AceFxPro Trading Platform
This broker claims support for the MT5 trading platform, to offer assets such Forex (with leverages as high as 1:500), CFDs and Indices, Stocks, Precious metals, and Stocks.
Ace Fx Pro Account Types
This section of the review will explore different account types that a broker may have. We examine the account and its deposit and leverage. This gives you a better idea of how a broker might operate.
We checked and found that the broker had
AceFx Pro Deposit & Withdrawal Methods
Because the ultimate goal of trading is to make a profit, withdrawals and deposits are the most important transactions. This section will examine these options to ensure everything is in order.
AceFxPro claims it can accept payments via wire transfer, bitcoins, VISA, MasterCard, and wire transfer. It redirects you to an external payment provider (ipaytotal.solutions) when you attempt to pay with your credit card.
To see a review by another Saint Vincent and Grenadines Broker, click here
Keep in mind that bonus promotions may also have withdrawal restrictions. To be eligible for withdrawal, some brokers are fraudulent and require traders to trade at a certain volume. This is done to prevent traders from withdrawing.
Is AceFxPro Licensed?
Another important aspect is licensing. We can trust that a broker licensed will not do anything fraudulent. This part of the review begins with checking the name attached to the broker. We then run this name through different regulatory bodies to determine if it regulates brokerages.
The broker claimed to be in Saint Vincent & the Grenadines. Saint Vincent and the Grenadines attracts unscrupulous brokers due to their lack of licensing laws and a regulatory agency. In the past, the government of the SVG stated that it doesn’t regulate forex trading.
This broker is not licensed.
Although SVG does not have a regulatory body, the government of Saint Vincent and the Grenadines recently claimed it was planning to reform the country’s CFD and FX regulatory grounds. Although we don’t know the exact date, we expect SVG to pick up where they left off and enforce a set rules for its broker’s firms. These rules are currently largely SCAMMERS.
Find out if a regulatory body has licensed a broker. Traders should verify regulatory bodies like the FCA in the UK and ASIC in Australia. CySEC is Cyprus. BaFin is Germany. CONSOB italy.
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
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Worldwide Acceptance of Traders
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Worldwide Acceptance of Traders
Minimum Trade Deposit $100WordPress Pricing Table Plugin
Conclusion
We found many claims made by this broker were either unverifiable or false. We are unable to confirm their location. There is also a lack transparency when depositing funds as well as a confusing and unexplained withdrawal process. We do not recommend that you invest with this broker. Any attempts to do so will result in the loss of your funds.
