AssetShot seems to be a relatively new broker on the market, established this year. However, it already has a regulatory warning and many negative reviews. It all gives us enough material for a solid AssetShot review where we’ve presented it all to you.
|Broker status:||Unregulated Offshore Broker|
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||FCA|
|Owned by:||Jess Group LLC|
|Headquarters Country:||Saint Vincent and the Grenadines|
|Supported Platforms:||Web Trader|
|Types of Assets:||FX, commodities, indices, shares|
|Free Demo Account:||No|
|Accepts US clients:||No|
What About AssetShot Regulation?
AssetShot is a brand owned by Jess Group LLC from Saint Vincent and the Grenadines. As already explained throughout our reviews, SVG has no financial regulator. This offshore country has an FSA register, while the regulation should be sought in the country of service.
This implies that Asset Shot is yet another unregulated offshore broker that doesn’t have to follow any rules or keep your funds safe in segregated accounts.
AssetShot Warnings From Financial Regulators
Since the broker is mainly present in the UK, no wonder their regulatory body, FCA, was the first to issue an official warning against the Asset Shot scam. According to this warning, AssetShot sells financial services without proper authorization, making it a trading scam.
Fund Withdrawal Issues With Asset Shot Broker
As expected from an offshore firm, AssetShot creates lots of issues when it comes to withdrawals. It’s one of the reasons brokers choose to have headquarters in safe-haven countries. Since regulatory supervision is loose at best, companies like Asset Shot feel safe enough to scam clients. They are aware nobody will force them to follow any rules or reimburse customers.
And here we come to the biggest issue – unprocessed withdrawal requests. Once a client decides to ask for a payout, they will most likely face a frozen account, or money will disappear from it.
Areas of AssetShot Scam
According to AssetShot trader reviews, the broker is mainly present in:
However, all the other areas are not safer since the broker has only one restriction: US residents.
Wherever you are, beware that AssetShot is an unregulated scam, and don’t fall for it.
Traders on AssetShot Scam
According to AssetShot reviews, traders are exposed to torture by the company’s account managers. They are trying to withdraw their funds, but instead, they are pressured to invest more. The broker convinced them they accepted bonuses, and now they must have a rollover of 25 times the amount plus a bonus to be able to withdraw the funds. Pure scam of offshore companies.
How Does Online Trading Scam Work?
Online trading scams are widespread, especially when involved with unregulated offshore brokers. However, there is a way for you to see through the scam. If an offer sounds too good to be true, even if you see an ad promising too high profit, know that you’re probably being scammed.
So, if you’re pressured to invest and never have a chance to get profit, you are being scammed. If your trading account is frozen and there is no logical reason for it, you’re being scammed.
In all these cases, you should report the scam and make sure to file a dispute for a chargeback.
Scammed by AssetShot? – Tell Us Your Story
If you were scammed by Asset Shot or a similar bogus broker, let us know. Our chargeback specialists are here to assist you with this matter and help you file a successful dispute.
But What Is A Chargeback?
A chargeback is a way for your bank to reverse the fraudulent transaction. For further details, contact us via online chat and book a free consultation with our specialists.
What Is AssetShot?
AssetShot is an online trading brokerage providing CFD and Forex trading without a license.
Is AssetShot A Scam Broker?
Company has been blacklisted by the UK FCA for conducting scams.
Is AssetShot Regulated?
AssetShot is not regulated and provides financial services illegally.