AssetsFX

Overview of AssetsFX

Founded in 2013 and headquartered in Mauritius, AssetsFX is an unregulated broker that offers trading services in forex and CFDs. The brokerage provides various trading instruments including forex pairs, commodities, indices, cryptocurrencies, and stocks. AssetsFX appeals to different types of traders by offering a variety of account types ranging from the entry-level CENT account, requiring a minimum deposit of just $1, to the premium ZERO ECN account which requires $5,000 to start. Accounts boast competitive leverage up to 1:500 and spreads starting from 0.0 pips on ECN accounts.

Pros and Cons

Is AssetsFX Legit or a Scam?

Operating under the regulation of the Financial Services Commission (FSC) of Mauritius, ASSETS GLOBAL LTD is a licensed retail forex broker. The company was granted license number GB23201811 on May 3, 2024, to provide retail forex trading services.

Market Instruments

• Forex: AssetsFX offers competitive spreads on major currency pairs including EURUSD (0.1 spread), GBPUSD (0.1 spread), and USDJPY (0.2 spread), appealing to forex traders looking for tight spreads on major pairs.
• Commodities: Traders have the opportunity to trade in commodities such as Gold (XAUUSD) and Oil (UKOUSD & USOUSD), with very low spreads (0.4 and 0.1 respectively), making it an attractive option for commodity traders.
• Indices: The brokerage provides access to a range of global indices including NAS100, SPX500, and US30 with relatively low spreads which vary from 3 to 12.5, appealing to those interested in index trading.
• Cryptocurrencies: Cryptocurrency traders can trade popular digital currencies like Bitcoin (BTCUSD) and Ethereum (ETHUSD), although spreads can be high (163.7 for Bitcoin).
• Stocks: AssetsFX offers trading on a variety of stocks, enabling traders to participate in the equity markets. The availability of stock trading adds another layer to AssetsFXs portfolio.

Account Types

This broker offers five trading accounts, namely:

1. CENT Account

• Minimum Deposit:$1
• Leverage: 1:500
• Spread: Starts from 2.2 pips
• Commission: No commission
• Features: Created for beginners or those testing new strategies with minimal risk.

2. STANDARD Account

• Minimum Deposit:$10
• Leverage: 1:500
• Spread: Starting from 1 pip
• Commission: No commission
• Features: Suitable for regular traders who prefer a straightforward trading environment without commissions.

3. ECN Account

• Minimum Deposit: $50
• Leverage: 1:500
• Spread: Starting from 0.0 pip
• Commission: $3 per lot per side
• Features: Appeals to experienced traders looking for low spreads and direct market access with some commission cost.

4. ECN PRO Account

• Minimum Deposit:$1000
• Leverage: 1:500
• Spread: Starting from 0.0 pip
• Commission: $2 per lot per side
• Features: Targets professional traders who trade large volumes and require the lowest possible spreads and lower commissions.

5. ZERO ECN Account

• Minimum Deposit: $5000
• Leverage: 1:200
• Spread: Starting from 0.0 pip
• Commission: No commission
• Features: Best suited for high-volume traders who can trade with no commission charges and reduced leverage for potentially larger positions.

How to Open an Account with AssetsFX?

1. Website Navigation: Go to the AssetsFX official site and click the 'Open Account or 'Start Trading' button.

1. Registration: Fill in the registration form with your details such as name, email, and phone number, and select the type of trading account you wish to open.

1. Verification: Complete the form by providing required identification documents to verify your identity. This is important for ensuring the safety and security of your account.
2. Deposit: Fund your account using one of the several methods available, including cryptocurrencies and various direct transfer options.
3. Begin Trading: With your account funded, you are ready to trade. AssetsFX offers over 150 different instruments and access to popular platforms like MT4 and MT5.

Leverage

The leverage can reach up to 1:500 for the CENT, STANDARD, and ECN accounts. For traders looking for lower risk exposure, the ZERO ECN account offers a reduced leverage of 1:200.

Spreads & Commissions

The CENT and STANDARD accounts have no commissions, with spreads starting from 2.2 and 1 pip respectively, suitable for casual and new traders. The ECN, ECN PRO, and ZERO ECN accounts appeal to more advanced traders offering raw spreads from 0.0 pip and low commissions - $3 for ECN, $2 for ECN PRO, and no commission for ZERO ECN.

Trading Platform

AssetsFX provides the MetaTrader 4 and MetaTrader 5 platforms, which support a broad range of devices including Windows, MAC, Android, iOS, and web browsers. This multi-platform availability ensures that traders can access their trading accounts and execute trades from virtually anywhere.

Deposit & Withdrawal

Deposit Methods:

• Perfect Money: Instant processing, no commission.
• Local Transfer: Within 1 business day, no commission.
• Cryptocurrencies: Includes Bitcoin, Ethereum, Litecoin, Ripple, Monero, Cardano, Dash, Tron, and more, all with instant processing and no commission.
• Digital Payments: Tether (USDT-TRC20 and USDT-ERC20), no commission, instant processing.
• Other Wallets: Paytm, PhonePe, Gpay, Upi, also with instant processing and no commission.

Withdrawal Methods:

• Perfect Money: Within 24 working hours, no commission.
• Local Transfer: Within 24 working hours, no commission.
• Cryptocurrencies: Includes Bitcoin, Ethereum, Litecoin, Ripple, Monero, Cardano, Dash, Tron, and more, all processed within 24 working hours with no commission.
• Digital Payments: Tether (USDT-TRC20 and USDT-ERC20), no commission, processed within 24 working hours.
• Other Wallets: Paytm, PhonePe, Gpay, Upi, also processed within 24 working hours and no commission.

Customer Support

• Office

59 Dimitriou Kitrou, DAKA BUILDING, 4102 Agios Athanasios, Limassol,Cyprus

• Call Us

+35725251492

MON-FRI, 10AM-7PM

• Email Address

info@assetsfx.org

cs@assetsfx.org

• A contact form and online live chat are provided for traders to send messages.

Conclusion

AssetsFX, founded in 2013 in Mauritius, facilitates trading across a comprehensive selection of securities such as forex, indices, and cryptocurrencies. The broker's account offerings range from the beginner-friendly CENT account to the advanced ZERO ECN account, each providing beneficial leverage options and competitive spreads to accommodate various trader needs.

FAQs

What account types are available at AssetsFX?

AssetsFX offers various accounts including CENT, STANDARD, ECN, ECN PRO, and ZERO ECN, tailored to different trader requirements and capital commitments.

What's the minimum deposit for starting an account at AssetsFX?

Minimum deposits at AssetsFX start at $1 for the CENT account, reaching up to $5000 for the ZERO ECN account.

Which trading platforms does AssetsFX use?

The broker provides MetaTrader 4 and MetaTrader 5 platforms, supporting a wide array of trading strategies and preferences.

How can I deposit and withdraw funds at AssetsFX?

Multiple methods are supported for both deposits and withdrawals at AssetsFX, including cryptocurrencies and e-wallets, generally processed within 24 hours without fees.