Broker Review

What the website claims

According to the “About” section on longasiagroups.com:

• Long Asia was founded in 2012 by a team of finance professionals.

• It offers a wide suite of services: investment opportunities, portfolio management, social trading, funds management and research analysis.

• It claims to provide access to 600+ products (forex, metals, indices, cryptocurrencies and commodities) and has a presence in “22 cities” globally.

• The website lists its registered address as “Beachmont Business Centre, Suite 439, Kingstown, St Vincent and the Grenadines”, with registration number 27274 BC 2025, and contact email support@longasiagroups.com and telephone +1-784-457-1332.

• It advertises different account types (Cent, Standard, ECN) with leverage “up to 1:500”, minimum deposit levels such as US$100 (or even US$10 for “Cent”) and multiple trading products.

So, on its face, Long Asia Group presents itself as a full-service brokerage offering global market access and trading across many asset classes.

Evidence raising concerns

1. Lack of valid regulation

   • Reviews indicate the company claims regulatory ties (for instance via South Africa’s Financial Sector Conduct Authority (FSCA) or New Zealand) but verification shows these claims are false, withdrawn, or unverifiable.

   • The Financial Markets Authority (New Zealand) (FMA) has issued a warning that longasiagroups.com and related site longasia.io are not authorised in New Zealand and falsely claim to be operated by a New Zealand company.

   • Many reputable reviews conclude the platform is “unregulated and suspicious”.

2. Reported complaints of withdrawal issues & affiliate introductions

   • The New Zealand regulator noted multiple complaints from investors who could not withdraw funds after investing via Long Asia.

   • Several websites reviewing the broker list typical scam-broker behaviour: high-pressure marketing, “bonus” incentives, inability to withdraw larger sums, unclear terms.

3. Questionable transparency / company information

   • The website gives a registration number in St Vincent & the Grenadines, an offshore jurisdiction with limited investor protection compared to major financial regulators.

   • The company claims to be founded in 2012 but other checks suggest the domain is more recent and other details appear generic or templated. For example, website trust-rating sites flag vague content and generic promises.

4. High-risk product offerings and leverage

   • The offering of “up to 1:500” leverage and trading across many asset classes by a broker with unclear regulation is a common pattern in high-risk/unregulated environments.

My assessment / summary

• On paper, Long Asia Group via longasiagroups.com presents itself as a broker offering global markets, a broad product range, and easy access for traders.

• In reality, the lack of credible regulatory oversight, multiple independent warnings (including from regulators), and various reports of withdrawal difficulties strongly suggest that the platform carries significant risk, and may be operating in ways consistent with brokerage-scams rather than a fully legitimate regulated broker.

Final word

In the world of online trading, especially with forex and CFDs, regulation matters. A well-regulated broker brings oversight, investor protections and transparency. In the case of Long Asia Group, the combination of appealing marketing and serious warning signs means the risk of loss appears elevated.