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Anso FG Review | Limitless Opportunities With its All-in-One Trading Platform or a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 1
Anso FG - logo

Anso FG is a brokerage firm offering to discover limitless opportunities with its all-in-one trading platform, as well as to invest in the future today. At the same time, the broker calls itself a leader in the CFD field. However, we disagree with this, as online reviews are so rare that they can be counted on the fingers of one hand. Despite having headquarters in Sweden, there are no licenses, including from Swedish regulators. And for some reason, the duration of the operation is ignored, as is the business model. All this seems more like a scam than a leading intermediary in the brokerage service industry. We need to conduct a thorough investigation.

Highlights

🏛️ Country Sweden
⚠️ Regulation
🖥️ Website https://ansofg.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit
⚖️ Minimum and Maximum Leverage 1:200-1:400
⚙️ Trading Platform WebTrader
📨 E-mail support@anso-fg.com, docs@anso-fg.com
📞 Phone +16474777793

First Impression of Ansofg.com

The official website of the broker consists entirely of motivational phrases and pseudo-advantages, and it is designed in a high-tech style using dark blue tones and images of Bitcoin and Ethereum. The abundance of philosophical phrases and attempts to urge the visitor to register an account and deposit funds look very amusing and typical. Anso FG seems to not only have used a template for creating its website but also decided not to change the ready-made phrases.

Anso FG - site

The ratio of truly useful and necessary information is too low. Anso FG talks about everything and at the same time about nothing. At the top of the page, users can familiarize themselves with basic information:

  • Accounts. Description of tariffs, identity verification, and operations for depositing/withdrawing funds.
  • Platform. All company terminals.
  • Trading Instruments. Available asset classes.
  • About Company. Basic information about the firm, documents, contacts, and the affiliate program.
  • Analytics. Supplementary widgets for traders.

It is worth noting the absence of important data, both regarding the broker’s activities and trading conditions. So the official website of Anso FG is of quite low quality, although it does not seem so at first glance.

Partnership and Bonuses

Clients can receive bonuses from the firm. However, it is important to know the conditions on which such bonus promotions are given. Anso FG requires a trading turnover equal to the amount of the bonuses divided by 4. For example, if a trader receives a $400 bonus, they need to complete a trading volume of 100 lots, and only after that can these funds and the profits be withdrawn. Additional restrictions apply: the term for complying with the rules is 60 days, the available market is only Forex, and the leverage is no higher than 1:100. To receive bonuses, one must submit an application by email with consent.

In addition, Anso FG offers an affiliate program to its current clients. Unfortunately, the company does not disclose any details on the website, but to obtain them, one can contact the specified email address for partners at partners@anso-fg.com.

Account Opening on Ansofg.com

Trading is not possible without an account, so the first step is to register a personal account. This procedure at Anso FG is typical and no different from other brokers. It’s enough to provide your name, contacts, language, country, and agree to the terms, and that you are over 18 years old.

Registration

It is not necessary to confirm the email and phone, although it is a mandatory element of any registration. Therefore, the level of security at Anso FG raises additional questions.

The client portal looks quite primitive. Some features, such as account management and deposit, are not available to the client until they activate their personal account through a manager. Without activation, viewing current positions, changing personal data, and identity verification are available.

The only language in the personal cabinet is English. In addition, clients can switch from a dark color theme to a light one. Also, we did not notice the presence of a demo account in Anso FG.

Verification

The company adheres to the AML & KYC policy, so it’s not possible to use its services without verifying identity. Anso FG requires a copy of a government-issued document confirming the trader’s identity. Additionally, a document confirming the user’s residence, such as a bank statement or utility bill, must be uploaded.

If the deposit is made using a credit/debit card, a photo of the card with partially obscured number digits and CVV is required. Document uploads can be done in the personal account, or files can be sent by email. However, regarding the processing time for verification, Anso FG does not specify anything.

Pros
  • Convenient process for uploading documents.
Cons
  • The company requires a photo of the card to be uploaded.
  • The processing time for the application is not specified.

Trading Software

Unfortunately, without an activated account, it is impossible to check what the trading terminal looks like, so we have to rely on the description of the platform from Anso FG. Although brokers often overly praise their terminals, presenting them in the best light, the real capabilities of the software are not always as the company describes.

Terminal

The terminal is available in several versions: webtrader, desktop, and mobile. However, for some reason, there is no application for iOS users, only for Android. We did not risk downloading these programs, as they may contain dangerous viruses. It is not advisable to download and run .exe files from unknown sources.

The platform is described as advanced and user-friendly. Anso FG’s terminal supports real-time market data, all types of orders, tools for analyzing charts, a customized interface, and indicators. However, it is not recommended to believe this, as more often than not, such a “super-advanced” terminal turns out to be primitive software with limited capabilities.

Features Anso FG WilliamYoungs Smart Ix Shares
Demo Account
Mobile App ✔️
Own Development ✔️

How Can I Trade With Anso FG?

The firm specializes only in CFDs, so you can forget about spot and futures. However, the main classes of markets are available here: forex (majors, minors, and exotics), stocks, indices, commodities, and cryptocurrencies. Leverage and additional features at Anso FG depend on the tariff plan. We will next look at the types of accounts offered by the company to its clients.

All Info About Accounts

Anso FG offers just three types of accounts:

  1. Silver. Leverage of 1:200 and no additional services except for advanced charts.
  2. Gold. In this tariff, the leverage is increased to 1:300, and the list of features includes a 25% swap discount and assistance from a dedicated personal manager.
  3. Platinum. Leverage up to 1:400, with access to exclusive webinars and free VPS.

It is important to note the lack of information about the minimum deposit. Also, in many other places, for example, in the FAQ, Anso FG also hides the size of the initial deposit. And without activating the account, this cannot be viewed.

Account types

We have already mentioned the low informativeness of the company’s website. And here is proof of that. Commissions, the size and type of spreads, the minimum deposit, swaps, and the specification of contracts are not specified. The additional service is too scarce, so the broker does not possess any unique advantages, although many competitors offer a variety of possibilities, such as PAMM, training courses, personal analytics, assistance in strategy development, and much more.

Leverage of up to 1:200-1:400 indicates non-compliance with regulatory norms. The fact is that financial commissions do not allow brokers to offer leverage higher than 1:30-1:50, depending on the specific regulator.

In addition to the absence of a demo account, we also did not find Islamic and ECN accounts. These are also significant shortcomings. Based on this, one can even guess what business model the broker uses. It is a dealing desk with a conflict of interest. Therefore, the conditions at Anso FG cannot be called advantageous and customer-oriented.

Pros
  • Assistance from a personal manager and webinars.
Cons
  • Demo, Islamic, and ECN accounts are absent.
  • Many terms are not disclosed, for example, the minimum deposit and commissions.

Market Analysis and Education With Ansofg.com

In Anso FG, there is an entire section dedicated to analytical tools, which includes an exchange ticker, crypto market, screener, economic calendar, market quotes, and trading hours. In addition to this, we have already mentioned a personal manager and webinars. However, it is not specified what the webinars’ topics are, whether they are analytical or educational. The company does not provide any other analytical services or educational resources.

Deposit, Withdrawal, and Fees

The firm offers a variety of ways for transferring money. Clients can use credit/debit cards, wire transfers, and electronic payment systems. However, cryptocurrencies are omitted, even though this method is becoming increasingly popular each year. Anso FG does not charge a commission for withdrawing funds through bank cards, but nothing is said about other methods. Additionally, the processing time for withdrawal requests usually takes 24 hours, but the specific maximum timeframe remains a secret.

Features Anso FG RontoXM Fxonic
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️ ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

There are several ways to communicate with Anso FG managers. These include a phone number, email, and online chat. To communicate in the chat, you will need to provide contact details.

The contact details raise some suspicions. Why is the phone number listed not Swedish, but American? In Sweden, numbers start with +46, but the website lists +1. And where are the social media accounts, such as Instagram, Twitter, or Facebook? The absence of social networks for an online broker seems strange.

Pros
  • There are basic methods of communication.
Cons
  • Social media accounts are absent.

Is Anso FG Dangerous?

We do not like the excessive secrecy of the company, as many terms and even facts about its activities are simply not stated. This can hardly be called a sign of a safe and verified platform. However, we cannot yet pass judgment on Anso FG, as it is necessary to check its legitimate status, legal address, and duration of operation.

How Long Does The Broker Work?

The duration of operation is not stated on the website, and registration documents are not provided, where one could see the date of registration of the legal entity. Considering the few reviews on the internet, one can assume a short period of operation. At the same time, the domain of the official website was registered on October 6, 2023, which confirms the limited experience of Anso FG.

Domain

How Is Anso FG Regulated?

Now let’s talk about regulation. The company in the FAQ section indicates that it has licenses from authoritative financial commissions, but does not provide any names or links, and scans of policies and certificates are missing. Since the firm indicates an address in Sweden, it is necessary to check the Finansinspektionen registry, which regulates the activity of forex brokers. However, there was no Anso FG there.

Regulation

In addition, Anso FG does not operate in accordance with the MiFID directive, which regulates the activities of brokers in the European Union. Therefore, the activities of this firm can be considered illegal.

Features Anso FG KLG-ctx FiatVisions
European Zone
Asian Zone
American Zone
African Zone
Offshore ✔️

Frequently Asked Questions (FAQ)

How to Trade With Anso FG?

First, you need to register an account by providing your name and contacts. Then you need to activate your personal account. It can be done through the broker's manager. You will also need to provide documents for KYC.

Is Anso FG Legit?

The broker is not regulated anywhere and its activities are illegal.

How Risky Is It?

In addition to the risks of losing money due to the use of leverage, as the statistics are very sad - more than 74% of traders lose money on margin trading, there is another risk. It is related to fraud and the impossibility of getting your money back, as Anso FG operates illegally.
Kevin Berry
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Expert Opinion

The Swedish address is just for show, as in reality, there is no office in Sweden, and there never has been. The company is unlikely to exist, meaning it is not registered anywhere. With a high degree of probability, it is just a brokerage website with a cash register connected for receiving money and a trading platform. I advise you not to pay attention to Anso FG, which falsely claims to operate in the European Economic Area. If this were true, the broker would look completely different and would not be so anonymous.

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1 review about Anso FG

Nothing December 9, 2023 - 11:25
Wrong broker, I chose scam.
The level of trust
Quick withdrawal of funds

Two weeks ago, I invested 1,000 dollars in Anso FG. And I regret it. I made a big mistake in choosing a brokerage intermediary, as I chose an illegal and fraudulent company. There is no real trading here, but there are a lot of fakes: the platform, quotes, and reliability. My money essentially fell into the fraudulent claws of some anonymous scammers. Of course, I lost the 1,000 dollars irretrievably. Even lawyers shake their heads and say that there is no chance of any return. Therefore, I want to warn about this fraud, so that other traders do not deprive themselves of their deposits.

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