AssetShot.com review – 5 things you should know about assetshot.com

 Everything we saw in our first minute with AssetShot.com screams unregulated. There might not be too much proof of that but we are not new to this game. The structure, color pallet, unnecessary animation, and even the logo are all emblematic of your common unregulated broker. AssetShot.com feels like a copy of some many brokers reviewed before. As such we expected nothing new, and we did not get anything new. All we can say before moving on is to read the review before investing because you will regret the latter!

We were about to give up on creating an account, when we finally traced down the registration page. AssetShot.com has made it hard to find a sign up page, which immediately puts us ahead of the broker for it definitely does not want our kind snooping around.

We registered in a heartbeat, and were granted entry to a user area. Unfortunately, that was where we also came to a full stop. The client area was blocked to our unverified account, and will remain that way.

This means that we will take all payment and trading conditions from the website. Take these details with a grain of salt.

The spread heavily depends on the account type you open. The first two accounts are useless because the minimum spreads supplied by them are higher than 2 pips. The third account type offers a 1.5 pip spread but the catch is that this account type, the Gold one, requires a $10 000 minimum investment. However, in our experience very few scammer brokers offer account types. Their presence is merely there to encourage the user to invest more money. We cannot be sure that these are even real spread values.

The leverage is capped at 1:400, while the available trading assets are forex currency pairs, indices, metals, energies, futures, and shares.

The broker site is available in English and German.

ASSETSHOT.COM REGULATION AND SAFETY OF FUNDS

The only sure thing that we learn about AssetShot.com is that it is apparently registered in Saint Vincent and the Grenadines.

Saint Vincent and the Grenadines, for those of you unaware of the situation, is the most popular scammer broker jurisdiction today, and there seems to be no stop button on the amount of fraudulent brokers claiming territory there. The country has no FX regulator and thus does not offer legal FX trading grounds.

AssetShot.com is not licensed in Saint Vincent and the Grenadines, nor is it licensed anywhere else. Its UNLICNESED status is all the more solidified by what we revealed in this review.

Instead of trading with an unregulated broker, why not try any UK, EU, US, or Aussie regulated brokerage? These are the best jurisdictions for FX trading. Their appropriate regulators are on the top of their game, leaning on extreme scrupulousness that keeps all brokers under their gaze in check. The set of rules, demands, and codes of conduct are too many to name here, but they are there and what’s crucial is that any drift away from these is immediately detected by the regulators and acted upon.

It’s also worth noting that CySEC and the FCA offer compensation schemes to all users whose brokers are regulated by either of these entities. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.

ASSETSHOT.COM TRADING SOFTWARE

The user area provides two links. One to an MT4 download link, and another to a web trader MT4. However, in reality, none of these lead to anywhere important. The links redirected us to the MT4 sub-page in the website, and there we found no other links to the MT4.

It seems that AssetShot.com has lied, Well, it isn’t a surprise. Without been given access to a user area we cannot speak of a trading software.

ASSETSHOT.COM DEPOSIT/WITHDRAW METHODS AND FEES

According to the website, the minimum deposit is supposed to be $250, but as we disclosed we cannot know if the information concerned with the accounts is actually relevant. According to the website clients can invest by means of a credit card, debit cards, or a wire transfer.

We also learn that withdrawals are processed within 5 days, depending on the payment methods chosen. There is a suspicious lack of information on fees, which is not to say that we have expected anything better. Fees are almost ever-present with scammer brokers. It’s just that they refuse to talk about them.

None of these conditions are verifiable. They might be completely deceptive. And so is the broker. Unregulated and a risk to all, AssetShot.com is not worthy of your money and time. Stay away!

How does the scam work?

It all falls down to how susceptible the user is. We know it sounds discouraging, but scammer brokers are reliant on more novice and naive traders, and nowadays there is plenty of both.

The most common starting point are online ads. But not just any online ads, those that promise investments opportunities or advice, accompanied by inflated promises of wealth that is exemplified by the eccentric imagery of lux and wealth.

These online ads, one way or another, lead to a scammer broker/ investment scheme.

The scheme’s website will require a certain amount of personal info from the user as well as a contact phone and email. From these two medium, it can easily contact the user and convince her to invest.

This happens through long telephone calls, or on some occasions tedious email correspondence. The goal for the scammer is to initiate a preliminary deposit. Then the scam can move into its second phase which sees the “account managers” befriending the user and giving her personal treatment.

This relationship is based on the scammer’s will to take more of your money. The account managers are experts in the art of convincing. Their single purpose is to push the client to deposit more.

Forget about withdrawing! The fraudulent broker will not allow it! It has a number of tricks up its sleeve: shutting down the user account upon a withdrawal request, staling the request, ignoring the user, or even shutting down the entire website.

What to do if scammed?

Filing for a chargeback is the best advice we can give you. MasterCard and VISA have a chargeback period of 540 days.

If money was lost by means of a direct wire transfer, the best thing to do is to contact a rep of your bank and try to find a solution together. Most banks may have a plan installed for similar circumstances. And remember to change your bank account user name and password!

Investing in Bitcoin or any other cryptocurrency should be the last thing on your mind. It’s impossible to recuperate the sum once processed!

Lastly, never trust recovery agents, no matter how legit they make themselves sound. These are complete scammer that will ask for a commission in return for an empty promise of reimbursing you all the lost investment capital! They will take the commission and disappear!