AsiaFXI Review – Is this broker really a scam?
AsiaFXI is a forex broker that despite the name seems to take clients from all over the world. They claim to have offices and hundreds of staff located worldwide but only displays the address 2nd & 7th floor Dzirnavu iela 57A,Riga, LV -1010, which is a Latvian address. On their website they state that their system was built by traders for traders and state that it is in their best interests for their clients to be successful when trading.
Different account types
AsiaFXI currently offer a wide variety of different accounts seemingly making sure that there is something for everyone. They have demo accounts, premium vip accounts and even an option that caters to potential clients who with religious requirements although one thing to note is they do not use offer the widely popular MT4 platform.
AsiaFXI offers a demo account for customers to test out their platform. Their demo account will give you a simulated $100,000 of fake cash for you to carry out test trades by just creating a basic free account.
AsiaFX Islamic Account
As the name suggest this account type caters towards those who follow the muslim religion, it has features like no rollover interest on overnight positions, no spread widening and no upfront commissions and other features which they claim to make okay for muslim clients.
Starter, Standard and Pro
Starting at just a minimum $100 deposit you can get access to the starter account which includes an account manager and access to their trading tools and a you also get a 30% welcome bonus. If you are a more experience trader or just have more money to spend then the PRO account will grant you a 75% welcome bonus and unlimited access to 1 on 1 training as well as a specialist AsiaFXI account manager.
AsiaFXI offer support 24 hours per day 5 days week Monday to Friday through email, live chat or phone. If you want to phone them then you can via +37167660121 or through email at email@example.com where response times will most likely be slower than say phoning them up.
AsiaFXI offer an economic calendar for visitors to their website and you don’t have to sign up for that, looking it right now I can see that tomorrow will be the BBA Mortgage approval which could help me make a profitable trade. They also have currency converter that you can use if you are trading currencies.
If you are creating a paid account with AsiaFXI then you can deposit money into your account through Skrill, Neteller, Paypal or via local bank transfer. Each method will have different pro’s and con’s for example bank transfer might have more fee’s than say Skrill
When looking the regulation page on their website they state word for word that “AsiaFXI offers a Forex solution under a fully licensed and regulated environment. It is operated by IFX Investment House ,its a Financial it’s a Services Company” which doesn’t really make any sense in my opinion so it looks like AsiaFXI might be an unregulated broker unless they have information that they have no updated on publicly on their website.
Have you opened an account with AsiaFXI? Let me know how it went for you bellow in the comments.