ACE FX Review – Fxace.com Is A SCAM! Avoid This Broker At Any Cost!
The world of trading is vast, has many possibilities, and is a great way to earn an additional income. However, if you’re new to this, you should know that there are many scam companies like ACE FX out there that will disappear after taking your money.
In this detailed ACE FX review, we will expose a scammer, so please take notes and read carefully.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Owned by:||Ace FX Limited|
|Headquarters Country:||UK (allegedly)|
|Supported Platforms:||Web based|
|Types of Assets:||Forex, shares, indices and commodities|
|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. But when you open the group section, you will find that First Prudential Markets Ltd manages the company. This firm is allegedly licensed in St. Vincent and the Grenadines, Cyprus, and Australia. This seems to be false information.
FPM is the owner of FPMarkets, one of the world’s best-known brokers, and they have nothing to do with Ace FX.
Things get more absurd when you look at the registration form. In the Client Agreement section, you will find that ACE FX is based in the Republic of Vanuatu. Whatever the actual headquarters, this broker is not licensed, and there are too many red flags.
How Unsafe Is An Unlicensed Broker?
When starting the trading journey, you should choose a licensed broker. The regulation is there for your safety. Many measurements are taken to protect clients. The client’s account is always segregated from the company’s account, which ensures that the company cannot use the client’s money for their investments.
Legit broker is doing everything by the book, and the only book that Ace FX is following is their own.
So Is ACE FX a Decent Broker or a Scam?
The company is not regulated. The broker claims to have multiple owners. There is not much information on accounts and deposits. They are offering a demo account that is not working.
Traders’ Experiences With ACE FX
Of course, traders’ experience with Ace FX is far from satisfying. Since this broker is lying about the regulation, many customers have filed complaints with CySEC, ASIC, and FSA. Only for them to find out that it was all a lie.
Never trust everything you read blindly. There are many cyber-frauds out there, and you can never be too cautious.
What Platforms Does ACE FX Offer? – Available Trade Software
Ace FX is using a poor web trading platform that cannot meet industry standards. It has basic features for customizing charts and placing orders but lacks the advanced options that MT4 and MT5 use.
MetaTrader4 and MetaTrader5 offer many possibilities that simple, web-based platforms cannot compete with. Please note that having a good trading platform is not a sign that the company is legit. Yet, it’s a good indicator of it.
ACE FX Range of Trading Instruments & Markets
Ace FX offers a wide range of trading instruments. You can choose between:
- Currency pairs – EUR/USD, GBP/USD, JPY/AUD
- Indices – Dow Jones, FTSE100, DAX30
- Commodities – oil, gold, natural gas
- Shares – Amazon, Apple, Google
However, having many trading options does not mean the company has much to offer. It means you can choose any assets you like and will be robbed anyway.
ACE FX and Limited Data on Trading Accounts
We’ve already mentioned that the website lacks serious information, one of which is account details. There is no description of trading accounts. You will, however, notice a claim of a 1:20 leverage ratio and spread that starts at 0 pips.
The company states that they offer bonuses occasionally, but these are not specified anywhere. If this isn’t shady enough, we have more.
ACE FX Broker – Countries Of Service
Based on our review, the broker is mainly present in:
ACE FX Deposit, Withdrawal Methods, And Fees
The only deposit option that Ace FX is leaving you with is Bitcoin. This is just perfect for scam companies! Why? Scammers choose cryptocurrency transactions because those are almost impossible to track, and above that, they cannot be refunded.
Customer Support – Communication Channels
To get in touch with you, the broker will do anything. They will call you endlessly, send you emails, WhatsApp messages, Telegram messages, etc. They will create fake social accounts and ads on Google, Facebook and Instagram.
Once you invest and ask for a withdrawal, you can expect the trading firm to vanish.
Scammed by ACE FX Broker? – Let Us Hear Your Story
If you were scammed by the Ace FX broker, we are very sorry. However, there is still something that you can do. To get your funds back, you must react quickly! Let us know and we’ll take it from there.
We have vast experience dealing with scammers and tracing crypto transactions. Get in touch to book a free consultation, and let’s start.
What Is ACE FX ?
Ace FX is an unlicensed broker that allows you to trade with commodities, shares, indices, and currency pairs.
Is ACE FX a Scam Broker?
Yes. The company is constantly lying about its location and actual owners. On top of that, they are not registered by any regulatory body.
Is ACE FX Available in the United States or UK?
The broker operates in both of these countries without a license.
Does ACE FX Offer a Demo Account?
AceFx is offering demo accounts but that account is not possible to test out.