LONG ASIA GROUP

LONG ASIA GROUP Information

LONG ASIA GROUP is a regulated Forex and CFD broker offering a range of business products and services. The broker provides traders with access to over 2,100 financial instruments, including forex, precious metal, commodity, index CFDs, cryptocurrency through three types of trading accounts via the MetaTrader 4 (MT4) trading platform.

Pros & Cons

Is LONG ASIA GROUP Safe?

LONG ASIA GROUP is a regulated broker in both Canada and Australia. it keeps Licenses from the Financial Transactions and Reports Analysis Center of Canada (FINTRAC, No. M21245696).

However, it is important to note that the regulation does not guarantee security or prevent fraudulent activity. You may want to do more research and due diligence, such as reading reviews and checking for any outstanding legal or regulatory issues, before deciding whether to use LONG ASIA GROUP services of .

Market Instruments

LONG ASIA GROUP provides traders with 2,100+ trading instruments, including 55+ global currency pairs, commodities (crude oil, natural gas, etc.), CFDs on metals (gold, silver, etc.), major global indices, and cryptocurrencies (Bitcoin, Ethereum, etc.).

Account Types

LONG ASIA GROUP offers three types of accounts: Cent, Standard and ECN. To open a Cent account, $10 is enough. While for the Standard or ECN account, which targets more experienced traders, the minimum deposit required start from $100.

LONG ASIA GROUP also offers demo accounts for all three account types. These accounts allow traders to practice trading in a risk-free environment and test different strategies before trading with real money.

Leverage

LONG ASIA GROUP offers maximum leverage of 1:500 for all account types. Leverage is a tool that allows traders to open positions with greater exposure than their initial investment, allowing them to potentially generate higher profits. The higher the leverage, the higher the potential profit, but also the higher the potential risk.

With a maximum leverage of 1:500, LONG ASIA GROUP it provides traders with a high degree of flexibility and allows them to open larger positions with a smaller initial investment. While this can be advantageous for experienced traders who understand the risks involved, it can also increase the potential for significant losses.

Therefore, it is important that traders use leverage wisely and have a solid risk management strategy in place to minimize the risks associated with trading on margin.

Spreads & Commissions

LONG ASIA GROUP offers different spreads and commissions depending on the type of account. The Cent and Standard accounts have variable spreads, which means they fluctuate based on market conditions. However, there is no commission is charged for these accounts.

On the other hand, the ECN account has spreads from 0.0 pips and merchants are charged a $8 commission per lot Traded This account type is designed for advanced traders who require direct access to market liquidity and fast execution speeds.

It is important to note that spreads and commissions may vary depending on market conditions and the type of instrument being traded. Traders need to keep an eye on commission charges and spreads to make informed trading decisions and factor them into their overall trading costs.

Trading Platform

LONG ASIA GROUPoffers the popular Meta Trader 4 (MT4) trading platform, which is available on both desktop and mobile devices. MT4 is a reliable and easy-to-use platform that is widely used by traders around the world. It offers a variety of features, including advanced charting tools, technical analysis indicators, and the ability to automate trading with Expert Advisors (EAs).

The desktop version of MT4 is available for both Windows and Mac operating systems and provides traders with a customizable trading environment. The platform also comes with an integrated news feed and allows traders to place orders quickly and easily.

The mobile version of MT4 is available for iOS and Android devices and allows traders to access their accounts and manage their positions from anywhere in the world. The mobile platform also allows one-click trading and features real-time market updates, alerts and push notifications.

Deposits & Withdrawals

LONG ASIA GROUPoffers traders a variety of deposit and withdrawal options, including Bitcoin, USDT (Tether), bank transfer and local gateway. He the minimum deposit requirement is only $10, making it accessible to traders with smaller accounts. And the the minimum withdrawal amount is $100.

LONG ASIA GROUP minimum deposit vs other brokers

LONG ASIA GROUP does not charge commissions for deposits, which is a welcome feature for traders who want to minimize their trading costs. However, withdrawal fees may vary depending on the payment method used. It is important for merchants to check withdrawal fees before making a withdrawal to avoid surprises.

Most deposits can be processed in one day, which means that traders can start trading quickly with no delays. withdrawals, on the other hand, can take up to 3 days to process. This is highly dependent on the payment method used and is a standard delivery time for most brokers.

Customer Support

NZST 10am – 17pm

Contact form

Phone: +6082-687 445

Email: support@longasiagroups.com

Headquarters: LEVEL 3, 60 COOK STREET, AUCKLAND CENTRAL, AUCKLAND, New Zealand 1010

Social media: Facebook, Twitter, Instagram

Q&A

Is LONG ASIA GROUP regulated?

Yes. It is regulated by FINTRAC.

Does LONG ASIA GROUP offer demo accounts?

Yes.

Does LONG ASIA GROUP offer the industry leading MT4 and MT5?

Yes. It offers MT4.

What is the minimum deposit for LONG ASIA GROUP?

$10.

is LONG ASIA GROUP a good broker for beginners?

Yes. It is a good choice for beginners because it is well regulated and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Furthermore, it offers demo accounts that allow traders to practice trading without risking any real money.