Abstract：Long Asia Group, a Saint Vincent and the Grenadines-based forex broker, has come under increasing scrutiny as a growing number of traders report troubling experiences with the broker’s operations. User feedback highlights recurring issues such as delayed or blocked withdrawals, sudden communication breakdowns, and a lack of clear accountability once funds are deposited. Several traders claim that while small withdrawals may initially go through, larger payout requests often face unexplained obstacles.
More concerning are allegations suggesting that the broker may no longer be operating transparently, with users reporting prolonged silence, unresolved complaints and suspected fund mishandling. These patterns have raised serious questions about Long Asia Group’s reliability and overall legitimacy, prompting traders to exercise extreme caution before engaging with the broker.
For more details, keep reading this LONG ASIA review article, where we have elaborated on the traders’ pain wit
Long Asia Group, a Saint Vincent and the Grenadines-based forex broker, has come under increasing scrutiny as a growing number of traders report troubling experiences with the brokers operations. User feedback highlights recurring issues such as delayed or blocked withdrawals, sudden communication breakdowns, and a lack of clear accountability once funds are deposited. Several traders claim that while small withdrawals may initially go through, larger payout requests often face unexplained obstacles.
More concerning are allegations suggesting that the broker may no longer be operating transparently, with users reporting prolonged silence, unresolved complaints and suspected fund mishandling. These patterns have raised serious questions about Long Asia Groups reliability and overall legitimacy, prompting traders to exercise extreme caution before engaging with the broker.
For more details, keep reading this LONG ASIA review article, where we have elaborated on the traders pain with their complaint screenshots. Have a look.
Examining the Top Complaints Against LONG ASIA
Most of the user complaints center around withdrawal denials and the silent approach adopted by the forex broker. We have picked out specific withdrawal complaints first.
The USD 42K Fund Withholding Allegation Against LONG ASIA
This complaint puts both Long Asia Capital and Long Asia Group under the scanner. According to the trader, both have been ignoring his withdrawal requests for over four months. The trader alleged no response from the broker on either email or phone. The amount stuck is a hefty USD 42K, rising twice from the initial deposit of USD 21K. Concerned over the lack of response, the trader was left with no option but to share this negative LONG ASIA review. Take a look.
Withdrawal Refusal After Profitable Trading, a Trader Alleged
A Singapore-based trader criticized LONG ASIA Capital/Group‘s refusal to process withdrawals since October 2019. While the trader acknowledged the support received in account setup and deposits with direct involvement from the company’s CEO, he highlighted that the problem began with profitable trades on the LONG ASIA login. According to the complaint, withdrawal requests were denied without justification, raising serious concerns about fund safety and the brokers treatment of successful traders. Here is what the trader said while sharing the LONG ASIA broker review.
Initial Withdrawal Approved, Not the Subsequent One
At the time of writing this LONG ASIA review, the trader declared to have been trading on the brokers trading platform for two months. Elaborating further on the trading experience, the trader shared that, while the broker approved the first withdrawal request of crypto funds, which was credited successfully to the account, the subsequent withdrawal, despite being approved, was not processed. This remained despite constant follow-ups with the LONG ASIA customer support team. Check out the review below.
The 100K Fund Loss Allegation Against LONG ASIA
An Australia-based trader revealed having lost 100K on the brokers platform. Whether the fund loss was in USD or AUD, it was not explicitly mentioned by the trader. However, the allegation does make for a careful study. Read out the complete review of this trader.
LONG ASIA Review by WikiFX: Is the Broker Real or Fake?
The growing accusations against LONG ASIA make for a thorough review into the brokers regulatory status by the WikiFX team. Upon investigation, it is found that the broker had a suspicious regulatory license, offering no protection for traders should the broker go out of business or become bankrupt. Always verify the regulatory status on trusted platforms such as WikiFX before committing capital. As far as the score for the broker is concerned, the WikiFX team gave it 2 out of 10.
Note - Complaints have been sourced from -
https://www.trustpilot.com/review/longasiagroup.com
https://www.forexpeacearmy.com/forex-reviews/17412/longasiagroup-cfd-brokers
