Asset Bank is suspected to be a fraudulent broker, which is why we have created the Asset Bank Review to alert those seeking a trustworthy FX broker. It is crucial to raise awareness among investors and traders regarding the legitimacy of all types of brokers, regulated forex brokers, forex trading platforms, Forex brokers, crypto brokers, and others. In this Asset Bank review, we will talk about the reasons why Asset Bank is listed among the fraudulent brokers 2024 list by Fraud Complaints and guide how victims of Asset Bank can reclaim their lost funds.
Basic Details for Asset Bank
Website: https://www.assets-bank.com/
Website Availability: YES
Official Address: Börsenstrasse 15, 8001 Zürich
Regulation: Unregulated
Warned By: Swiss Financial Market Supervisory Authority (Switzerland)
Domain Status
Facts that determine Asset Bank is a scam broker.
Operating behind the www.assets-bank.com domain, Asset Bank claims to be a pan-European Commercial Bank offering a special service of the Current bank in Switzerland, run by Kapital Wert Asset Management. It states that it offers services in the areas of real estate, corporate finance, stock exchange, mortgages, and loans. The commercial community is becoming increasingly concerned about it. A great deal of users have expressed dissatisfaction with the platform, alleging problems that range from nonexistent customer support to outright rejections of withdrawal requests. Although the broker portrays itself as an experienced and trustworthy provider of financial services, this is not how things seem to work in practice.
A warning against Asset Bank has been released by the Swiss Financial Market Supervisory Authority (FINMA), informing prospective investors of the risks involved with using this platform. There are serious concerns regarding the legitimacy of Asset Bank because FINMA claims that it is not permitted to conduct business in Switzerland as a financial institution. Asset Bank is alleged to have engaged in dishonest business practices that have left numerous investors without money, despite having a well-designed website and offering investors big returns.
How to find if a Broker is Fraudulent: A Checklist for determining whether a broker is legit or scam.
Regulatory Status and Warnings
The first thing to do is to determine if the platform is registered with the appropriate financial regulatory bodies. Authorities like the ASIC in Australia, the FCA in the UK, the SEC in the US, or comparable agencies in other nations usually oversee legit crypto investment sites and forex brokers list. These authorities ensure the platform works openly and protect investors by following regulations. An important warning indication is when regulations are unclear or nonexistent.
If a broker has received warnings from regulatory bodies, it is a significant matter of concern and should prompt further investigation before engaging with the platform. Check the Asset Bank regulatory status to confirm its compliance with these standards.
Negative Asset Bank Reviews and Feedback
Look into any Asset Bank complaints or unfavorable Asset Bank reviews that Asset Bank may have received recently, since these may point to possible problems or worries raised by other users. Reviewers should use caution when reading too positive comments, as they could include inaccurate or misleading information. We found several unfavorable evaluations regarding Asset Bank, which strongly implies that this broker has deceived a large number of customers.
Transparency and Information
A legitimate Forex trading brokers, Crypto trading platform or any other should provide complete and transparent information about its services, costs, trading terms, and associated risks. Ensure that Asset Bank is upfront about its ownership, operational methods, and financial disclosures. If the platform is vague about its ownership, and operations, or promises unrealistically high returns with minimal risk, it might be fraudulent. Always read the fine print and fully understand the terms and conditions before investing.
Withdrawal Issues
Check for any reported issues or delays with Asset Bank withdrawal issues. Reputable trading platforms handle withdrawals quickly and without undue waiting times. It is a serious warning flag if customers often report issues with money withdrawal, such as prolonged processing periods, excessive costs, or complete denial of withdrawal requests. Before investing bigger sums of money, always try the withdrawal procedure with a smaller amount.
How to Claim a Refund from Asset Bank?
If you have sought but failed to recover your money from Asset Bank scam, gather your supporting proof. Keep copies of every correspondence as proof of your payment demands. If they halt or refuse, initiate the chargeback process immediately. Inform the bank about Asset Bank’s suspicious business practices and absence of Asset Bank license.
Because of the inability to charge back, wire transfers are a tough means to recover money. Making a complaint and contacting the authorities are the most effective strategies to escalate the problem. This strategy frequently leads to the reevaluation of refund decisions. If you do not receive your money back , file a detailed fraudulent report and email it to the company, stating that you will send it again. Please contact fraud complaints if you need any assistance for Asset Bank refund.
Asset Bank Review – Conclusion
Based on many factors explained above we have finally concluded that Asset Bank is a fraudulent broker. Do extensive research on any site before investing.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to Asset Bank fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from Asset Bank.
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Note: The Asset Bank review is influenced by some existing reviews online and we have created original review based on known facts. We are not responsible for any legal actions taken by any entity favoring Asset Bank company.