ASA

Note: ASA's official website: http://www.asagd.com/en/ is currently inaccessible normally.

ASA Information

Foundated in 2011 and registered in the United States, ASA is a trading company. The broker backs the MT4 trading system. Its present regulatory situation, however, is under investigation as a fraudulent clone reportedly controlled by the Chinese Gold & Silver Exchange Society in Hong Kong under a DS License (License Number 087).

Is ASA Legit？

Claiming to be under control by the Chinese Gold & Silver Exchange Society in Hong Kong under a DS License (License Number 087), the broker But differences in the domain registration and the regulatory information point to a possibly phoney clone license. ASA's domain does not match the official data of the licenced university, suggesting possible fraud.

Downsides of ASA

Website not available: The main website can't be reached right now.Lack of transparency: not enough details about how things work and how much money is coming in and out.Regulatory worries: a fake regulatory license is thought to be present.Withdrawal problems: There have been many stories of problems with taking out money.

Negative ASA Reviews on WikiFX

On WikiFX, “Exposure” is listed as a word-of-mouth recommendation gathered from users. Before trading on unapproved platforms, traders are advised to check material and evaluate risks. For relevant information, kindly review our platform. Report dishonest brokers via our Exposure area; our staff will try to address any problems you come across.

As of now, there were 3 pieces of ASA exposure in total. I will introduce 2 of them.

Exposure 1.

Users report that the website has been maintained for a year, preventing withdrawals. This protracted maintenance and withdrawal issue poses operational and financial implications for platform users.

Exposure 2.

MT4 operations are operating, but the deposits and withdrawals website has been down for six months, preventing withdrawals. The service line and email are unresponsive, posing operational and financial concerns to users.

Conclusion

Trading with ASA is not safe due of the broker's claimed false clone license, continuous issues with website maintenance, and withdrawal trouble. Users are advised to use with brokers with open and verified regulatory background in order to ensure the protection of their money.