ACEX Forex Broker provides real users with * positive reviews, * neutral reviews and 2 exposure review!
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Unable to withdraw money, the platform is fraudulent, and after paying the margin, they will find a lot of excuses not to allow you to withdraw money.
Scammers don't allow me to withdraw funds. 20% margin was required to unfreeze teh account
ACEX, an online forex broker based in Seychelles, has garnered attention since its establishment. However, reviews indicate a mixed reputation, particularly concerning its regulatory status and user experience. Many sources highlight its unregulated nature as a significant concern, while others note the range of trading instruments and account types available to traders.
Attention: It is crucial to note that ACEX operates under different entities across various jurisdictions, which may affect user experience and regulatory protection. This review aims to provide a fair and accurate assessment of ACEX based on the available information.
| Criteria | Score (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Experience | 6 |
| Trustworthiness | 2 |
| User Experience | 4 |
| Additional Criteria | 5 |
We score brokers based on user reviews, expert opinions, and factual data from reliable sources.
ACEX was founded approximately 2-5 years ago and operates out of Seychelles. The broker is unregulated, which raises concerns about transparency and security for potential investors. ACEX offers trading through popular platforms such as MetaTrader 4, WebTrader, and cTrader, catering to a variety of trading styles and preferences. The broker allows trading in multiple asset classes, including forex, cryptocurrencies like Bitcoin and Ethereum, and CFDs. However, the absence of any major regulatory oversight is a notable drawback.
ACEX operates in an unregulated environment, which means it is not overseen by any recognized financial authority. This lack of regulation raises concerns about the safety of client funds and the overall reliability of the broker. According to WikiFX, the regulatory index for ACEX is 0.00, indicating a significant risk for traders.
ACEX supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. The minimum deposit requirement is relatively low at $100, making it accessible for novice traders. However, the withdrawal fees can range from 0% to 2%, and processing times vary from instant to several business days, depending on the method used.
The minimum deposit required to open an account with ACEX is $100. This low entry point can attract new traders, but it is essential to weigh this against the risks associated with trading with an unregulated broker.
ACEX does not appear to offer any significant bonuses or promotions, which is not uncommon among unregulated brokers. Potential traders should be cautious of any promotional claims that may not be backed by legitimate offers.
ACEX provides access to a diverse range of trading instruments, including forex, cryptocurrencies (such as Bitcoin, Ethereum, and Ripple), commodities, and indices. This variety allows traders to diversify their portfolios, but the lack of regulation may deter risk-averse investors.
Spreads at ACEX start from 0.5 pips, which is competitive compared to many brokers. However, there are no commission fees, which can be appealing. It's essential for traders to consider the overall cost of trading, including potential withdrawal fees.
ACEX offers a maximum leverage of up to 1:400, which can amplify both potential profits and losses. This high leverage may attract experienced traders but poses significant risks for beginners who may not fully understand the implications of leveraged trading.
Traders at ACEX can choose from several platforms, including MetaTrader 4, WebTrader, and cTrader. These platforms are known for their user-friendly interfaces and robust trading tools, making them suitable for both novice and experienced traders.
ACEX does not provide clear information on restricted regions, which may vary depending on the jurisdiction of the trader. As an unregulated broker, it is advisable for potential clients to conduct thorough research regarding local laws and regulations before engaging with ACEX.
Customer support at ACEX is primarily offered through social media platforms like Facebook and Twitter, which may not be convenient for all users. The limited support options have been highlighted as a significant drawback, with many users expressing frustration over the lack of direct contact methods.
| Criteria | Score (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Experience | 6 |
| Trustworthiness | 2 |
| User Experience | 4 |
Account Conditions (4/10): While ACEX offers various account types, the unregulated status significantly diminishes the overall attractiveness of its account conditions.
Tools and Resources (5/10): The availability of popular trading platforms like MetaTrader 4 and cTrader provides traders with essential tools, but the lack of educational resources limits the potential for novice traders.
Customer Service and Support (3/10): The reliance on social media for customer support has led to mixed reviews, with many users expressing dissatisfaction with response times and availability.
Trading Experience (6/10): The trading experience is generally positive, with competitive spreads and multiple asset classes; however, the unregulated nature of ACEX raises concerns regarding overall reliability.
Trustworthiness (2/10): The absence of regulation and numerous warnings about ACEX's operations significantly impact its trustworthiness, making it a risky choice for traders.
User Experience (4/10): User experiences vary, with some appreciating the platform's features while others express concerns about the lack of support and regulatory oversight.
In conclusion, while ACEX presents a range of trading options and platforms, its unregulated status and mixed user reviews suggest that potential traders should exercise caution. The lack of regulatory oversight is a critical factor that could lead to significant risks, particularly for inexperienced traders. As such, it is advisable to carefully consider personal risk tolerance and conduct thorough research before engaging with ACEX.
