Asic Trader Review (2023)
About AsicTrader
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is AsicTrader safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
AsicTrader is a broker that offers Forex, CFD and cryptocurrency trading. The company is owned and operated by Hellax Corp LP and claims to based in Edinburgh, Scotland. In order to have a legal right for offering financial services in the UK, the brokers would need to have a license from UK’s regulator Financial Conduct Authority. However, AsicTrader is not regulated by the FCA or any other regulator. Moreover, the FCA has issued a warning against this broker:
“Asic Trader / Hellax Corp is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”
Conclusion
We recommend you to avoid not licensed brokers and choose among the regulated ones. The most reliable regulators are the UK’s FCA, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC). These regulators require a certain amount of capital from the brokers to guarantee the compensation of funds and a certain level of safety of clients’ money. Here you can check the list of the FCA-regulated brokers.