Asa-GP Review – Main Features, Risks and Flaws Exposed

Important to note is that Asa-GP firm is not sharing any ownership details. As a Malaysian brokerage, they should have one of three domestic regulations at least. Preferably on top of that a Tier 1 license. That’s practically the only way to have a safe trading environment.

Yet, we are about to see if this firm obtained any. Stay tuned with this Asa-GP review because some findings might shock you.

Broker status:	Unregulated
Regulated by:	No regulations
Operating Status:	Active trading scam
Known Websites:	Asa-grp.com
Blacklisted by:	N/A
Owner:	N/A
Headquarters Country:	Malaysia
Foundation Year:	2022
Online Trading Platforms:	MT5
Mobile Trading:	Available
Minimum Deposit:	$500
Deposit Bonus:	N/A
CFD Trading Option:	Yes
Crypto Asset Trading:	No
Available Trading Instruments:	Forex, Commodities, Indices, Stocks
Maximum Leverage:	1:100
Islamic Account:	Not available
Free Demo Account:	Available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Without any trusted licenses or transparent legal documents, you can’t this brokerage anything. But keep in mind that our refund specialists are available if you are going through any withdrawal issues with them.

Is Asa-GP  Legit or a Scam?

Some of the main regulators in Malaysia are SC, LFSA and BNM. However, this company isn’t registered with any of these, even though they claim to be in the FSA register.

On top of that, Asa-GP doesn’t have any top-tier regulations like FCA, BaFin or ASIC. So, if you are going to trust this firm and you end up scammed, it can only be your fault.

How Does Asa-GP  Work?

Surprisingly, there are no reviews about the brokerage. Yet, they present themselves as an award-winning broker with 15 years of experience. There you go, manipulations on every corner. Additionally, they will give you dream conditions. Low spreads and no commission. But if you think about it, how do they make money then?

Obviously, everything you send to them will stay with them. If you know another way they are manipulating traders, feel free to share it with us. Especially if you have withdrawal issues because we can advise you about funds recovery steps.

Who Are Asa-GP  Clients?

Since 2022 when the company was first registered, they haven’t built a credible reputation. If you check our Kot4x review you will see why that might be a problem. In any case, it looks like this investment firm scams mainly traders from:

• United States
• Italy
• Kenya
• South Africa

We are looking forward to hearing what’s your experience. Feel free to leave a comment below or contact us directly for free advice.

What Are Trading Platforms Available?

On the positive side, ASAGP brokerage offers one of the leading platforms in the industry. That is MetaTrader 5. With all of the advanced features, it has occupied the hearts of many traders.

Generally speaking, you won’t find better tools for chart optimization, technical indicators and automated options. Yet, if the broker is not legitimate, all that is worthless.

Is the Asa-GP  Mobile Trading App Available?

Indeed, yes. All iOS and Android users can use this software on their mobile devices freely. Moreover, they won’t have to look for other options because all the functionalities are available on the mobile apps as well.

What Financial Instruments Does The Platform Include?

One of the disadvantages of this trading company is that they are missing crypto assets. In exchange, you are offered other 4 categories:

• Forex – GBP/EUR, USD/HUF, AUD/NZD
• Commodities – natural gas, crude oil, platinum
• Shares – American Airlines, Walt Disney, IBM
• Indices – DAX30, CAC40, FTSE100

Account Types Offered by Asa-GP

The account types don’t reveal any significant advantages. Practically, you have the same conditions for all, except that once you deposit higher amounts you will get some fictional promotions, exclusive offers and more. Anyway, you can choose:

• Alpha $3.000
• Beta $500

Can a Trader Use an Asa-GP  Demo Account?

One of the things included in the Beta account type is a demo. This is a positive thing. Yet, their minimum deposit requirement is still high, especially for an unregulated company. Not to mention there are top-tier licensed companies that require far less to start.

Asa-GP  Fees, Leverage and Commission

The leverage with the company is allegedly 1:100. And yet, in the United States maximum allowed according to regulations is 1:50. At least for retail traders.

In any case, the ASA-GP broker is offering quite low spreads from 0.2 pips. But it’s hardly believable it is that low. Most likely that’s one of many tricks they are using. The same as with the zero-commission policy. Moreover, they don’t have any other transparent fees. So, plenty of space for manipulation.

Is Asa-GP  Welcome Bonus Available?

Is the company offering a bonus directly, no. But they are offering some kind of promotions for their Alpha account. If that includes any bonuses, make sure you read the policy first. Otherwise, you might end up losing everything. To find out what we are talking about, check our Rich FX review.

Is Asa-GP  Withdrawal Possible?

Since the company doesn’t have legal documents, it’s hard to check their withdrawal policy. Therefore, you can only start guessing. But the ending is always the same.

Not to mention that none of the funding methods are transparently visible. Therefore, if you are required to pay in crypto, Skrill, Neteller or any other e-payment platform, forget it. After all, when it comes to withdrawals this broker can make any possible excuse not to allow it. They are not regulated so what you can do?

What Should I Do If I Have Asa-GP  Problem?

If you are having any issues with this firm, one of the options is to share your opinion online. This way you ensure other traders hear about your experience. Yet, to get your money back won’t be easy. Depending on the funding method you have to follow different steps.

We suggest you book a consultation with our experts and see what are your next steps. Don’t worry, our first consultation doesn’t cost you anything. Get in touch now and book yours!