Heard of Asia TradePoint Futures forex broker? Is this broker a reliable or scam? Read Asia TradePoint Futures reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About Asia TradePoint Futures
Asia TradePoint Futures otherwise known as asiatradefx.com is an offshore brokerage with a lot of promises for forex traders. The forex company is based in Indonesia.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Asia TradePoint Futures Minimum Deposit
Asia TradePoint Futures deposit is 50,000,000 Indonesian Rupiah or 5,000 USD according to the FAQ section. In comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
On the website there is no data about the payment methods this broker accepts. The demo account does not have access to the deposit menu, so we were unable to ascertain what transaction options were available.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Withdrawal process:
Asia TradePoint Futures withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
Asia TradePoint Futures Platform:
Asia TradePoint Futures offers industry-standard trading software MT4. While this platform is still very popular among traders, most leading brokers now offer the newer and more capable MT5 platform.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
What We Discovered about asiatradefx.com Broker
A check of the Indonesian Commodities and Futures Trading Regulatory Agency (BAPPEBTI) database confirms that the legal details on the Asia TradePoint Futures website are correct.
Asia TradePoint Futures does not provide access to documentation such as Terms and Conditions or Client Agreement, as are required for financial service providers operating in more highly regulated jurisdictions.
More so, it is notable that the Indonesian regulator’s databases do not include information on approved domains. This creates an opportunity for fraudsters to illegally use the details of licensed companies.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Final Thoughts:
Asia TradePoint Futures located at asiatradefx.com is an Indonesian forex broker that offers a basic service package and not particularly competitive terms. Therefore, we urge our readers/ traders to rely on regulated brokers like this or any licensed entity.
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