AssetGroup is a forex investment platform with a good strategy but poor execution. Nevertheless, the platform appears to be the darling of website designs. Asset Group has a cool concept and an engaging website with easy navigation. In regards to the set conditions, they seem favorable on most occasions. The platform, however, fails to convince us of their professionalism and end goal. Here’s a complete ASSETGROUP REVIEW.
According to their homepage, AssetGroup is a company founded to help investors meet financial goals. All this sounds okay up until the very same platform blocks withdrawals from clients. It’s the reason the platform caught our attention.
We had to dig deep to find out why investors are raising the red flag with this platform. But, unfortunately, it seems none of them has made any withdrawals for the past few weeks. And this is the reason why we insist you lay low as we have damning evidence.
The platform claims to provide superior access to the global markets. Among their sales pitch includes offering over 300 trading tools and a 20 percent insurance cover. However, we are sure they are just using words; there’s no actual insurance cover.
Deciding which investment platform to use can be a daunting task. And that’s why you need tested investment platforms that enjoy the backing of regulators. So ensure you sign up with industry-leading regulators for a safe investment experience.
We have to give AssetGroup credit for creating an engaging website. All the information is there for everyone to see with straightforward navigation. What remains to be seen is the reward that comes with investing with them.
Before committing funds to any platform, we recommend you do due diligence; make sure to dig deeper and find out what others are saying about the platform. You will have prior knowledge before losing funds to such a platform.
AssetGroup offers four account types with the minimum allowed deposit set at $250. When it comes to certain regulatory rules, the platform does well to follow them. The four accounts include Micro, Mini, Macro, and Maxi.
Let’s take a closer look at each of these accounts
Micro
The Micro account is the most basic account type on offer. It offers users instant order execution and maximum leverage of 1:50. Other notable features include account insurance of 5 percent and manager support 24/5.
Mini
With the mini account, members must deposit $1,500 to start using the platform. The leverage for the mini account is set at 1:75, with the spread starting from 1.3 pip. In addition, you get 10 percent account insurance and a personal account manager.
Macro
Investors must deposit $10,000 to start using the macro account. The minimum lot per trade is set at 0.01, with the platform promising a 15 percent account insurance. In addition, you get both manager support and a personal account manager.
Maxi
It’s the most exclusive account or the VIP account on offer. The account targets high-end and institutional investors. The minimum allowed investment amount is $20,000 with a maximum leverage of 1:200. And this is where things turn for the worse for investors.
Despite claiming to offer account managers, there are some glaring mistakes these managers make. One of them is to call members and to try to solicit funds from them. As a result, you will get a call from a different manager every time you deposit more funds.
In their grand scheme, these account managers claim to have a thrilling investment proposal. The catch is that you have to add more funds to get into the investment scheme. So those who decide to invest end up ruing the decision.
Account managers are supposed to offer advice to investors in matters of trading. These are soliciting funds from members in the name of earning high profits. But, at the end of the day, you lose your investment, and the account manager goes dark.
When you attempt to contact support, they will replace the account manager with another one. The platform will insist the previous manager is away on leave. You will have to wait until they get back. Sadly, you won’t hear from them again.
Your funds are far from safe with a platform that fails to offer investors a favorable investment environment. In addition, the platform fails to deposit the minimum capital requirement with authorities. And this means there’s no insurance cover from regulators.
If and when the platform decides to close shop, no one will get any notification. You won’t get any compensation as there’s no regulatory framework in play to protect investors. We also believe the platform is not segregating accounts as dictated by law.
AssetGroup is not a valid investment platform as they don’t provide any documents to prove it. Furthermore, the platform is an offshore and unregulated platform without any oversight. And this means they will dictate terms without involving regulators.
Woe unto you who signs up with an offshore and unregulated platform. There’s no way you can recover funds from such a platform. And this is why they go against the norm and offer a maximum leverage of 1:200.
When looking for a favorable investment platform, ensure you use a completely compliant one. Go for platforms that reputable institutions regulate. These include ASIC, BaFIN, CNMV, CONSOB, CySEC, FCA, FINMA, FMA, FSA, and the SEC.
The above regulators will ensure all parties follow the laid rules. As a result, you will enjoy safe trading conditions and a guarantee of safety protection. Without any regulation, the market becomes the Wild West.
Although the entity claiming ownership is Asset Group, there are no records of them. What we have is a company listed as the owner of Asset Group. The name found at the footer of the homepage is Widdershins Group Ltd.
There’s no company registrar with any information on the above two entities. We also don’t have information on the people running the platform. There are no names of the CEO or CFO of the platform.
Anonymity is one feature that you must avoid when investing with online platforms. Please stay away from any anonymous investment platform as they are high-risk. Without any names, we don’t know who to hold responsible.
You should also ensure the platform offers ample and timely support to investors. Although there’s a live chat tab, it only sends messages. You don’t get to talk to a live agent. And this puts the communication channels at peril.
The platform has a contact page that only has an email listing. There’s no other way of getting in touch with support. You would expect the platform to give members a live support channel such as a telephone number.
You can only fund accounts using bank and wire transfers. Once you register, the platform sends you an email with the bank account details. Members are to send their deposits to this bank account.
It might take 24 hours or more for the funds to reflect in your account. The biggest hurdle facing investors with this platform is withdrawal. None of them has made it to this point in the last couple of weeks.
Here are the primary reasons why we won’t recommend assetgroup.io to investors
And now you know the risks that come with Asset Group
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