Asset Allokation Review – Once a Fraud, Always a Fraud

The table below displays two websites, with the latter one being inactive. The reason why it got taken down is the regulatory pressure from the German financial authority.

Yet, the scammers refused to yield and instead decided to launch a new website and continue performing illicit activities. Therefore, it’s imperative to go guns blazing on these fraudsters and make sure their scheme fails. Read our truthful Asset Allokation Review to find out why this platform is dangerous!

Broker status:	Unlicensed Forex Provider
Regulated by:	Unregulated
Operating Status:	Active Forex Trading Scam
Known Websites:	asset-allokation.org (active), asset-allokation.com (inactive)
Blacklisted as a Scam by:	BaFin
Owner:	Asset Allocation Ltd.
Headquarters Country:	Germany (allegedly)
Website Active Since:	2024-01-05
Online Trading Platforms:	WebTrader
Mobile Trading:	Unavailable
Minimum Deposit:	250 USD
Deposit Bonus:	30%-100%
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Yes – BTC, ETH, LTC…
Available Trading Instruments:	Forex, Indices, Commodities, Stocks, Cryptocurrencies
Maximum Leverage:	1:500
Islamic Account:	Unavailable
Free Demo Account:	Unavailable
Accepts US Clients:	No
Global Fraud Protection Experts’ Verdict:	Stay Away from this Scam

Is Asset Allokation Regulated?

First stop – the Asset Allokation regulation affair. As we mentioned, the stern German market watchdog, BaFin, launched an investigation into the broker’s suspicious activities on May 17, 2023.

The warning cites identity theft as the main violation. This lack of an official license implies that the provider operated illegally, thus violating German laws. Investing in such a platform carries enormous risks.

Should you lose your funds, you cannot count on the compensation scheme legitimate European brokers offer. For a safe trading experience, we recommend finding an approved company that’s regulated by a top-tier financial body such as the FCA (UK), BaFin, CFTC & NFA (US), ASIC (Australia), IIROC (Canada), etc.

Why Financial Market Regulations Matter

Brokerage firms that apply for a regulatory license under esteemed financial jurisdictions such as the European Economic Area (EEA), of which Germany is part, must put forth a large operating capital of at least 730,000 EUR.

Furthermore, they must provide users with negative balance protection, a segregated account in a top-tier bank, a safe leverage cap (1:30), and a compensation scheme contract worth up to 20,000 EUR.

Failure to comply with such requirements usually results in legal cases and trials, as was the case with the BitMEX exchange.

Trader Reviews – Sharing Experiences

After searching far and wide, we failed to find Asset Allokation reviews and relevant feedback that would help us better understand the firm. The forums are empty. Then again, it comes as no surprise given how big a financial swindler this provider is.

Nevertheless, you must always read what users wrote about a certain firm before making any deals you may later regret. Regulatory warnings are the best indicators for identifying trading scams, as we stressed in our ByAlpha review.

Who Are Asset Allokation’s Targets?

According to Whois, the asset-allokation.com was active from February 2023 until January 2024. The currently active asset-allokation.org website domain was created on January 5 this year. For more than a month now, the financial swindlers behind the platform have been targeting mainly European traders from the following countries:

• Germany;
• Switzerland;
• Austria;
• France;
• Italy.

What do these states have in common? They have heavily regulated markets protected by rigorous laws. Unlicensed imposters such as the Asset Allokation broker have no business deceiving local traders and investors.

We again stress that BaFin blacklisted this platform for not possessing the necessary permit to offer services in Germany. If the money you deposited suddenly vanishes from your account, you cannot count on financial compensation.

Which Trading Platform Is Available?

The Asset Allokation trading platform is web-based. It does include fundamental tools such as charts, graphs, and indicators but lacks advanced and sophisticated features. As for its interface, it looks pretty unpolished. There’s also reason to believe the platform is manipulated to display fake profits. That way, tricksters create an illusion of real trading and lead users into a trap.

For a pure trading experience, we recommend you find a licensed operator that offers renowned third-party software such as MetaTrader 4, MetaTrader 5, or cTrader.

MT platforms support cutting-edge tools, including automated trading bots, real-time market reports, advanced charting features, user-friendly interfaces, support for multiple timeframes, and lightning-fast order execution.

Trading Conditions – Leverage, Spreads, Commissions

Asset Allokation’s leverage ranges from 1:200 to 1:500, which is higher than the legal cap for retail clients in force in Europe(1:30) and North America (1:50), meaning the broker directly violates regulations.

Trading with really high leverage in trading can magnify potential profits, but also has the potential to lead to terrible losses you won’t be able to recover from.

According to the website, the spreads can go as low as 0.0 pips, which is ultra-tight and competitive but there’s no mention of commissions. Fraudsters are known for including hidden fees. Not offering users a risk-free demo account was no coincidence. It’s a deceptive tactic that forces traders to invest real funds right off the bat, enabling digital thieves to steal them quickly.

Deposit and Withdrawal Process

The website lists three available payment methods that can be used to fund live accounts and withdraw generated profits:

• MasterCard & VISA credit/debit cards;
• Wire transfers
• Bitcoin.

The Asset Allokation minimum deposit is 250 USD, which is in line with the industry average. However, it is highly unlikely that you will be allowed a single withdrawal.

In that case, you should explore the chargeback option. If you have deposited funds via MasterCard or VISA credit/debit cards, a chargeback allows for a reversal within 540 days. On the other hand, you can request a recall to undo wires but only if the transaction has not yet been processed.

What about crypto? Tracking down such payments is made possible by Fusion Forensics Limited, an advanced software employed by MasterCard. But, you’ll need professional assistance. We thus urge you to reach out if you’re frustrated about Asset Allokation withdrawal issues. Our experts deal with such cases regularly.

What Should I Do If I Have Issues With Asset Allokation?

Hiding behind a cutthroat facade, the phony broker targets European traders and investors residing in Germany, Austria, Switzerland, France, and Italy. Consequently, BaFin issued an alert about the scheme.

Since the platform is unregulated, it can easily steal your funds. In our analysis, we have stressed the importance of regulations and why it is better to trade on platforms supervised by recognized financial market watchdogs.

If you have fallen victim to the Asset Allokation scam, please book a free consultation with Fusion Forensics Limited. We have a team of experts who can assist you in the fund recovery process and get your money back as soon as possible.

Book your free consultation today and get your money back.