ACX
Pros and Cons
Pros
- Diverse range of trading instruments including Forex, indices, stocks, and commodities
- Competitive spreads starting from 0.0 pips
- Multiple account types catering to different trading styles
- Available trading platforms: MetaTrader 5 and WebTrader
- Educational resources including webinars and trading guides
Cons
- Unregulated broker with no oversight
- Potential risk of inadequate fund protection
- Limited customer support options
- Relatively new in the market (5-10 years)
- Limited educational resources compared to competitors
Basic Information
User Reviews
ACX Overview
ACX is a forex broker established within the last 5-10 years, operating out of Saint Lucia. The broker is registered under the name ACX LTD. and primarily focuses on offering trading services in various financial instruments. However, it is important to note that ACX is unregulated, which may raise concerns regarding its reliability and the safety of traders’ funds. The absence of oversight by reputable financial authorities can be a critical factor for potential clients considering their trading options.
Is ACX Safe? Regulation Analysis
Regulatory Information
ACX is an unregulated forex broker, operating out of Saint Lucia as ACX LTD. The lack of regulation raises significant concerns regarding its reliability and the safety of traders’ funds. Without oversight by recognized financial authorities, traders may face increased risks, including inadequate investor protection and a higher potential for fraud.
Is ACX Regulated and How Are Client Funds Protected?
The broker is not regulated by any recognized financial authority. This absence of regulation can lead to challenges in fund safety and investor protection, as clients may not have access to the same safeguards available with regulated brokers. Traders considering ACX should be cautious and aware of the risks associated with trading through an unregulated entity.
Trading Products and Services
What trading instruments does ACX offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, FTSE 100 | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
ACX provides a diverse range of trading instruments that cater to various trading styles and preferences. With offerings in forex, commodities, indices, stocks, and cryptocurrencies, traders can engage in multiple markets to suit their strategies. This diversity is particularly beneficial for both novice and experienced traders, as it allows for portfolio diversification and flexibility in trading approaches. Whether you are interested in short-term trading or long-term investments, ACX’s broad selection of financial products can accommodate different trading needs, enhancing the overall trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does ACX Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Classic Account | Beginners | Accessible minimum deposit, competitive spreads starting from 1.2 pips | Suitable for small-capital practice |
| Fixed Account | Moderate traders | Stable spreads of 1.5 pips | Ideal for those preferring consistent costs |
| Pro Account | Experienced traders | Tight spreads from 0.6 pips | Best for higher trading volumes |
| True ECN Account | Advanced traders | Exceptional spreads starting from 0.0 pips | Requires trading volume qualifications |
Account Opening Process
Opening an account with ACX is a straightforward process. To begin, visit the ACX website and click on the “Register” button. Next, fill out the online application form, providing your personal information. Ensure you have your identification documents and proof of address ready for upload. After submitting your application, you will need to verify your identity and address by providing scanned copies of your ID documents. Once your account is verified and funded, you can start trading. There is also flexibility to upgrade to a professional account later on if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.6 – 1.2 | $10 | Competitive spreads for high-frequency trading |
| CFDs (Stocks, Indices, Commodities) | Varies | $10 | Commission applies only to certain instruments |
| Cryptocurrencies | Varies | $10 | Commission structure may apply depending on the asset |
Other Fees
ACX may impose various fees including deposit and withdrawal fees, which can vary depending on the payment method used. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, there may be overnight interest (swap rates) applicable to positions held overnight, and currency conversion fees could apply when trading in different currencies. It’s advisable to consult the broker for detailed information regarding these costs.
Trading Platforms and Apps
What Trading Platforms and Apps Does ACX Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | 2FA, multiple order types, price alerts, technical indicators | Demo account, API interface |
| WebTrader | All devices with internet access | Encryption, symbol lookup, one-click trading | Demo account |
| Mobile App | iOS, Android | Biometrics, push notifications, market alerts | Demo account |
ACX offers a variety of trading platforms to cater to different trader needs. The MetaTrader 5 platform is ideal for advanced traders, providing extensive tools and features for comprehensive market analysis and algorithmic trading. The WebTrader platform ensures accessibility from any internet-connected device, making it suitable for those who prefer a browser-based experience. The mobile app allows convenient trading on the go, complete with secure login options and real-time market alerts. Overall, ACX’s platforms focus on delivering secure access, fast order execution, and user-friendly interfaces to enhance the trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $100, Max $10,000/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fee, 2% card fee | Min $50, Max $5,000/day | USD, EUR |
| Cryptocurrency | Instant | No platform fee | Min $50, Max $10,000/day | BTC, ETH |
| E-wallet (e.g. Skrill, Neteller) | Instant | No platform fee, 1.5% e-wallet charge | Min $50, Max $5,000/day | USD, EUR |
Minimum Deposit
ACX requires a minimum deposit of $50 to open an account. This amount remains consistent across various payment methods and account types, allowing traders to start with a manageable initial investment.
How to Withdraw
To withdraw funds from your ACX account, follow these steps:
- Log in to your ACX account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred payment method for withdrawal.
- Enter the amount you wish to withdraw, ensuring it complies with the withdrawal limits.
- Submit your withdrawal request.
- Check your email for confirmation and monitor the processing time based on your selected payment method.
Customer Support
ACX Customer Support Overview
Support Channels
ACX provides customer support through multiple channels to ensure users can easily access help when needed. These include:
- Email: Users can contact support via email at support@acxfx.com, allowing for detailed inquiries.
- Live Chat: Available 24 hours a day from Monday to Friday, this feature offers real-time assistance for quick resolutions.
- Telephone: For direct communication, users can reach out to ACX at +1784 480 13 37, which is beneficial for complex issues requiring personal assistance.
- Social Media: ACX maintains a presence on Facebook, where users can connect for support or updates at facebook.com/ACX.
Service Availability
Customer support is available 24/5, providing assistance during weekdays. While the primary language for support is English, users may inquire about multilingual support options directly through the contact channels.
Additional Resources
ACX offers various educational resources that enhance trader knowledge and skills. These include:
- Webinars: Live sessions covering trading strategies and market analysis.
- Trading Guides: Comprehensive materials on trading basics and advanced techniques.
- Video Tutorials: Engaging videos that demonstrate platform features and trading tools.
Frequently Asked Questions
ACX is an unregulated forex broker operating out of Saint Lucia. This lack of regulation raises significant concerns regarding its reliability and the safety of traders’ funds, as there is no oversight by recognized financial authorities.
ACX offers a diverse range of trading instruments, including Forex pairs (like EUR/USD and GBP/JPY), commodities (such as gold and silver), indices (like S&P 500 and FTSE 100), stocks (from US and UK markets), and cryptocurrencies (including BTC and ETH).
Given that ACX is unregulated, potential clients should be cautious about fund security. It is advisable to consider the risks associated with trading through an unregulated entity, as there may be inadequate investor protection and increased potential for fraud.
ACX provides customer support through various channels, including email at support@acxfx.com, a 24/5 live chat feature, telephone support at +1784 480 13 37, and a presence on social media platforms like Facebook. However, users should note that the customer support options may be limited.
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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.