Long Asia 2025 Review: Everything You Need to Know
Long Asia has garnered significant attention in the forex trading community, but not all of it is positive. This review synthesizes various sources to provide a comprehensive overview of the broker's reputation, user experiences, and operational details. Key findings indicate that while Long Asia offers a range of trading services, it is marred by serious concerns regarding regulatory compliance and user trust.
Note: It is essential to recognize that Long Asia operates across different jurisdictions, including New Zealand and offshore entities. This complicates its regulatory status and raises questions about the safety of client funds.
Rating Summary
We score brokers based on user feedback, expert analysis, and the transparency of their operations.
Broker Overview
Founded in 2017, Long Asia claims to provide a robust trading environment through its online platform. It primarily utilizes the popular MetaTrader 4 (MT4) trading platform, allowing users to trade various asset classes, including forex, commodities, and cryptocurrencies. However, the broker's regulatory status is questionable, with no clear oversight from major financial authorities. The broker operates under multiple entities, which adds to the complexity of its legitimacy.
Detailed Breakdown
Regulatory Status
Long Asia is reportedly registered in New Zealand, but its regulatory status is convoluted. While it claims to be regulated by the Financial Markets Authority (FMA) in New Zealand, there are significant warnings from the Monetary Authority of Singapore (MAS) regarding its operations. Multiple reports indicate that the broker is unregulated, which poses a high risk for investors (source).
Deposit/Withdrawal Options
Long Asia offers a variety of deposit and withdrawal options, including credit/debit cards, bank wire transfers, and cryptocurrencies like Tether. However, user reviews frequently highlight issues with withdrawals, with many traders reporting delays and outright refusals to process withdrawal requests (source).
Minimum Deposit
The minimum deposit required to open a trading account with Long Asia varies across sources, with some stating it is as low as $10, while others mention a minimum of $300 for certain account types. This inconsistency raises further questions about the broker's transparency and reliability (source).
Long Asia does not appear to offer any significant bonuses or promotions, which is often a red flag for potential scams. Legitimate brokers typically provide clear terms for any bonuses offered, but Long Asia's lack of such offerings may indicate a focus on other revenue streams (source).
Tradable Asset Classes
The broker allows trading in a range of asset classes, including forex pairs, commodities, and cryptocurrencies. However, it does not offer contracts for difference (CFDs) on stocks or indices, which limits the trading options available to clients (source).
Costs (Spreads, Fees, Commissions)
Long Asia's spreads are reported to be variable, with some users citing average spreads around 1.3 pips for major pairs. However, the overall trading costs can be inflated due to hidden fees and commissions, particularly for certain account types (source).
Leverage
The maximum leverage offered by Long Asia is up to 1:500, which significantly exceeds the legal limits set by regulators in many jurisdictions. While high leverage can amplify profits, it also increases the risk of substantial losses, making it a double-edged sword for traders (source).
Long Asia primarily uses the MT4 platform, which is widely regarded for its user-friendly interface and advanced trading capabilities. However, the lack of support for Mac users and potential malware risks associated with the platform have been noted (source).
Restricted Regions
Long Asia appears to target traders from various regions, including Asia and Europe. However, given its questionable regulatory status, traders from highly regulated jurisdictions should exercise caution when considering this broker (source).
Available Customer Service Languages
Customer support is reportedly limited, with users primarily able to reach out via email. The lack of live chat or phone support has been criticized, particularly in light of the numerous complaints regarding withdrawal issues and slow response times (source).
Conclusion
In summary, Long Asia presents a mixed bag for potential traders. While it offers some appealing features, such as low minimum deposits and access to the MT4 platform, the numerous complaints about withdrawal issues, lack of regulation, and overall trustworthiness raise significant red flags. Investors are strongly advised to conduct thorough research and consider more reputable, regulated alternatives before committing any funds.
