Note: Since AssetGroups official site (https://assetgroup.io/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.
General Information & Regulation
AssetGroup, a trading name of Widdershins Group Ltd, is allegedly an unregulated and blacklisted forex broker registered in Dominica that claims to provide its clients with a variety of tradable assets with flexible leverage up to 1:200 and variable spreads from 0.3 pips on the MetaTrader4 and web-based trading platforms, as well as a choice of four different account types.
Market Instruments
AssetGroup advertises that it mainly offers four different asset classes in financial markets, including forex currency pairs, shares, commodities and cryptocurrencies.
Account Types
There are four live trading accounts offered by AssetGroup, namely Micro, Mini, Macro and Maxi. Opening a Micro account requires the minimum initial deposit amount of $250, while the other three account types have much higher minimum initial capital requirements of $1,500, $10,000 and $25,000 respectively.
Leverage
Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Micro account can experience a leverage of 1:50, the Mini account has a leverage of 1:75, the Macro account has a leverage of 1:100 and only the Maxi account can enjoy the maximum leverage of 1:200.
Spreads
AssetGroup claims that different account types can enjoy quite different spreads. Specifically, the spread on the Micro account is 1.5 pips, on the Mini account is 1.3 pips, on the Macro account is 1.0 pips, while on the Maxi account is as low as 0.3 pips. However, as shown on the web MT4, the spread on the benchmark EUR/USD pair is 2 pips.
Trading Platform Available
Platforms available for trading at AssetGroup are the industry-standard MetaTrader4 and web-based trading platforms. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
It seems that AssetGroup works with bank transfers, credit/debit cards and some alternative payment methods. The minimum initial deposit requirement is said to be $250. The broker states that it is not committed to any time frame regarding withdrawals and that additional charges may be imposed on both deposits and withdrawals. The processing time for withdrawals is said to be between 4 to 7 days.
Bonuses & Fees
AssetGroup does offer some bonuses, however, the bonus can only be withdrawn when the trading volume of (bonus amount+deposit) times 25 is achieved. There is also an inactivity fee charged by the broker.
Customer Support
AssetGroup‘s customer support can be reached by email: compliance.en@assetgroup.com. Company address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.
2023-03-24 12:18
