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AssetsFX Review, Rating and Comparison

AssetsFX Review, Rating and Comparison

RATING: 2 / 1 REVIEWS ForexBrokerz AssetsFX
AssetsFX is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type

Minimum deposit 

Minimum trade size

Maximum leverage

Average Spreads (& Commission)

Standard

$200 

0.01

1:200

0.4 pips + $5.9 per standard lot

 

AssetsFX offers its clients a single account type with tight variable spreads, leverage up to 1:200 and the option to use micro tradeable lots on the MetaTrader 4 platform.

 

The trading conditions of this broker seem really attractive – the minimum initial deposit required, as well as the maximum leverage levels offered are common for the FX markets, and trading costs are comparatively low. If we add the commission of $5.9 to the average spread of 0.4 pips for the EUR/USD pair, average costs are below 1 pip per standard lot.

 

However, If you are into indices or stock CFDs, we have some bad news for you – such are not offered for trade with AssetsFX.  In fact, there are plenty of duly regulated brokers that have set lower minimum initial deposits (or none at all), offer much more instruments for trade with tighter spreads. For example, by investing $150 with Trading212 (holding FCA license), you can also use spreads below 1 pips on EUR/USD. For further information and comparison, you may check out the real-time spreads of 15 leading brokers here.

 

The Company. Security of Funds

 

Company

Country

Regulation

Oy Nettico Ltd.

Finland

N/A

 

Online since 2002, AssetsFX is a Finland broker that offers around 60 currency pairs and precious metals on the good old MT4 platform. The company behind the brand, Oy Nettico Ltd., is not licensed by the Financial Supervisory Authority in Finland, nor by any other regulator.

 

We always try to warn traders about the risk associated with doing business  with non-regulated (or offshore) brokers and generally advise them to select among brokers regulated by reliable authorities such as UK’s FCA, or Australia’s ASIC.

 

Nonetheless, AssetsFX has around 15 years of experience in the forex business and its trading conditions appear to be good. Also, user reviews about this broker seem overall positive

 

Trading Platform

 

Like most brokers, this one also supports the MetaTrader 4 (MT4) platform, desktop, and versions available.

 

MT4 is globally popular trading platform, as it offers all traders need: ease of use, a number of technical analysis indicators, extensive back-testing options, advanced charting package, and wide range of Expert Advisors (EA), allowing clients to fully automate their trades.

 

Besides, traders who are fond of automated trading may also use Myfxbook’s AutoTrade platform.

 

Methods of Payment

 

 AssetsFX offers its clients the following payment methods: bank wire transfer and via credit/debit cards, as well as e-wallets such as Neteller, Skrill, and Paysite cash.

 

Conclusion

 

AssetsFX is a Finland-based forex that supports the popular MT4 platform. Its offerings are attractive: STP/ECN execution, tight spreads, advanced auto trading options. However, the main problem with this broker is that it is not regulated. Besides, we find the spreads on commission-free accounts wide. To sum up the above:

 

Pros

Cons

ECN/STP broker with 15 years of experience

Not regulated

Competitive spreads

No index & share CFDs

MT4 available, as well as Autotrade

 

 

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Traders` reviews for AssetsFX

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

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