational policies. However, the absence of a regulatory authority means that enforcement of these measures may not be as rigorous as in regulated jurisdictions.

3. Trading Products and Services

　　AssetShot offers a diverse array of trading products, making it appealing to various traders. The broker provides access to over 60 currency pairs, including major, minor, and exotic pairs. In addition to forex, AssetShot also offers CFDs on a range of asset classes, including:

• Indices: Clients can trade CFDs on major global indices, such as the S&P 500 and NASDAQ.
• Commodities: Trading options include precious metals like gold and silver, as well as energy products such as crude oil.
• Shares: AssetShot allows trading on CFDs for major stocks from various markets, including US, European, and Asian companies.
• Futures: The broker also provides futures contracts for various commodities and indices.

　　The frequency of product updates and the introduction of new instruments is not explicitly stated in available resources, suggesting that traders should keep an eye on the broker's announcements for changes.

　　For retail clients, AssetShot focuses on providing a straightforward trading experience, while institutional services are not prominently advertised. The broker does not currently offer white-label solutions or asset management services.

4. Trading Platform and Technology

　　AssetShot exclusively utilizes the MetaTrader 4 (MT4) platform, a widely respected trading platform recognized for its robust features and user-friendly interface. The platform supports various trading functions, including:

• Web-based trading: Users can access their accounts through a web browser without the need for software installation.
• Mobile trading: The MT4 mobile application is available for both iOS and Android devices, allowing traders to manage their accounts on the go.
• Automated trading: The platform supports expert advisors (EAs), although this feature is only available for premium account holders.

　　The execution model employed by AssetShot is Straight-Through Processing (STP), which ensures that trades are executed at market prices without dealer intervention. The broker claims to have established connections with deep liquidity providers to enhance order execution speed and minimize requotes.

　　While the MT4 platform is well-regarded, the absence of the more advanced MetaTrader 5 (MT5) may be a drawback for some traders seeking additional features and tools. The technical infrastructure supporting the platform, including server locations, is not explicitly detailed in available resources.

5. Account Types and Trading Conditions

　　AssetShot offers four distinct account types, each with varying minimum deposit requirements and trading conditions:

• Bronze Account: Minimum deposit of $250, spreads starting from 2.8 pips, and leverage up to 1:100.
• Silver Account: Requires a minimum deposit of $2,000, with spreads starting from 2.5 pips, and leverage up to 1:200.
• Gold Account: Minimum deposit of $10,000, spreads beginning at 1.5 pips, and leverage up to 1:300.
• Platinum Account: Requires a minimum deposit of $50,000, with spreads as low as 0.1 pips, and leverage up to 1:400.

　　All accounts are commission-free, and there are no additional fees for deposits or withdrawals. The minimum trade size across all account types is 0.01 lots, and there are no restrictions on the number of open positions. However, overnight fees may apply, and the specifics of these costs are not disclosed.

6. Fund Management

　　AssetShot supports several funding methods for account deposits, including:

• Bank transfer
• Credit and debit cards (Visa, Mastercard)
• E-wallets (details not specified)

　　The minimum deposit requirement varies by account type, starting at $250 for the Bronze account and increasing for higher-tier accounts. Deposit processing times are generally quick, with credit card transactions typically completed within 24-48 hours.

　　AssetShot does not impose any fees for deposits or withdrawals, although third-party banking intermediaries may charge their own fees. Withdrawal requests are processed automatically, but specific details regarding withdrawal limits and processing times are not elaborated upon in available resources.

7. Customer Support and Educational Resources

　　AssetShot offers multiple channels for customer support, including:

• Phone support: +442045252214
• Email support: support@assetshot.com
• Live chat: Currently unavailable, but may be in development.

　　Customer service operates from Monday to Friday, covering typical trading hours. The broker claims to provide multilingual support, although specific languages offered are not detailed.

　　In terms of educational resources, AssetShot does not appear to have a comprehensive suite of materials such as webinars, tutorials, or e-books. Market analysis services, including daily updates and research reports, are also not prominently featured. However, traders can receive assistance from their personal account managers, who may provide guidance and insights.

8. Regional Coverage and Restrictions

　　AssetShot operates primarily as a global broker, targeting clients from various regions. However, it does not accept clients from the United States due to regulatory restrictions.

　　The broker serves clients in multiple countries, including Canada, the Netherlands, and Sweden, among others. Specific details regarding regional offices are not disclosed, but the firm maintains a registered address in Saint Vincent and the Grenadines.

　　In summary, while AssetShot presents itself as a multi-asset broker with attractive trading conditions, potential clients should exercise caution due to the lack of regulation and mixed reviews regarding the broker's trustworthiness and operational practices.