Long Asia Review: Is This Broker Safe or a Risk for Traders?

Long Asia, a Saint Vincent and the Grenadines-based brokerage entity, continues to grab headlines, with users sharing varied reviews about their trading experience with the company. While some report negative experiences such as withdrawal denials and fund losses, others praise its various account types and low minimum deposit requirements. In this Long Asia review article, we have collected a list of both positive and negative experiences to figure out whether its suitable for your trading. Read on to find out.

The List of Recent Negative Trader Experiences with Long Asia

Complaints have been constant for Long Asia over the years, with recent complaints being as early as March 2026. Below, we have shared some recent bad experiences traders have had with the broker, ranging from late 2025 to date.

User Issues Concerning the Long Asia Version 2.0 Launch

According to the brokers telegram group, it has launched Long Asia Version 2.0. The platform reckons it as a significant milestone aimed at offering long-term growth, stable income and better earning opportunities to its clients. However, the launch is reportedly not that smooth for users, with complaints of no trade execution by some and balance credit discrepancies. The group owner himself admitted these glitches while addressing user queries. Here is the snapshot, where the owner explained the situation in Hindi.

Poor Withdrawals Leading to a Capital Trap of USD 18,000+

An India-based trader, Akash Patel, described his trading experience with Long Asia as highly negative. According to the complaint, the trader narrated to have witnessed a good withdrawal experience at the beginning. However, later, the broker allegedly stopped him from accessing withdrawals, leading to a capital loss of over USD 18,000. Akash described these incidents through this Long Asia review.

A Reported Fund Scam of $41,730

A Swedish user made an even bigger claim, accusing Long Asia of scamming him to the tune of $41,730. If not for the legal firms assistance, the trader could never have recovered funds, according to the complaint shown below.

Excessive Automated Trading, Heavy Losses & No Response

An India-based user alleged serious issues with Long Asia, claiming that an automated trading system on his account executed an unusually high number of trades (1,029) entirely in loss, with no profitable positions. Despite a leverage of 1:500—where the user stated they could normally manage only 4–5 trades at a time—the account reportedly handled 20–25 simultaneous trades, raising concerns about abnormal or unauthorized activity.

The user reported a loss of $514 in one account and additional losses in another, which he believed were due to the brokers fault. Furthermore, Long Asia has allegedly failed to respond to repeated queries, adding to concerns about transparency and accountability.

The user left a note, explaining all these, on WikiFX, a leading forex regulation investigation tool. Take a look below.

Deposit Made, But No Return given

Another Indian trader deposited $1,000 with the broker. As per the admission, the broker allegedly failed to provide any returns to the trader. However, the complaint does not clearly indicate whether the trader could not generate gains or the broker did not allow him to access the gains made. Either of the two situations is deeply concerning. It requires a thorough look into the situation by Long Asia. Here is the traders complaint.

Concerns Raised Over Long Asia Trading Platform

A US-based user shared a negative Long Asia review, urging others to be cautious of its trading bot. With no real customer support service, according to the complaint, trading on the platform allegedly invites scope for more losses. While the trader explained that the website appeared to be legitimate, the reality sounded otherwise. Despite multiple contacts with the service desk over the alleged malfunction of the trading platform, the trader failed to receive any response. The overall incident prompted the user to share this bad Long Asia review.

Withdrawal Issues Faced by Malaysian Traders

Several Malaysian traders expressed frustration over the pending withdrawal, with one user specifically criticizing the brokers alleged excuse of the payment gateway not functioning properly to deny him access to funds. Here are multiple withdrawal complaints from Malaysia.

Some Old Bad Trading Experiences with Long Asia

Now, we shift our focus to some old negative experiences starting from 2024 and before.

Withdrawal Denial & Poor Customer Support Service Complaint

A Netherlands-based user reported a poor withdrawal experience concerning crypto funds. Sharing a negative Long Asia review, the trader recounted that the first withdrawal request was processed and credited successfully to his account. However, despite following the same process next time, the withdrawal could not be accessed despite approval. Adding to the traders worry, the customer support service could not respond positively to this either. Check out this review, where the trader shared the trading hassles with Long Asia.

A 42K Fund Withholding Case Against Long Asia

A user shared a case involving a fund withholding of USD 42K without any justification by Long Asia. The trader, according to the complaint, deposited USD 21K initially, which grew to 42K. However, the broker allegedly failed to honor the withdrawal request made by the user for as many as four months at the time of writing this review.

Withdrawal Refusal, Misleading Regulation Claims & Poor Support

The user accused Long Asia of failing to deliver services as promised and refusing to process withdrawal requests after over a year of usage. The complaint highlighted concerns about misleading regulatory claims, as the company allegedly stated that accounts would be regulated under MAS, but deposits were instead directed to an Indonesian-regulated entity that was later spun off.

The user further alleged that after these inconsistencies, withdrawal requests were denied and customer support became unresponsive, with emails being ignored. Overall, the experience raised serious concerns about the brokers transparency, regulatory credibility, and reliability.

Read the entire complaint below.

Sharing Some Positive User Experiences with Long Asia

Smooth Withdrawal Claims

Long Asia also received some positive user reviews, with some experiencing smooth withdrawals, contrary to the many negative reviews on this aspect. Here are two Indian traders experiences with withdrawals.

Praise for Low Minimum Deposit Requirements

Two users from New Zealand appreciated the low minimum deposit set by the broker, with one even applauding the range of account types available at Long Asia. Check out these positive Long Asia reviews.

Easy Account Set Up, Smooth ECN Upgrade, High-quality Customer Support Service

While a Hong Kong user appreciated the easy account set up and effective customer support service, the trader from Nigeria highlighted a smooth transition to an ECN account from the Standard account, demonstrating raw spreads and profits for the trader. Check out both these reviews.

The Review of Long Asia by WikiFX: Summing Up from the Regulatory Standpoint

After evaluating Long Asia reviews, we at WikiFX found negative experiences outweighing positive ones. This made it imperative for us to conduct a detailed inquiry into the brokers regulatory details. Despite being in the business for over five years, the broker is reportedly running without a valid forex license. This indeed is concerning for its clients. Based on the evidence collected, we do not recommend this forex broker for wealth creation. The score for this broker thus stands at a low of 2.04 out of 10.

For more such forex broker exposure reports, visit the WikiFX app. Download it now to begin your investigation.