The world of trading is wide, it has many possibilities and it’s a great way to earn an additional income. However, if you’re new to this you should know that there are many scam companies out there who will just disappear after taking your money. You should use this information when doing the research about brokerage companies.
If you have stumbled upon this broker, stop right here immediately. In this detailed Ace Fx review we will expose a scammer for those of you who are thinking about investing with them, so please take notes and read carefully.
Ace Fx is shady at first glance. The website itself lacks information. A lot of sections cannot be opened because they are not linked to anything. Such as: demo account, markets, about us, FAQ, etc.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | fxace.com |
| Blacklisted as a Scam by: | N/A |
| Owned by: | N/A |
| Headquarters Country: | UK |
| Foundation year: | N/A |
| Supported Platforms: | Web based |
| Minimum Deposit: | N/A |
| Cryptocurrencies: | No |
| Types of Assets: | Forex, shares, indices and commodities |
| Maximum Leverage: | 1:20 |
| Free Demo Account: | Yes |
| Accepts US clients: | No |
ACE FX Regulation and False Information
The contact section shows that the company is based in the UK according to the listed address. But when you open the group section you will find that the company is managed by First Prudential Markets Ltd. A company that is licensed in St. Vincent and the Grenadines, Cyprus and Australia. This is a lie, because FPM is the owner of FPMarkets, one of the world’s best known brokers and they have nothing to do with Ace Fx.
This information is very easy to check, just take a look at the list for the approved domains in the FPMarkets registration and you will find no trace of this so-called brokerage company. Things get more absurd when you look at the registration form, in the client agreement section you will find that the Ace Fx is based in the Republic of Vanuatu, and that is another lie because they don’t have registration with VFSC. This broker is not licensed and there are just too many red flags here.
The company is not regulated. The broker claims to have multiple owners. There is no much information on accounts and deposits. They are offering a demo account that is not working.
How Unsafe Is An Unlicensed Broker?
When you’re starting the trading journey you should choose a licensed broker. Always check if the company is regulated by a reliable financial body. The rightful company will be registered with the FCA in the UK, CySEC in the EU, or CFTC in the US, or ASIC in Australia. The regulation is there for your safety.
There are a number of measurements that are taken in order to protect clients. The client’s account is always segregated from the company’s account and that ensures that the company cannot use the client’s money for their own investments. There is also negative balance protection and certain capital requirements. Everything is being done by the book and the only book that Ace Fx is following is how to come up with more lies.
In top of that, we seriously recommend you not to invest in the fake brokersAltimaTrade,Absolute Markets, andNovaTechFx. Do not trade with these unlicensed brokers if you want to save your money!
ACE FX: A Trustworthy Broker or a Scam?
The company is not regulated. The broker claims to have multiple owners. There is no much information on accounts and deposits. They are offering a demo account that is not working.
What Platforms Does ACE FX Offer? – Available Trade Software
Ace Fx is using a poor web trading platform that can not come even close to the industry standards. It has basic features for customizing charts and placing orders but it lacks the advanced options that MT4 and MT5 are using. MetaTrader4 and MetaTrader5 offer a wide range of possibilities that simple, web based platforms can not compete with.
Please note that having a good trading platform is not a sign that the company is legit, many companies make their own software that are already programmed to lose investments, all in order to rob its clients. Because it is what scammers do.
ACE FX Range of Trading Instruments & Markets
Ace Fx is offering a wide range of trading instruments. You can choose between :
- Currency pairs
- Commodities
- Shares
- Indices
However, having many trading options does not mean that the company has a lot to offer. It means that you can choose assets where you will be robbed.
So, you should avoid Invest Flow forex broker and similar brokers such asMetaversesWorld,Crypto EU,andFinoTrend.
ACE FX and Limited Data on Trading Accounts and Bonuses
We’ve already mentioned that the website is lacking serious information, one of them is account details. There is no description on trading accounts on the acefx.com. You will however notice a claim of a 1:20 leverage ratio and small spread that starts at 0 pips. The company states that they offer bonuses from time to time, but these bonuses are not specified anywhere. If this isn’t shady enough we have more, let’s see how AceFx is handling transactions.
ACE FX Deposit, Withdrawal Methods, And Fees
The only deposit option that Ace Fx is leaving you with is via Bitcoin. This is just perfect for scam companies! Why? Scammers rather choose cryptocurrency transactions because those are almost impossible to track and above that they can not be refunded. If you read terms of use you will see that withdrawals can be made 30 days after the deposit. The company also does not specify the amount of fees when withdrawing the money yet the client is charged with everything.
Customer Support – Communication Channels
In order to get in touch with you the broker will do anything. They will create fake social accounts as well as the ads on Google, Facebook and Instagram. They will call you endlessly, they will send emails, WhatsApp messages, Telegram messages etc. Everything is possible before you open an account with them, until you do and realize that all you know about the company is a lie. Because if you request a withdrawal you will face silence and rejections.
Scammed by ACE FX Broker? – Let Us Hear Your Story
If this happened to you and you were scammed by the Ace Fx broker we are very sorry. However there is still something that you can do. In order to get your funds back you must react quickly! Let us know and we’ll take it from there.
But What Is A Chargeback?
The registration is free of charge. Click on the link below and sign up today! Because getting your money back is possible. Please contact us immediately!