Long Asia Group Review (2025): Is it Safe or a Scam?

If you are considering depositing funds with Long Asia Group (also known as Long Asia Forex), we urge you to pause immediately.

In the financial trading world, safety is quantifiable. Long Asia currently holds a WikiFX Score of 1.61 out of 10, a rating that classifies it within the “Danger Zone.” This extremely low score is a primary indicator that the platform lacks the necessary legal frameworks to protect your capital.

While legitimate brokers operate under strict oversight to ensure fair play, Long Asia presents a profile riddled with revoked licenses, unverified regulatory claims, and a surging volume of user complaints. This review provides a forensic analysis of why this broker is considered a high-risk entity and likely unsafe for trading.

Regulatory Status and License Check

The most critical factor in determining a broker's legitimacy is its regulatory standing. A license acts as an insurance policy for traders, ensuring that improved capital adequacy standards are met and that client funds are segregated from the brokers operational accounts.

Upon reviewing Long Asia Group's regulatory portfolio, the evidence is alarming:

1. New Zealand FSPR (Revoked)

Long Asia previously held a registration with the New Zealand Financial Service Providers Register (FSPR), license number 241165. However, this status is now marked as “Revoked.”

• What this means for you: A revoked license is a severe red flag. It typically indicates that the broker either failed to comply with the regulator's reporting standards, did not actually provide services to New Zealand residents (a common requirement), or voluntarily withdrew to avoid auditing. Once a license is revoked, the broker is no longer under the jurisdiction of that regulator, meaning you have no recourse to the New Zealand dispute resolution schemes if your money is stolen.

2. Singapore MAS (Unverified/Suspicious)

The broker claims an affiliation with Long Asia Capital Pte. Ltd. in Singapore, citing a license with the Monetary Authority of Singapore (MAS) (Number: CMS100756-1). WikiFX data marks this status as “Not Verified.”

• The Risk: Singapore has one of the strictest financial regulatory environments in the world. Valid MAS-regulated brokers are subject to immense scrutiny regarding anti-money laundering (AML) and capital reserves. When a broker's status is “Unverified” or “Suspicious,” it often implies the firm is cloning the details of a legitimate entity or simply fabricating the license to appear credible. Trading with a platform that falsely claims MAS regulation is one of the fastest ways to lose your entire investment.

3. Indonesia ICDX (Unverified)

Similarly, their claim to be regulated by the Indonesia Commodity and Derivatives Exchange (ICDX) is unverified.

Verdict on Regulation: Long Asia essentially operates as an unregulated entity. There is no confirmed government agency overseeing their bank accounts or trading practices. Consequently, there is no negative balance protection, and no compensation fund available to reimburse you if the broker goes bankrupt or disappears.

Exposure: What Users Are Saying

A low score is often a theoretical warning, but user complaints provide the practical proof of a scam. In the last three months alone, WikiFX has received 26 separate complaints against Long Asia Group. This volume of grievances within such a short window suggests a systemic collapse in the broker's ability or willingness to process withdrawals.

Case Study: The “Ghosting” Strategy

A recent report from a user highlights the specific dangers of this platform.

• Date: March 27, 2024
• User Location: Peru
• Loss Amount: $500
• The Experience: The user submitted a request to withdraw $500, which is a significant sum for many retail traders. The money never arrived in their account. More concerning was the broker's reaction: total silence. The user reported that “Support isn't responding,” effectively ghosting the client once the withdrawal request was made.

The user concluded their complaint with a stark warning: “They're located somewhere in Southeast Asia... and they're not bound by any legal regulations. The app/website is a trap.”

The Pattern of “Inducement and Trapping”

The complaints follow a classic pattern observed in unregulated scams:

1. Easy Entry: Deposits are processed instantly.
2. The Trap: When a user attempts to withdraw profits or their principal, the broker creates friction.
3. The Ghosting: Customer support stops replying to emails. Since Long Asia's primary contact method is a single email address (cs@alongasialiquidity.com) with no verified phone support or physical office access for retail clients, they can easily ignore users without consequence.

Operational Red Flags

Beyond regulation and complaints, several operational aspects of Long Asia Group signal danger.

• Lack of Transparency: The broker provides almost no public data regarding their trading environment. Basic information such as average spreads, leverage limits, and trading software specs are hidden or vague. Legitimate brokers display these proudly to attract traders; scam platforms hide them to manipulate pricing later.
• Email-Only Support: The reliance on a generic email address for support is insufficient for a financial institution handling client funds. In the event of a technical glitch or a dispute, users have no direct line to the company.

Conclusion: Is Long Asia Recommended?

Based on the evidence, Long Asia Group (Long Asia Forex) is NOT recommended.

The combination of a 1.61 WikiFX Score, a revoked New Zealand license, and 26 recent complaints regarding blocked withdrawals creates a profile of a platform that poses an imminent threat to your financial safety. The platform exhibits multiple characteristics of a “Roach Motel” scam—easy to get into, but impossible to get out of.

Final Verdict:Blacklisted / Avoid

How to Protect Yourself:

1. Do not deposit funds with Long Asia.
2. If you have already deposited, attempt to withdraw immediately.
3. Report any suspicious activity to the WikiFX Exposure Center.

To check the live regulatory status of any broker and avoid clones, always search for the broker on the WikiFX App before you trade.