Long Asia is a forex and contract for difference (CFD) broker established on September 2, 2012, headquartered in Sarawak, Malaysia. The company offers forex, precious metals, spot commodities, and index CFD trading services to global investors via the MT4 platform. The official website of Long Asia Group is https://longasiagroups.com/, and the site supports both English and Simplified Chinese.
Company Registration and Regulatory Status
- The registered entity for Long Asia is LONG ASIA GROUP NZ LIMITED, based in Auckland, New Zealand.
- The company was deregistered from the New Zealand Financial Service Providers Register on June 18, 2021.
- Long Asia claims to be regulated in Indonesia and Hong Kong and asserts that it has an office in Cyprus.
- Long Asia claims associations with several entities, including LONG ASIA Liquidity, LONG ASIA Global LTD, and LongAsia Asset Management, but the authenticity of these relationships is questionable.
Account Types and Trading Conditions
- Offers three types of accounts: Standard Account, ECN Account, and Zero Account.
- Maximum leverage is 1:200, with a spread of 1.7 pips.
- Utilizes the MetaTrader4 platform, providing trading options for over 30 forex currency pairs, CFDs, futures, indices, gold, silver, and oil.
Disputes and Warnings
- Independent review site ForexBrokerz notes that Long Asia's trading conditions are unclear and seemingly lack reliable regulatory approval.
- Forex Peace Army website indicates that Long Asia's website has been shut down, and the company appears to have ceased operations.
- There are reports claiming that Long Asia might be misleading its clients unlawfully using legitimate business license details.
Risks and Investor Warnings
- Due to the unclear regulatory status of Long Asia, there is a risk to fund security.
- Investors should pay particular attention to the authenticity of Long Asia's claimed regulation and licensing when considering trading with them.
- Multiple independent reviews and warnings suggest that Long Asia may be involved in fraudulent activities and opaque financial operations.
Investor Services and Support
- Long Asia claims to offer forex and CFD trading and asset management services to traders and investors worldwide.
- The services provided include, but are not limited to, forex trading, precious metal trading, index CFDs, and spot commodity trading.
- They claim to provide tight spreads, high leverage, and the MetaTrader4 platform.
Conclusion
Based on the above information, investors are advised to exercise caution and conduct thorough investigation and risk assessment before considering collaboration with the company. Currently, Long Asia is marked as "operating normally" on TraderKnows.
