Review summary
LAFX Group Ltd, also known as Long Asia Group, is a relatively new entity in the foreign exchange brokerage space, having been in operation for less than one year. The firm is registered in Saint Vincent and the Grenadines, a jurisdiction not recognized for providing authoritative oversight of retail forex trading. While the broker promotes a standard account with a $100 minimum deposit and leverage up to 1:500, alongside cent and ECN account types, its regulatory standing is a critical point of analysis. It holds an offshore license from the Anjouan Offshore Finance Authority (AOFA) in Comoros, which is considered a basic registration rather than a stringent regulatory framework. Its WikiFX score of 5.31 reflects significant concerns regarding its regulatory compliance and operational credibility. The entity holds no valid licenses from major financial authorities such as the FCA, ASIC, or CySEC. This complete absence of credible oversight means client funds are not protected by any recognized compensation scheme, and there is no independent regulatory body to enforce fair trading practices or address disputes. Investors should be acutely aware that engaging with this broker entails a high degree of financial risk due to this regulatory vacuum. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-07)
