ASX Capital Review and Website Analysis

In our ASX Capital review, we introduce you to a project that undoubtedly belongs to scammers. The company promises traders the full package: licensed operations, guaranteed fund security, excellent trading conditions, and plenty of options. However, a simple analysis of the information published by the company makes it clear that this is just a way to lose money. Read on to learn more about this scam broker and avoid the mistake of funding accounts with them.

Brief Overview

• 🖥Official Website: https://asxcapital.com/
• ✈️Contact Address: Rte de Malagnou 101, 1224 Chêne-Bougeries, Switzerland
• 📞Customer Support: [email protected]
• 🔐Licensing and Accreditation: none
• ⏳Track Record: since 2024
• 🧰Specialization: Forex/CFD broker
• 🤝Terms of Cooperation: deposit from €5,000, leverage up to 1:500, spreads from 0.1 pips
• 💰Additional Services: none

Asxcapital.com Examination

It seems to us that the creators of ASX Capital’s official website have never even looked at what legitimate regulated brokers’ platforms look like. As a result, they launched a pathetic attempt at a website that no experienced trader would take seriously.

To be fair, the website design looks decent enough. Then again, it’s hard to mess up a clean template with a white background and black text. However, even a presentable design cannot make the site appealing.

The problem lies in the content. We don’t think we’ve ever seen such a poor effort:

• The entire site consists of only six pages, a registration/login form, and a few legal documents that are clearly plagiarized.
• Instead of detailed information about the company, the site provides a very brief description of an STP broker and its operations. The explanation is so sparse that it fails to clarify how the company interacts with clients or other market participants.
• The trading platform description occupies just one paragraph of two sentences, with the rest of the page filled with details about additional services and trading instruments.
• The FAQ section is shockingly useless, featuring only four generic questions with very brief answers. It demonstrates that the creators have no understanding of traders’ real concerns.

Despite all of this, the owners of ASX Capital don’t seem to care. In their view, flashy headlines on the homepage such as “one of the most trusted Forex brokers globally” or “Leading provider of CFD trading services in Australia” should be enough to convince traders to sign up. Of course, there’s no explanation as to why users should believe these claims, but it certainly sounds impressive.

Company Contacts

Unfortunately, ASX Capital’s contact details are much less impressive than their self-praise. The Contact Us page features only a contact form and an email address. It seems the company couldn’t even afford a phone number for customer support.

However, the footer does include a company address in Switzerland. Odd for a “leading CFD provider in Australia,” isn’t it? We are confident this address is fake and that the company doesn’t even have a virtual office. But more on that later.

In general, the company is missing a lot: no online chat, no links to social media accounts, no effort to engage closely with potential clients, and no intention of resolving issues promptly. Why rush to help traders when problems during trading are more likely to result in lost funds? Managing social media is entirely beyond ASX Capital’s abilities; if they couldn’t write a single useful text for their website, how could they possibly produce daily posts or videos?

Key Conditions

ASX Capital does at least partially disclose its trading conditions. By “partially,” we mean that we managed to find information on the website about minimum deposits, leverage, and spreads for each of their seven account types:

• Bronze. Minimum deposit €5,000, leverage up to 1:100, spreads from 1.8 pips.
• Silver. Minimum deposit €10,000, leverage up to 1:200, spreads from 1 pip.
• Gold. Minimum deposit €25,000, leverage up to 1:300, spreads from 0.7 pips.
• Platinum. Minimum deposit €75,000, leverage up to 1:400, spreads from 0.5 pips.
• Premium. Minimum deposit €150,000, leverage up to 1:500, spreads from 0.3 pips.
• Diamond. Minimum deposit €250,000, leverage up to 1:500, spreads from 0.1 pips.

As for the VIP account, it requires a balance of at least €500,000. The company does not disclose what conditions are offered to high-net-worth clients, leaving it to customer support to provide this information.

Unfortunately, the broker’s “specialists” forgot to mention other crucial trading conditions. The only additional information we found was a note about discounts on swaps and commissions. This is rather unhelpful, especially since the base values from which the discounts are calculated are not mentioned anywhere. Neither are trade volume limits, the distance for setting pending orders, Margin Call and Stop Out levels, and other essential details.

Compared to other scam brokers, ASX Capital is surprisingly generous with its disclosures. However, it falls far short of regulated brokers, who not only provide trading specifications for different accounts but also contract details for all available instruments.

The space saved by omitting useful information has been repurposed for features that might appeal to beginners eager to earn quick, easy money. For example, the broker offers a registration bonus (or rather, a deposit bonus) ranging from 10% to 35%. Interestingly, the bonus percentages are relatively modest — most scammers promise much higher returns, sometimes even hundreds of percent.

Another example is their trading signals, which are sent via email and Instagram. However, to access these signals, clients must deposit significant amounts. Bronze account holders cannot access them at all, while Silver account holders can only receive them once during account initialization. Most importantly, the source of these signals is unknown, and their effectiveness is unverified.

Equally intriguing is the promise of access to a “Traders Academy,” which could be a great resource for beginners. However, there’s just one problem — there’s no trace of educational materials on the website, in the user account area, or on the trading platform.

In summary, ASX Capital offers bonuses, leverage up to 1:500, signals from an unknown source, non-existent educational materials, and more. Somehow, we doubt that regulated brokers operate in this manner.

Exposing ASX Capital

For some traders, all the facts mentioned above may seem like weak arguments that don’t conclusively prove this broker is a scam. For them, we have stronger evidence.

Let’s start with the company’s registration. The website casts a wide net: the best CFD provider in Australia, a Swiss office address, and operations governed by Saint Vincent laws in the Terms & Conditions. The last country isn’t even fully spelled out, but we’ll assume they meant Saint Vincent and the Grenadines.

Naturally, we checked the registries in all these jurisdictions. Not surprisingly, no company named ASX Capital is registered in any of them. The only remotely relevant result was in the Australian regulator ASIC’s registry, but it did not confirm the company’s claims.

However, as we can see, the similarity between the company names is minimal. Moreover, ASX Limited does not hold an AFSL license and therefore cannot legally conduct brokerage activities.

The results allow us to conclude that this broker operates without official registration in any jurisdiction. This means that:

• It exists only virtually, has no access to any real market, and does not collaborate with liquidity providers.
• It does not possess any licenses to provide brokerage services, not even from offshore regulators.
• It cannot open bank accounts or cards, nor enter into contracts with financial organizations, including insurance companies.

This invalidates all the claims the company has made on its website. For example:

• Statements about operating under regulatory supervision and using segregated bank accounts for client funds are completely false.
• The claim of ASX Capital being an STP broker is untrue. This technology involves forwarding client orders to liquidity providers, but the company has no agreements with such providers. The list of partners displayed on the homepage is entirely fabricated.
• The claim that 95% of client funds are insured is nothing more than an attempt to lure traders and portray reliability. Since the company lacks any insurance agreements, it provides neither contract details nor the name of the insurer.
• Even for non-trading transactions, only cryptocurrency wallets are accepted. This allows the broker to avoid revealing payment details, receive funds anonymously, and bypass any chargeback attempts by clients.

In essence, the company provides brokerage services illegally, does not conduct real trading, and merely imitates it. Naturally, it has no intention of safeguarding or returning client funds.

The company’s history is also absent from its website. However, it is not hard to obtain this information using a WHOIS domain lookup service.

According to WHOIS data, the domain asxcapital.com was registered only in April 2024. This provides further evidence against the statistics the broker publishes on its homepage. While it claims 18 years of industry experience and over 40 awards at international events, the platform has been active for barely six months. Clearly, it is impossible to participate in, let alone win, 40 industry events in such a short time frame.

It is evident that ASX Capital aims to create the illusion of being a solid, experienced, and reliable brokerage. However, this illusion is based on entirely false information, which can be easily disproved.

What Reviews Do Users Leave?

We expected to find numerous user reviews of ASX Capital over its six months of operation. However, our expectations were only partially met. While we found over 100 comments on Trustpilot, it seems the company has little presence on other similar platforms.

On Trustpilot, 89% of users rated the company 4 or 5 stars. However, after analyzing the text of these reviews, it becomes clear they were paid for by the project’s owners. Many of these users seem unaware of what they are writing about. For example, some reviews claim trading can be started with as little as $1, despite the minimum deposit being €5,000, as we’ve already established.

Among the positive reviews, there are a few objective ones pointing out the broker’s flaws, with ratings of 1 or 2 stars. Unfortunately, most of these traders only investigated the broker’s legitimacy after losing their deposits.

Meanwhile, experts on specialized platforms unanimously agree that ASX Capital is a scam. Unfortunately, many users trust the empty promises of scammers rather than professional opinions.

Conclusions

In this ASX Capital review, we have provided ample evidence that this broker is a fraudulent operation. It operates without official registration or licensing, and nearly all the information it publishes is false. Add to this the lack of transparent trading conditions and its reliance on cryptocurrency payments, and you have a clear picture of a scam platform where all clients will lose their money. Want to protect your funds? Do not fall for fake promises and seek a broker that conducts business honestly.

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