Anascoin

Anascoin is a forex and CFD broker that was established on 22 February 2024 and is registered in Australia. Its registered address is 121 King St, Melbourne VIC 3000, Australia. The broker's official website is anascoin.com, which presents it as a global multi-regulated broker offering a wide range of financial instruments. However, FXCanary's records indicate that no regulatory licences are currently on file for this entity, meaning it operates without oversight from any known financial authority.

The broker claims to cater to both retail and institutional clients, including asset managers, fund managers, and introducing brokers. While the website states it is 'multi-regulated,' no specific regulators are named, and our independent verification found no corresponding registrations. This discrepancy is a significant point for potential traders to consider.

Anascoin offers five distinct account tiers designed to accommodate traders with varying capital levels. The entry-level Tier 1 account requires a minimum deposit of $100, making it accessible for beginners. Tier 2 requires $1,000, Tier 3 $5,000, Tier 4 $10,000, and the PRO account demands a substantial $25,000 minimum deposit.

Notably, the maximum leverage for each account type is not disclosed on the website or in our records. This lack of transparency around leverage—a key risk factor in leveraged trading—raises concerns. Traders typically rely on leverage information to assess potential exposure, and its absence is a red flag.

According to the broker's website, Anascoin provides access to currencies, stocks, commodities, and indices. This range is typical for a retail FX/CFD broker, though the specific number of instruments or available asset classes is not detailed. The website does not mention any proprietary trading platform, but the login portal at app.anascoin.com suggests a web-based interface.

The lack of information about popular third-party platforms like MetaTrader 4 or 5, or cTrader, may limit appeal to experienced traders who prefer familiar tools. Additionally, no information on charting capabilities, order types, or algorithmic trading support is available.

Anascoin prominently promotes cryptocurrency deposits, accepting Bitcoin, Ethereum, Tether (USDT), USDC, Binance Coin, and Solana. The minimum crypto deposit is $50, and transactions are processed through blockchain networks (ERC20 for Ethereum tokens and TRC20 for Tron). The website includes a step-by-step generator for wallet addresses and QR codes.

However, no mention is made of traditional fiat deposit methods such as bank transfers, credit/debit cards, or e-wallets. Withdrawal policies and processing times are also not disclosed. The exclusive focus on crypto funding may be attractive to some traders but could also indicate limited banking relationships or an intention to operate with less transparency.

Our records show that Anascoin is not regulated by any financial authority. The broker's own website claims to be 'multi-regulated,' but does not specify which regulators, and we were unable to verify any licences. This lack of regulatory oversight means that traders do not have access to typical protections such as segregated client accounts, compensation schemes, or dispute resolution mechanisms.

FXCanary's Scam Risk Score for Anascoin is 49 out of 100, classified as 'Guarded.' This score reflects the high uncertainty due to the absence of regulation, limited track record (founded only in 2024), and incomplete information on key trading terms. Traders should exercise extreme caution and consider the risks of depositing funds with an unregulated entity.

The website provides a login portal but no obvious customer support channels such as live chat, phone numbers, or email addresses are visible on the publicly accessible pages. The © copyright notice on the login page dates to 2026, which is inconsistent with the company's 2024 founding date—possibly a placeholder or indication of a hastily built site.

The registered address in Melbourne is a commercial location, but without regulatory verification, its legitimacy as a physical office is uncertain. Overall, the broker appears to prioritise crypto onboarding while lacking traditional transparency measures expected by cautious traders.