AssetAce Review: Multiple Warnings Against This Broker

Is AssetAce Legit or Scam?

AssetAce is a scam. Don’t be fooled by their flashy website and claims of high profits. This unregulated broker has been blacklisted by multiple financial authorities and exhibits numerous red flags that point toward a fraudulent operation.

Company Overview

Services or Products

AssetAce claims to offer trading in various financial instruments, including:

• Forex
• Cryptocurrency CFDs
• Share CFDs
• Metals
• Energies
• Indices

However, they provide little to no details about the available assets.

If you have lost money to companies like CyberCapital Ltd, or Swiss Vests; please report it to us on our report a scam form.

Trading Platform & Leverages

The platform used by AssetAce is Sirix Station, a software known to be used by fraudulent brokers. They also offer a mobile app called App4World, but its legitimacy is questionable.

One of the biggest red flags is their unlimited leverage. Legitimate brokers implement leverage limitations to protect traders from excessive risk.

Spreads and Cost of Trading

AssetAce boasts low spreads (starting from 0.0 pips) and commissions below $3.5. However, with an unregulated broker, these figures are meaningless. There’s no guarantee they will honor these rates.

License and Regulations

AssetAce is not regulated by any reputable financial authority. This means they operate illegally and are not accountable to any oversight body.

Here’s a breakdown of their regulatory status:

• Blacklisted by: ASF, AFM, CONSOB, LB, CBR, FI, IOSCO
• Not registered with: FMA, Application Specific Integrated Circuits (ASIC), The Federal Financial Supervisory Authority (BaFin), CySEC, Financial Conduct Authority (FCA), NFA, FINMA.

Deposit and Withdrawal Methods

AssetAce only allows deposits and withdrawals through credit cards and cryptocurrency. While credit cards offer some chargeback protection, cryptocurrency transactions are difficult to trace.

There’s a complete lack of transparency regarding fees and processing times for withdrawals.

AssetAce Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky

Unlicensed brokers like AssetAce pose a significant risk to your investment:

• No protection: Financial regulations safeguard traders’ funds. Unregulated brokers can steal your money with impunity.
• Unfair practices: They can manipulate prices, execute trades without your consent, and make it impossible to withdraw funds.
• No dispute resolution: If you encounter problems, there’s no regulatory body to help you get your money back.

Client Feedback

AssetAce displays fake reviews on its website. Look for independent reviews from real users, and you’ll find nothing but negative experiences.

How Can “ReviewsAdvice” Help You If You Get Scammed?

If you’ve been scammed by AssetAce, consider contacting a financial advisor or legal professional specializing in fraudulent activity. In some cases, a chargeback through your credit card company might be possible.

ReviewsAdvice will provide you with recovery service recommendations, which will help you in recovering the lost funds or you can report to us today by the below form.