Assexmarkets- Is This Broker Legit and Safe? - WikiFX
Abstract：Assexmarkets is an unregulated broker, offering trading on forex CFD, commodities, indices and crypto CFD.
| AssexmarketsReview Summary | |
| Founded | 2024 |
| Registered Country/Region | Saint Lucia |
| Regulation | No regulation |
| Market Instruments | Forex CFD, commodities, indices, crypto CFD |
| Demo Account | ✅ |
| Leverage | Up to 1:500 (Standard acocunt) |
| Spread | From 0.2 pips |
| Trading Platform | MT5 |
| Min Deposit | $1 |
| Customer Support | Live chat |
| 24/7 customer support | |
| Tel: +2347069664193 | |
| Email: support@assexmarkets.com | |
| Regional Restrictions | US, Pakistan, Iraq, Iran and Uzbekhistan clients are not allowed |
Assexmarkets Information
Assexmarkets is an unregulated broker, offering trading on forex CFD, commodities, indices and crypto CFD with leverage up to 1:500 and spread from 0.2 pips on MT5 trading platform. The minimum deposit requirement is $1.
Pros and Cons
| Pros | Cons |
| Tight spreads | No regulation |
| With demo account | |
| MT5 platform | |
| Low minimum deposit requirement |
Is Assexmarkets Legit?
No. Assexmarkets currently has no valid regulations. Please be aware of the risk! It provides segregated accounts.
What Can I Trade on Assexmarkets?
Assexmarkets offers trading on forex CFD, commodities, indices and crypto CFD.
| Tradable Instruments | Supported |
| Forex CFD | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Crypto CFD | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Stocks | ❌ |
Account Type
Here are seven account types Assexmarkets offers:
| Account Type | Min Deposit |
| Standard | $1 |
| Standard cent | Depends on payment system |
| Pro (Profesional accounts) | $500 |
| Zero | $500 |
| Raw spread | $500 |
| Social Pro | $500 |
| Pro (Portfolio Management accounts) | Deposit not applicable |
Leverage
| Account Type | Leverage |
| Standard | 1:Unlimited |
| Standard cent | 1:Unlimited |
| Pro (Profesional accounts) | 1:Unlimited |
| Zero | 1:Unlimited |
| Raw spread | 1:Unlimited |
| Social Pro | 1:200 |
| Pro (Portfolio Management accounts) | 1:200 |
The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
Assexmarkets Fees
Trading Fees
The broker doesn't require withdrawal fees or swap fees.
| Account Type | Commission |
| Standard | No commission |
| Standard cent | No commission |
| Pro (Profesional accounts) | No commission |
| Zero | From $0.05 |
| Raw spread | Up to $3.50 each side per lot |
| Social Pro | No commission |
| Pro (Portfolio Management accounts) | No commission |
Assexmarkets Spreads
| Account Type | Spreads |
| Standard | From 0.2 pips |
| Standard cent | From 0.3 pips |
| Pro (Profesional accounts) | From 0.1 pips |
| Zero | From 0 pips |
| Raw spread | From 0.1 pips |
| Social Pro | From 0.6 pips |
| Pro (Portfolio Management accounts) | From 0.4 pips |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, macOS, Linux, mobile | Experienced trader |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
The broker accepts payments via bank transfers, credit/debit cards and e-wallets.
No minimum withdrawal amount defined and no charges specified.
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