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$10,000 Vanishes Without a Trace: AssetsFX Faces Complaint Over Missing Profits from Seasoned FX Trader

Jul 08, 2025 BrokersView

$10,000 Vanishes Without a Trace: AssetsFX Faces Complaint Over Missing Profits from Seasoned FX Trader

Roman Kovalyk, the co-founder of Pierstage Capital Management, a forex-focused asset management services company, is said to have 15 years of experience in the forex industry. He has conducted trades across various trading platforms, but unexpectedly encountered issues while using AssetsFX.

 

$10,000 profit tampered?

In late 2024, Roman opened an account with AssetsFX and deposited $10,000. He claims that when his account balance was about $9,700, he submitted a withdrawal request for $5,000. However, the request was unexpectedly rejected. More alarmingly, he later discovered three abnormal trades on his account that resulted in a loss of $10,000.

 

Roman stated that he had not executed any trades following his withdrawal request, and confirmed that no other people had accessed his account. Based on this, he suspected that the anomalies originated from within AssetsFX's internal system. However, when he confronted the broker about the issue, he was informed that the losses were the result of Roman’s own trading decisions.

 

A screenshot of the account & an email sent by AssetsFX notifying of the withdrawal declined

A screenshot of the account & an email sent by AssetsFX notifying of the withdrawal declined

 

According to Roman, he employed a professional data auditing system to cross-reference an independent database with the MT5 server records from AssetsFX. During the review of 146 trade entries, he allegedly identified three abnormal Bitcoin transactions.

 

Roman raised concerns about three specific transactions - numbered 7583356, 7583623, and 7584185 - which he claims initially recorded a combined profit of $13,047.66. However, he alleged that these trades were altered, reducing the profit to only $3,047.66 - a discrepancy of $10,000. Roman emphasized that this was not a technical malfunction, but rather a deliberate act of fund withholding.

 

The changes were allegedly only made to profitable Bitcoin trades, creating the illusion of a loss by reducing the profit by full thousands. Since the transaction structure remained intact and only the profit was modified, the tampering was subtle. Combined with the low portion of the manipulation and the price volatility, these changes could easily evade scrutiny. For inexperienced investors or those not closely monitoring their accounts, they may not even notice the problem.

 

AssetsFX was warned by the Russian regulator

In December 2023, BrokersView reviewed the regulatory status of AssetsFX. The findings revealed that, at the time, AssetsFX was operating without a license from any regulator.

 

At the time, AssetsFX asserted that its operating company, Assets Multi LTD, was regulated by the Mauritius Financial Services Commission. However, no information about the company could be found on the FSC’s official website, casting doubt on the validity of the claim.

 

AssetsFX was not regulated by Mauritious FSC in 2023

AssetsFX was not regulated by Mauritious FSC in 2023

 

Furthermore, on 7 August 2024, the Central Bank of Russia placed AssetsFX on its warning list.

 

AssetsFX is currently operated by Assets Global Ltd, which holds an offshore financial license issued by the FSC in Mauritius. Notably, this regulatory body does not mandate the use of segregated accounts, raising concerns about the overall safety and protection of client funds.

 

Assets Global Ltd is regulated in Mauritious

Assets Global Ltd is regulated in Mauritius

 

BrokersView reminds you

The Mauritius Financial Services Commission (FSC), established in 2001, is responsible for regulating the non-banking financial services sector in Mauritius, protecting the interests of investors and maintaining the integrity and stability of the financial system.

 

Click to find more brokers regulated by the Mauritius FSC.

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