On April 2021, we did a review of a phony broker called AssetsFX.com and we noted that the company was a big time fraud that claimed it would cease operations.

Unfortunately, the website is still alive and kicking but in the form of assetsfx.org rather than assetsFX.com.

These internet street gangs are obviously mutating with the intention of denying the filthy reputation they created for themselves while running AssetsFX.com.

In a nutshell, AssetsFX is an illegal CFDs Forex broker whose location is very far from any sort of reputable financial regulator.

The broker claims that they’re not allowing US citizens on their trading platform but apparently US citizens can still sign up and trade.

CFDs (Contract for Difference) are banned in the US. Trading these highly forbidden financial instruments is like wagering on a betting platform.

If person A wins, person B loses. One must lose their money for the other party to make money!

AssetsFX owns the betting platform and they’re responsible for every single loss you make on their trading platform.

And AssetsFX is always going to be the winner!

The outcome is binary in nature. This is a fact folks. There is no other way of playing CFDs.

AssetsFX Review

The company is allegedly called AssetsFX Global Ltd. It maintains this Facebook page where they’ve posted fake reviews and fabricated 5 star ratings.

The scammers provide a very weird physical address that is non-existent as I was not able to trace it on Google maps.

But why would someone give a misleading physical address if they are going to be the same persons handling your money?

And why would you even want to trust such a broker?

I believe there are two reasons why:

I) The investor thinks that the broker will give them financial prosperity of some sort — which is just an illusion because Assets FX determines the outcome of the lottery. If you lose, they make money. So they must ensure that you have lost your money. Remember that Assets FX cannot make money unless you lose your money.

2) The company is using tricks in their promotion to lure an investor. They mention things like rebates, cashback and deposit bonuses. Furthermore, they provide illegal leverage which gives the illusion of making money quickly with a small trading account.

Assets FX gives a leverage of 1:500. A legit broker should not give an investor more than 1:200. In a nutshell, the investor will think that they have plenty of liquidity. Consequently, this mirage of opportunity for making quick money becomes irresistible.

When people are desperate for quick money, they tend to do stupid things like putting money on the Assets FX trading platform.

How AssetsFX scams investors

The website has two faces. The front face (the one you see) and the back office. The back office is equipped with various features that allows the broker to manipulate their customers’ trades.

The thieves usually ask themselves multiple questions. The more answers they have, the more they can safely execute the scam.

So here are the questions that this gang of thieves asked themselves:

1)Can we accept money deposits in Credit Card or Crypto and bank securely — far away from the prying eyes of financial regulators?

2)Can I install a CFDs trading simulator where demo account users can make money easily while live account users will lose money easily?

3)How do I manipulate spreads and volatility?

4)How or where can I buy non traceable servers so that my business won’t be traced by the authorities?

5)If I am going to offer MAM accounts and get into some sort of partnership with a third party, can I make statement sharing platforms like myfxbook pick profitable trades and hide losing ones?

These are the sort of questions that the crooks asked themselves before they launched the corny broker.

And guess what? All the questions were checked with a big YES!

Wrapping it up

Truthfully, I didn’t want to write the second part of the Assets FX review except that I received a mischievous email from the company asking me to write this review.

In that email, the crooks asked me to change their domain from Assetsfx.com to Assetsfx.org.

Honestly folks, does this change the fact that the broker is a scam? I also asked myself how the company would benefit from having me expose their dirty linen in public.

All in all, I want to stick to the truth. I only want to safeguard my reputation and also ensure that my readers are not scammed.

Thanks for reading this review. You can leave your comment below and hopefully a new discussion will kick in.

But if you have been scammed by this illegal broker, I advice you to read this piece of information first as it is the most important thing you can do now to follow up your loss.