Achiever FX Forex Broker

Achiever FX Forex Broker - Complete Information Guide

1. Broker Overview

　　Achiever FX, officially known as Achiever Global Markets Ltd, was established in 2023. The company is headquartered in Saint Lucia, with its main office located at the Ground Floor, The South Bay Building, Rodney Bay, Gros-Islet, Saint Lucia, P.O. Box 838, Castries. As a privately held entity, Achiever FX aims to provide a range of trading services primarily targeting individual traders and institutional clients.

　　Since its inception, Achiever FX has focused on offering various financial products, including forex, commodities, cryptocurrencies, indices, stocks, and futures, catering to a diverse clientele. The broker has quickly established itself in the market, although it is relatively new and still developing its reputation.

　　The business model of Achiever FX revolves around retail forex trading, providing access to a wide array of financial instruments. The firm claims to prioritize customer service and user experience, offering a demo account for potential clients to familiarize themselves with the trading platform before committing real funds.

2. Regulatory and Compliance Information

　　Achiever FX operates without any regulation from recognized financial authorities, which raises significant concerns regarding its legitimacy. The absence of a regulatory license means that the broker is not subject to the same strict standards and oversight that regulated entities must adhere to. As of now, there are no valid regulatory numbers associated with Achiever FX, and it has not been listed in the financial services regulatory authority in Saint Lucia or any other jurisdiction.

　　The lack of regulation is a major red flag for investors, as it indicates that the broker does not offer the same level of client protection that regulated firms do. Furthermore, there is no information available regarding the segregation of client funds, which is crucial for ensuring the safety of traders' capital. Achiever FX has not indicated any participation in investor compensation funds, which would provide additional security to clients in case of broker insolvency.

　　KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures are essential for maintaining transparency and security in financial transactions. However, the specifics of Achiever FXs KYC and AML policies are not publicly disclosed, which further complicates the assessment of its reliability.

3. Trading Products and Services

　　Achiever FX offers a diverse range of trading products, with a particular emphasis on forex trading. The broker provides access to a variety of currency pairs, including major, minor, and exotic pairs, although the exact number of available forex pairs is not specified in the available sources.

　　In addition to forex, Achiever FX supports trading in several categories of CFDs (Contracts for Difference), including:

• Indices: Major global indices are available for trading.
• Commodities: Traders can engage in commodity trading, although specific commodities are not detailed.
• Stocks: A selection of stocks from various markets is offered.
• Cryptocurrencies: Popular cryptocurrencies such as Bitcoin and Ethereum are available for trading.
• Futures: Futures contracts are also part of the product offering.

　　The broker appears to update its product offerings periodically, but detailed information regarding the frequency of these updates or any unique trading products has not been provided. Achiever FX primarily focuses on retail trading services, with no specific mention of institutional client services or white-label solutions.

4. Trading Platform and Technology

　　Achiever FX utilizes the MetaTrader 5 (MT5) trading platform, which is renowned for its user-friendly interface and advanced trading capabilities. However, there is no support for MetaTrader 4 (MT4), which may limit options for traders accustomed to that platform.

　　The broker does not appear to offer a proprietary trading platform, which is common among many brokers. The MT5 platform provides essential features such as:

• Advanced charting tools
• Technical analysis indicators
• Automated trading capabilities through Expert Advisors (EAs)

　　Achiever FX also offers a web-based trading platform and mobile applications for both iOS and Android, allowing traders to access their accounts and execute trades on the go. The execution model is primarily based on STP (Straight Through Processing), which aims to provide faster trade execution without any dealing desk intervention.

　　The servers for Achiever FX are located in the United States, ensuring a stable and responsive trading environment. Additionally, API access for automated trading is supported, allowing traders to integrate their trading strategies seamlessly.

5. Account Types and Trading Conditions

　　Achiever FX provides several account types to cater to different trading needs:

• Standard Account: Minimum deposit of $250, with spreads starting from 1.4 pips and no commissions.
• VIP Account: Requires a minimum deposit of $5,000, with tighter spreads starting from 0.9 pips and no commissions.
• ECN Account: Requires a minimum deposit of $15,000, offering spreads from 0.2 pips with a commission of $5 per lot.

　　The leverage offered varies by account type, with a maximum of 1:500 for the standard account and 1:400 for the VIP account. The ECN account has a lower leverage of 1:100. The minimum trade size for all accounts is set at 0.01 lots.

　　Achiever FX allows traders to open demo accounts, providing an opportunity to practice trading strategies without financial risk. The overnight fees (swap charges) apply to the ECN account, while the standard and VIP accounts do not incur swap fees.

6. Fund Management

　　Achiever FX supports various deposit methods, including bank transfers, credit cards, and e-wallets, allowing traders to fund their accounts conveniently. The minimum deposit requirement is $250 for the standard account, while the VIP and ECN accounts have higher minimums.

　　The processing time for deposits is typically within a few hours, depending on the method used. Notably, Achiever FX does not charge fees for deposits or withdrawals, which is a favorable aspect for traders looking to manage their funds efficiently.

　　Withdrawals can be made using the same methods as deposits, with a minimum withdrawal limit of $50. The processing time for withdrawals is stated to be within 5 business days, which may be a concern for traders expecting faster access to their funds.

7. Customer Support and Educational Resources

　　Achiever FX offers multiple channels for customer support, including phone, email, and online chat, with a commitment to providing assistance 24/7. The customer support team can be reached at support@achieverfx.com or through their contact number 00971557547696.

　　The broker supports several languages, although specific languages are not listed in the available sources. Educational resources are limited, but they may include web seminars, tutorials, and e-books to help traders enhance their knowledge.

　　Market analysis services, including daily market updates and research reports, are not explicitly mentioned, which could be a drawback for traders seeking comprehensive market insights. Additionally, essential trading tools such as calculators and economic calendars are typically expected but were not detailed in the available information.

8. Regional Coverage and Restrictions

　　Achiever FX primarily serves clients in various regions, although specific major markets are not explicitly mentioned. The broker's operations are based in Saint Lucia, with a registered address that may appeal to clients looking for offshore trading options.

　　However, Achiever FX does not accept clients from certain jurisdictions, including the United States and other countries where local laws may restrict forex trading. This limitation is crucial for potential clients to consider before opening an account.

　　In summary, while Achiever FX offers a range of trading products and services, potential clients should exercise caution due to the lack of regulation and transparency surrounding the broker's operations. Always consider the associated risks and conduct thorough research before engaging with any financial service provider.