assexmarkets.com

Assexmarkets blocks your account once you become profitable

I gave Assexmarkets a chance, but it seems everything on their platform is suspicious, from withdrawals, wallet management and account management. ( I advise you to run and not use this broker if you love your capital) Why??? >>> read with me On 13th August, 2025, I deposited into the platform. The deposit was so swift (they were so fast to collect my money). I then proceeded to place a trade(BUY) on the platform. To be more specific GBPUSD forex pair with a size of 13 LOT. The outcome of the trade was +45 pips ( 1.34602 to 1.35006). I closed the trade at $5.3k profits. After this, I remained on the charts that day and waited for my next opportunity. Next, I saw another BUY GBPUSD opportunity. I was going to double down this time with a size of 24 LOT. Surprisingly for me, on placing the trade(I tried executing the trade thrice ), it's kept showing failed. I then proceeded to check my Assexmarket dashboard, and it was showing 0.0 on the account. I was in shock, like the money I just made and capital all disappeared. However, I maintained my calm. I messaged the support immediately, and they said it would be resolved soon. It took them over 36 hours to fix this issue, and my balance was restored to normal. Assexmarkets claimed it was a technical glitch, but I doubt it was a glitch. I strongly believe it was a way to prevent me from making more money. My trading opportunity, which they prevented me from taking, actually moved in my favour 1.34980 to 1.35165 ( a buy position on GBPUSD). I should have made an additional $6k on this trade. Moving on due to this ordeal, I immediately decided to withdraw both my capital and profits from my account entirely. I was already feeling so unsafe. The withdrawal experience was so bad. They rejected almost every request, asking for document after document, which I provided without hesitation. Not until I told them I would report and share the experience publicly did they approve all my withdrawals in a jiffy. After this, everything seemed great, until I received an email from them stating my account had been blocked because the documents submitted for identity and address verification were invalid. Mind you, before you can use the platform, you have to submit these documents, and the documents have to be approved first. I did this a month ago when I first signed up on the platform, and they approved it within a few hours. Emails were even sent to my email to refer more users to Assexmarket. Lastly, I presume that once you become profitable and start making huge amounts, they have to block your account so they don't lose money. My take on this: Assexmarket don't place the trades on the live markets like a regular broker does. I strongly believe they are operating like a prop firm ( hoping that more users lose than win).

Date of experience: Aug 13, 2025