BROKER REVIEW

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GENERAL INFORMATION

Broker Name:

ACFX /Altas Capital FX

Broker Type:

Forex Broker

Country

Cyprus

Operating since year:

2010

Regulation:

Cysec, MiFID

Address:

197 Arch Makarios Avenue, Gala Tower 4th Floor, CY-3030 Limassol Cyprus

Broker status:

Regulated

CUSTOMER SERVICE

Phone:

357 25 501055

Email:

N/A

Languages:

English, Spanish, Chinese, Japan, Arabic, Italian, German, Portugese, Russian, French, Turkish

Availability:

24/5

TRADING

Trading platforms:

Meta Trader 4

Trading platform Time zone:

GMT+2

Demo account:

YES

Mobile trading:

YES

Web-based trading:

YES

Bonuses:

YES

Other trading instruments:

CFDs, Commodities, Metals, Stocks, Oil, Gold, Indicies

ACCOUNT

Minimum deposit ($):

$50

Maximal leverage:

1:500

Spread:

floating and fixed

Scalping allowed:

YES

ACFX: General Information

The broker’s, brand name possessed by Atlas Capital, offers a wide variety of items and administrations, including trading execution and STP answer for trading through the MetaTrader 4 platform. The company ACFX guarantees the best execution for customers, giving spreads as low as two pips.

Critical advantages of trading with ACFX incorporate low spreads, classic accounts, Islamic accounts, Metatrader trading platform. Also Leverage up to 1:500, 57 cash sets including outlandish money sets, reports in 6 monetary standards, and 24/5 online help. ACFX offer trading represents merchants new to forex – permits dealers to encounter the energy of the forex advertise with as meagre as $50.

ACFX has a multilingual LIVE customer support 24-hours-a-day, five days per week, which includes: Phone, LiveChat, and Email, Sign up for a free $50,000 practice account. The United Kingdom approves guideline ACFX: Financial Services Association (FSA), approved and directed.

ACFX additional information

To suit the necessities of all types of merchants and traders, ACFX offers its customers a wide variety of account types to look over. Beginners can pursue a Classic account with a minimum of $50, while the VIP, ECN, and STP account types are focused on progressively experienced traders with more significant capitals to contribute.

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Likewise, trade free (Islamic) accounts are accessible, designated for clients who are not willing to earn interest for religious reasons. A commission of $15 per lot traded will be charged as a handling fee from the 8th day.

Likewise, trade free (Islamic) accounts are accessible, designated for clients who are not willing to earn interest for religious reasons. A commission of $15 per lot traded will be charged as a handling fee from the 8th day.

Security and funds: is ACFX a scam?

ACFX, or Atlas Capital FX, is a forex and CFD specialist, offering a range of currency pairs, indices, options, stocks, and precious metals for trade. It is a member of Atlas Group, one of the most prominent business businesses in South-Eastern Europe with more than 20 years of activities.

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ACFX is the trading name of AtlasCapital Financial Services Limited, a Cyprus-based organization, which was authorized and managed by the Cyprus Securities and Exchange Commission (CySEC). Unfortunately, its license was suspended in 2016 lastly pulled back in 2017. Thus this fact makes ACFX a legit scam.

Security and funds: is ACFX a scam?

Minimum Deposit 

 

To open an account with ACFX, brokers need to contribute $50, which is a comparatively low minimum initial amount. Other Cyprus-based brokers, as FXTM and XM, request even lesser minimum initial deposits of only $5 for their Cent/Mini accounts.

ACFX Spreads and Commissions

This broker’s portfolio incorporates both fixed and floating spreads, changing by account type. As a rule, the ranges offered on the Classic account are high, and the ones on the VIP account are normal. The spreads on the ECN PRO account, averaged one pip on EUR/USD are comparatively low. The STP Raw account offers the most impenetrable spreads (found the average value of 0.5 pips on EUR/USD), includes a commission of $14 per lot, so mostly the trading costs are generally high, adding up to around 1.9 pips.

ACFX gives spreads from 1.0 pips on EUR/USD on its Standard bonus free account, and Exness offers its ECN account holders with average spreads of 0.4 pips on EUR/USD, acquiring a commission of $ 2.5 per standard lot. For additional data, you may look at and analyze constant spreads of 15 driving representatives here.

ACFX Leverage

The most extreme leverage of ACFX is relatively high, reaching 1:500. Regardless, numerous Cyprus-based brokers offer leverage levels, like the ones, given by ACFX or considerably higher: XM – up to 1:888, and Exness is at present running Unlimited Leverage advancement. Here is a rundown of specialists offering leverage equivalent to or surpassing 1:500.

While it is true that such leverage may multiply your earnings on a small deposit, one should keep in mind that there is also another side to it: The higher the leverage, the higher the risk of losses over initial investments.

To decrease the dangers related to the magnitude of leverage, ACFX presented a hazard to the board technique, called Dynamic Leverage. It naturally changes the leverage size to the volume of open positions. In this way, the client is enjoying lower required margin on smaller volumes which is increasing dynamically as the volume is built up. However, please consider the fact that every time the volume per Instrument of a client increases, the maximum leverage offered decreases accordingly.

Broker review: ACFX Trading Platforms

MetaTrader 4

ACFX Desktop Trader offers the MetaTrader 4 platform. It conveys a safe trading experience, alongside high valuing, execution, and liquidity in the market. The MetaTrader 4 terminal is a thoroughly prepared working environment that permits trading the budgetary markets (Forex, CFD, and Futures). It gives the fundamental apparatuses and assets to examine value elements of money related instruments, cause the exchange exchanges, to make and utilize robotized trading programs (Expert Advisors).

Extra highlights of this platform incorporate the Market Watch Window, pre-introduced pointers, and various request types.

Multi-Terminal

The Metatrader 4 Multi-Terminal is probably the best decision for dealers wishing to exchange on different accounts at the same time. It gives all the standard highlights including orders setting and adjustment, fractional or complete shutting positions, getting dealer messages, news refreshes.

The platform likewise offers different request types and multi-resource trading.

Also, Android Trader is an honour winning working framework for Android-based cell phones utilized by a considerable number of individuals around the world.

Mobile Platforms

Portable trading for Android-based cell phones utilizes the Android Trader, an honour winning working framework used by a large number of individuals around the world. Overall, it incorporates a full graphical perception of diagrams, making sure about https convention, access to exchange history reports, and a point by point search work.

iPhone and iPad Trader

Forefront innovation gives in a hurry, continuous trading on an iPhone. Merchants can put orders, stay refreshed with the market rates, get to Forex outlines, screen costs of budgetary instruments, get online news, and that’s only the tip of the iceberg.

PAMM

Utilizing the modern Percent Allocation Management Module (PAMM) platform, brokers can oversee and exchange on various MT4 accounts at the same time through a single live account. They can monitor orders, positions, value, and introduction, get live costs of budgetary instruments, see outlines and that’s only the tip of the iceberg.

Broker review: ACFX Bonuses

ACFX offers its clients various rewarding bonuses.


• – 30% on store invite reward for stores adding up to at least $500;
• – 20%-40% Redeposit reward for existing customers with stores adding up to at least $200, topped to $3,000;
• – Refer a companion reward ($40 – $1000), its sum contingent upon the underlying store of the alluded customer and parts exchanged.


Besides, ACFX has joined forces with Myfxbook’s PayBackFX to offer its customers refunds or money back. PayBackFX will present to $15-$48.75 per a round-go lot to customers of ACFX, contingent upon the trading instruments and conditions they pick.

ACFX Payment Methods

ACFX’s customers can make stores to and withdrawals from their accounts using a broad scope of instalment techniques: credit/platinum cards (Visa, MasterCard, Maestro), bank wire move, and e-wallet frameworks, for example, Neteller, Skrill, QIWI, WebMoney, Perfect Money, DIXIPAY, FasaPay, NETBANX, PAYSBUY, China UnionPay, Przelewy24.

Another cool advantage with this broker is the ACFX offers payment methods with Mondo and Visa cards, an ideal answer for encouraging online trading, as using cards is easy. These cards permit quick withdrawals notwithstanding different focal points, for example, the snappy endorsement with no credit checks or confounded KYC methods.

Conclusion

ACFX is trying hard to seem like legitimate Cypriot forex and CFD representative. The broker tries to offer its clients an enormous assortment of trading instruments, account types, bonuses, and platforms. Overall, to summarize the above mentioned, here are the focal points and disadvantages for this broker:

Advantages

• MT4 Available
• Variety of payment methods
• High leverage levels
Disadvantages
• Not regulated at all
• NO choice in trading platforms
• Mediocre spreads on VIP accounts
• Looks like a 100% legit scam

We would also like to add that you should always remember about the risks trading poses. Even though our overall overview of the ACFX is neutral, and the broker does offer some exciting trading opportunities, we still think that no regulations are quite suspicious. However, be careful, while trading with this broker, as it looks like ACFX is not as honest and professional as it seems.

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