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Pros

Potentially wide range of trading options including forex, commodities, and indices.
User-friendly mobile trading apps may appeal to novice traders.
Long-standing presence in the market since 2004.

Cons

Unregulated broker, raising significant concerns about safety and security of funds.
Numerous negative customer reviews and experiences indicating potential scam practices.
Withdrawal processes are reportedly delayed, making it difficult for clients to access their funds.

ACE FX broker Accounts

Ace FX Account Type

Ace FX offers three distinct account types to cater to the varying needs of traders:

  • Micro Account:
    • Minimum Deposit: $50
    • Maximum Leverage: 1:500
    • Spreads: Starting from 1 pip
    • Instruments: Forex, CFDs, and Binary Options
    • Standard Account:
      • Minimum Deposit: $10,000
      • Maximum Leverage: 1:100
      • Spreads: Starting from 0.80 pips
      • Instruments: Forex and CFDs
      • VIP Account:
        • Minimum Deposit: $50,000
        • Maximum Leverage: 1:100
        • Spreads: Starting from 0.6 pips
        • Instruments: Forex and CFDs

        All account types are commission-free and offer variable spreads, allowing traders to choose the option that best fits their trading strategy and risk appetite.

        Ace FX Broker Account Opening Process

        To open a trading account with Ace FX, follow these steps:

        • Visit the Website: Go to the Ace FX official website.
        • Complete the Registration Form: Fill out the online application form with your personal details.
        • Submit Required Documents:
          • Proof of Identity: A passport or national identity card with a clear photo and personal details.
          • Proof of Address: A utility bill or similar document showing your address.
          • Initial Deposit: Fund your account with the minimum required deposit based on the account type you choose.
          • Account Verification: Wait for your account to be verified, which is usually processed quickly.
          • Start Trading: Once your account is verified, you can begin trading on the Ace FX platform.
          • Make sure to provide accurate information during the registration process to avoid any issues with withdrawals in the future.

ACE FX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
ACE FX Account