Long Asia Groups is the hot shot brokerage that is getting popular in the sector. They appear to be targeting people from New Zealand and Australia primarily. Trading conditions offered by them are up to par with the industry standards.
However, their regulatory stance is not the most promising and they have received warnings from regulatory authorities from New Zealand. While few of their offerings are enticing, do not let it pull you in the wrong direction.
Stick with us till the end to know about the concerning aspects about them.
Regulation and Support
We cannot stress the importance of dealing only with regulated brokers enough on all of our distribution channels. Trading on its own is a risky venture, the least we could do to enhance the experience is to choose a regulated firm to execute the orders. Long Asia Groups feature a registration number, but they are located in St. Vincent and the Grenadines.
Simply put, the regulation from the region mentioned above is not the equivalent of FCA or FTC standards and as such, it is not worth the risk. There are few contact details showcased by them, though their working hours aren’t clear.
Long Asia Groups Account Types and Fees
Long Asia Groups offers both standard and ECN accounts. Swap free accounts are also said to be available. Spreads depend upon the account type, but our findings reveal nothing out of the ordinary about the offerings.
Note that there might be other trading costs involved and before pulling the trigger, make sure you know all the intricacies involved.
Contact Details
Here are all the contact information we gathered from their platform. If you have any experience dealing with their support team, feel free to share them in the comment’s section.
Address – Suite 305, Griffith Corporate Centre, Kingstown St. Vincent and the Grenadines.
Email – support@longasiagroups.com
Telephone Number – +6082-687 445
Long Asia Groups Review Conclusion
Long Asia Groups is a questionable trading platform with a scarce background. There are a lot of regulated options available that offer the same functionality for a lot less fees. So, choose accordingly.
