Reason to avoid: Offshore license
Listed Date: November 21, 2018
Top 3 Regulated Forex Brokers
Beware Aisa is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: Aisa International Group Ltd
- Registration/license: St. Vincent and the Grenadines
- Registration/license requirement: USD 2,000
Aisa is a forex and CFD broker. The trading name AISA, its logo, trademark and website www.aisafx.com is operated by Aisa International Group Ltd., incorporated in St. Vincent and the Grenadines as an International Business Company. Forex brokers in such offshore zones are not required to follow strict rules and are not overseen by any governmental agency, which significantly raises the risks for their clients as many of those offshore companies run investment scams.
In the case with Aisa, it doesn’t seem too bad as according to the website AISA is a trading name of the Aisa Group comprised of Aisa International Group Ltd. (St. Vincent and the Grenadines) and Aisa International Group Pty Ltd (Australia). Aisa International Group Pty Ltd is actually regulated by Australian ASIC, however, the firm directly operating the Aisa brokerage is registered offshore.
We advice investing with the brokers regulated by the well-respected financial institutions such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC). For example, the license from Australia’s ASIC requires 1 Million AUD of capital aside from client deposits. Check the list of the ASIC-regulated brokers.