Assets FX review: Regulations, Platforms, Trading Instruments and Broker Ratings.

Great spreads and free EA's.

Review Moderation Team Note: 5 star rating removed.

This review came from the same location as the review from "Tero Sahrakorpi, Espoo, Finland" who appears to be an AssetsFx employee.

Per FPA policy, the rating on this review has been set to Zero stars.

The FPA does not appreciate review spammers.

They forced me to close my account and kept my money, never sent the balance back. This company is a scam

I considered this broker as a good trading partner, but sudenly it seems they went dark and dont process withdrawals anymore. I am waiting for 1 month for my withdrawal, they just replied to my emails once with a very short and strange information:

"Hi,

Unfortunately there will be some additional delay with this due to
certain operational issues."

Since then there is no reply.

I've had an account here for a few years, and based on the brokers taking US customers, i give them 4 stars (if it were based on all brokers, it would be 1 or 2 stars). They do respond to emails fast enough for what i need. I am able to deposit and withdraw with no problems. They ever updated their website to look a lot better (it was horrible a few years back). Though the spreads arent the best.......i never sensed any "foul" play as with other brokers taking US customers.

This is an update to my review from last year. These guys have switched LPs two times in my tenure here, and every switch has been worse and worse. The spreads keep getting wider and wider, I've noticed a lot of slippage recently (and I'm trading very small amounts), and customer service has decreased dramatically. Withdrawals have taken 4-5 business days (as opposed to their stated 1-2) and the fees on withdrawals and deposits have gone up.

All in all it's been a worse experience over the past year and a half for me. Terrible spreads and execution coupled with terrible customer service that is slow to respond and doesn't address concerns. There are so many good brokers that have opened up recently, no need to screw around with these guys. A good rule of thumb i've noticed, if the broker accepts deposits less than $500, be careful.

2015-03-05 4 Stars So far so good with this broker. They have decent spreads (not the greatest during news though). Slippage is really low also. Never really had an issue with execution.

A note on the spreads, during some recently news (a medium impact event on FF) the spreads opened up to about 30 pips on the AUDUSD. I had my SL at BE and was "stopped" out nowhere near the actual price. I e-mail AssetsFX right away saying that isn't acceptable and they honored my TP level! I have never seen a broker do this. I haven't withdrawn yet so I can't speak on that.

They seem to an honest broker with a genuine care for clients. The reason for 4 stars is because I haven't withdrawn yet which is one of the most important aspects.

I was hesitant at first being a unregulated broker but i have used assetsfx for years now and have not had any problems, i have used to many brokers to list and assetsfx is my favoirite retail broker, because of good trading conditions and lower cost than most other brokers i have used. In fact they reimbursed my $45 wite transfer fee from my bank, for no reason they did not have to do that.

I like this company, I get the feeling that it was started by some successful traders who wanted better conditions. I love how my orders get opened and closed on a dime, no requote crap...

(Like almost any broker, you're stupid to try and scalp non farm payroll, or be stuck in a trade when that happens, obviously spreads widen...)

Spreads with Assetsfx are really good!

Like someone mentioned, their software is a whitelabel for an institutional firm in Ireland.. I won't be trusting them with all my money but definitely allocate a portion. In a world with 98-99% greedy steal-all-your-money, f-u-over-any-way-they-can brokers, these are one of the good guys. ;)

Started trying them out today, since I was inclined to use a service in my area.
Their spread jumps to 30 pips on a dime, if price moves 20 in one bar on the 1 min chart, the spread will go from it's average 15 pips to a dashing 30 and stay there for a while.
As an ECN that charges commission, these spreads are ridiculous. Am going to try them out during high liquidity but I would never ever use them after London closes.

I have used AssetFX for a few months, and will back-up what Gary S is saying. I too was kicked out of Finfx and this became the next choice if I wanted to do business in Finland. This company has potential. Their website however scares the crap out of me. It might be a small operation with only 1 or 2 people working it, who knows. The back office is kind of crappy as well. It seems they bridge their services from a company called Squared Financial. I’m cool with that, but they need to put money into their website. Concerning their spreads, it’s probably the best I have encountered (even better then FinFX). I have tried AssetsFX compared to FX Choice and Tallinex (all accepting US customers). I’m pretty ok with the Paypal withdrawal thing as well. Customer service was pretty good.

I've been investigating AssetsFx as a possible broker after getting kicked out of FinFx who I regarded as an excellent broker, Finland is a good country to have a Forex broker in even though they don't have a regulatory body like the CTFC or others. This doesn't mean The Finnish government isn't keeping an eye on Forex brokers and Finland is no 3rd world county in a place that you've never heard of either. With that said I'd have no reservations about opening an account with any Forex broker in Finland just on the bases that they aren't reg-ed.

The problem I'm having with opening an account with AssetsFX is for one The Client Login page isn't completely secure according to my FireFox browser 36.0.4 and The Deposit Funds page shows no security at all !!!

The Login page wants a password and the Deposit page wants a MT4 login.

Strangely enough when I use Explorer those pages show https (no lock icon anywhere) and Explorer tells you that it is blocking insecure content. But if you start clicking around the other links sometimes once secure pages don't show https again!

I'm not sure what to make of this but needless to say its concerning!

The other problem I'm having with opening an account is that they don't have 24/5 live support! Is that crazy or what!?

Other then that the Demo is working fine and if not for the page security and lack of 24/5 support I might have opened an account with them already, but at this point unless I can get some reassuring answers from someone in regards to security I won't be opening an account with them.