ACFX.com Review
Company | ACFX.com |
---|---|
Founded in | 2010 |
Online since | 2010 |
Offices in | Cyprus |
Payment options | WebMoney, Neteller, CashU, Moneybookers, Bank Wire, Debit Credit cards |
Demo Platforms | Meta Trader 4 |
Account currencies | USD, EURO, GBP, CHF, JPY |
Currency pairs | |
Regulated by | CySec (Cyprus), FSA (UK) |
US Traders welcome? | No |
Website available in (languages) | Arabic, Chinese, English, German, Hungarian, Italian, Polish, Spanish |
Support available in | Arabic, Chinese, English, German, Hungarian, Italian, Polish, Spanish, Hindi |
Support methods | Phone, Live Chat, Email, |
Minimum account size | $50 |
Minimum position size | 0.01 Lot |
Spread type | Fixed/Floating |
Minimum spread on EUR/USD, pips | 2 Pips |
Scalping | Allowed |
Expert advisors | Allowed |
Trading instruments (GOLD; CFD, etc. and the leverage) | Forex, Gold, Silver, CFDs, Stocks, Energies, Indices, Commodities. The maximum leverage is 1:500 |
Trading platforms | Meta Trader 4 |
Digits after the dot in quotes | 5 |
Bonus offers | Yes |
Trading contests | Yes |
MAM accounts | Yes |
Segregated accounts | Yes |
· Hedging | Yes |
Overnight interest rates (swaps) | Yes |
One-click trading | No |
Mobile trading | Yes |
Browser-based platform | Yes |
ACFX.com ventured into forex trading in the year 2010 and has been into online trading since then. The company’s main aim is to provide trading solution to both new as well as experienced traders. They have their office in Cyprus and are well regulated through CySec in Cyprus and FSA in U.K. They do not allow traders from United States to trade from their account. The various payment options offered by them to their clients are WebMoney, Neteller, CashU, MoneyBookers, Bank wire and credit/debit cards. With so many payment options at the clients dispense it becomes easy and hassle free to make deposit as well as withdrawals. Their website is very easy to navigate and contains a lot of information. It is multilingual and is available in Arabic, English, German, Hungarian, Italian, Polish, Spanish and Hindi. This is helpful for the native speakers who do not know English. Their customer support service is also multilingual and is available in all the languages mentioned above. You can reach them via phone, live chat and phone.
A free demo account is also made available to the customers and the trading platform there is Meta Trader 4. The same trading platform is also available when you start off real trading with them. Meta Trader 4 is the most acclaimed and trusted trading platform of the forex market. The advantage of having same trading platform for both demo and real account is that it helps understand the features and also lets you device your strategy for real trading. The minimum amount required to open an account with them is only $50 and the minimum position size is 0.01 Lot. Scalping and use of Expert Advisor is also allowed by ACFX.com. They offer a lot of trading instruments for the traders to trade in which include CFDs, stocks, energies, indices, Gold & Silver along with forex.
The reviews are the best medium of knowing about a company and its working. The services provided by the company can be best felt reading their reviews posted online. The online reviews about ACFX.com show that their customers like the fact that their trading platform is fast and easy to use. It offers a lot of payment options which makes it easy for the customers to deposit and make withdrawals. They also speak volume about their website which is multilingual and is available in 8 languages. The customer support service is also available in 8 languages and is made available to the customers through email, phone and live chat. The response time is very less and the staffs are very friendly and quick to resolve any issues. Many like it that the minimum deposit required to open an account with them is just $50. They allow scalping and the use of Expert Advisor. They also conduct trading contests for their clients. They have many promotions and offers which are liked by the users. Some of the cons associated with this broker is that they do not allow US traders to trade with them.