Asset Gates Review Is Assetgates.com Legit Or Scam

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Asset Gates Review: Is Assetgates.com Legit Or Scam?

Assetgates.com Review: this is the website of a broker that is located in the offshore region of the Marshall Islands. Is it safe to invest funds with Asset Gates? Since this is an offshore based brokerage, funds safety is not assured. Find out more about this company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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Asset Gates reveals that it is operating from the Marshall Islands, which as we stated is in an offshore region. Forex trading goes on without proper regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of Asset Gates

The broker offers clients “exclusive access to world-class trading platforms and favorable trading conditions”. They claim that this will help clients to become successful traders. There are multiple fund deposit and withdrawal options giving traders flexibility and freedom. Their conditions are also stated to be transparent, secure and reliable.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Asset Gates Trading Platform

The MetaTrader 4 trading platform is made available for clients of AssetGates. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are forex currency pairs as well as CFDs on cryptocurrencies. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

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The maximum leverage offered to clients is 1:100 and while this may seem generous, it is not advisable. High leverages can lead to a huge loss of funds as well. Spreads start from 0.1 pips.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Asset Gates

The means of making deposits and withdrawals with this broker are VISA, MasterCard, Bank Wire, American Express, Bitcoin, and ethereum. We are discouraged that e-wallets are not named because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required to trade with the broker is not disclosed. This is another discouraging discovery as we know that the obtainable average among brokers is from $100 to $250. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Asset Gates Licensed?

No. Asset Gates is not a properly licensed and registered broker. Even if anyone comes across a mention of licensing from this firm, so long as it is based in the offshore location, it is not likely to be a trustworthy one.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To get in touch with the broker or an agent of its customer service, dial +442031908717 or email at [email protected]

Conclusion

Asset Gates is not a properly licensed broker and is thus rated low by us. The trading conditions are not clearly stated. It supports a MetaTrader platform and gives some impressive trading instruments. The spreads on the demo account are too low and unrealistic.

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Asset Gates Review – is it scam or safe?

Trading Accounts and Conditions

Trading account Min. deposit Max. leverage Spread
Standard N/A 1:100 0.1 pips

Asset Gates is an offshore forex and CFD Broker, which supports the good old MT4 and offers its clients A Standard account as well as an Islamic (swap-free) one. If you consider investing with them, take a note of the following review. As you can probably guess by the low score we gave this broker, we don’t recommend it, and the reasons for that are highlighted below.

Asset Gates Advantages

MT4 available, up to 1:100 in leverage

Asset Gates uses the popular MetaTrader 4 (MT4) as trading platform. This fully-featured software is known for its ease of use, large number of options, top-notch charting and technical analysis tools. This stable and reliable platform offers API connectivity, multiple types of orders, as well as Expert Advisors for automated trading.

Furthermore, Asset Gates offers leverage up to 1:100, which is a solid ratio and would suffice the needs of most traders.

Rich product portfolio, crypto CFDs available

Another possible benefit of this broker is its rich product portfolio. It includes many currency pairs from all over the world and a wide variety of CFDs, including cryptocurrencies like Bitcoin. A product portfolio that diversified allows for better risk management, yet it does not change the fact that Asset Gates is not regulated. So, you might take a look at our list of recommended forex brokers which also offer trading in wide range of assets, Bitcoin included.

Asset Gates Disadvantages

Offshore broker, targeting European investors

Asset Gates is a brand owned by Akiv LTD., a company registered on the Marshall Islands. Forex brokers in this offshore zone are not subjected to an obligatory licensing regime, nor are monitored by any financial authority. This means that Asset Gates is not entitled to operate on any regulated financial market such as the EU, USA, Canada, Asutralia, etc. Nonetheless, the broker admits it targets European investors.

Furthermore, while researching the brokerage on the web we came upon an official warning issued by the Belgium’s FSMA against the other brand of Akiv LTD. – StockGlobal. Such warnings in Forex trading are a serious red-flag and mean that traders should steer clear of Asset Gates.

Trading costs not specified on website, unrealistic demo spreads

The broker has not specified the initial investment required, nor has indicated any reference spreads, which always leaves a bad impression, as it shows lack of commitment and transparency. Yet, one can test its MT4 for free, and this is exactly what we did.

Click on the image to view larger.

The spreads we saw on the demo trading account were as low as 0,1 pips on EUR/USD, and no commission applied. If the trading conditions are the same in live trading environment, there is no way for the to be profitable. Here you may take a look at the real-time spreads of some major forex brokers:

We suppose that the spreads on live accounts are higher, or commission applies. Of course, another possible explanation of these unrealistic trading conditions is that Asset Gates is simply a scam that manipulates the trading platform.

Conclusion

Asset Gates is an offshore broker that appears to target mainly European investors, which is, of course, illegal. Overall, the lack of regulation and the regulatory warning against the company operating the brand inclines us to suspect that potential clients of the brokerage may be open to substantial risk.

That is why we always advise investors to deal only with brokers licensed by prestigious governmental agencies, such as the CySEC in Cyprus or ASIC in Australia, for example. These authorities require compliance with a number of strict rules that give significant assurance for the security of the clients funds.

And finally, here are the highlights of the present review of Asset Gates:

Pros Cons
Solid leverage, wide range of assets Offshore broker, targeting European investors
MT4 available Company blacklisted by CONSOB
Trading conditions not fully disclosed
Unrealistic demo spreads
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Asset Gates Review: Is Assetgates.com Legit Or Scam?

After doing some research, we found out that a lot of traders are reporting Asset Gates and writting bad reviews about it.
It seems like they are not happy about it and they warn others not to trade with them.

It’s always important to know what other traders are thinking about a broker before using it and we can say that they are not saying good things about Asset Gates.

What do regulators say about Asset Gates ?

This is the most important thing you need to know about a broker before using it. Is Asset Gates regulated ? Is it an offshore company ?

Most brokers are unregulated or regulated by an offshore regulation authority which won’t help you in case of problem. Keep in mind that if a broker steal your funds, you won’t be able to complaint about it unless they are licensed by a serious regulator such as the CySEC (Cyprus Securities and Exchange Commission).

An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.

Asset Gates is an unregulated offshore broker owned by Akiv Ltd and located at Trust Company Complex, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960.

They can be contacted by phone at this number : +442031908717 or you can send an email to [email protected]

You should definitely avoid any unregulated or offshore broker and Asset Gates is one of them.

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