Assexmarkets Review: Is Assexmarkets Legit?

Introduction to Assexmarkets Broker

The forex and CFD trading industry has long been plagued by questions of legitimacy, particularly when it comes to offshore brokers. In this Assexmarkets Review, we examine the brokers regulatory standing, trading conditions, account structures, and user feedback. Assexmarkets operates without valid regulation, has been flagged for suspicious practices, and carries a low WikiFX score of 1.23/10.

Regulatory Status: No License, High Risk

One of the most critical aspects of any broker review is regulation. According to the extracted data, Assexmarkets Broker is registered in Saint Lucia but holds no valid forex regulation. The platform has been explicitly flagged for “suspicious regulatory license” and “suspicious scope of business.”

• WikiFX Score: 1.23/10
• Regulation: None
• Warning: “Low score, please stay away” (dated December 2025)

This lack of oversight means traders have no recourse in the event of disputes, withdrawal issues, or unethical fund deductions. Compared to regulated competitors such as IG or Pepperstone, which are licensed under tier-one authorities (FCA, ASIC), Assexmarkets falls dramatically short in credibility.

Company Background and Domain Transparency

• Founded: 2024
• Registered Region: Saint Lucia
• Website: assexmarkets.com
• Server Location: 31.170.164.36
• Customer Support: support@assexmarkets.com | Tel: +2347069664193

The domain registration details reveal limited transparency. No ICP registration or corporate ownership information is provided. This opacity is a red flag, especially when compared to established brokers that disclose corporate structures, audited financials, and compliance records.

Trading Instruments and Platforms

Despite its regulatory shortcomings, Assexmarkets advertises a wide range of trading instruments:

• Forex CFDs
• Commodities
• Indices
• Crypto CFDs

The broker supports MetaTrader 5 (MT5) and claims to offer MetaTrader 4 (MT4) for beginners. MT5 is available across Windows, macOS, Linux, and mobile devices. While the platform itself is reputable, its integration with an unregulated broker raises concerns about execution reliability and fund safety.

Account Types and Leverage

Assexmarkets promotes seven account types, ranging from Standard to Pro Portfolio Management.

The leverage offerings are extreme, with several accounts advertising 1:Unlimited leverage. This is far beyond the limits imposed by regulated jurisdictions (e.g., 1:30 in the EU, 1:50 in the US). Such high leverage magnifies risk and is often used by offshore brokers to entice inexperienced traders.

Fees and Spreads

The broker claims to eliminate withdrawal fees and swap charges. However, commissions vary significantly across accounts:

• Standard & Cent Accounts: No commission
• Zero Account: From $0.05 per lot
• Raw Spread Account: Up to $3.50 each side per lot

While spreads appear competitive (from 0.0 pips on Zero accounts), the absence of regulation means these conditions cannot be independently verified. Traders have reported withdrawal obstructions, undermining the credibility of these advertised low-cost trading conditions.

Reported Cases and User Complaints

User reviews highlight serious concerns:

• Case 1: A trader reported unlawful fund deduction of USD 400 from a deposit of USD 1,005, alongside withdrawal obstruction.
• Case 2: Multiple users noted that the brokers website became inaccessible, preventing account logins and transaction visibility.

These complaints align with the brokers low WikiFX score and reinforce the risks of engaging with unregulated platforms.

Pros and Cons of Assexmarkets Broker

Pros:

• Tight spreads advertised
• MT5 platform support
• Low minimum deposit ($1)
• Demo account availability

Cons:

• No valid regulation
• Reported cases of fund deduction and withdrawal obstruction
• Excessive leverage (1:Unlimited)
• Lack of transparency in corporate details
• Website accessibility issues

Comparison Against Competitors

When compared to regulated brokers such as IC Markets or Pepperstone, Assexmarkets falls short in every critical category:

• Regulation: Competitors are licensed under ASIC, FCA, or CySEC. Assexmarkets has none.
• Transparency: Competitors disclose audited financials and ownership structures. Assexmarkets does not.
• Leverage: Competitors comply with jurisdictional limits. Assexmarkets offers unlimited leverage, a hallmark of high-risk offshore brokers.
• User Trust: Competitors maintain strong reputations with thousands of verified reviews. Assexmarkets has only two reviews, both negative.

Bottom Line: Is Assexmarkets Legit?

The evidence is clear. Assexmarkets Broker operates without regulation, has been flagged for suspicious practices, and carries a WikiFX score of 1.23/10. While it advertises attractive spreads, multiple account types, and MT5 access, these features cannot compensate for the absence of oversight and the documented cases of unethical fund handling.

Final Verdict: Assexmarkets is not a legitimate broker. Traders should exercise extreme caution and consider regulated alternatives that provide transparency, investor protection, and reliable trading conditions.