FXAS has four types of live trading accounts, plus a free demo account for testing purposes. There seems to be a swap-free Islamic account as well.
The broker’s portfolio includes forex pairs, spot metals and futures on currencies, energies and some indices.
The company. Security of funds
Company Country Regulation
FXAS ? Financial Securities Authority
FXAS is shrouded in mystery and this is not a good sign, despite its claims to be regulated by the “Financial Securities Authority”. To our best knowledge, there are several such entities across the world. Most brokers, even the unregulated offshore brokers provide some information about themselves, so we strongly suspect there is something very untoward about this company. Furthermore, we came across claims that FXAS is owned by the same people who were behind the forex broker Crown Forex, which was suspended by the Swiss regulator FINMA went bankrupt in 2009. This is also a bad sign, if true.
Either way, we always recommend our readers to choose properly regulated and reliable brokers. Even though dealing with them is not entirely risk-free either, at least there are some protection mechanisms and requirements imposed by regulators like UK’s FCA or the Australian Securities and Investment Commission (ASIC).
FXAS sticks to the familiar standard and offers the popular platform MetaTrader 4 (MT4), both as a desktop and a mobile application.
The MT4 has been the favorite of brokers and traders alike for over 10 years now and it does not seem it is going away anytime soon. The platform is user friendly, supports multiple types of orders, hedging and third-party APIs. The MT4 also provides various charting and technical analysis tools, Expert Advisors (automated trading) and a lot of other options.
FXAS offers a 10% deposit bonus. It is available for new and existing clients with standard, mini and micro accounts. There are also other conditions and terms.
FXAS does not provide much information about the available payment methods. It seems the sole option is the UK-based MoneyNetInt payment system.
FXAS is a forex broker that we would not deal with. First off, there is no information about its spreads and insufficient information about the company, plus some claims it was a scam. All those factors raise suspicion. Besides, the trading conditions are not very impressive either.
FXAS Review Conclusion
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