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Regulated in New Zealand
Suspicious Regulatory License
MT4/5 full license
New Zealand Financial Service Corporate Revoked
High potential risk
|Risk Management Index||0.00|
Long Asia Group Limited
Platform registered country and region
Pyramid scheme complaint
The withdrawal is unavailable since September.
Longasia only allow you to suffer losses, until your account becoming liquidated.
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.
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!!!
The boss has a dual identity separately in Hong Kong and mainland
The platform, with arbitrage, induced clients to invest and withholds their fund.
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.
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.
The withdrawal is unavailable for 6 months. When could it be done?
The website is disabled, let alone withdrawal. In addition, the domain name of Longasia , www.longasia.com, seems to have been sold.
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.
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.
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. Thus, the withdrawal is unavailable since September.
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.
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.
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.
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.
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.
If clients have any questions or concerns, please email at email@example.com for consultation.
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