The United Kingdom’s Financial Conduct Authority has issued a warning against All Assets Trade in October 2023
If you are looking for a reliable and trustworthy online broker, you might have come across All Assets Trade. This platform claims to offer a wide range of trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies. But is All Assets Trade a legit broker or a scam? In this review, we will examine the features, pros, and cons of All Assets Trade and help you decide if it is worth your time and money.
What is All Assets Trade?
All Assets Trade is an online trading platform that was launched in 2018. It is owned and operated by All Assets Trade Ltd, a company registered in St. Vincent and the Grenadines. According to its website, All Assets Trade has over 250,000 clients from more than 100 countries and offers access to over 1,000 trading assets.
All Assets Trade provides four types of trading accounts: Basic, Silver, Gold, and Platinum. Each account has different minimum deposit requirements, spreads, leverage, and bonuses. The Basic account requires a minimum deposit of $250, while the Platinum account requires $50,000. All Assets Trade also offers a demo account for beginners who want to practice their trading skills without risking real money.
All Assets Trade claims to use the MetaTrader 4 (MT4) platform, which is one of the most popular and advanced trading platforms in the industry. MT4 allows traders to customize their trading environment, use various technical indicators and tools, execute orders with fast execution speed, and access multiple chart types and timeframes. All Assets Trade also has a web-based platform that can be accessed from any browser and a mobile app that is compatible with Android and iOS devices.
All Assets Trade supports various payment methods, including credit cards, debit cards, wire transfers, e-wallets, and cryptocurrencies. The minimum withdrawal amount is $100 and the processing time may vary depending on the payment method. All Assets Trade does not charge any deposit or withdrawal fees, but third-party fees may apply.
Is All Assets Trade legit or scam?
While All Assets Trade may seem like a legitimate broker at first glance, there are some red flags that indicate that it may be a scam. Here are some of the reasons why we do not recommend All Assets Trade:
- Lack of regulation: All Assets Trade is not regulated by any reputable authority, such as the Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. This means that it does not comply with any rules or standards that protect traders from fraud, manipulation, or abuse. If you trade with an unregulated broker, you have no legal recourse in case of any dispute or issue.
- Fake reviews: All Assets Trade has many positive reviews on its website and social media pages, but these reviews are likely to be fake or paid for. The reviews are very generic and vague, without providing any specific details or evidence of their trading experience. Moreover, some of the reviews use stock photos or images of celebrities as their profile pictures, which raises suspicion about their authenticity.
- High-risk bonuses: All Assets Trade offers generous bonuses to its clients, ranging from 20% to 100% of their deposit amount. However, these bonuses come with very strict terms and conditions that make it almost impossible to withdraw any profits. For example, you have to trade a certain volume of lots before you can request a withdrawal. If you accept a bonus from All Assets Trade, you may end up losing more money than you invested.
- Poor customer service: All Assets Trade has a very poor customer service that is hard to reach and unresponsive. Many clients have complained that they cannot contact the broker by phone or email and that their requests are ignored or delayed. Some clients have also reported that they have been harassed by the broker’s agents who pressure them to deposit more money or prevent them from withdrawing their funds.
Based on our research and analysis, we conclude that All Assets Trade is not a legit broker but a scam. We advise you to avoid this broker and look for a more reputable and regulated one instead. Trading with an unregulated broker is very risky and can result in losing your entire investment.
What to Do If You’ve Lost Money with All Assets Trade?
If you have been scammed by All Assets Trade or any other broker, you’ll want to seek assistance from cryptocointrace.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Cryptocointrace.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.