The murky waters of online trading are rife with hidden dangers, and AssetAce, a seemingly innocuous broker platform, has emerged as a potential predator lurking beneath the surface. While the website boasts sleek visuals and promises of financial freedom, a closer inspection reveals a web of red flags and concerning customer complaints that cast a dark shadow over its legitimacy.
What is AssetAce?
AssetAce presents itself as a global broker offering access to a variety of financial instruments, including CFDs, Forex, and cryptocurrencies. Their website claims to provide cutting-edge technology, competitive spreads, and dedicated customer support, all wrapped in a user-friendly interface. However, the allure quickly dissipates when one delves deeper into the platform’s details.
AssetAce Details:
Regulated by: | Unregulated Forex Broker |
Is This Company Safe? | No, this company is proven to be untrustworthy. |
Known Websites: | personal.asset-ace.net |
Have Warnings from: | ASF, AFM, CONSOB, LB, CBR, FI and IOSCO |
Registered in: | New Zealand (alleged) |
Operating since: | 19.01.2023. |
Trading Platforms: | Sirix Station / App4World |
Maximum Leverage: | Unlimited |
Minimum Deposit: | $150 |
Deposit Bonus: | N/A |
Trading Assets: | Forex, Crypto, Shares, Metals, Energies, Indices |
Free Demo Account: | No |
How to Withdraw from This Company? | Payments aren’t possible – better contact our legal support! |
Deposits and Withdrawals:
AssetAce accepts deposits through various methods, including credit cards, wire transfers, and e-wallets. However, user reviews paint a concerning picture of withdrawal difficulties. Claims of delayed payouts, exorbitant fees, and unresponsive customer support are prevalent, raising serious concerns about the platform’s commitment to fair financial practices.
If you have lost money to companies like CU-CFC, or TrustMarket; please report it to us on our Report a Scam form.
Account Types:
AssetAce offers three account types, each with varying features and minimum deposits. The basic account offers limited access to instruments and tools, while the higher tiers promise exclusive perks and benefits. However, the value of these features remains questionable given the platform’s overall lack of transparency and trustworthiness.
Red Flags and Warning Signs:
Beyond the lack of regulation and dubious withdrawal practices, several red flags should send shivers down any potential investor’s spine:
- Vague Marketing Materials: The website is heavy on empty promises and lacks concrete information about the company’s background, trading conditions, and risk management policies.
- Unprofessional Communication: Customer reviews report unprofessional and unresponsive communication from AssetAce’s support team, further fueling suspicions about the platform’s legitimacy.
- Negative Online Reviews: A plethora of negative reviews and scam accusations litter the internet, painting a grim picture of AssetAce’s dealings with clients.
Customer Complaints and Negative Reviews:
A quick online search reveals a torrent of complaints from individuals claiming to have been scammed by AssetAce. Common grievances include:
- Difficulty withdrawing funds: Once money is deposited, users face an uphill battle to retrieve it, often encountering unresponsive support and hidden fees.
- Manipulated Trading Conditions: Accusations of unfair spreads, price manipulation, and stop-loss hunting are rampant, suggesting the platform engages in practices designed to drain clients’ funds.
- Hidden Charges and Fees: Unexpected fees and charges eat into profits, leaving users feeling cheated and frustrated.
AssetAce Alternative Brokers:
With abundant evidence suggesting AssetAce’s dubious nature, it’s crucial to explore reputable alternatives. Several established and regulated brokers offer transparent trading conditions, reliable customer support, and a commitment to fair play. Consider exploring options like AxiTrader, IG Markets, or Saxo Bank, all renowned for their ethical practices and user-centric approach.
Got Scammed by AssetAce? We Help Victims!
If you’ve fallen victim to AssetAce’s deceptive practices, there are steps you can take to recover your losses. Reporting the platform to relevant authorities like the Financial Conduct Authority (FCA) can help raise awareness and potentially lead to investigations. Additionally, seeking legal counsel and joining support groups of fellow victims can provide valuable guidance and empower you to fight for your financial rights.
Remember, vigilance is key in the treacherous world of online trading. By educating yourself about potential scams, choosing reputable brokers, and exercising caution with your investments, you can navigate the financial markets with confidence and avoid becoming another victim of platforms like AssetAce or You Can report to us today by the below form.
