Longasia

Longasia is a forex and CFD broker established in 2017 and based in Singapore. The company operates under the full legal name Long Asia Group Limited. It is part of a group of entities that include Long Asia Capital and Long Asia Group, which have been mentioned in user reviews. The broker primarily targets retail traders in Asian markets, offering online trading services. Despite being founded several years ago, the broker maintains a low profile in terms of public disclosures about its operations and team.

Longasia claims regulation from two bodies: the Indonesia Commodity and Derivatives Exchange (ICDX) and the Monetary Authority of Singapore (MAS). The MAS license (CMS100756-1) is for Market Making activities. However, regulatory status from these authorities is not clearly publicized. Traders should verify these claims directly with the respective regulators to ensure the broker remains in good standing. The presence of multiple licenses suggests the broker aims to appear credible, but actual oversight may vary.

Information on the specific trading instruments offered by Longasia is not publicly disclosed in the available data. Typically, brokers of this type provide forex pairs, commodities, indices, and cryptocurrencies. However, without official documentation, it is unclear exactly which markets are accessible. Traders interested in specific instruments are advised to contact the broker directly for a list of tradable assets.

Details about account types, including minimum deposits, leverage, spreads, and commissions, are not available from the provided data. Potential clients should expect that account offerings may vary by region and deposit amount. The lack of transparency on these critical details is a concern for traders who need to compare costs and conditions before opening an account.

Longasia likely accepts deposits via bank transfer and possibly cryptocurrencies, based on user reports mentioning USDT. Withdrawal methods and processing times are not officially stated. However, a significant number of user reviews indicate severe delays and outright refusals to process withdrawals, which should be a major consideration for any trader evaluating this broker.

The broker appears to target retail traders in Asia, with a particular focus on the Singaporean and Indonesian markets, given its regulatory claims. However, the high volume of complaints suggests that the actual user experience may not meet expectations for most traders. Novice traders or those seeking a reliable, regulated broker would be better suited elsewhere.