ASJ Forex Global Review
ASJ Forex Global is a broker that scams traders by posting fake profits and then denies withdrawal requests. It’s not a licensed broker and should be avoided at all costs.
High leverage can lead to bigger profits and losses – which is why brokers regulated in the US cannot offer 1:300 leverage. This is why it’s important to research a broker before depositing any money.
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ASJ Forex Global is a company that claims to be a top-tier forex broker. It is based in Hong Kong and is licensed by FinCEN and finrac. It also offers a trading platform that helps traders minimize risk and maximize returns. However, there are some serious concerns about this company. Its website is currently down, and there are many complaints on consumer review sites and TikTok about its services. This company may be a scam.
The company’s website is a bit confusing at first glance, with a long list of different currencies and services. In addition to offering a variety of markets and liquidity pools, ASJ Forex Global has a number of educational materials for beginners. They also offer a free trial account. In order to access the free trial, you must sign up for a newsletter. The company’s email newsletter is updated daily, so it’s important to keep up with the news if you want to use this service.
Despite its high-profile investors, ASJ Forex Global is a classic Ponzi scheme that is unlikely to last long. It has been attracting victims from Asia, but its owners are now refusing to let them withdraw their money. This is a clear sign that they are a scam and should be avoided at all costs.
In the past few days, dubious online blogs have reported that ASJ Forex Global received a strategic investment from JPMorgan Chase. The company reportedly claims that this investment will help it to expand its business in the area of financial technology. However, this claim is completely untrue. JPMorgan Chase has denied that it made any such investment.
ASJ Forex Global is a scam that promises to pay you for recruiting other people into the scheme. It is a South East Asian-focused Forex broker and does not cater to any other market. Its website is available in English, Chinese, Malay and Indonesian (Bahasa). In addition to promoting the company, ASJ Forex Global has also made a number of promotional videos on YouTube, TikTok and other social media platforms. These videos are designed to appeal to a South East Asian audience and promote the company to them.
As an international investment firm, ASJ Forex Global is committed to deploying long-term growth strategies. In 2021, the company experienced a three-fold increase in trading volume and expanded its global investment team by 40%, including over 10% of its team leaders with more than 10 years of experience in financial markets. Additionally, the company has recently received investment from JP Morgan, an internationally renowned asset management firm.
ASJ Forex Global claims to operate out of Hong Kong, but they cannot be found on the list of brokers regulated by the Hong Kong Securities and Futures Commission. This is very suspicious, as Forex brokers in Hong Kong must meet fairly high regulatory standards and contribute to an investor compensation fund in case of bankruptcy. Additionally, the broker does not specify which payment methods they accept. Most brokers offer UnionPay, telegraphic transfers, local bank transfers, some e-wallets and cryptocurrencies. However, ASJ Forex Global does not mention any of these options on their website. In addition, they deny withdrawal requests unless traders provide KYC documents. This is another sign that this company is a scam.
The trading platform of ASJ FOREX GLOBAL Ltd. is accessible on PCs, tablets and mobile phones, so you can trade anytime and anywhere you have an internet connection. The company also offers a free demo account, so you can practice your trading strategies before you start investing real money. The trading interface is easy to understand and includes a number of advanced tools for traders. It also offers a variety of trading instruments, including forex, commodities and CFDs.
Nevertheless, the company is not regulated, and there are several red flags that should be a warning sign to potential investors. For one, they have no banking information listed on their website. This is an obvious indication that they are not a legitimate broker. Another red flag is their lack of customer support. Fraudsters usually cut off communications as soon as they receive a deposit from investors. They may even change their domain name to prevent people from reporting them to authorities.
Another sign of a scam is the fact that ASJ FOREX GLOBAL LTD doesn’t provide any contact details on its website. This is a common tactic used by fraudsters to conceal their identity and location, which makes them difficult to track down and stop. In addition, they often use fake regulatory licenses and address information on their websites to gain trust from unsuspecting investors.
It is important to remember that trading forex is a risky activity, and you should never invest more than you can afford to lose. It is also a good idea to diversify your investment portfolio by buying assets other than forex, such as stocks and mutual funds. This will help reduce your risk and increase your profits.
If you have fallen victim to this scam, don’t hesitate to share your experience in the comments section. This will help other investors avoid this broker and protect their funds. You can also get in touch with MyChargeBack to reclaim your lost funds. They have a simple, straightforward process that can save you time and money. Just follow these five straightforward steps to efficiently reclaim your funds.Author: JazzyExpert