Longasia Deposit & Withdrawal

FXCanary's investigation into Longasia—operating as Long Asia Group Limited—has placed the broker in our 'Severe' risk category with an 85/100 Scam Risk Score. Funding operations lie at the heart of this rating. While the broker appears to accept deposits with ease, an overwhelming chorus of user reports reveals a systematic pattern of blocked and delayed withdrawals. For traders considering depositing funds, the evidence demands extreme caution.

We examined 14 user reviews on Trustpilot, where Longasia holds a 2.6/5 rating, along with other aggregated industry feedback. Out of 42 withdrawal-related complaints on file, only one reviewer reported a positive experience. The remaining 41 detail frozen accounts, ignored requests, and excuses that stretch for months—classic hallmarks of a funding trap.

Longasia does not publicly disclose its deposit methods, minimums, or funding fees. From user accounts, we know that crypto transfers—particularly USDT—are accepted, and some reviews reference fiat deposits in RMB. This opacity is a red flag: legitimate brokers transparently list their funding options, processing times, and any associated costs. At Longasia, traders deposit into a black box.

The experience of depositing appears frictionless, with no complaints about difficulties funding accounts. This smooth entry is typical of schemes designed to build trust before the real problems begin. Once funds are inside, traders quickly discover that getting them out is another matter entirely.

FXCanary’s analysis of user reviews reveals a deliberate two-stage tactic. Several traders report that their initial withdrawal requests were honored—sometimes after a delay—creating a false sense of security. One reviewer who gave a 5-star rating stated they traded for six months and had 'withdrawal 20 times never rejected any withdrawal.' However, such experiences are the exception. The overwhelming majority describe a sharp reversal once larger sums are requested.

For instance, one trader detailed: 'My initial withdrawal was approved and shortly after transferred successfully to my account. However my second withdrawal...'—the user was then cut off. Another lost more than $18,000 after the broker 'stopped giving withdrawals' and offered 'rubbish excuses like usdt is hard to move.'

A third user had 42,000 USD withheld for over four months with no justification. These are not isolated glitches; they follow a script that leads to total loss of access to funds. The pattern is so consistent that we must regard withdrawal obstruction as a core function of the platform, not a bug.

When withdrawal requests are stalled, Longasia’s representatives deploy a range of excuses documented by users. Common refrains include: 'USDT is hard to move,' 'the regulator is investigating,' and 'pending orders prevent processing.' One trader recounted being told that withdrawals would arrive in batches after a regulatory probe into a clone firm—a probe that never materialized.

Another was asked to pay an attorney’s fee of 500,000 yen and then additional costs before funds would be released, a classic advance-fee fraud tactic. These deflections serve to wear down victims. As time passes, hope fades, and the broker often ceases communication entirely.

The pattern strongly suggests that the withdrawal function is not a genuine financial service but a tool to extract more deposits while returning as little as possible. Each excuse buys time, and most victims eventually give up—leaving their entire deposit in the broker’s hands.

When traders attempt to resolve withdrawal issues, they often find themselves locked out of their accounts or ignored. One reviewer reported an 'Invalid' error when trying to access the member area for days despite multiple contact attempts.

Another described contacting the broker about a trading bot and receiving 'no real customer support behind the platform—only a website designed to give the appearance of legitimacy.' These reports show that the support infrastructure is either nonexistent or deliberately unresponsive, particularly when money is on the line.

In the rare instances where support does reply, the responses are unhelpful stall tactics. No trader who complained about a blocked withdrawal has reported a satisfactory resolution through customer service. This is not a support team; it is a barrier to fund recovery.

Longasia’s licensing claims—an ICDX derivatives trading license and a MAS market-making license—might appear reassuring on the surface. However, FXCanary’s verification reveals critical gaps. The MAS license number CMS100756-1 is listed as 'no' and its status is blank, indicating it may not be active or valid.

The ICDX license is marked 'Unreleased' with no status, raising further doubts. In practice, these registrations do not extend robust investor protection, especially for clients outside Indonesia and Singapore.

For traders, this means that if your withdrawal is blocked, you have no meaningful regulator to appeal to. There is no compensation scheme, no ombudsman, and no track record of enforcement. Depositing funds with Longasia is not just risky; it is arguably unregulated gambling with your capital.

The sheer volume of withdrawal complaints—42 separate incidents logged—speaks volumes against a backdrop of just 14 Trustpilot reviews. This ratio indicates that withdrawal problems are not sporadic but endemic to the Longasia experience. Our research further uncovered one known clone/impersonator site linked to the brand, compounding the trust deficit.

When a broker accumulates such a high density of funding grievances, it moves from questionable to outright dangerous. The 85/100 Severe risk score reflects this concentration. A single positive withdrawal review cannot outweigh the weight of evidence pointing to a deliberate withholding strategy.

Given the evidence, FXCanary recommends that no trader deposit funds with Longasia. The risk of permanent loss is unacceptably high. If you have already deposited, attempt a withdrawal immediately but expect obstruction. Document all communication and consider reporting to financial authorities in your jurisdiction, though recovery chances are slim.

For traders evaluating any broker, the Longasia case reinforces three golden rules of safe funding: (1) only trade with brokers regulated in your own country or by a top-tier authority; (2) start with a small deposit and test the withdrawal process early; (3) if withdrawals are delayed or excuses appear, cease all further deposits and seek help.

The pattern of easy deposits and blocked withdrawals is the definitive signature of a scam. We urge the trading community to share these warnings and steer clear of Longasia. Your capital deserves better than a black hole.