SEC Facebook

Based on information gathered by the Commission, individuals or group of persons claiming
to represent ASJ FOREX GLOBAL LIMITED is enticing the public to invest their money in said entity.
As posted online, ASJ Forex Global claims that it was founded in 2009 and allegedly became
one of the leading online brokers, offering Forex Exchange and Contracts for Difference (CFDs) on
over 40 trading goods, to more than 5,000,000 clients in nearly 190 countries worldwide. It further
claims that with more than 2,400,000 trading volume, it has been repeatedly ranked among the top
forex brokers in the industry. It provides traders with free educational resources, exclusive trading
tools and 24/7 customer support.
ASJ FOREX GLOBAL LIMITED, is offering investments to the public with a minimum amount
of Thirty Dollars ($30) which shall earn 8% up to 20% daily of trade amount. The investor can
also earn from referral commission from 4%, 8% and 16%. Individuals can invest through
MetaTrader 5 Platform.
The above described scheme involve the offer and sale of securities to the public. The
Securities Regulation Code (SRC) requires that these securities are duly registered and that the
concerned corporation and/or its agents have appropriate registration and/or license to sell such
securities to the public pursuant to Section 8 of the SRC.
Records of the Commission show that ASJ FOREX GLOBAL LIMITED is not registered with
the Commission either as a corporation or as a partnership. Further, it is NOT AUTHORIZED to solicit
investments from the public since it has not secured prior registration and/or license from the
Commission as prescribed under Section 8 and 28 of the SRC.
Moreover, the Commission does not allow the registration of Foreign Exchange (FOREX) in
the nature of Commodity/Financial Futures Contract, Contracts for Difference (CFDs) and other
similar highly-volatile and risky derivatives nor their merchants/brokers, as the public trading
thereof and pertinent rules governing these securities, remain suspended pursuant to Rule 11 of the
2015 Implementing Rules and Regulation (IRR) of the SRC. In other words, since the Commission
has not yet registered a commodity futures exchange, it follows that no commodity futures
merchant/broker shall likewise be registered and allowed to solicit investments in commodity
futures contracts, otherwise known as leveraged foreign currency contracts or margin trading.
It is to be noted that the Commission also previously issued on 27 July 2018, an Advisory
regarding FREE TRAINING SEMINARS PROMOTING FOREIGN-REGISTERED ELECTRONIC TRADING
PLATFORMS wittingly used a front of illegal offering and/or selling of unregistered securities with
the prospect of learning successful strategies in investing and profiting from the above-stated
securities using various electronic investment platforms. These electronic platforms are allegedly
foreign-registered and are accessible anywhere in the Philippines through the internet.
In view thereof, the public is hereby advised to exercise caution in dealing with any
individuals or group of persons offering and selling securities for on behalf of ASJ FOREX GLOBAL
LIMITED. The public is further advised NOT TO INVEST or STOP INVESTING in the securities being
offered by the subject entity or their representatives.
Further, those who invite or recruit others to join or invest in such venture of or offer
securities to the public may occur criminally liability, or otherwise be sanctioned or penalized
accordingly as held by the Supreme Court in the case of Securities and Exchange Commission vs.
Oudine Santos (G.R. No. 195542, 19 March 2014)
Should you have any information regarding the operation of ASJ FOREX GLOBAL
LIMITED or any securities solicitation activity by any individual or group of individuals
representing ASJ FOREX GLOBAL LIMITED, please send your report to the Enforcement and
Investrors Protection Department at epd@sec.gov.ph
For the information and guidance of the public.
Makati City, 23 August 2022