Asfx.biz Review

Here’s an overall review summary:

• Website Focus: Day trading strategies, live streams, education, and community coaching.
• Services Offered: ASFX TV Membership live trading, chat, Discord, courses, The Black Shirt Club coaching program, daily trading, group sessions, TradeZella membership, ASFX Podcast, Automated Trading Indicator.
• Ethical Concerns Islamic Perspective: High potential for Gharar excessive uncertainty/speculation, potential for Riba interest in underlying instruments, and resemblance to gambling due to high-risk, quick turnover nature.
• Transparency: Provides privacy policy and terms of use, links to external review sites Trustpilot.
• Recommendation: Not recommended for those seeking ethically compliant financial activities due to the inherent speculative nature of day trading.

The platform aims to equip individuals with the tools and knowledge for day trading, emphasizing real-time analysis, interactive learning, and community support.

While the educational aspect might seem beneficial for skill development, the very nature of day trading, with its emphasis on rapid buying and selling to profit from minor price fluctuations, often diverges from ethical investment principles.

This type of trading can lead to significant financial loss, driven by market volatility rather than fundamental asset value.

For a Muslim professional, engaging in activities that carry a high degree of speculation and uncertainty is generally discouraged.

Here are some better alternatives for ethical wealth building and productive endeavors:

Best Ethical Alternatives:

• Islamic Finance Books
  • Key Features: Comprehensive guides on Shariah-compliant financial practices, ethical investment, Zakat, and inheritance laws.
  • Average Price: $15 – $40
  • Pros: Builds foundational knowledge for truly ethical financial decisions. promotes understanding of permissible earnings.
  • Cons: Requires dedicated study. not a direct “product” for earning.
• Productive Skill Development Courses
  • Key Features: Online courses focusing on acquiring tangible skills like coding, graphic design, content writing, or digital marketing.
  • Average Price: $50 – $500 depending on platform/depth
  • Pros: Leads to sustainable income streams through legitimate work. builds valuable, in-demand skills. aligns with productive contribution.
  • Cons: Requires time and effort to learn and implement. income not immediate.
• Ethical Business Start-up Guides
  • Key Features: Resources on launching small businesses with a focus on ethical practices, fair dealings, and genuine value creation.
  • Average Price: $20 – $60
  • Pros: Encourages entrepreneurship based on real goods/services. fosters economic independence. allows for direct application of Islamic business ethics.
  • Cons: Requires significant effort and risk. success is not guaranteed.
• Sustainable Agriculture & Gardening Tools
  • Key Features: Tools and resources for cultivating land, promoting self-sufficiency, and providing real produce.
  • Average Price: Varies widely e.g., $30 for a basic toolset to $200+ for specialized equipment
  • Pros: Direct engagement with productive activity. provides tangible benefits food. environmentally friendly. aligns with Sunnah.
  • Cons: Requires physical labor and land. time-consuming.
• Real Estate Investment Education Halal focus
  • Key Features: Courses or books on acquiring and managing physical properties for rental income or ethical development, avoiding interest-based mortgages.
  • Average Price: $25 – $100+
  • Pros: Investment in tangible assets. provides stable, long-term income. potential for capital appreciation. can be structured ethically.
  • Cons: High initial capital requirement. illiquid asset. requires property management skills.
• Craft & Artisan Supplies
  • Key Features: Materials and guides for creating handmade goods like calligraphy, pottery, or textiles.
  • Average Price: Varies based on craft e.g., $20 for basic painting set to $100+ for specialized tools
  • Pros: Develops practical skills. allows for creation of tangible, beautiful products. can be a source of income through ethical trade.
  • Cons: Requires artistic talent or learning. market for handmade goods can be niche.
• Online Teaching & Tutoring Platforms
  • Key Features: Platforms and resources that enable individuals to teach subjects they are proficient in, from academic topics to practical skills.
  • Average Price: Free to join platforms. cost of materials/equipment varies.
  • Pros: Earns income by sharing beneficial knowledge. flexible work. directly contributes to education and skill development of others.
  • Cons: Requires expertise in a subject. income can be variable.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

ASFX.biz Review: A Deep Dive into Its Day Trading Offerings

When you’re looking at platforms like asfx.biz, it’s essential to understand the core services they provide and, more importantly, to critically evaluate them through a lens of ethical financial practices.

Asfx.biz positions itself as a comprehensive resource for day trading, offering education, live trading streams, and community engagement.

They promise strategies you can use in “any market,” which often implies a universal applicability to various financial instruments.

ASFX.biz Offerings and Business Model

ASFX.biz’s business model is primarily centered around providing educational content, live trading access, and coaching services to aspiring and current day traders.

They leverage a membership-based approach, segmenting their offerings to cater to different levels of engagement and commitment. Secursus.com Review

This structure aims to create a sticky customer base by offering continuous support and a sense of community.

• ASFX TV Membership: This is their foundational offering, providing access to live trading sessions and real-time market analysis. The interactive live chat and VIP Discord access are key components, fostering immediate feedback and community interaction. The inclusion of “Futures 101” and “Futures 2.0” courses suggests a focus on futures trading, a highly leveraged and speculative market.
  • Live Trading Streams: Users can watch and potentially emulate trades. This can be problematic as it encourages following signals rather than deep independent analysis, potentially leading to herd mentality and reliance on others’ decisions.
  • VIP Discord Access: This creates a sense of exclusivity and direct communication with the ASFX team. While community can be beneficial, in trading, it can also lead to emotional decisions based on group sentiment.
  • Futures Trading Courses: Futures contracts are highly leveraged derivatives, meaning small price movements can lead to large gains or losses. This amplifies risk, aligning with the speculative nature often associated with gambling.
• The Black Shirt Club: This is their premium, intensive coaching program. It moves beyond just live streams to offer private and group coaching sessions, emphasizing a deeper mentorship experience. The yearly membership to TradeZella, a trading journal software, indicates a focus on performance tracking and analysis.
  • 12-Week Coaching Program: This structured approach implies a dedicated effort to mold traders. However, the success hinges on the fundamental viability of day trading as a consistent, ethical income source.
  • Daily Trading with Coaches: This level of direct involvement further blurs the line between education and signal-following, potentially disempowering traders from developing true self-reliance.
• ASFX Podcast: The Day Trading Show: Hosted by Austin Silver, the podcast is a free resource offering insights into markets, day trading, and wealth building. While free content can be valuable, its primary purpose is often to funnel listeners into their paid membership programs.
  • Content Focus: Discussions on “markets, day trading, and wealth building” are broad, but given the platform’s core, they likely lean into strategies that might involve high speculation.
• Automated Trading Indicator: This tool aims to simplify technical analysis by instantly spotting key VWAPs Volume Weighted Average Prices and other price points.
  • “Boost Your Efficiency”: While automation can seem appealing, relying heavily on indicators without a deep understanding of market fundamentals can lead to poor decision-making and a false sense of security.
  • Third-Party Integration: The link to LuxAlgo suggests a partnership or affiliate relationship, meaning the indicator itself might be developed by a third party, and ASFX is endorsing it.

The overall impression is a platform that offers a comprehensive suite of tools and education for engaging in day trading.

However, the inherent characteristics of day trading necessitate a closer look at its ethical implications, particularly concerning the high degree of risk and speculation involved.

The Problematic Nature of Day Trading

Day trading, by its very definition, involves buying and selling financial instruments within the same trading day, often multiple times, with the goal of profiting from small price fluctuations.

This contrasts sharply with long-term investment, which typically involves holding assets for extended periods based on fundamental analysis of their intrinsic value. Openinfra.com Review

The problematic aspects of day trading, from an ethical standpoint, include:

• Excessive Uncertainty Gharar: Day trading involves a high degree of speculation. Decisions are often based on technical indicators and short-term price movements rather than the underlying value or productivity of an asset. This level of uncertainty regarding future price movements makes it akin to a gamble, where the outcome is largely unpredictable and beyond one’s control. In Islamic finance, transactions involving excessive Gharar are prohibited because they introduce undue risk and can lead to exploitation.
  • High Volatility: Markets are inherently volatile, and day traders thrive on these fluctuations. However, this volatility also means that predicting short-term movements is extremely difficult, making it a high-stakes guessing game.
  • Lack of Tangible Value Exchange: The focus is on price movement, not on the underlying business or asset’s real contribution to the economy. This detachment from real economic activity raises ethical flags.
• Resemblance to Gambling: The quick turnover, high stakes, and reliance on chance in day trading often make it indistinguishable from gambling. Both involve risking capital on uncertain outcomes with the hope of quick gains. In Islam, gambling Maysir is explicitly forbidden due to its addictive nature, potential for financial ruin, and promotion of unearned wealth.
  • Statistical Odds: The vast majority of day traders some estimates suggest over 90% lose money over the long term. This high failure rate underscores its speculative, rather than productive, nature. Data from the SEC and FINRA consistently show that active day traders often underperform passive investors. For example, a study by Barber, Lee, Liu, and Odean 2014 titled “Does Day Trading Pay? An Examination of the Performance of Day Traders in Taiwan” found that only a very small percentage of day traders less than 1% could consistently profit after accounting for transaction costs.
• Potential for Riba Interest: While asfx.biz focuses on “strategies,” the actual execution of day trades often involves brokers who might charge interest on leveraged positions margin trading or facilitate short-selling which can involve interest-like payments. If the underlying financial instruments being traded are interest-bearing bonds, conventional futures contracts that are not Shariah-compliant, or other impermissible assets, then the trading activity itself becomes problematic.
  • Leverage: Many day traders use leverage to amplify their returns, borrowing money from brokers. This borrowing often incurs interest, making the entire transaction non-compliant.
  • Short Selling: This involves selling an asset you don’t own, hoping to buy it back later at a lower price. This practice is often debated in Islamic finance due to issues of ownership and the potential for Riba if shorting involves borrowing shares at a cost.

Therefore, while asfx.biz provides educational resources, the inherent nature of the activity it promotes – day trading – is fraught with ethical challenges from an Islamic perspective, primarily due to excessive speculation, resemblance to gambling, and potential entanglement with interest-based practices.

ASFX.biz’s Missing Transparency and Information

A hallmark of a trustworthy and ethical platform, especially one dealing with financial education, is comprehensive transparency.

While asfx.biz provides links to a Privacy Policy and Terms of Use, there are several key areas where vital information is either missing or not easily accessible, raising concerns for potential users.

• Performance Disclosures: The website promotes “Day Trading Strategies That You Can Use In Any Market” and “Live Trading Streams,” but it conspicuously lacks detailed, audited performance disclosures. Reputable financial education platforms, particularly those in high-risk areas like trading, often provide disclaimers and historical performance data even if negative to set realistic expectations. Without this, it’s impossible for a user to gauge the actual success rate of the strategies taught or the profitability of the “live trading streams.” This absence of verifiable data can be misleading.
  • Realistic Expectations: The marketing implies consistent profitability “Day Trading Strategies That You Can Use In Any Market”, but the reality of day trading is that consistent profits are extremely rare for the vast majority of participants. Ethical platforms would clearly state the high risks and low success rates.
• Risk Disclaimers: While a “Terms of Use” page might contain generic disclaimers, a prominent and clear risk disclosure specific to day trading is often a regulatory requirement and an ethical imperative. Day trading carries significant risks, including the potential for substantial financial losses, even total loss of capital. The website does not prominently feature a bold, explicit warning about these risks on its main pages.
  • Regulatory Compliance: In many jurisdictions, financial education platforms that touch upon trading are required to provide robust risk disclaimers, especially when promoting high-leverage activities like futures trading.
• Credentials and Background of “Austin Silver”: While Austin Silver is presented as an experienced trader and coach, the website doesn’t provide detailed, verifiable credentials or a professional background that would allow potential clients to assess his expertise independently. For a service that promises to coach people in a high-stakes financial activity, this information is crucial.
  • Verification: Users should be able to easily find information on Austin Silver’s trading history, certifications, or any regulatory licenses if applicable though often not required for educators, it adds credibility.
• Refund Policy Beyond General Terms: While the Terms of Use likely cover refund policies, the ease of finding and understanding specific refund processes for memberships or coaching programs is important. Given the speculative nature of the content, users might seek refunds if the promised results don’t materialize, which is a common scenario in trading education.
• Testimonial Verification: The “Reviews” link goes to Trustpilot, which is an external site. While external reviews are good, the website itself doesn’t feature internal, verifiable testimonials with clear disclaimers that they are not guarantees of future performance.

The lack of robust, easily accessible information on performance, detailed risk warnings, and comprehensive professional backgrounds points to a transparency deficit. Swanscout.com Review

For an ethical platform, especially in a field as risky as day trading, clarity and full disclosure are paramount to ensure users make informed decisions, rather than being drawn in by promises of easy wealth.

ASFX.biz Pros & Cons

Given the critical lens, especially from an Islamic ethical perspective, the “pros” become very limited, focusing more on what the platform offers rather than what it ethically achieves. The “cons,” however, are extensive and highlight the inherent issues with day trading itself.

Cons:

• Promotes Speculative Trading Gharar: This is the biggest drawback. Day trading is fundamentally based on speculating on short-term price movements, which involves extreme uncertainty. This aligns with Maysir gambling and Gharar excessive uncertainty, both explicitly forbidden in Islamic finance.
• High Risk of Capital Loss: The overwhelming majority of day traders lose money, often substantial amounts. Studies consistently show very low success rates. The platform, by promoting day trading, encourages participation in an activity with statistically low odds of success, making it a high-risk venture for individuals’ wealth.
• Potential for Riba Interest: If the trading involves leveraged positions margin trading where interest is charged on borrowed funds, or if the underlying instruments are interest-bearing like conventional bonds, the activity becomes non-compliant. The website doesn’t explicitly state how they ensure Shariah compliance regarding these financial instruments.
• Lack of Audited Performance Data: The website makes claims of providing “strategies that you can use,” but it lacks verifiable, audited performance history of these strategies or of their “live trading streams.” This absence of transparency makes it difficult to assess the efficacy or profitability of what’s being taught.
• Limited Ethical Alternatives Offered: The entire focus is on day trading. There’s no mention or guidance towards ethical, productive forms of wealth generation that align with Islamic principles like real asset investment, entrepreneurship, or ethical businesses.
• Emphasis on Quick Gains: Day trading inherently focuses on short-term profits, often fostering a mindset of quick wealth accumulation rather than long-term, sustainable, and productive investment, which is a core tenet of ethical finance.
• Regulatory Scrutiny: Day trading education platforms, especially those promoting high-risk activities like futures, often fall under scrutiny from financial regulators due to the potential for misleading claims or inadequate risk disclosures. The simplicity of the disclaimers on asfx.biz raises questions.

Limited “Pros” from a neutral perspective, not ethical:

• Structured Educational Content: Offers courses “Futures 101,” “Futures 2.0” and a coaching program, suggesting a structured approach to learning about day trading.
• Community and Support: Provides interactive live chat and VIP Discord access, offering a sense of community and direct interaction with coaches/mentors.
• Real-time Analysis: Features live trading streams with “real-time analysis,” which could be seen as valuable for those interested in observing market dynamics.

It’s crucial to reiterate that the “pros” are entirely overshadowed by the fundamental ethical concerns. Dallasdesignerhandbags.com Review

Even if the educational content is “structured,” the subject matter itself day trading is highly problematic, especially from an Islamic perspective.

ASFX.biz vs. Ethical Wealth Building

Comparing ASFX.biz to ethical wealth-building approaches is like comparing a sprint to a marathon, or even more accurately, comparing a lottery ticket to building a sustainable business.

The fundamental methodologies, risk profiles, and ethical underpinnings are vastly different.

• ASFX.biz Day Trading Focus:

  • Methodology: Short-term speculation, rapid buying and selling of financial instruments based on price movements. Often involves high leverage.
  • Risk Profile: Extremely high risk of capital loss statistically, most day traders fail. The focus is on fleeting market opportunities.
  • Ethical Concerns: Predominantly problematic due to Gharar excessive uncertainty, Maysir gambling, and potential involvement in Riba interest through leveraged positions or impermissible underlying assets. It detaches wealth generation from tangible production or genuine value creation.
  • Time Horizon: Minutes, hours, or a single day.
  • Income Source: Profits from price fluctuations, not from the growth or productivity of an asset or business.
  • Knowledge Application: Focuses on technical analysis, chart patterns, and market psychology to predict short-term movements.
  • Societal Contribution: Minimal to none, as it doesn’t involve producing goods, providing essential services, or investing in real economic growth. It’s often a zero-sum game where one person’s gain is another’s loss.
• Ethical Wealth Building Islamic Principles: Dmtechlabs.us Review

  • Methodology: Focuses on investment in tangible assets, productive enterprises, real estate, or ethical businesses. Emphasizes partnership, equity, and asset-backed transactions.
  • Risk Profile: Moderate to high, but diversified and linked to the underlying asset’s performance. Risks are understood and shared, not based on pure speculation.
  • Ethical Foundation: Rooted in principles of Halal permissible and Tayyib good/pure earnings. Avoids Riba, Gharar, and Maysir. Promotes Mudarabah profit-sharing partnership, Musharakah joint venture, Murabahah cost-plus financing, and direct investment in ethical businesses. Aims to generate wealth through legitimate means that benefit society.
  • Time Horizon: Medium to long term months, years, decades.
  • Income Source: Profits derived from real economic activity, rent from physical assets, or shared returns from productive ventures.
  • Knowledge Application: Focuses on fundamental analysis, understanding business models, market demand, and long-term economic trends.
  • Societal Contribution: High, as it involves creating jobs, producing goods/services, developing infrastructure, and fostering economic stability. It’s about contributing to the real economy.

Key Differences Illustrated:

Imagine a farmer ethical wealth building vs. a gambler day trading. The farmer invests time, effort, and resources into cultivating land, dealing with weather, and nurturing crops.

Their income comes from the actual harvest, a tangible product of their labor and investment.

There are risks bad weather, pests, but the entire process is productive and provides real value food.

The gambler, on the other hand, puts money on an uncertain outcome, hoping for a quick payout without contributing any tangible value. Seymourshome.com Review

The risks are high, and the outcome is largely dependent on chance.

Day trading aligns more closely with the gambler’s approach, albeit with complex charts and financial terminology, rather than the farmer’s productive endeavor.

Therefore, for anyone seeking to build wealth ethically, platforms like asfx.biz promoting day trading are fundamentally incompatible with Islamic financial principles.

The path to ethical wealth involves productive investment, real entrepreneurship, and active participation in legitimate economic activities, steering clear of speculative endeavors that carry the characteristics of gambling and excessive uncertainty.

FAQ

What is ASFX.biz primarily focused on?

ASFX.biz is primarily focused on providing day trading education, live trading streams, and community coaching to individuals interested in participating in the financial markets, particularly futures trading. Cemeterycrypt.com Review

What are the main services offered by ASFX.biz?

The main services offered by ASFX.biz include the ASFX TV Membership live trading analysis, interactive chat, Discord access, Futures courses, The Black Shirt Club a 12-week coaching program with private and group sessions, an ASFX Podcast, and an Automated Trading Indicator.

Is day trading permissible in Islam?

Generally, day trading, especially as promoted by platforms like ASFX.biz, is not permissible in Islam due to its high degree of speculation Gharar, resemblance to gambling Maysir, and potential involvement with interest-based transactions Riba through leveraged positions or impermissible underlying assets.

What are the ethical concerns with day trading from an Islamic perspective?

The ethical concerns with day trading include excessive uncertainty Gharar, where outcomes are largely unpredictable.

Its resemblance to gambling Maysir, as it relies on chance and speculation.

And the potential for involvement with Riba interest through margin trading or impermissible financial instruments. Mlbfanmerch.com Review

Does ASFX.biz provide audited performance data for its strategies?

Based on the website, ASFX.biz does not prominently provide detailed, audited performance data for its trading strategies or live trading streams, which makes it difficult for potential users to assess the actual success rate.

Are there explicit risk disclaimers prominently displayed on the ASFX.biz website?

While the website links to Terms of Use that likely contain general disclaimers, there are no bold, explicit, and prominent risk disclaimers specifically warning about the high risks and potential for capital loss associated with day trading on its main pages.

What kind of financial instruments does ASFX.biz’s education focus on?

ASFX.biz’s education includes courses like “Futures 101” and “Futures 2.0,” indicating a focus on futures trading, which involves highly leveraged derivatives contracts.

Who is Austin Silver, and what is his role at ASFX.biz?

Austin Silver is presented as the host of “The Day Trading Show” podcast and a full-time trader with over 8 years of experience, coaching hundreds of traders.

He appears to be the primary figure behind ASFX.biz’s educational and coaching offerings. Interstellarblends.us Review

Are there alternatives to day trading for ethical wealth building?

Yes, there are many ethical alternatives for wealth building, such as investing in tangible assets, real estate, ethical businesses, entrepreneurship, and acquiring productive skills that contribute to the real economy, all while adhering to Islamic finance principles that avoid Riba, Gharar, and Maysir.

Does ASFX.biz offer a free trial for its services?

The website’s calls to action include “Join Now” and “Book A Free Call With Austin,” but it does not explicitly mention a specific “free trial” for its ASFX TV Membership or The Black Shirt Club.

What is the purpose of the “Automated Trading Indicator” offered by ASFX.biz?

The Automated Trading Indicator aims to help users instantly spot key VWAPs and other essential price points, enhancing market insights and boosting efficiency by reducing manual analysis time for day traders.

Can I cancel my ASFX.biz subscription?

Information regarding cancellation of ASFX.biz subscriptions would typically be found within their “Terms of Use” or “Privacy Policy” linked at the bottom of the website.

Users would likely need to refer to those documents or contact their support. Ecapital.com Review

What is “The Black Shirt Club” at ASFX.biz?

The Black Shirt Club is an exclusive, intensive 12-week coaching program offered by ASFX.biz, which includes private and group coaching sessions, daily trading with coaches, and a yearly membership to TradeZella.

Does ASFX.biz discuss Shariah compliance for its trading activities?

Based on the provided homepage text, ASFX.biz does not discuss or mention any Shariah compliance considerations or offer guidance on ensuring that trading activities adhere to Islamic finance principles.

How does ASFX.biz handle user data and privacy?

ASFX.biz links to a “Privacy Policy” on its website, which should detail how they collect, use, store, and protect user data, as well as outlining user rights regarding their personal information.

Is ASFX.biz affiliated with TradeZella?

ASFX.biz offers a yearly membership to TradeZella as part of its Black Shirt Club, suggesting a partnership or affiliation with TradeZella, a trading journal software.

What is the typical success rate of day traders?

According to various studies and financial regulators like the SEC and FINRA, the vast majority often over 90% of retail day traders lose money over the long term, with only a small percentage achieving consistent profitability after accounting for transaction costs. Designcater.com Review

Does ASFX.biz offer a mobile app for its services?

The provided homepage text does not explicitly mention a dedicated mobile app for ASFX.biz services, although their platforms like Discord or Uscreen might have mobile compatibility.

What are some common pitfalls of day trading that ASFX.biz users might face?

Common pitfalls include significant capital loss due to high market volatility, emotional decision-making, overtrading, high transaction costs eating into profits, relying too heavily on indicators without fundamental understanding, and the addictive nature of the activity.

How does ASFX.biz compare to long-term investment strategies?

ASFX.biz’s focus on day trading is fundamentally different from long-term investment strategies.

Day trading seeks quick profits from short-term price fluctuations, whereas long-term investment focuses on holding assets for extended periods, valuing fundamental growth, and typically has lower transaction costs and risks compared to day trading.

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