AssetsFX

AssetsFX is an online brokerage that presents itself as a multi-asset trading platform offering forex, commodities, indices, cryptocurrencies, and stocks. The broker was registered in Mauritius in November 2022, though its marketing materials claim a history dating back to 2013. The firm operates under the legal entity Assets Global Ltd and lists a physical presence in both Mauritius and Cyprus.

The broker's primary offering is leveraged trading via MetaTrader 4 and MetaTrader 5 platforms. It targets a wide range of traders from beginners to professionals with a tiered account structure. According to its website, it has accumulated over 185,000 clients, a figure that cannot be independently verified. The broker's registration in Mauritius places it outside the jurisdiction of major financial regulators, and it has no verified regulatory oversight.

As of the time of this review, AssetsFX holds no regulatory license from any recognized financial authority. The broker is registered as a Global Business Company in Mauritius under registration number 197266 GBC, but this registration does not equate to financial regulation. Mauritius is known for having a relatively relaxed regulatory environment for forex brokers, and the absence of oversight from bodies like the FCA, CySEC, or ASIC is a significant risk factor for traders.

The broker's risk score on FXCanary's assessment scale is 75 out of 100, indicating a severe level of risk. This score reflects the lack of regulation, limited transparency, and promotional practices common among unregulated brokers. Potential clients are urged to exercise extreme caution and consider the risks of trading with an unregulated entity.

AssetsFX offers four live account types: Standard, ECN, ECN Pro, and ZERO ECN. The Standard account requires a $10 minimum deposit, making it accessible to beginners. It features commission-free trading with spreads from 1 pip and leverage up to 1:1000. The ECN account at $50 offers tighter spreads from 0.01 pips but charges a $3 commission per lot. The ECN Pro account, with a $1,000 minimum, provides spreads from 0.0 pips and a commission of $2 per lot.

The top-tier ZERO ECN account requires a $5,000 deposit and offers zero commission with spreads from 0.0 pips but restricts leverage to 1:200. All accounts allow a minimum lot volume of 0.01 and a maximum of 500 lots. The high maximum leverage of 1:1000 on most accounts amplified both potential profits and losses, making them suitable only for experienced traders with robust risk management strategies.

AssetsFX provides the industry-standard MetaTrader 4 and MetaTrader 5 platforms, which are available for Windows, Mac, Web, iOS, and Android. These platforms offer features such as Expert Advisors (EAs) for automated trading, one-click trading, real-time quotes, and advanced charting tools. The broker also mentions a WebTrader version for browser-based trading.

The broker promotes its ECN/STP execution model, claiming no dealing desk intervention and fast execution speeds of 0.1 seconds. It asserts that it aggregates liquidity from major banks to provide competitive pricing. However, as with all unregulated brokers, the actual execution quality cannot be independently verified.

AssetsFX accepts deposits and withdrawals primarily through cryptocurrencies. The listed deposit methods include Bitcoin, Ethereum, Tether, Tron, Ripple, Cardano, Litecoin, Dash, and Monero, all processed instantly with zero fees. For withdrawals, the broker mentions Paytm and Google Pay in addition to crypto, with processing times stated as within 24 working hours.

The reliance on cryptocurrency for funding is notable, as it adds an extra layer of anonymity and potential volatility. While the broker claims fast and fee-free transactions, the lack of regulated banking partnerships may present risks regarding fund security and withdrawal reliability.

The broker's website provides contact via email (info@assetsfx.com) and a Cyprus-based phone number (+357 2525 1492). It also maintains social media profiles on Facebook, Instagram, LinkedIn, YouTube, Telegram, and X (formerly Twitter). Live chat support is visible on the website. Educational offerings appear limited, with no dedicated section for webinars, courses, or tutorials identified on the site.

Customer support is crucial for resolving trading issues, and the broker's disclosure of a Cyprus phone number is somewhat inconsistent with its Mauritius registration. Traders should test support responsiveness before committing funds.