Asia Stock Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-12-06 11:29

Abstract：Asia Stock is a forex broker registered in China, allegedly providing hundreds of foreign exchange currency pairs, precious metals, stocks, commodity futures and other trading products to global investors. There is no regulatory license details displayed on its website. Due to many complaints mentioning that Asia Stock rejected traders application to withdraw funds. This broker has run away and changed its name to keep scamming traders.

　　General Information & Regulation

　　Asia Stock is a forex broker registered in China, allegedly providing hundreds of foreign exchange currency pairs, precious metals, stocks, commodity futures and other trading products to global investors. There is no regulatory license details displayed on its website. Due to many complaints mentioning that Asia Stock rejected traders application to withdraw funds. This broker has run away and changed its name to keep scamming traders.

　　Market Instruments

　　Asia Stock advertises that it offers popular trading products such as forex exchange, precious metals, indices, as well as digital currencies and more.

　　Minimum Deposit

　　The minimum required to active a real trading account is 1000 USD, which is way too high. Most legit brokers only ask traders to deposit around $100 or even less to start trading.

　　Leverage

　　The maximum trading leverage for forex trading offered by Asia Stock is up to 500:1. Since margin trading is full of risks, inexperienced traders are not advised to use too high leverage level.

　　Spreads & Commissions

　　Asia Stock advertises that it offers competitive spreads for its traders, starting from 0 pips. This is absurdly impossible, especially for unregulated brokers. They just want to attract new traders by using these tactics.

　　Trading Platform Available

　　To our surprise, what Asia Stock offers is the white label MT5 trading platform. MT5 is a powerful software with complete trading varieties, widely used by most brokers and traders in the world. MT5 is equipped with advanced chart analysis, one-click transaction, moving stop loss function, drawing tools and technical analysis indicators.

　　Deposit & Withdrawal

　　In terms of payment methods supported, Asia Stock does not make this part clear. When clicking the “online withdrawal” button, it leads to a mistaken page, with nothing on it. In most cases, brokers would accept traders to fund their accounts though Credit/Debit Card, wire transfer, as well as Skrill and Neteller.

　　Customer Service

　　The Asia Stock customer support can be reached only through email, even telephone unavailable, which is the absolutely scam-looking behavior.