Asia Future Trading
Pros and Cons
Pros
- Regulated by ASIC
- Trading instruments: Forex, commodities, indices, cryptocurrencies, stocks
- Trading platform: MetaTrader 5 with advanced features
- Educational resources available for traders
- Tight spreads starting from 0.1 pips
Cons
- No valid regulatory oversight
- Limited information on account types
- High withdrawal processing times reported
- Restricted trading instruments (no bonds, options, ETFs)
- Unclear trading conditions and fees
Basic Information
User Reviews
Asia Future Trading Overview
Asia Future Trading, founded in 2020 and headquartered in Australia, operates under a regulatory framework provided by the Australian Securities and Investments Commission (ASIC) with license number 001313916. This regulation is crucial as it ensures that the broker adheres to strict financial standards, offering a degree of security to its clients. While the broker has established itself in the competitive forex market, potential traders should remain informed about the ongoing developments in its regulatory status, as recent reports indicate some concerns regarding compliance.
Is Asia Future Trading Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| None | Australia | No investor protection measures |
Is Asia Future Trading Regulated and How Are Client Funds Protected?
Asia Future Trading is not regulated by any recognized financial authority. This lack of regulation raises significant concerns regarding the safety of clients’ funds. Without oversight from a regulatory body, traders may face increased risks, including potential fraud and the absence of investor protection mechanisms. It’s crucial for traders to be aware that trading with unregulated brokers can lead to serious financial consequences, as there are no formal safeguards in place to protect their investments.
Trading Products and Services
What trading instruments does Asia Future Trading offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | Many |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP | Many |
| Cryptocurrencies | BTC, ETH, XRP | Many |
Asia Future Trading provides a diverse range of trading instruments, catering to various types of traders, from beginners to seasoned professionals. With offerings across multiple asset categories including Forex, commodities, indices, stocks, and cryptocurrencies, the platform ensures a versatile trading experience. This variety allows traders to diversify their portfolios effectively and explore different trading strategies, whether they prefer short-term trades or long-term investments. By supporting multiple markets, Asia Future Trading enhances user adaptability and strategic flexibility, making it an attractive option for those looking to navigate the dynamic trading landscape.
Account Types and Trading Conditions
What Account Types and Fees Does Asia Future Trading Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and intermediate traders | Low minimum deposit, access to educational resources | Suitable for small-capital practice |
| Professional Account | Experienced traders | Higher leverage, tighter spreads | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Custom services, tailored trading solutions | Requires corporate documentation |
| Islamic Account | Traders following Sharia law | Swap-free trading conditions | Available for all account types upon request |
| Demo Account | All traders | Practice trading without risk, access to full features | Unlimited duration for practice |
Account Opening Process
To open an account with Asia Future Trading, prospective clients must follow a straightforward process. First, submit personal information, including your name, contact details, and date of birth. Next, provide employment information, which may include your occupation and employer details. Financial information is also required to assess your trading experience and risk profile. After completing the application, identity verification is necessary, which involves submitting a valid ID and proof of address. It’s important to note that clients have the flexibility to upgrade their accounts to professional status later if they meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Standard spreads for minor pairs |
| CFDs (Stocks) | Variable | $5 per lot | Commissions apply on stock CFDs |
| CFDs (Indices) | 1.5 | $0 | Competitive spreads on indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
Asia Future Trading has several additional fees to consider. There may be deposit and withdrawal fees depending on the payment method used. An inactivity fee may apply if the account remains dormant for an extended period. Users should also be aware of potential platform usage fees, if applicable, and overnight interest (swap rates) for positions held beyond one trading day. Additionally, currency conversion fees may be incurred for trades involving different currency pairs.
Trading Platforms and Apps
What Trading Platforms and Apps Does Asia Future Trading Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Two-factor authentication, one-click trading, multiple order types, price alerts, advanced charting tools | Demo accounts, VPS, API access |
| Web Version | Desktop, Mobile (Browser-based) | Secure login, real-time market data, symbol lookup, basic order types | Client portal for account management |
| Mobile App | iOS, Android | Biometric login, push notifications, market alerts, simplified trading interface | Demo accounts |
Asia Future Trading provides a variety of trading platforms, including the sophisticated MetaTrader 5, which caters to advanced traders with its range of tools and automation features. The web version offers flexibility for account management without software installation, while the mobile app ensures that users can trade conveniently on the go, benefiting from secure logins and real-time alerts. These platforms support efficient search tools, fast order execution, and a range of additional services like demo accounts and VPS for enhanced trading experiences.
Overall, Asia Future Trading emphasizes secure access, versatile trading options, and essential support features across its platforms, catering to both novice and experienced traders alike.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| GrabPay | Instant | No platform fee, 1% GrabPay charge | Min 50, Max 15k/day | USD, SGD, MYR |
| Bank Transfer (Local) | 1-2 business days | No fees | Min 100, Max 20k/day | USD, AUD, JPY |
| Alipay | Instant | No platform fee, 0.5% Alipay charge | Min 50, Max 10k/day | CNY, HKD |
| PayPal | Instant | No platform fee, 2% PayPal charge | Min 50, Max 20k/day | USD, EUR |
| International Wire Transfer | 3-5 business days | $25 per transaction | Min 200, Max 50k/week | USD, EUR, GBP |
Minimum Deposit
The minimum deposit requirement at Asia Future Trading is $50. This amount is consistent across most payment methods, although for Bank Transfers, a minimum of $100 is required. Additionally, certain account types may have higher minimum deposit thresholds in line with premium services.
How to Withdraw
To withdraw funds from your Asia Future Trading account, follow these steps:
- Log in to your Asia Future Trading account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it adheres to the limits.
- Confirm your withdrawal request and review any fees associated with the method.
- Submit your request and await confirmation; processing times will vary based on the method chosen.
Customer Support
Asia Future Trading Customer Support Overview
Support Channels
Asia Future Trading offers a variety of contact methods to ensure that customers receive the support they need promptly. Customers can reach out through:
- Email: Customers can send inquiries to support@AFTjp.com for assistance.
- Live Chat: A live chat feature is available on their website for immediate help with any questions or issues.
- Telephone: For direct assistance, customers can call +64 21 0224 7369.
- Social Media: Asia Future Trading is active on various social media platforms, providing updates and customer interaction.
Service Availability
Asia Future Trading provides customer support 24/5, ensuring that help is available during the trading week. Their team offers multilingual support in languages including English and Mandarin, catering to a diverse customer base.
Additional Resources
To enhance the trading experience, Asia Future Trading offers several educational resources:
- Video Tutorials: Step-by-step guides on using their trading platform.
- Webinars: Regular webinars covering market trends and trading strategies.
- Market Analysis: Expert insights to help traders make informed decisions.
- Trading Signals: Timely signals to assist traders in identifying potential market opportunities.
Frequently Asked Questions
Asia Future Trading is currently regulated by the Australian Securities and Investments Commission (ASIC) under license number 001313916. However, it’s important to note that this license has been revoked, which raises concerns regarding its regulatory compliance and the associated risks of trading with this broker.
Asia Future Trading offers a variety of trading conditions, including tight spreads starting from 0.1 pips and leverage up to 2000x. However, detailed information on the types of live accounts and additional trading conditions is limited and may require further inquiry with their representatives.
While Asia Future Trading is regulated by ASIC, the revocation of its license should raise caution regarding fund security. Clients should ensure that they understand the risks involved and consider using only the funds they can afford to lose. The broker supports deposits and withdrawals through various methods including card, bank transfer, and online banking.
Clients have reported a generally positive user experience with Asia Future Trading. The platform offers both the MetaTrader 5 application and a web-based client portal, which facilitates account management, trading, and real-time monitoring. Users have found communication regarding trading issues to be smooth and responsive, with most concerns being resolved quickly.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.