ACFX Review

ACFX

  • Name : ACFX
  • Website : acfx.com
  • Established : 2007
* Ranked #281 of 316 in DailyForex's top broker list

Info

Name : ACFX
Website : acfx.com
Established : 2007
Country : Cyprus
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Wide Choice of Trading Accounts
  • Demo and Islamic Accounts
  • Choice of Several Platforms

Disadvantages

  • Not Many Promotions

ACFX Review

ACFX Review

ACFX, incorporated in 2007, is headquartered in Limassol, Cyprus. It is a member of Atlas Group, one of the largest business conglomerates in South Eastern Europe consisting of companies in the fields of banking, financial services, insurance and real estate with over 20 years of operations.

In January 2010, Atlas Capital FX (ACFX), a trade name of Atlas Capital Financial services (ACFS), was formed in order to provide retail investors access to the currency, commodities, energies and equities markets.

ACFX is under CySec and MiFid regulation. ACFX received the "Most Innovative Broker" Award at the closing ceremony of the Prestigious FxCuffs Forex Expo held at the ICE KRAKÓW Congress Centre in 2013. FxCuffs is the biggest Forex Expo held in Poland.  

Accounts

ACFX offers a wide variety of trading accounts that in several different categories. There are fixed spreads, floating spreads, STP Raw and ECN Pro accounts to suit any style of trading.

ACFX Account Types
ACFX Account Types

The first two accounts use fixed spreads. The Classic account needs only $50 to start and the minimum spread there is 2.0 pips. $10,000 is needed to open the VIP account and spreads start at 1.7 pips. A leverage of 500 is offered for both of the accounts and there is no commission charged on either one of them.

Swap free accounts can be set up using for either of these accounts and there is a welcome bonus and a redeposit bonus for each.

Both a Classic and VIP account can be set up with floating spreads and the same benefits and features are available for both. The minimum floating spread for the Classic account is 1.0 pips and for the VIP account it is 0.5 pips.

In the STP Raw category, there are three different trading accounts. The Classic account has a minimum deposit requirement of $50 and a minimum spread of 1.2 pips. The VIP account requires $10,000 to start and has a minimum spread of 1.0 pips. The Raw account can be opened with $10,000 and has no minimum spread. There is, however, a small commission of $15 for the Raw account whereas there is no commission for the other two STP accounts. Execution for all three accounts is market and there is a welcome bonus for each one of them.

The ECN PRO VIP account requires a minimum deposit of $10,000. The spread starts at 1.7 pips, leverage is at 500 and there is instant execution.

ACFX Spreads for Metals
ACFX Spreads for Metals

Holders of all of any of the above accounts benefit from a personal account manager, market reports and analysis and a host of other features.

Traders can also choose to open a demo account and trade risk free for a while and those who follow Sharia laws are free to open an Islamic account.

Education

At ACFX’s learning academy traders can take advantage of a long list of videos which provide useful information on trading Forex as well as topics that can benefit both beginners and advanced Forex traders.

ACFX Educational Videos
ACFX Educational Videos

News reports and analysis are presented on a daily basis and are usually accompanied by relevant pictures and graphic displays. News is taken from several sources including CNBC and MarketWatch.

ACFX News Section
ACFX News Section

In addition, the website presents a listing of past market briefings from all over the world as well as earlier news headlines. Technical analysis of current events is also posted on the site. The ACFX ebook has been written specifically for the inexperienced trader but is available free to all account holders no matter how many years of trading experience they have had.  The ebook features the ins and outs of currency trading as well as strategies needed to achieve success in Forex markets.

A full Forex glossary covers all the terms and concepts a trader needs when trading with ACFX or with any other Forex broker and the economic calendar of events from all over the world is up-to-date and easy to read.

Bonuses/Promotions

A 30% welcome bonus is awarded to all traders opening any of the many trading account. There is also a 40% loyalty bonus for each deposit, up to $3000.

Customer Support

Traders can reach an ACFX representative by phone to their Limassol office or by email. Chat is available as well and I was pleased to see that when I chose to remove the chat option, and clicked on the ‘close’ tab, the Chat option moved to the bottom of the page and out of the way. I can’t always depend on Chat to do that with other brokers.

An additional method for reaching customer support is via an online form where traders can send questions or feedback to the ACFX team.

Deposits/Withdrawals

Funding to ACFX accounts can be made via credit and debit cards, wire transfers and online payment plans such as Neteller, Skrill, FastPay, Webmoney.

Withdrawals can be made using the same methods and are executed almost instantly. There are no fees imposed by the broker on any deposit or withdrawal.

Conclusion

ACFX has remained true to its goal of promoting the best Forex service. Through its commitment to excellence, ACFX offers a plethora of features, reliable customer service and a first rate trade execution policy.

Advantages

  • Wide Choice of Trading Accounts
  • Demo and Islamic Accounts
  • Choice of Several Platforms

Disadvantages

  • Not Many Promotions
Review info :
Broker reviewed : ACFX Rating : 4 out of 10
Reviewed By : Review Date :