LONG ASIA Broker Review: Is It Safe for Traders?

Contents

01

Long Asia Broker Overview

02

Long Asia Regulation & Licenses

03

Trading Accounts and Conditions

04

Overall Assessment of Long Asia Broker

Long Asia Broker Overview

Long Asia, also known as Long Asia Group Ltd, presents itself as a forex and CFD broker offering access to multiple financial markets. According to its WikiFX profile, the company is registered in Saint Vincent and the Grenadines and lists its business address as Beachmont Business Centre, Suite 439, Kingstown.

However, the broker has attracted regulatory concerns. WikiFX currently assigns Long Asia a score of 1.46 out of 10, labels its regulatory status as unverified and warns that no forex trading licence has been found. The profile also carries warnings for a questionable regulatory licence, a suspicious operational region and high potential risk. These factors warrant careful consideration before investors deposit funds.

▶ Have you traded with LONG ASIA broker? Share your reviews and experiences on WikiFX: https://www.wikifx.com/en/dealer/1484316832.html. Your feedback could help other investors make more informed decisions.

Long Asia Regulation & Licenses

The regulatory status is the most important issue in this Long Asia review. WikiFX lists several regulatory records associated with different legal entities, but they do not establish that the broker holds a valid forex trading licence.

In the United States, WikiFX lists an active FinCEN Money Services Business registration for LONG ASIA GROUP NZ LIMITED under registration number 31000284640852. However, a FinCEN MSB registration is not equivalent to a forex broker licence and does not independently authorize derivatives trading.

The Canadian record for LONG ASIA GROUP NZ LIMITED is a FINTRAC currency exchange MSB registration, number M21245696, marked revoked. In Australia, the ASIC appointed representative record for LONGASIAGROUPS NZ PTY LTD, number 001303060, is also marked revoked.

Meanwhile, the South African Financial Sector Conduct Authority record for SCAP BROKER (PTY) LTD, number 53197, is listed as unverified. Investors should not assume that a registration or licence associated with one entity automatically covers another company operating under the Long Asia name.

Therefore, the available Long Asia regulation information does not demonstrate that the broker holds a valid forex trading licence. Investors should verify each legal entity and its authorization directly with the relevant regulator.

Trading Accounts and Conditions

WikiFX lists three account types: ECN, Standard and Cent. The ECN and Standard accounts require a minimum deposit of $100, while the Cent account starts at $10. All three list maximum leverage of 1:500 and a minimum trade size of 0.01 lot.

The ECN account advertises spreads from 0.0 pips and a commission of $8 per lot. The Standard and Cent accounts list zero commission, although their minimum spreads are not specified in the account information.

WikiFXs company summary describes access to more than 2,100 instruments, including forex, precious metals, commodities, index CFDs and cryptocurrencies. It also lists demo accounts and MetaTrader 4. However, the platform information elsewhere on the profile is incomplete, so prospective clients should confirm the available trading software directly.

Overall Assessment of Long Asia Broker

Long Asia broker offers several account options, a relatively low minimum deposit and high advertised leverage. Nevertheless, the Long Asia broker profile raises substantial regulatory concerns.

With a WikiFX Score of 1.46, no forex trading licence identified and several regulatory records marked revoked or unverified, the broker requires careful due diligence. Anyone considering broker Long Asia should verify the applicable legal entity, confirm its authorization and understand the risks before committing funds.