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Longasia -

No Regulation

Score

1.98 /10

Danger

Longasia

Item: Longasia
Rating: 1.98

Singapore

5-10 years

Regulated in New Zealand

Suspicious Regulatory License

MT4/5 full license

Regional Brokers

New Zealand Financial Service Corporate Revoked

Suspicious Overrun

High potential risk

http://longasiagroup.com/en/index.php

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Comparison

Quantity 25

Exposure

Open Account

Website

Score

License Index	0.00
Business Index	7.16
Risk Management Index	0.00
Software Index	7.02
Regulatory Index	0.00

The WikiFX Score of this broker is reduced because of too many complaints!

Open Account

Website

Licenses

FSPR Revoked

Financial Service Corporate

SFC Suspicious Clone

Dealing in securities

SFC Suspicious Clone

Advising on securities

ICDX Suspicious Clone

Retail Forex License

MAS Suspicious Clone

Retail Forex License

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

open now

Broker Information

Company Name

Long Asia Group Limited

Company Abbreviation

Longasia

Platform registered country and region

Singapore

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 8

Previous Detection : 2023-06-07

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The number of the complaints received by WikiFX have reached 24 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

25 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to withdraw

The withdrawal is unavailable since September.

2020-01-09 08:27

Unable to withdraw

Fraud Longasia gave no access to withdrawal, kept shirking.

Longasia only allow you to suffer losses, until your account becoming liquidated.

2020-05-06 11:35

Unable to withdraw

Both the withdrawal and website are unavailable.

In 2019, the customer service assigned blame on the audit. Now both the withdrawal and website are unavailable. It seems to have absconded. 160 thousand RMB is doomed.

2020-04-15 20:10

Unable to withdraw

Withdrawing money is unavailable in the scam platform Long Asia Group

I want to expose Long Asia Group. It defrauds investors under the cover of carry trade. I traded on the platform and gained a profit of 5,700 dollars. There are more than 23,000 dollars in my account balance, but the scam platform offers on access to withdrawing the money. Stay away from this scam platform!!! Let forex trading be a fair arena!!!

2019-09-07 13:36

Unable to withdraw

It takes me a year to withdraw funds. The customer service doesn’t reply to me

The boss has a dual identity separately in Hong Kong and mainland

2020-12-08 18:56

Unable to withdraw

The platform, with arbitrage, induced clients to invest and withholds their fund.

2020-01-13 10:59

Unable to withdraw

Cannot withdraw 42K USD

Long Asia Capital and Long Asia Group have been refusing to process my withdrawal request for more than 4 months. They are not responding to any communication. Complaing has been raised to MAS.

2020-03-08 20:26

Unable to withdraw

The withdrawal is unavailable in Longasia for 6 months.

In last August, with the excuse of arbitrage, Longasia has kept holding off time for 6 months. Longasia used to own the Singaporean license, now it has become a facade. The boss, Chen Yao, is from Hangzhou and now has set up the company Zhejiang Changmou Investment Management Co., Ltd., which located at Wantang Road. One can verify it online the identity person is the same person.

2020-04-14 18:57

Unable to withdraw

The withdrawal is unavailable for 6 months. When could it be done?

2020-07-27 16:59

Unable to withdraw

The website is disabled, let alone withdrawal.

The website is disabled, let alone withdrawal. In addition, the domain name of Longasia , www.longasia.com, seems to have been sold.

2020-06-08 11:00

Unable to withdraw

Longasia

I made a withdrawal of $32.7 into Longasia (I have deposited $4000 or so totally). As of April 9th, the customer service still kept me awaiting. Now I realized that my fund was doomed. Hope you avoid being cheated by this scam platform. Busted. Thank you.

2020-04-09 17:44

Unable to withdraw

It has been a year after the so-called withdrawals in batches. I still can’t get my withdrawals!

Longasia claimed it was investigated by the regulator for some clone firm charged margins in its name. They promised the withdrawals could be available after the investigation. And the withdrawals would arrive in batches for there are so many people withdrawing funds. However, there is no response since May 1. I operated myself and there is commission of ￥170,000. I can’t get it. And I lost all the money in my MT4 account.

2020-12-11 16:12

Unable to withdraw

The withdrawal is unavailable for one year. The platform kept holding off.

2020-05-27 19:14

Unable to withdraw

Longasia gave no access to withdrawal, saying that they were auditing due to interest arbitrage.

Longasia gave no access to withdrawal, saying that they were auditing due to interest arbitrage. Thus, the withdrawal is unavailable since September.

2020-01-15 17:02

Unable to withdraw

Unavailable withdrawal

In October, 2018, I deposited 39000 dollars into 2 accounts, namely, 601226 and 61065. In the end of 2019, there was only 10% fund in my position. I applied for the withdrawal in February, while it is yet to be received until April. Now the website is disabled.

2020-03-25 10:44

Unable to withdraw

It is a scammer

The person who introduced the attorney's fee of 500,000 yen will pay 400,000 yen and the remaining 100,000 yen will be paid at 10 am on the 17th, but the transfer will be made again. I've been billing 30,000 yen for expenses and gasoline, this time I've been billing a deposit of 30,000 yen because the bank says it's a fraud, and I've been billing 30,000 yen again, on the 17th of the promise I was supposed to make a deposit at 10am, but I haven't made a deposit, such, when I asked to pay the delinquent charge of 10,000, I said that I would make a deposit in your account, and when I confirmed it, it wasn't made.

2022-02-17 13:33

Longasia · Company summary

General Information

Long Asia Group Limited is a broker regulated by the Monetary Authority of Singapore (MAS) as well as the Securities and Futures Commission of Hong Kong (SFC), engaging in providing clients with various financial products and services.

Market Instruments

Long Asia provides investors with forex and CFD trading as well as asset management. It offers 35 currency pairs, some of which minor or exotic like USDHKD, USDSGD, USDSEK, USDTRY, USDZAR and USDCNH, as well as CFDs on oil, natural gas, silver, gold, 10 global indices and several crypto coins like Bitcoin and Ethereum.

Accounts & Leverage

There are three kinds of account types for investors to choose from at Long Asia, namely Standard, ECN and Zero. The maximum leverage is up to 1:200. The benchmark EURUSD spread floats above 1.5 pips.

Trading Platform

Long Asia provides clients with access to the worlds financial markets through the MetaTrader 4 (MT4) platform which is used by millions of traders around the globe.

Deposit & Withdrawal

Clients can deposit funds using credit/debit cards and wire transfer.

Customer Support

If clients have any questions or concerns, please email at cs@alongasialiquidity.com for consultation.

User Reviews

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Zez

more than one year

A big scammer! They don’t allow me to withdraw my rest $690 in my account after continuous losses. It has been three months. Don’t really know what to do. Who can help me?

2022-12-05 14:39

我是光，照耀你

more than one year

Friends! Keep your eyes open! Don't be fooled by Longasiar! It is a notorious broker! Many people have been scammed and exposed online. Even though they've shut down their website and platform, there's no guarantee that one day they'll come back and continue to scam others’ money.

2022-12-05 10:59

Longasia

Licenses

Contact number

Broker Information

Broker Information

Check whenever you want

Download App for complete information

WikiFX Verification

Broker Information

Exposure

Unable to withdraw

Fraud Longasia gave no access to withdrawal, kept shirking.

Both the withdrawal and website are unavailable.

Withdrawing money is unavailable in the scam platform Long Asia Group

It takes me a year to withdraw funds. The customer service doesn’t reply to me

Unable to withdraw

Cannot withdraw 42K USD

The withdrawal is unavailable in Longasia for 6 months.

The withdrawal is unavailable for 6 months. When could it be done?

The website is disabled, let alone withdrawal.

Longasia

It has been a year after the so-called withdrawals in batches. I still can’t get my withdrawals!

The withdrawal is unavailable for one year. The platform kept holding off.

Longasia gave no access to withdrawal, saying that they were auditing due to interest arbitrage.

Unavailable withdrawal

It is a scammer

Broker Information

User Reviews