Beware! AssetsTrade is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
AssetsTrade is just another broker which is totally anonymous. It’s a name flatulent and so banal, doesn’t imply any meaning, at all. AssetsTrade presents itself as an american company based in LA, giving an US contact number.
However, no legal information is to be discovered about this broker. In fact, they post some Certificate of Incorporation issued in Cardiff, UK. It’s the only legal information available but it doesn’t mean or prove anything about AssetsTrade. In fact, it makes them look weird! Also, as you will see, they do not offer trading accounts, but some sort of investment plans with unrealistic returns promised. On top of that they will only accept cryptocurrencies as a funding method.
Our advice is to stay away from this broker and in this review we will explain the reasons for our judgment!
AssetsTrade REGULATION AND SAFETY OF FUNDS
There isn’t any proof that AssetsTrade is a broker licensed to provide any Forex or Investment services. In fact, they do not even provide Terms and Conditions on their website. We thought their FAQ page will give us some more details, but there is only shallow information delivered.
AssetsTrade is, in reality, an anonymous entity which does not provide substantial information about itself! We do not even know if there is a company standing behind this broker, there isn’t a clue to prove us wrong.
Stay away from this broker, your funds are not in safety! The right choice for you is to find a broker which is regulated, transparent and authorized to operate in EU or UK, for example. Both jurisdictions mentioned implement rigorous regulations and conditions to be met, such as minimum capital requirements, keeping segregated trading accounts and negative balance protection of the clients accounts, just to name a few. There are also money protection schemes put in place, which are set up for the benefit of the traders. In Cyprus, under CySEC supervision, the guarantees are of up to 20 000 EUR per client, while in UK are even greater, of up to 85 000 GBP.
AssetsTrade TRADING SOFTWARE
We didn’t find anything about AssetsTrade trading platform. Demo trading is unavailable, also there aren’t Metatrader accounts offered. We do not even know what we are supposed to trade, as their presentation shows us nothing in particular.
They list 5 trading plans, but leverage, spreads or margins requirements are not mentioned. These resemble regular investment plans, as there is a Rate Of Return(ROI) fixed, the lowest is 3%, the term actually unknown. Also, a 24 hrs contract applies, but again we have absolutely no idea what they are talking about.
Registration with AssetsTrade is possible only if you provide a Wallet Address during the registration process. If you do not have, or do not want to provide it, the sign-up is impossible. The mode of payment includes only cryptos, such as Bitcoin, Ethereum and Litecoin.
AssetsTrade does not behave like a true Forex broker. They do not offer trading accounts, but investment plans with unrealistic rates of return, and fail to give detailed comprehensive information.
True Forex brokers make sure to offer the best trading conditions to their clients, including MT4 and MT5 accounts. Metatrader is dominating the Forex industry because it’s intuitive, easy to use and very stable platform. Includes the best charting tools, plenty of indicators, a strategy tester, expert advisors, trading signals, and an automated trading also available. Metatrader operates its own marketplace which include complex indicators, robot traders and much more trading and analysis tools provided by third parties, some of them free to implement in your strategy.
AssetsTrade DEPOSIT/WITHDRAW METHODS AND FEES
The minimum deposit required by AssetsTrade is 100 USD with their trial plan. Cryptocurrencies are the only funding method possible.
AssetsTrade does not provide the customers with T&Cs, we have to stress on that fact once again. There aren’t trading conditions, deposit policy, withdrawal policy, funding methods or fees mentioned anywhere on their website. Dormant account policy, also non-existent!
There is 5% Referral Bonus, but no further details displayed, again.
AssetsTrade fails to give any important information to its customers, we said it before, we need to repeat it again! It’s a huge red flag! Probably the only way for you to get to this crucial information is to register, but their sign-up process, as already mentioned, is more than strange.
We couldn’t register and do not advise anyone to register with AssetsTrade. Hiding basic information from potential customers is an obvious evidence of scam.
HOW DOES THE SCAM WORK
Scammers introduce financial and investment opportunities which often are too good to be true. Lucrative returns (we’ve seen 800% per day) with low or no risk at all, groundbreaking trading conditions, robots and bots which always execute the winning trades, the scammers will promise big, and will always deliver nothing but misery.
The scam is a confidence trick! The scammers will promise you the moon and the stars only to gain your confidence, then will persuade you to invest money with them and sooner or later will take advantage of you and will run away with your money.
Often the scammers will accept only cryptocurrencies as a funding method and it is a scam sign to be remembered. You need to know that the cryptos are perfectly unregulated, there isn’t a single authority in the world to deal with this, increasing in popularity, form of money. Once you deposit your Bitcoins with scammers, it’s virtually impossible to get your money back.
Learn how to identify the scam before you have opened an account and sent any money. Look for information about the Forex market, the regulations, the standards of the industry, always examine the brokers, read reviews. Stay informed!
WHAT TO DO WHEN SCAMMED
Anyone can get involved in scam, scammers are constantly changing their strategies and no one must feel safe. If being scammed the first thing you should do is to protect yourself from further risks. Contact your bank and explain to them your situation, they will give you important instructions to follow and will help you, if possible, recover your money.
Report what have happened to you, file a complaint, contact the financial regulator, contact other government institutions dealing with trading and investing. Seek help actively!
Share online your experience, it is important to protect others, as well. Be responsible!
Stay away from AssetsTrade, there are too many red flags!