LONG ASIA

Long Asia Group (previously known as Long Asia Group NZ Limited) started back in 2012 as a Forex (FX) broker based in Auckland, New Zealand. Now, Long Asia Group has more than 4 million customers spread across over 150 different countries. The Forex broker has a vast selection of trading instruments and account types available for clients.

Long Asia Group offers not only Retail Forex (FX) services on the retail side but also plans to soon expand to offer Institutional Forex (FX) services as well.

As a Global Forex broker, Long Asia Group offers access to over 600 different trading instruments including:

Forex;

Metals;

Stock;

Indices;

Commodities;

Cryptocurrencies.

In terms of accounts, Long Asia Group has various options for clients including:

Demo Accounts;

Cent Accounts;

PAMM Accounts.

Long Asia Group supports many different types of strategies such as:

Scalping;

Hedging;

Expert Advisors;

News Trading.

Long Asia Group also offers educational resources to clients in the form of:

Training sessions;

Articles on trading.

In terms of regulation, Long Asia Group has a mixed regulatory status; at present, it is deregistered from being a Financial Services Provider (FSP) in New Zealand and does not have a licence to operate from any of the highest-quality Financial Regulatory Authorities. Long Asia Group's website identifies that they are licensed by the Financial Sector Conduct Authority (FSCA) in South Africa and are also registered as an MSB under the Financial Crimes Enforcement Network (FinCEN) in the USA (neither of which are forex regulating authorities). Furthermore, Long Asia Group was previously licensed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), however, the licence has recently been revoked. In addition, Long Asia Group is currently on the Investor Alert List of the Monetary Authority of Singapore (MAS), indicating that Long Asia Group does not have an operating licence within Singapore.

Licensing Information

Regulating Authority of Licence Status

New Zealand FSP 3753043 Deregistered

South Africa FSCA 53197 Active (offshore)

USA FinCEN MSB N/A Registered (non-regulatory)

Canada FINTRAC 241165 Revoked

Singapore MAS N/A Investor Alert List (unregulated)

Long Asia Group offers high levels of leverage, fast execution speed on the MetaTrader 4 (MT4) trading platform, VPS, and PAMM services to clients. As such, Long Asia Group segregates customer money into client trust accounts.

Account Information:

Minimum Deposits $10 - $100;

Maximum Leverage 1:500;

Spread Tight (Competitively priced), not revealed.

Execution Speed 15-20 ms.

Account types received by clients are Demo Accounts, Cent Accounts, PAMM Accounts.

According to, Long Asia Group's Deposit fees are likely free (although this is unconfirmed), Whereas, their withdrawal fees are very high especially in respect of withdrawal via bank transfer. The Long Asia Group commissions are considered average for trading, although they remain partially undisclosed.

Fee Schedule:

Fee Type Details

Deposit Fees Likely free (not confirmed);

Withdrawal Fees High (specific amounts Not disclosed);

Inactivity Fees Not identified;

Commissions Average.

The great majority of what customers have to say regarding Long Asia Group is positive, describing this broker as having a diversified range of asset classes and the potential to enter the market with low costs, execution speed is excellent and Long Asia Group also offers a Partnership Program to generate revenues. At the same time, many customers reported concerns about the lack of sufficient regulatory protection allocated to Long Asia Group clients, exorbitant withdrawal fees, together with limited transparency related to their operations. Long Asia Group has a risk rating of 4.44 out of 10, signifying they present a risk level in Forex brokerage market.

Long Asia Group was approved for their registration through FSCA in 2023.

Long Asia Group was deregistered as a Financial Services Provider (FSP) in New Zealand.

Long Asia Group has expanded their business with respect to trading instruments available for trading and has increased their marketing business in Asia.

Long Asia Group was listed in the MAS Singapore Investor Alert List.

Long Asia Group Provides every single one of their customers, with a wide range of products or services, Competitive Trading Conditions and Advanced Tools. Finally, this broker does not currently hold a Regulatory Licence from any of the High Quality Regulatory Authorities, is currently deregistered, has high fees for withdrawals and provides very limited transparency concerning their operation. Prospective clients considering opening an account with Long Asia Group, are highly advised to exercise Due Diligence and Conduct Extensive Research, before deciding to proceed with opening an account with this broker.