AssetShot Review: Multi-Asset Trading With STP and No Requotes
AssetShot is an online multi-asset broker, based in Kingstown in Saint Vincent and the Grenadines. The firm was founded in 2021 and is owned and operated by Jess Group LLC. This broker offers a wide range of tradeable instruments, including currency pairs, shares, indices, metals, energies and futures. AssetShot serves an international audience, but does not currently take on clients from the US. The firm offers competitive spreads, a transparent pricing model, and trading via the world-leading MetaTrader 4 (MT4) trading platform. Trading is usually commission-free, with all broker profits coming from the spreads, which start from as low as 0.1 pips on some instruments with a Platinum account.
Opening an account with AssetShot is quick and easy. Account verification involves new customers sending in proof of address and identification, but this can be completed quickly by emailing scanned copies or uploading relevant paperwork in your online account. There is a good choice of account types at AssetShot, with a range of features that will suit almost any trader, and a minimum deposit of just $250 on the Bronze account. The broker allows for 24/7 trading and offers various customer service options. There are no deposit or withdrawal fees at AssetShot, and no account or admin fees, so pricing is very straightforward.
- Company Name: AssetShot
- Founded: 2021
- Country: Saint Vincent and the Grenadines
- Broker Services: Multi-asset trading, MT4 platform, multiple account types
- Regulators: Unregulated, local registration
- Bonus: Yes
- Minimum Deposit: $250
- Leverage: Up to 1:400, depending on account type
- US Clients: Not accepted
- Funding Methods: Wire transfer, credit or debit card
- Platform: MT4
- Dealing Desk: No
- Web Based: Yes
- Mobile Trading: Yes
AssetShot Review: Pros & Cons
- Good choice of account types
- MT4 trading
- Wide range of instruments
- Low minimum deposit on basic account
- Personal account manager for each customer
- Expert Advisors only available on premium accounts
- Limited deposit options
- Offshore broker, so no international regulation
Broker Test: Our AssetShot Experiences
Trading Conditions: Straightforward fee model
- Deposit management: Free
- Account management: Free
- Commissions on trades: None
- Spreads: From 0.1 pips, depending on account type
- Execution: STP, Market, No requotes
- Leverage: Up to 1:400
- Stop out level: 5%
- Minimum trade size: 0.01 lots
- Maximum trade size: 50 lots
- Open positions allowed: Unlimited
- Scalping: Allowed
- News trading: Allowed
The no commission model means, of course, that all broker profits are taken from the spreads, but with no account or transaction fees, and no commissions, the spreads are all you have to worry about. Spreads start at 2.8 pips on the Bronze account, 2.5 pips on the Silver account, 1.5 pips on the Gold account, and 0.1 pips on the Platinum account. As at most brokers, the account type you can access will depend on the amount you have to deposit.
Spreads are dynamic and can change at short notice, and will, of course, vary greatly across different instruments. The broker has a policy of no requotes, however, so the price you enter a trade at should always be the price you complete at. Leverage on the Platinum account is a very generous 1:400. Even on the basic Bronze account, leverage of up to 1:100 is offered. Remember that leverage offered to you may depend on local laws and restrictions based on where you are resident.
Underlying Assets/Trading Platform Offering: MT4 Trading on Over 400 Instruments
AssetShot is a multi-asset brokerage offering a choice of more than 400 instruments across different asset classes. Assets available include over 60 currency pairs, single stocks, indices, CFDs, metals and energies. AssetShot clients can invest in major stocks from companies across the US, Europe and Asia, such as Apple, Vodafone, Citibank, Ford Motor Company and IBM. It is also easy to invest in major stock indices from the US, the UK, Asia, Australia and Europe, including the S&P 500, Germany 30 and NASDAQ 100. A stock index is simply a list of investment holdings that measures a group of stocks, and aims to reflect the performance of the related economy. For less experienced traders, investing in indices can be a highly accessible way to invest in stocks, and may be more straightforward than tracking and analysing individual stocks within the market.
Other assets on offer at AssetShot include precious metals such as gold and silver, and energies including Brent crude oil, WTI crude oil and US natural gas. Assets can be traded as contracts for difference (CFDs), allowing traders to speculate on the price movements of the underlying assets without ever taking ownership of them. CFD trading is a risky though potentially profitable trading option, and traders should ensure that they fully understand it before entering the market. AssetShot offers generous leverage to enable customers to trade CFDs, but less experienced traders are advised to trade with lower levels of leverage initially.
All trading at AssetShot is done via the MT4 trading platform, which is available in all its versions, including web, mobile and terminal. While the MT4 platform is the most popular in the world and offers a range of impressive features, some traders may find it a drawback that this is the only platform offered by this broker. There is no proprietary trading platform and currently no option for MT5 trading.
Order Features of the Trading Platform: Five Main Order Types
The trading platform at AssetShot is the MT4 platform. This platform offers the ability to trade with instant orders, and also to place four different types of pending orders. If you choose to place a pending order, you have the following options. A Buy Stop order can be placed, meaning that the asset will be bought when the price of the asset hits a certain level higher than the current price. A Sell Stop order allows an asset to be sold once the price hits a specified number that is lower than the current price. A Buy Limit order can be placed, meaning that an asset will be sold when the price reaches a specified number that is lower than the current price. Lastly, a Sell Limit order indicates that an asset should be sold when the price hits a specific number that is higher than the current price.
While this may sound complicated to new traders, it is a fairly simple system and most traders find their way around the MT4 ordering process fairly quickly. Placing new orders within the MT4 platform is also fairly straightforward and intuitive, though it will vary slightly depending on which version (terminal, mobile or web based) you are using, and the device you are operating on. On most versions, it is fairly obvious, as you can simply select ‘New Order’ from the ‘Tools’ menu. Another common way to place an order is from your Market Watch list, where you are able to right click on an instrument and select ‘New Order’.
Analysis Features of the Trading Platform: Technical and Fundamental Analysis, Built-In
The MT4 platform is known for its advanced built-in technical indicators, as well as its ability to integrate well with various third-party apps and add-ons. The platform allows for a variety of technical indicators, which are all generally either trend indicators or oscillators. Indicators can be imposed onto any chart in the MT4 platform by dragging and dropping from the Navigator window, or by using the ‘Insert Indicators’ menu. MT4 also allows for the inclusion of custom indicators written in MetaQuotes Language 4 (MQL4), allowing for a great deal of customisation. Recent additions to the MT4 platform include the Time & Sales and Depth of Market trading tools, aimed at detecting trading levels and market clusters, to perform more accurate scalping operations.
Along with the extensive suite of technical indicators included within the MT4 platform, there is the opportunity for fundamental analysis, which involves the consistent monitoring and analysis of external economic and industrial events that can impact the price movement of a particular instrument. This platform offers instant delivery of news updates that could potentially impact forex markets, covering 13 currencies and 18 countries. While fundamental analysis is not as easy to build into a platform as technical analysis, MT4 delivers a certain amount of information that smart traders can use in their fundamental analysis of current market conditions.
Regulation, Deposit Guarantee, and Risk Limitation: An Offshore Broker With Limited Regulation
Automated Trading: Expert Advisors Available, but Only for Premium Accounts
Usually, automated trading is available via the MT4 platform using Expert Advisors. However, not all brokers offer the Expert Advisors function, and some only have it available on Premium accounts. Currently, AssetShot is not offering Expert Advisors on its Bronze, Silver and Gold account types. Only Platinum account holders can access automated trading via Expert Advisors.
Account Opening and Minimum Deposit: Easy Account Opening and Low Minimum Deposit of Just $250
Opening an account with AssetShot is straightforward, and getting your account verified is generally a very simple process as long as you supply all the correct details. There is a choice of four account types, and each has a different minimum deposit requirement. The Bronze account only requires a deposit of $250. It comes with leverage of up to 1:100 and spreads starting at 2.8 pips. The Silver account requires a deposit of at least $2,000 and offers leverage of up to 1:200, along with spreads starting at 2.5 pips. The Gold account has a minimum deposit requirement of $10,000. This account offers leverage of up to 1:300 and spreads starting at 1.5 pips. Lastly, the Platinum account requires a minimum deposit of $50,000 but comes with leverage of up to 1:400 and spreads as low as 0.1 pips. All accounts are commission free, and all customers get a personal account manager, stop out levels of 5%, and an unlimited number of open positions. All accounts allow for scalping and news trading, but only the Platinum account offers Expert Advisors.
To open an account, simply choose the account most suitable for you and click on ‘Start trading’. You will start by providing your details and will be asked to verify your account by submitting some documentation, including a government-issued photo ID, a recent utility bill, and a copy of the credit or debit card used to make your deposit (with some details covered for your security). Images should be saved as jpegs, and can be uploaded directly to your account, or emailed. Once you have created your account, it can be funded with a debit or credit card, or by wire transfer.
The Broker and Its Competitors: A Subsidiary of Jess LLC
AssetShot is owned and operated by Jess LLC and registered in Saint Vincent and the Grenadines. Compared to similar offshore brokers, the firm offers a competitive service with a transparent pricing model. It offers a zero-commission account, with no account fees and no broker-levied deposit or withdrawal fees. Spreads on major currency pairs start at 2.8 on the basic account, which is lower than average, and the stop out level of 5% is also quite low. There are very few restrictions on trading strategies, with the ability to use scalping and news trading. While there are some limitations with this broker, such as the limited number of deposit options, and the fact that Expert Advisors are only available with one account type, it generally offers a very competitive service, and some options that many competitors do not offer, such as a personal account manager.
Additional Services and New-Customer Offers: Bonuses and Partnership Offers
The company offers various bonus schemes for new customers. These schemes change from time to time, and will depend on the amount of the initial customer deposit. The bonus will then become part of the deposit and can be used for trading, but will not be available for withdrawal until the terms of the bonus have been met, which must usually be done within 60 days. All bonuses are provided with the maximum leverage of 1:100 on the trading account. Always check the terms and conditions carefully before accepting a bonus. Details of bonus requirements can be found in the Bonus Agreement section under the ‘Documents’ tab. Customers must agree to the terms and conditions in writing if they want to claim a bonus.
AssetShot also offers partner opportunities, with the potential to reward brokers and affiliates with a range of solutions. The firm works with trading educators, signal providers and affiliate marketers, offering competitive renumeration based on client referrals, which are carefully tracked through the company’s proprietary platform. The broker offers partners an all-in-one back office system to track client referrals, get real-time performance reports, and build a business by offering clients support and training.
Customer Service and Website: A Strong Focus on User Experience
A multilingual customer support team is available 24 hours a day, five days a week. The team can easily be accessed by emailing [email protected] or calling on +442045252214. There is also a handy web form, which can be found on the contact page of the main website, and a live chat function. Customer support can be accessed by both potential and existing customers. Once you have opened an account, you will be assigned a dedicated personal account manager who can be contacted about specific issues or for general advice.
The AssetShot website has a clean, uncluttered design and a strong focus on user experience. The site is well laid out, and it is relatively easy to find all the information you might need. Clear menus in both the header and the footer of the website make it easy to navigate to any page or section, and important pages such as the Terms and Conditions and Risk Warning Document are clearly linked from the footer of each page. One slight drawback is the fact that there is no comprehensive FAQ section on the website, but most of the pertinent information you will need is there, and it is well laid out and easy to find.