If you are looking to invest in AceFxPro, then read this complete AceFxPro Review to know the detailed overview of this broker. AceFxPro, operating under the trading name of Ace Global Limited, purportedly functions as a versatile brokerage firm established in 2015 and officially registered in Saint Vincent and the Grenadines. They assert to offer their clientele access to the widely-utilized MT5 platform, providing flexibility with leverage ratios reaching up to 1:500, variable spreads across a diverse range of tradable assets, and the option to choose from three distinct account types.
Nevertheless, there exist certain drawbacks that warrant consideration. AceFxPro operates without regulatory oversight, a factor that may raise concerns among traders seeking the security of a regulated trading environment. For a comprehensive evaluation of AceFxPro and to understand why it has found its place on our list of scam brokers 2023, we encourage you to peruse our detailed AceFxPro review.
Website – https://acefxpro.com/
Address – Suite 305, Griffith Corporate Centre Kingstown, Saint Vincent and the Grenadines
Warning – Not recommended by review websites like Scams Report
Regulation – Unregulated, Offshore
Domain Age –
|Date Registered||January 17, 2019|
|Domain Age||4 years, 8 months, 4 days, 19 hours, 10 minutes, 9 seconds|
Is AceFxPro legit or a scam broker?
AceFxPro operates as an offshore broker without the possession of a forex broker license, and it operates without oversight from any financial regulator, casting doubt on its legitimacy. The company is registered in St. Vincent and the Grenadines and claims to be licensed by the local Financial Services Authority (FSA).
However, it’s crucial to note that the FSA does not regulate or oversee forex and CFD brokers. The FSA neither issues licenses for conducting forex trading, brokerage, or binary options trading, nor does it supervise or license International Business Companies (IBCs) engaged in such activities.
AceFxPro Review: Trading Platform
AceFxPro provides traders with a choice of trading platforms to suit their preferences. The broker supports the technologically advanced MetaTrader5 (MT5) which is available for PC and mobile devices, offering customization options, one-click trading, live price streaming, and access to technical indicators and charting tools, but this doesn’t make it more reliable.
AceFxPro Review: Deposit and Withdrawal Methods
AceFxPro states that wire transfers, VISA, MasterCard, and Bitcoin payments are accepted. It should be noted, nevertheless, that if you try to make a credit card payment, you will be sent to a third-party payment provider. Furthermore, when it comes to making deposits with online brokers, we do not advise using wire transfers or cryptocurrency payments since you will not be able to cancel the payment if something goes wrong.
AceFxPro has a $200 minimum need, which is not a big barrier. It’s important to remember, nevertheless, that a lot of trustworthy and lawfully licensed brokers require smaller initial deposit.
AceFxPro Review: Trading Conditions
AceFxPro has a maximum leverage ratio of 1:500, which is appropriate for all trading techniques. We caution you that the possibility of losing all of your money in an instant should the market turn against you increase with the high amount of leverage. In many jurisdictions, leverage is regulated at levels much below 1:100 precisely because of this risk.
On their most basic account types, the broker’s spreads on EUR USD start at 1.6 pips. However, as tested on a trial account, the average values are approximately 1.9 pips, which is well above average.
Is AceFxPro safe for investment?
AceFxPro offers limited details on its website regarding the educational resources and community support options accessible to traders.
Moreover, AceFxPro is not recommended for novice traders. This recommendation is based on both its lack of regulation and its substantial initial deposit requirement.
AceFxPro Review: Conclusion
AceFxPro is an unlicensed brokerage that permits trading in commodities, CFDs, indexes, and cryptocurrencies. The company is known for providing false information regarding its whereabouts and the actual ownership. Furthermore, it operates without registration under any regulatory authority.
If you have fallen victim to an AceFxPro scam or any other online fraudulent activity, you have the option to report the scammers. Complete a complaint form on our Scams Report website and receive a free consultation from our experts regarding the fund recovery process.
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Note: The information provided in the above AceFxPro review is derived from existing web AceFxPro reviews. Please be aware that we cannot be held liable for any legal action taken by AceFxPro company. If you have any inquiries or concerns, kindly reach out to us via email at firstname.lastname@example.org.