AssetsHaus is what you get when a scammer broker decides to take its time and create a truly dangerous brokerage that has the potential of victimizing many. Those brokers that seem to have time on their hands are some of the most dangerous ones to look out for. AssetsHaus is well structured and possesses a slick visual style. now, as far as the information contained on the website and its validity, we urge our readers to turn to the following review, for it will uncover everything one needs to know about this broker.
We were presented with one of the most common registration pages being used today by scammer brokers. The follow us is also perhaps one of the most overused user areas out there, used almost entirely by unregulated brokers. It’s more of a template than anything else.
From it, we were able to access a web trader, where we learn of the available trading assets: forex currency pairs, commodities, cryptocurrencies, indices, and stocks. The EUR/USD spread is 0.1 pips. This cost of trade is literally too good to be true, and it is very probable that there is a sort of commission behind it. The account page on the website claims that the commission is “optional” or 1.5% for the standards account type. As confusing as this may be, at least it proves that the spreads are commissioned.
The leverage is capped at 1:500.
The website of the broker is available in English, German, and Spanish.
ASSETSHAUS REGULATION AND SAFETY OF FUNDS
The main idea behind AssetsHaus is that it is regulated in multiple jurisdictions. This claim is ubiquitous. But it is never clear what these jurisdictions are, not what the regulators’ names are that supposedly oversee AssetsHaus. The claim is simply there to confuse and to probably act as a luring device for some. In reality, this is no way to give your regulatory details. You should provide the name of a specific agency with a licensing number. All this beating around the bushed gives to show that the broker is not regulated.
The next thing that is the closest we get to a location is a contact address in the UK. Just to make ourselves clear, this does not mean that the broker is licensed in the UK, because it isn’t. It’s a simple claim that the company is based in the country, and even this claim is most probably untrue.
Overall, we have no reason to believe that AssetsHaus is regulated. It is an UNLICENSED broker and a risk to all!
Never rely on unlicensed brokers. They are scams and will steal from you! Put your money where the real FX trading happens, with any FCA or CySEC regulated broker, or any other brokerage licensed by a legit overseer. All watchdogs demand safe and integral conduct and do not tolerate unlawful behavior. Moreover, the FCA and CySEC offer compensation schemes applied to users whose brokers cannot pay them back. CySEC offers a €20 000 refund amount per person, while the FCA guarantees up to £85 000.
ASSETSHAUS TRADING SOFTWARE
The web trader used here is a common one that is heavily used by unregulated brokers, more so nowadays that before.
The trading features are really limited, and no matter the level of trading you currently are on, this web trader won’t help you advance any further.
ASSETSHAUS DEPOSIT/WITHDRAW METHODS AND FEES
According to the user area, we could not deposit because our account was not verified. The website claims the minimum deposit to be $249. The methods for investing are said to be credit cards, debit cards, wire transfers, and e-wallets.
The Deposit and Withdrawal Policy reveals all the details we need on withdrawals. From there we learn that the minimum withdrawal is $250 for wire transfers and $100 for all other methods of payment. There is a $50 bank transfer fee, a $35 credit/debit card commission, and a $25 tax levied when using any other payment method. The most common processing time is around 5 days. Moreover, users have to complete a 200 turnover trading requirement prior to withdrawing.
Overall, we learn that AssetsHaus is not worth investing in, and that it is unregulated and most probably a scam! Stay away from this one!
How does the scam work?
The scam really works when the reps of the broker contact the user, either through a phone call or an email address. They will start asking for deposits all the while promising super profit gains. Those that deposit might even get a taste of false gains, whose true purpose is to compel the client to deposit more. These scammers know very well how to manipulate users. Their catalog of psychological trickery is vast, and their patience is unbreakable.
An initial deposit leads to a second one, a third one and so forth.
As for the methods of these fraudsters getting a hold of your phone numbers or email addresses, they are many, and most of them follow simple steps. It takes a false ad to convince a user to give her contact details. These false ads are very promising but ultimately misleading and very manipulative. You might have already seen them: luxurious cars and villas, carefree lifestyles, expensive items, and beautiful vistas. All are stock images to start your imagination and propel you to give away your contact address, and in the perfect scenario, to invest.
Once the client wishes to withdraw, either because she feels suspicious, or because she wishes to take out some cash from her profit, the broker will apply a number of very cheap techniques to make withdrawals impossible. For one, the scammer will close down the account, shut the entire website, or just not return phone calls and emails.
What to do if scammed?
If a user has lost funds by means of a credit or debit card, then the first thing to do is file for a chargeback. MasterCard and VISA have a chargeback period of 540 days.
Bank account swindles are harder to get bank but not impossible. First of all, change your bank account user name and password, and then call the bank to find a plan of action together.
Never invest with cryptocurrencies sin an unregulated broker. All such deposits are lost, and cannot be recuperated.
Also, don’t trust the self-proclaimed recovery agents. These are also scammers, and will ask you for a fee, and in return they promise to recover all your lost funds. Obviously, once this commission is paid you will never hear from them again!
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