LONG ASIA Review: Examining User Allegations Concerning Withdrawal Denials

Did you have a good trading experience with LONG ASIA initially before it went bad, as you sought fund withdrawals from the platform? Did Saint Vincent and the Grenadines-based forex brokerage house deny you access to funds despite numerous withdrawal requests? Have you lost your funds because of this denial? Failing to log in despite numerous attempts? You are not alone! Many traders have accused the broker of these trading practices. In this LONG ASIA review article, we have highlighted some complaints against the broker. Read on as we share all these details with you.

Top Forex Trading Allegations Against LONG ASIA

Automatic Trades That Went Horribly Wrong

An India-based trader recently reported a severe glitch in LONG ASIA‘s operations, claiming all the 1029 automatic trades made into the trading account were in losses. Stunned by witnessing only losses on these trades on the LONG ASIA login page with no profits, the trader’s review was understandably negative for the broker. The trader further revealed that with a leverage of 1:500 in his account, he could do a maximum of five trades at a time. However, the complaint highlighted 20-25 trades at a time. Check out this review for a better understanding of the situation.

Unexpected Withdrawal Refusal by LONG ASIA

A trader from the United States lodged an online complaint against LONG ASIA, expressing happiness over the constant rise in the account balance, which encouraged him to deposit more. However, as the trader requested fund withdrawals, the broker allegedly disallowed it. Upon contacting the support team, the trader could only be told about additional payments and verification. Seeing this as a potential scam, the trader took the help of a legal firm, which let him recover his stuck funds. Here is the LONG ASIA review thats worth reading.

Withdrawals at the Start, Not Afterward

An Indian trader expressed that the brokerage firm allows withdrawals initially before blocking this access. Check out this small, yet critical complaint.

A Reported Fund Scam Worth $41,730

While screening complaints against LONG ASIA, the WikiFX team also found this fund scam allegation involving an amount of $41,730. Due to the help from a legal enterprise, the trader reportedly managed to recover funds. Read the traders words in this screenshot.

A 4-month Pending Fund Withdrawal Complaint

A trader highlighted a case where the withdrawal requested was reported to be in a pending status for as long as four months. The complaint stated that LONG ASIA withheld his funds worth $42K USD. For more details, check this LONG ASIA review.

Withdrawal Delays and No Response Raise Serious Concerns

A Mexico-based user reported having a pending withdrawal request for several months without any response from the platform. Despite multiple follow-ups and the companys claim of a 3-month investigation period, no progress has been made even after the stated timeline. The lack of communication and unresolved withdrawal has led to serious dissatisfaction and distrust. Not holding back, the trader commented about this alleged practice by the broker online.

LONG ASIA Review by WikiFX: Is It Legit?

A large number of withdrawal complaints against LONG ASIA made it imperative for the WikiFX team to thoroughly review its operations. While investigating, the team found it to be unregulated despite operating for over two years. The trading risks remain inevitably higher for traders seeking to join this brokerage house. As a result, WikiFX gives it a score of just 2.03 out of 10.

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