AssetsFX

AssetsFX is a retail forex and CFD broker that was established in Mauritius in November 2022, though its website claims a history dating back to 2013. The broker operates under the company Assets Global Ltd. and is registered at Level 6 Ken Lee Building, 20 Edith Cavell Street, Port Louis, Mauritius. It provides online trading services across multiple asset classes, including forex, commodities, indices, cryptocurrencies, and stocks.

Despite its global client base, AssetsFX is not regulated by any known financial authority. This absence of regulatory oversight is a significant concern for traders who prioritize investor protection and fund security. The broker's registration in Mauritius does not imply a regulatory license, and it does not claim to be regulated by any major body.

AssetsFX offers four distinct account types designed to cater to different trader profiles. The Standard account, with a minimum deposit of $10 and no commission, is aimed at beginners. The ECN account requires $50 and charges a $3 commission per lot, appealing to traders seeking tighter spreads. The ECN Pro account, at $1,000, offers even lower spreads and a $2 commission. For high-volume traders, the ZERO ECN account demands a $5,000 minimum deposit and features zero commission with spreads from 0.0 pips.

Leverage varies by account: up to 1:1000 for Standard, ECN, and ECN Pro accounts, but limited to 1:200 for ZERO ECN. These leverage levels are extremely high, particularly for unregulated brokers, and carry substantial risk of rapid losses.

The broker supports the widely-used MetaTrader 4 and MetaTrader 5 platforms, available on desktop, web, and mobile devices. These platforms provide advanced charting, real-time quotes, and support for Expert Advisors (EAs) for algorithmic trading. AssetsFX also offers a WebTrader for browser-based access. The broker emphasizes fast execution speeds (0.1 seconds) and a no-dealing-desk execution model, but these claims cannot be independently verified without regulatory oversight.

AssetsFX promotes fee-free deposits and withdrawals, with instant processing for deposits. Funding methods are limited to cryptocurrencies, including Bitcoin, Ethereum, Tether, and several others. Withdrawals are available via Paytm and Google Pay, with a stated processing time of 24 working hours. The broker also advertises swap-free (Islamic) accounts and a 30% deposit bonus. However, the use of crypto-only funding and the lack of traditional payment methods may raise concerns about transparency and accessibility.

FXCanary’s Scam Risk Score for AssetsFX is 75 out of 100, indicating a severe risk level. This rating is driven primarily by the lack of regulatory oversight. Unregulated brokers offer no recourse for traders in cases of dispute, fraud, or insolvency. The high leverage (up to 1:1000) and aggressive marketing of bonuses further contribute to the risk profile. While the broker makes numerous claims about reliability and execution quality, the absence of independent verification means traders should approach with extreme caution.