Asean Commodities Inc has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 65 65059594, Fax : 65 64916562
Addresses: The Globe 100 Cecil Street Singapore 069532 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.asean-commodities.com.
After using Asean Commodities Inc for the past year and a half, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Social trading features|Clear documentation|API access
Cons: Help articles are sometimes vague|Some tools only available on higher tiers
Do not use Asean Commodities Inc for anything serious. I used them for the past six months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Responsive team|Wide product range|High security standards|Tax reports included
Cons: Limited social trading features
Asean Commodities Inc advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Easy to use platform|Wide product range|Economic calendar
Cons: Inactivity fee applies after 12 months
I signed up with Asean Commodities Inc after my brother mentioned them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Clean UI|Fast deposits|Quick verification|Professional team
Cons: Could offer more webinars
The so-called education at Asean Commodities Inc is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a couple of months now thinking they would help me learn.
Pros: Multiple order types|Automated trading options
Cons: Nothing significant|Could offer more webinars