Sansom Asset is a newly established online trading platform claiming to offer trading services in various financial products such as Forex and Contracts for Difference (CFDs). Although the platform claims its operational address is in New Zealand, its registration information has yet to be disclosed, and there is no proof of oversight from any financial regulatory authority. This lack of transparency has raised widespread concerns among investors about its safety and legitimacy. This article will objectively analyze the potential risks and feasibility of Sansom Asset from various aspects, including company background, account types, trading products, and platform transparency.
Company Background:
Sansom Asset claims to be a platform offering Forex and CFD trading. The domain for its official website was registered on June 10, 2024, and it claims its operations are based in New Zealand. However, although there is a registered entity named SANSOM ASSET HOLDING LIMITED in New Zealand, it does not seem to be connected with the platform. Currently, Sansom Asset’s registration information has not been disclosed or clarified.
Is Sansom Asset Regulated?
Sansom Asset has not yet provided evidence of being regulated by any financial supervisory authority. Typically, legitimate financial service providers are subject to strict regulation by financial supervisory bodies like the UK’s Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). Regulation is a significant means of protecting investors, and a lack of regulation can increase the uncertainty and risks of trading platforms.
Account Registration Process:
Sansom Asset’s account registration process is relatively simple. Users can complete registration through the following steps:
- Visit the official website and click the registration button;
- Fill out the online application form;
- Submit identity verification documents or My Number verification documents;
- Start trading after completing the deposit.
Account Types:
Sansom Asset offers three types of accounts:
- Silver Plan: Minimum deposit of $100, maximum deposit limit of $20,000;
- Gold Plan: Minimum deposit of $21,000, no deposit limit;
- Staking Plan: Minimum deposit of $5,000, no deposit limit.
The account types reflect different investment thresholds but do not provide detailed information about account services such as spreads, leverage, and commissions. These are crucial factors for evaluating a trading platform, and the lack of disclosure might signal a noteworthy risk.
Trading Software:
Sansom Asset has yet to disclose detailed information about its trading software.
Trading Products:
Sansom Asset claims to offer trading products including Forex, CFD indices, commodities, stocks, metals, and energy. However, detailed terms of trading tools, such as spreads, leverage ratios, and commission fees, are not disclosed on the official website, leaving potential clients unable to reasonably assess the platform's trading costs.
What Are the Spreads, Leverage, and Commissions?
Sansom Asset's official website does not disclose details about spreads, trading leverage, commissions, minimum/maximum trade sizes, maximum position/order sizes, maintenance/margin call levels, minimum price increments, and contract sizes related to trading accounts.
What Are the Deposit and Withdrawal Methods?
Sansom Asset also does not provide detailed information on its official website about deposit and withdrawal methods. Generally, compliant trading platforms clearly list supported deposit and withdrawal channels, such as bank transfers, credit cards, e-wallets, and provide explanations of related fees and processing times. A lack of information might indicate uncertainty regarding fund transfers, and users should exercise caution when choosing a platform.
Customer Support:
Sansom Asset offers customer support services but does not detail the supported channels (e.g., phone, email, or online support). Compared to other well-established trading platforms, transparency and responsiveness of customer service are essential for ensuring a positive user experience.
Conclusion:
Firstly, Sansom Asset lacks regulatory evidence. Secondly, the platform does not disclose important trading information such as spreads, leverage, and commissions, nor does it detail deposit and withdrawal methods. This information opacity makes it difficult for investors to fully understand the platform's operational model and trading costs. Investors should exercise caution when selecting trading platforms, especially those that are unregulated. It is advised that investors carefully evaluate the platform's legitimacy and choose those regulated by authority bodies to ensure the safety of their funds and legal rights. If deciding to use this platform, one should start with small amounts of money, avoid large deposits, and keep an eye on the platform's operation and customer feedback.
