Asset Recovery Group Inc has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Note: this company is not connected with and should not be confused with the registered Australian company Asset Recovery Group Pty Ltd ACN 123 583 773
Phones: +60 330 992 880
Addresses: Level 10 Main Office Tower Financial Park Labuan Complex Jalan Merdeka Federal Territory Of Labuan 87000 M... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: arg-ltd.com.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Asset Recovery Group Inc recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Competitive fees|Great customer service|Segregated accounts|Demo account available
Cons: Spreads widen during volatile periods
After spending for the past year and a half trying to make Asset Recovery Group Inc work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Multiple order types|Stable platform|Automated trading options
Cons: Alert system is basic
Do not believe the bonus offer from Asset Recovery Group Inc. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a friend recommended them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Detailed reporting|Market news feed|Stable platform
Cons: Some tools only available on higher tiers|Inactivity fee applies after 12 months
The spread at Asset Recovery Group Inc is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after hearing about them at a conference and initially thought the platform was good - until I started trading seriously.
Pros: Real-time alerts|Responsive team|Easy withdrawals|Portfolio tracking tools
Cons: No integrated tax optimization|Nothing significant
The mobile app from Asset Recovery Group Inc is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Economic calendar|Instant funding|Competitive fees|Reliable uptime
Cons: Wait times can be long during peak hours
The onboarding at Asset Recovery Group Inc was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Responsive team|Intuitive for beginners
Cons: Spreads widen during volatile periods
Do not be fooled by the professional-looking website. Behind the scenes, Asset Recovery Group Inc is disorganized and incompetent. I found them when my bank disappointed me and I searched for alternatives and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Regular updates|Good mobile app|Automated trading options|Portfolio tracking tools
Cons: Currency conversion fee exists
Asset Recovery Group Inc seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Market news feed|Responsive team|Demo account available|Wide product range
Cons: No live chat on mobile|Desktop app not available on Linux
The only good thing about Asset Recovery Group Inc is that they remind you why regulation matters. I found them after attending a webinar they hosted. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Low minimum deposit|Real-time alerts
Cons: No phone support on weekends
Asset Recovery Group Inc changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Comprehensive tools|Segregated accounts
Cons: Could offer more webinars|Live chat only during business hours