✔️ Information reviewed and updated in September 2024 by Pedro Martínez González
In this section we will provide you with our assessment of whether we consider ASX Markets to be a safe or unreliable company. Read our full review for all the details!
We have analyzed the website, observed every detail and examined the main characteristics that are taken into account when choosing a good broker, such as the location, the company to which it belongs, its regulation and its reputation...
Below we will show you essential information about ASX Markets and we will tell you why we reached such a conclusion:
Basic Information
| 🌐 Website | asxmarkets.com |
| 🏠 Company* | Mentions being part of ASX Markets |
| ️ Regulatory | Mentions being regulated in SVG (Saint Vincent and the Grenadines) |
| [email protected] | |
| 📈 Continental | MT4 and Webtrader |
| 📌 Address | Mentions being located in Saint Vincent and the Grenadines |
| 🕑 Website age | Website registered on: 2019-07-26 |
| ❓ Company type | Forex, CFDs and cryptocurrencies broker |
Company: ⚠️ ASX Markets is owned by ASX Markets.
Location: ⚠️ ASX Markets claims to be located in Saint Vincent and the Grenadines, a location we do not recommend at all. Placing your trust in a company based here implies a high risk, since your money will lack any protection. We strongly recommend that you think carefully before trusting this company.
After extensive analysis, we are deeply concerned about a number of features of ASX Markets.
What is ASX Markets?
After having carried out an analysis of the company's website, we can say that ASX Markets is a: forex, CFDs and cryptocurrency broker .
Account types
Now we will analyze the types of accounts offered by ASX Markets, in this case, we observe that it offers 4 different types of accounts:
| Account type | Minimum initial deposit |
| ASX FIX | $0 |
| ASX VARIABLE | $0 |
| ASX VIP | $0 |
| ASX RAW ZERO | $0 |
Information on the web
Here we show you a screenshot of the ASX Markets website, which is asxmarkets.com. The capture was made in June 2024.
Contact: phone numbers and email
After having performed an analysis of the website:
– We have found the following phone number: +84 1900 299 990
– We have found the following email: It does not mention your email
ASX Markets Regulation
We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:
This company mentions being regulated in Saint Vincent and the Grenadines, this location is used since the regulation of this type of country is practically non-existent. It is almost the same as working with an unregulated broker. That is, if you work with a broker with this type of regulation, unfortunately you are 100% unprotected. Therefore, at the regulatory level, unfortunately ASX Markets is a completely dangerous and very unsafe broker.
🚫 ASX Markets Final Valuation 🚫
As you can see, we have carried out a detailed and complete analysis of the most important characteristics of ASX Markets and we have reached the following conclusions about this company:
Location: The company mentions being located in a VERY UNSAFE location, such as Saint Vincent and the Grenadines. This region, although attractive to some companies due to its more lax regulation, is known for its lack of security in terms of protecting investors and their assets.
Regulatory: They claim to be regulated by an unserious and, above all, unsafe body, also in Saint Vincent and the Grenadines. This choice of regulation poses a clear lack of security and confidence in regulatory terms. The lack of a robust and reliable regulatory framework increases the risks associated with investing and leaves investors vulnerable to potential unethical or fraudulent practices.
ASX Markets presents itself as a forex, CFD and cryptocurrency broker, but its claims about its location and regulation raise serious concerns. Although it claims to be located in Saint Vincent and the Grenadines, an area known for its lack of security for investors, its claims to be regulated by a non-serious body in the same region increase doubts about its reliability. Choosing such a questionable location and regulation suggests a lack of commitment to transparency and security, which can expose investors to significant risks.
The lack of a robust and reliable regulatory framework increases the risks associated with investing through ASX Markets. Investors should be extremely cautious when considering any transaction with this company, as the lack of proper regulation may leave them vulnerable to unethical or even fraudulent practices.
🚨🚨 Conclusion: for the reasons mentioned our conclusion is that it is a very unserious and very unsafe company. It is advisable to exercise extraordinary caution in the presence of various risk signs. 🚨🚨
Updates
News about ASX Markets:
| Date | Update – news |
|---|---|
| March 2023 | We receive a large number of messages from ASX Markets clients who claim that they cannot withdraw their capital. |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with ASX Markets.
At the end of the review you will find customer comments.
How to Recover Funds Scammed by ASX Markets
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report to ASX Markets
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
FAQs
Are there alternatives (recommended) to ASX Markets?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
How can I report ASX Markets?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is ASX Markets trustworthy?
No. ASX Markets is not trustworthy, it is a very unsafe company: Although they claim to be located in Saint Vincent and the Grenadines, a location that is not considered safe, the veracity of this claim is questionable. Furthermore, its alleged regulation by a non-serious body in the same location increases doubts about its reliability and regulatory security. The lack of transparency and apparent inability of clients to withdraw their capital is cause for serious concern and underlines the need to exercise extreme caution when dealing with ASX Markets.
How to recover money from ASX Markets?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
This company is a hoax. I'm telling you from my own experience, don't do it, you'll thank me later. Greetings.
Hi Victoria, thanks for writing about ASX Markets. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY
Greetings.