The foreign exchange market, commonly referred to as forex, is the world’s largest financial market. With such a massive market, it’s no surprise that there are plenty of brokers vying for your business. However, not all of these brokers are legitimate. One such broker that has been flagged for potentially fraudulent activity is ASJ Forex Global. In this article, we’ll take a closer look at ASJ Forex Global, including its company overview, team, services and products, trading platform, license and regulation, client feedback, and more.
Company Overview
| Broker Name | ASJ Forex Global |
| Website | https://asjforexglobal.com |
| Location | Hong Kong |
| Regulated | Not regulated |
| Reviews | Negative |
Team
ASJ Forex Global’s website lists a team of professionals with extensive experience in the financial industry. The team includes traders, analysts, and customer support staff. However, it is worth noting that there is no way to verify whether these individuals are real or whether their experience is legitimate.
Services and Products
ASJ Forex Global claims to offer access to forex, commodities, and cryptocurrencies. The company also offers several account types, including a demo account for those who want to test the platform before trading with real money. Additional services include educational resources, market analysis, and customer support. However, it is important to note that some of these services may not be available to all clients.
Trading Platform
The broker provides access to MetaTrader 5, a platform that every professional trader is familiar with. But, in order to establish an account with ASJ Forex Global, you must give a referral code; otherwise, the broker will not allow you to access their client area or provide you with the essential details to access their MT5 terminal.
License and Regulation
License Status
ASJ Forex Global claims to be a Hong Kong-based broker that is also regulated by FinCEN. The Financial Crimes Enforcement Network (FinCEN) is a US government agency tasked with preventing and punishing financial and money laundering offenses. It does not, however, regulate forex brokers; the NFA and the CFTC are the American agencies in charge of that. This is why all accusations of FinCEN regulation are absurd.
ASJ Forex Global is likewise not regulated by the Hong Kong Securities and Futures Commission (SFC), as evidenced by a search of the regulatory body’s registration.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Regulation Status
ASJ Forex Global is not regulated by any financial regulatory authority. This means that it is not bound by any rules or regulations, and there is no oversight or protection for traders who invest with the company.
Why Should Not You Trust An Unlicensed Broker?
Trading with an unlicensed broker is extremely risky because there is no regulatory oversight or protection for your investments. Unlicensed brokers can operate without any guidelines or restrictions, which means that they may engage in fraudulent or unethical practices. If you invest with an unlicensed broker and they engage in fraudulent activity, you may have little to no recourse for recovering your funds.
Legal Warnings Against ASJ Forex Global
There have been several legal warnings issued against ASJ Forex Global. For example, the Italian financial regulator CONSOB has warned that the company is not authorized to provide financial services in Italy. Other regulators, such as the Austrian Financial Market Authority (FMA) and the Lithuanian Central Bank, have also issued warnings against the company.
Client Feedback About ASJ Forex Global
About Their Trading
There is limited information available about what it is really like to trade with ASJ Forex Global. However, some clients have reported that they experienced significant losses when trading with the company.
About Their Customer Service
Some clients have reported that the customer service at ASJ Forex Global is unresponsive or unhelpful. In some cases, clients were unable to contact the company at all.
How Can Reviewsadvice Help You If You Get Scammed?
If you have been scammed by a forex broker, Reviewsadvice can help you. When you submit your case to us we will evaluate the case and provide you with a free consultation and service recommendations to help you in recovering the lost fund.
Final Thought
In conclusion, ASJ Forex Global is an unlicensed and unregulated forex broker that has been flagged for potentially fraudulent activity. Trading with an unlicensed broker is extremely risky, and we strongly recommend that you avoid this company. If you have already invested with ASJ Forex Global and fear that you have been scammed, contact Fxfarmupdate today to learn how we can help you to recover your funds.
