Asta Forex Review: Pros, Cons, and Expert Insights

This is article is a detailed Asta Forex review, which outlines its pros and cons, and useful information to take note of about Asta Forex.

Who are Asta Forex?

Asta Forex, also known as Mahadana Asta Berjangka, is a futures trading company that was established in 2004. The company’s headquarters is in the AXA Tower in Jakarta, Indonesia.

Asta Forex is regulated by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI). This regulatory body oversees and ensures that the platform adheres to the necessary standards and practices for trading in Indonesia.

Pros:

1. User-Friendly Interface: The platform is designed to be intuitive and easy to navigate, making it accessible for both beginners and experienced traders.
2. Variety of Trading Options: Asta Forex offers a range of trading instruments, including forex, commodities, and indices, providing traders with diverse opportunities.
3. Educational Resources: The platform provides educational materials and resources to help traders improve their skills and knowledge.
4. Interaction with Experts: Asta Forex also gives a chance to traders to have one-on-one discussions with qualified trading mentors through the chat app. Traders also have access to trading workshops which could help them understand forex trading even more.
5. Demo Account: Asta Forex offers a demo account, allowing users to practice trading without risking real money.
6. Trading Tools: Mahadana has a range of trading tools such as ABCFIBO-123, Trendwave with MTF BAR, and Golden Quick Fibo. These indicators are suitable for all types of traders, from scalpers to big time professional traders.
7. Affordable Trading Capital: Mahadana Asta Berjangka is beginner-friendly, with minimum deposits starting from 2 million rupiah ($122.80).
8. Traders can also enjoy spreads starting from zero commas, and a leverage of 1:200 with a guaranteed transaction security provided by domestic legality.
9. Partnership Programs: Traders can double their income by taking hold of Asta Forex’s partnership programs. This includes their referral program, broker introduction program and representative programs.

Cons:

1. Customer Service: Some users have reported issues with customer service, citing slow response times and unhelpful support.
2. No Swap-free account is available.
3. Reliability: There have been concerns about the platform’s reliability, with occasional reports of technical issues and downtime.
4. Regulation: Depending on your location, the regulatory status of Asta Forex might be a concern. It’s important to note that Asta Forex is not regulated by the Financial Conduct Authority (FCA) or any other top-tier regulatory body such as the U.S. Commodity Futures Trading Commission (CFTC) or the Australian Securities and Investments Commission (ASIC)
5. Withdrawal Process: Some traders have experienced delays and complications with the withdrawal process

Conclusion

Although Asta Forex has good features, it has received mixed reviews from users. Some traders appreciate its platform for its user-friendly interface and variety of trading options. However, concerns about its reliability and customer service has also been raised by traders who tried out their services.

As a matter of fact, Asta Forex has been flagged and has a low trust rating on Forex Peace Army.

Several Asta Forex reviews from its users have highlighted its poor customer support and irresponsiveness. Some have also had issues with their withdrawals.

As stated earlier, Asta Forex is not regulated by any of the top tier forex regulatory agencies like FCA or CFTC, hence making it unreliable or untrustworthy.

See why forex brokers are flagged.

If you’re considering using Asta Forex, it might be helpful to first ensure that the platform complies with general and local regulations, read more detailed reviews and perhaps try a demo account first to see if it meets your needs.