Asset Coin Trades is a Contract for Difference (CFD) broker officially registered on September 22, 2023. This broker primarily offers a wide range of trading markets through platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, etc., and does not provide services to jurisdictions where offering such services would violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to the official information on the Asset Coin Trades website, the broker is regulated by the Financial Services Authority (FSA) in San Diego, California, with a securities dealer license number of SD018.
In reality, there is no such entity as the Financial Services Authority (FSA) in San Diego, California. Upon verification, it has been found that the regulatory information provided on the broker's website is actually misappropriated from IC Markets, which is registered with the Financial Services Authority (FSA) in the Seychelles. The registration entity for IC Markets with the FSA is Raw Trading Ltd, with a license number of SD018.
Account Opening:
To open an account with Asset Coin Trades: Visit the broker's homepage and click "Sign up" in the top right corner of the webpage, enter your name, email address, phone number, and other personal information as required, set a login password, and submit. Once submitted, the account registration is successfully completed.
Trading Plans:
Asset Coin Trades offers four different types of trading plans: STARTER PLAN, PREMIUM PLAN, SIX MONTHS PLAN, PARTNERSHIP PLAN.
STARTER PLAN:
- Return period: 3 days
- Minimum opening amount: $200
PREMIUM PLAN:
- Return period: 5 days
- Minimum opening amount: $1,000
SIX MONTHS PLAN:
- Return period: 6 months
- Minimum opening amount: $1,000
PARTNERSHIP PLAN:
- Return period: 2 years
- Minimum opening amount: $501,000
Trading Platform:
Asset Coin Trades claims to offer trading platforms such as MT4, MT5, and cTrader, but does not provide corresponding download links, and a broker named Asset Coin Trades cannot be found on these platforms.
Deposits and Withdrawals:
Asset Coin Trades supports the use of credit/debit cards, e-wallets, bank transfers, and other methods for deposits and withdrawals.
Conclusion:
Traderknows warns investors that Asset Coin Trades is actually a scam website plagiarizing the brokerage IC Markets. Investors are advised to choose brokers with transparent information, strong regulatory oversight, and good reputations for their trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Scam" on Traderknows.
