Long Asia Group was established on September 2, 2012, as a forex and contract for difference (CFD) broker, headquartered in Sarawak, Malaysia. The company offers forex, precious metals, spot commodities, and index CFD trading services to global investors through the MT4 platform. The official website of Long Asia Group is https://longasiagroups.com/, supporting both English and Simplified Chinese.
Company Registration and Regulatory Status
- The registered entity of Long Asia Group is LONG ASIA GROUP NZ LIMITED, with its registered address in Auckland, New Zealand.
- The company was deregistered at the New Zealand Financial Service Providers Register on June 18, 2021.
- Long Asia claims to be regulated in Indonesia and Hong Kong and states to have an office in Cyprus.
- Long Asia Group claims affiliations with entities such as LONG ASIA Liquidity, LONG ASIA Global LTD, and LongAsia Asset Management, but the authenticity of these affiliations is questionable.
Account Types and Trading Conditions
- Offers three account types: Standard Account, ECN Account, and Zero Account.
- Maximum leverage is 1:200, with a spread of 1.7 pips.
- Uses the MetaTrader4 platform, offering over 30 forex currency pairs, CFDs, futures, indexes, gold, silver, and oil for trading options.
Controversies and Warnings
- Independent review site ForexBrokerz notes unclear trading conditions and seemingly unreliable regulatory permissions for Long Asia.
- Forex Peace Army website indicates that Long Asia Group's website is down, and the company appears to have ceased operations.
- Reports suggest Long Asia may be illegally misleading its customers using the licensing details of legitimate businesses.
Risk and Investor Warnings
- Due to the unclear regulatory status of Long Asia Group, there is a risk to fund safety.
- Investors should pay special attention to the claimed regulatory and licensing authenticity when considering trading with Long Asia.
- Multiple independent evaluations and warnings indicate that Long Asia Group may be involved in fraudulent activities and opaque financial operations.
Investor Services and Support
- Long Asia Group claims to provide forex and CFD trading as well as asset management services to traders and investors globally.
- Services offered include, but are not limited to, forex trading, precious metals trading, index CFDs, and spot commodity trading.
- The company claims to offer tight spreads, high leverage, and the MetaTrader4 platform.
Conclusion
- In summary, considering all the information, TraderKnows advises investors to be cautious and conduct thorough investigations and risk assessments when considering collaboration with the company. Currently, Long Asia Group (Long Asia Group) is shown as "Active" on TraderKnows.
