Asgard: Forex Scammer Review
  • Lily Chen
  • 06.11.2023

The realm of Forex trading is fraught with pitfalls, and one of them goes by the name of Asgard. This article aims to expose the dark underbelly of this fraudulent entity and shed light on its deceptive practices.

The Scam: What Makes Asgard a Fraudulent Entity?

Asgard positions itself as a reliable Forex broker, but in reality, it is nothing more than a scam. This conclusion is based on the following dubious practices:

  1. Fabrication of News: Asgard is known to disseminate fake news to deceive its clients.
  2. Technical Manipulation: The company manipulates trade outcomes to its advantage.
  3. Absence of Legal Documents: Asgard does not provide any legal documents on its website.
  4. Hidden Charges: Asgard imposes undisclosed fees on its clients.

All these factors combine to make Asgard an unreliable and untrustworthy entity.

The False Promises: Asgard's Deceptive Tactics

Asgard lures unsuspecting individuals with promises of high returns. However, traders who invest their hard-earned money with this company can only expect loss and disappointment. The company's aggressive marketing tactics, coupled with its insistence on clients sharing personal data, make it a classic case of a Forex scam.

Quote: "Asgard: A scam. Expect nothing but loss of money, time, and a negative experience."

The Distrust: Unfavorable Reviews and Experiences

A multitude of negative reviews and testimonials from duped clients further cements Asgard's reputation as a fraudulent Forex broker. Clients complain about the impossibility of withdrawing their funds, non-responsive customer service, and aggressive behavior from Asgard's representatives.

The Red Flags: Indications of Asgard's Illicit Activities

Asgard's deceitful activities do not end here. The absence of legal and contact information, along with undisclosed licenses, are indicators of the company's fraudulent nature. Here is a list of Asgard's illicit activities:

  1. Publication of False Data: Asgard regularly publishes fictitious reports and recommendations leading to traders' losses.
  2. Use of Spoofing: Asgard creates the illusion of price reduction by imitating futures orders.
  3. Promotion of Non-existent Investment Schemes: The company encourages investments in non-existent financial products.
  4. Artificial Demand Creation: Asgard uses programs to buy or sell shares, thereby piquing the interest of potential investors.
  5. Publication of False Client Results: The company publishes fabricated client success stories.
  6. Use of Bots for Positive Reviews: Asgard uses bots to inflate its positive reviews.

Why You Shouldn't Trust Asgard

The reasons to distrust Asgard are numerous. From the company's lack of transparency and proven payment systems to its aggressive marketing tactics, everything about Asgard screams scam. Here are some reasons why it's best to steer clear of this broker:

  1. Significant Market Quotation Differences
  2. Delayed Order Execution
  3. Automatic Cancellation of Trades
  4. Undisclosed Fees
  5. Unclear User Agreement
  6. Unrealistic Commissions
  7. Paid Education
  8. Price Manipulation
  9. Artificial Demand Creation
  10. Hidden Licenses and Reports
  11. Absence of Regulatory Control
  12. Unrealistic Profit Promises
  13. Unclear Account Types
  14. Calls from Different Numbers
  15. False Analytics and Statistics
  16. Uncomfortable and Inconvenient Platform
  17. Request for Personal Data at Registration
  18. Investment Proposal in Non-Existent Financial Product

The host of negative reviews, dubious conditions, absence of contracts, unchecked payment systems, and paid education are all strong indications that Asgard is a scam that should be avoided at all costs.


The Forex market can be a profitable venture, but it's essential to stay vigilant and steer clear of scams like Asgard. The company's unethical practices, coupled with its lack of transparency, make it a hazardous choice for traders. It's crucial to do thorough research and choose a broker that is trustworthy and operates with integrity.

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