ACFX
Pros and Cons
Pros
- Diverse range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
- Multiple account types catering to different user groups
- Access to popular trading platforms: MT4 and MT5
- Demo accounts available for practice trading without real capital
- Flexible deposit and withdrawal options with various payment methods
Cons
- Not regulated by any recognized financial authority
- Absence of investor protection mechanisms
- Limited educational resources for traders
- Potential for high trading risks due to lack of oversight
- Variable spreads depending on market conditions
Basic Information
User Reviews
ACFX Overview
ACFX is a forex broker operating under the company name AC GLOBAL LTD, registered in the United Arab Emirates. Established recently, ACFX has been in operation for less than a year. It is important to note that this broker currently does not possess any recognized regulatory licenses, which may present certain risks for traders seeking a regulated trading environment.
Is ACFX Safe? Regulation Analysis
Regulatory Information
ACFX is not regulated by any recognized financial authority. This lack of regulation poses significant risks for traders, including the absence of investor protection mechanisms that are typically provided by regulated brokers. Investors may face a higher potential for fraud and other operational risks when trading with an unregulated broker like ACFX.
Is ACFX Regulated and How Are Client Funds Protected?
Trading Products and Services
What Trading Instruments Does ACFX Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | [Major Pairs / Examples] | [Number] |
| Commodities | [e.g. Gold, Oil] | [Number] |
| Indices | [e.g. S&P 500, NASDAQ] | [Number] |
| Stocks | [e.g. US, UK] | [Number] |
| Cryptocurrencies | [e.g. BTC, ETH] | [Number] |
ACFX provides a diverse range of trading instruments, allowing traders to engage in various markets. The inclusion of multiple asset categories such as forex, commodities, indices, stocks, and cryptocurrencies enables traders to pursue different strategies tailored to their trading preferences. This variety ensures that both beginners and experienced traders can find suitable trading products that cater to their specific needs, whether they are looking for short-term trades or long-term investments. By supporting a wide range of assets, ACFX facilitates portfolio diversification, providing traders with the flexibility to adapt their strategies according to market conditions and personal investment goals.
Account Types and Trading Conditions
What Account Types and Fees Does ACFX Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and retail traders | Accessible minimum deposit, standard trading features | Suitable for small to medium-capital trading |
| Professional Account | Experienced traders | Higher leverage, advanced trading tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Custom services, tailored trading solutions | Requires corporate documentation |
| Islamic Account | Traders seeking Sharia-compliant options | Swap-free trading | Eligibility based on religious compliance |
| Demo Account | All traders for practice | Simulated trading environment | Ideal for beginners to practice without real capital |
Account Opening Process
To open an account with ACFX, traders need to follow a straightforward process. Initially, they must submit personal information, including their name, contact details, and date of birth. Following this, employment and financial information will be required to assess the trader’s profile. ACFX also mandates identity verification, which involves providing a government-issued ID and proof of address, such as a utility bill or bank statement. The account structure allows for flexibility, enabling traders to upgrade to a professional account as their trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | From 0.3 | $0 | Tight spreads for major pairs |
| CFDs (Stocks, Indices) | From 1.0 | $X per lot | Variable spreads depending on market conditions |
| Cryptocurrencies | From 1.0% | 0.1% | Dependent on market volatility |
Other Fees
Traders should be aware of additional costs that may apply when using ACFX. These include potential deposit and withdrawal fees, which can vary depending on the payment method chosen. Inactivity fees may also apply if an account remains dormant for an extended period. Additionally, traders might incur platform usage fees, overnight interest (swap rates) for positions held overnight, and currency conversion fees when dealing with different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does ACFX Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MT5 | Windows, macOS, iOS, Android | Encryption, symbol lookup, one-click trading, push notifications, economic calendar | Demo accounts, VPS |
| Web Version | Any device with internet access | Login security, symbol lookup, basic order types, price alerts | Demo accounts |
| Mobile App | iOS, Android | Biometrics, symbol lookup, one-click trading, push notifications | Demo accounts |
ACFX offers a range of trading platforms, including MT4 and MT5, which cater to both beginner and advanced traders. The MT4 platform is well-known for its user-friendly interface and extensive technical analysis tools, while MT5 provides additional features for multi-asset trading and automation. The mobile app enhances trading convenience, allowing users to manage their accounts and execute trades from anywhere. ACFX emphasizes secure logins and efficient order execution, with features like real-time alerts and market search tools available across its platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min 100, Max 10,000 | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 5,000 | USD, EUR |
| E-Wallet (e.g., Skrill, Neteller) | Instant | 1.5% fee | Min 50, Max 20,000 | USD, EUR |
| Cryptocurrency | Instant | No platform fee | Min 100, Max 15,000 | BTC, ETH |
Minimum Deposit
ACFX requires a minimum deposit of $50 to open a trading account. This minimum deposit is applicable across all account types and payment methods, ensuring accessibility for both beginner and experienced traders.
How to Withdraw
To withdraw funds from your ACFX account, follow these steps: 1. Log in to your ACFX trading account. 2. Navigate to the ‘Withdrawal’ section of your account dashboard. 3. Select your preferred payment method for withdrawal. 4. Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits. 5. Confirm your withdrawal request. 6. Monitor your email for confirmation and the status of your withdrawal.
Customer Support
ACFX Customer Support Overview
Support Channels
ACFX provides multiple contact methods to ensure customer support is accessible and efficient. Traders can reach out via:
- Email: Customers can email their inquiries to cs@acfx.io for assistance.
- Live Chat: ACFX offers a live chat option on their website for immediate help.
- Telephone: Clients can contact ACFX through their phone number, which is available on their website.
- Social Media: ACFX maintains a presence on various social media platforms, providing another avenue for support and updates.
Service Availability
Customer support at ACFX is available during specified hours, allowing traders to get assistance when needed. The support team is operational from Monday to Friday, ensuring that clients receive help during standard trading hours. Additionally, ACFX offers multilingual support to cater to a diverse client base, although the specific languages offered are not detailed.
Additional Resources
In addition to direct customer support, ACFX may provide educational resources such as video tutorials and market analysis to help traders enhance their trading skills and make informed decisions.
Frequently Asked Questions
No, ACFX is not regulated by any recognized financial authority. This lack of regulation poses significant risks for traders, including the absence of investor protection mechanisms.
ACFX offers several account types, including Retail Accounts for beginners, Professional Accounts for experienced traders, Corporate Accounts for corporate clients, Islamic Accounts for those seeking Sharia-compliant options, and Demo Accounts for practice trading.
ACFX does not currently have any recognized regulatory licenses, which means there are limited investor protection mechanisms in place. As a result, traders should be aware of the higher potential for risks when trading with an unregulated broker like ACFX.
ACFX provides access to popular trading platforms, including MT4 and MT5, which are available on various devices such as Windows, macOS, iOS, and Android. These platforms offer features like advanced trading tools and demo accounts for practice.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.