Assexmarkets

Assexmarkets is a Saint Lucia-based retail forex and CFD broker that launched in February 2025. It operates from a registered address in Rodney Bay, Gros-Islet, and offers trading in forex, metals, cryptocurrencies, energies, and indices. The broker is not regulated by any known financial authority, which FXCanary classifies as a severe risk factor.

Despite its recent establishment, Assexmarkets claims to have over 100,000 active traders and presents itself as a global broker with fast execution and low costs. Its website is modern and functional but lacks verifiable regulatory information, a critical omission for trader protection.

Assexmarkets does not hold any regulatory licenses from reputable bodies such as the FCA, CySEC, or ASIC. Our records show no regulators on file, and the broker’s own website vaguely mentions 'multiple regulatory licenses' without specifics. This absence of oversight means traders have no recourse to a compensation scheme or ombudsman in case of disputes.

Saint Lucia registration is not a financial regulator; it merely provides company incorporation. FXCanary’s Scam Risk Score of 75/100 (Severe) reflects the high risk associated with unregulated brokers, particularly those with unlimited leverage offerings.

Assexmarkets offers two live account tiers: Standard Cent (minimum deposit $10) and Standard (minimum deposit $100). Both accounts feature unlimited maximum leverage, a highly risky proposition that can amplify losses. The broker claims these accounts are commission-free and suit a range of traders from beginners to experienced.

No demo account details were found, though the website prompts visitors to try a free demo. The unlimited leverage is a notable red flag, as it goes far beyond the caps enforced by regulated brokers (typically 1:30 for retail clients in Europe).

The broker offers MetaTrader 5 (MT5), a widely used platform for forex and CFD trading. MT5 provides advanced charting, automated trading via Expert Advisors, and access to multiple asset classes. Assexmarkets also lists a 'Raw Spread Trading' option and a 'Leverage Plus' feature, though details are sparse.

Instrument coverage includes forex pairs, metals, cryptocurrencies, energies, and indices, all offered as CFDs. This range is typical for retail CFD brokers, but the lack of regulation means pricing and execution transparency cannot be independently verified.

Assexmarkets promotes zero trading fees, claiming it covers all third-party costs. The deposit and withdrawals page was not accessible in full, but typical methods may include bank wire, credit cards, and e-wallets. Unlimited leverage is advertised, which is extremely uncommon in regulated markets.

While 'zero fees' sounds attractive, unlimited leverage often offsets this with high risk. Traders should be cautious: unregulated brokers can change fee structures arbitrarily, and spreads may be wider than advertised.

The broker appears to target retail traders globally, particularly those seeking high leverage and low initial deposits. The Standard Cent account is designed for beginners with small capital, while the Standard account suits more active traders. However, the lack of regulation and Saint Lucia base may appeal primarily to traders in jurisdictions with limited local oversight.

Given the unlimited leverage and unregulated status, Assexmarkets is not suitable for risk-averse traders or those requiring robust investor protection. It may attract speculators comfortable with high risk and minimal accountability.

Assexmarkets was incorporated in Saint Lucia on February 13, 2025, making it a very new entity. Its registered address is Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, a common location for offshore broker setups. The company description states it is an unregulated broker, which is confirmed by our records.

Newness and offshore registration are not inherently fraudulent, but they heighten risk. Many fraud brokers operate from similar jurisdictions with lax oversight. Traders should scrutinize the broker’s history and consider starting with minimal deposits if they choose to trade.