LONG ASIA Review

Account types

Deposits / Withdrawals

• Deposit Methods: Bank Wire Transfer, Tether
• Withdrawal Methods: Bank Wire Transfer, Tether
• Account Currencies: USD

About LONG ASIA

Long Asia (operating via domains such as longasiagroups.com and longasia.io) has no valid regulatory licenses. Its previously claimed registrations with New Zealand’s Financial Service Providers Register are listed as “deregistered” and its purported authorization from the South African FSCA is no longer displayed or verifiable on its website, raising concern that the authorization may have been withdrawn or revoked (). Investigations indicate that Long Asia is not authorized by New Zealand’s FMA (). The platform is considered unregulated, with multiple credible sources warning that it lacks oversight by recognized authorities such as FCA, ASIC, CySEC, or other reputable regulators ().

There are numerous user reports and reviews documenting serious issues including repeated withdrawal failures, refusal or delays in processing withdrawal requests, pressure for additional payments (e.g., fees or taxes), and a lack of customer responsiveness (). The broker employs deceptive practices such as promises of guaranteed returns, high leverage up to 1:500, and affiliate/referral schemes; these are consistent with commonly recognized scam patterns (). Scam-warning platforms rate the site as high-risk, unregulated, and potentially fraudulent ().

Pros and cons

Pros

• No confirmed legitimate regulatory authorization to list.
• No verifiable protections such as segregated accounts, compensation schemes, or regulatory oversight.

Cons

• No valid licenses; deregistered in New Zealand, withdrawn FSCA claim, no FMA authorization ().
• Numerous reports of withdrawal issues, unresponsiveness, deceptive fee demands ().
• High-risk behavioral indicators: guaranteed-return promises, high leverage, referral networks ().