Asterax has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Asterax 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: Dividend tracking|Clear documentation|Reliable uptime
Cons: Minor UI glitches occasionally|Email notifications too frequent
If you are reading this considering Asterax - run. I wish I had read more negative reviews after reading several online reviews. I thought the positive ones were real. Maybe some are. My experience over for over a year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Reliable uptime|Excellent charting|Quick verification
Cons: Could offer more webinars|No live chat on mobile
Asterax has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Fast execution|Multi-currency support
Cons: No fractional shares
I referred a friend to Asterax through a podcast recommendation. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: High security standards|Detailed reporting|Market news feed|Social trading features
Cons: No crypto staking|Account statements could be more detailed
My card was charged twice by Asterax on the same day. I had to dispute it with my bank. Asterax then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Regular platform improvements|Good analytical tools
Cons: Slow to add new assets