Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be.
Our slippage data about ACFX is sampled by 10 of the most popular forex trading strategies in Zulutrade.com
Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF
Average profit: 14.0 pips
Average trade lifespan: 19 hours
Most traded pairs: EUR/USD, GBP/USD and USD/CHF
Average profit: 16.0 pips
Average trade lifespan: 1 day
Average profit: 9.0 pips
Average trade lifespan: 5 hours
Average pips/trade: 5.0
Average trade lifespan: 18 hours
Average pips/trade: 12.0
Average trade lifespan: 15 hours
Average profit: 28.0 pips
Average trade lifespan: 3 days
Average profit: 22.0 pips
Average trade lifespan: 13 hours
Average pips/trade: 9.0 pips
Average trade lifespan: 1 day
Average profit: 9.0 pips
Average trade lifespan: 11 hours
Average profit: 10.0 pips
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Average Spreads|
1.6 pips on EUR/USD
fixed 2.2 on EUR/USD
1.2 pips on EUR/USD
fixed 1.8 on EUR/USD
|STP Raw||$10 000||0.01||1:500||0.5 pips on EUR/USD + commission $14 per lot|
|ECN PRO||$10 000||0.1||1:500||1.0 pips on EUR/USD|
In order to suit the needs of traders of all preferences and levels of experience, ACFX offers its clients a variety of account types to choose from. Beginners can sign up for Classic accounts with as little as $50, while the VIP, ECN and STP account types are aimed at more experienced traders with bigger capitals to invest.
What is more, swap-free (Islamic) accounts are available, 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.
ACFX, or Atlas Capital FX, is a forex and CFD broker, offering a broad spectrum of currency pairs, indices, options, stocks and precious metals for trade. It is a member of Atlas Group, one of the largest business conglomerates in South Eastern Europe with over 20 years of operations.
ACFX is the trading name of AtlasCapital Financial Services Limited, a Cyprus-based company, which is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).
CySEC applies certain rules to license holders, one of them being the minimum capital requirement. The Commission requires Cyprus-based forex brokers to hold at least €1,000,000 in order to prove their good financial standing.
Furthermore, the Cypriot financial watchdog applies a compensation scheme as additional guarantee to clients’ funds. All CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation to a maximum of 20,000 EUR to its covered clients, If the Company becomes insolvent or ceases trading.
Additionally, AtlasCapital Financial Services Limited is registered with the UK’s Financial Conduct Authority (FCA). It is also regulated under the Markets in Financial Instruments Directive (MiFID) in regards to offering cross border services within the EU under the MiFID Passporting Regime, allowing companies regulated in their "home state" to provide services to customers in other EU member states.
Minimum Initial Deposit
In order to open an account with ACFX, traders have to invest $50, which is a comparatively low minimum initial amount. Other Cyprus-based brokers, like FXTM and XM, demand even lesser minimum initial deposits of just $5 for their Cent/Mini accounts.
Spreads & Commissions
This broker’s portfolio includes both fixed and floating spreads, varying by account type. Generally speaking, the spreads offered on the Classic account are comparatively high and the ones on the VIP account are average. The spreads on the ECN PRO account, averaged 1 pips on EUR/USD are comparatively low, and the STP Raw account, offering the tightest spreads (averaged 0.5 pips on EUR/USD), involves a commission of $14 per lot, so basically the trading costs are relatively high, amounting to around 1.9 pips.
In comparison, XM provides spreads from 1.0 pips on EUR/USD on its Standard commission-free account and Exness offers its ECN account holders with average spreads of 0.4 pips on EUR/USD, incurring a commission of $ 2.5 per standard lot. For further information, you may check out and compare real-time spreads of 15 leading brokers here.
The maximum leverage with ACFX is comparatively high, reaching 1:500. Nonetheless, many Cyprus-based brokers offer leverage levels, similar to the ones provided by ACFX or even higher: XM – up to 1:888, and Exness is currently running Unlimited Leverage promotion. Here is a list of brokers offering leverage equal to or exceeding 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 in excess of initial investments.
In order to reduce the risks associated with magnitude of leverage, ACFX introduced a risk management method, called Dynamic Leverage. It automatically adjusts the leverage size to the volume of open positions. Through this way client is enjoying lower required margin on smaller volumes which is increasing dynamically as volume is built up. As the volume per Instrument of a client increases, the maximum leverage offered decreases accordingly.
Like most FX brokers, ACFX supports the MetaTrader 4(MT4), which is the trading platform preferred by most experienced traders. It comes in desktop, mobile and web versions and provides a number of technical indicators, advanced charting package and a wide range of Expert Advisors (EAs).
Auto Trading strategies allow you to trade the FX markets 24/5 without any user intervention, and without sitting in front of the screen all day. You simply employ EAs to do the trading for you, test history data and generate performance reports. What is more, if you are handy with code, you can even customize your trading strategies, as MT4’s MQL4 is a C-language offering a code for optimizing, developing and testing a number of popular EAs. In this regard, the broker also provides the use of VPS (virtual private server) to customers who are using EAs to trade, allowing trading robots to work more efficiently due to a high-quality broadband Internet connection, and also enabling traders to make timely adjustments to the advisors’ operation.
In addition, the broker offers Percent Allocation Management Module (PAMM) platform, enabling traders to manage and trade on multiple MT4 accounts simultaneously through a single live account.
What is more, ACFX partners with Zulutrade to provide its clients a wide variety of signal providers.
ACFX offers its customers a number of lucrative bonuses. At the time of writing this review are running the following ones:
- 30% on deposit welcome bonus for deposits amounting to a minimum of $500;
- 20%-40% Redeposit bonus for existing clients with deposits amounting to a minimum of $200, capped to $3,000;
- Refer a friend bonus ($40 - $1000), its amount depending on the initial deposit of the referred client and lots traded.
Besides, ACFX has partnered with Myfxbook's PayBackFX in order to offer its clients rebates, or cash back. PayBackFX will offer up to $15-$48.75 per a round-turn lot to clients of ACFX, depending on the trading instruments and conditions they choose.
ACFX’s clients can make deposits to and withdrawals from their accounts via wide range of payment methods: credit/debit cards (Visa, MasterCard, Maestro), bank wire transfer, and e-wallet systems, such as Neteller, Skrill, QIWI, WebMoney, Perfect Money, DIXIPAY, FasaPay, NETBANX, PAYSBUY, China UnionPay, Przelewy24.
Another cool perk with this broker is the ACFX prepaid Mondo and Visa cards, an optimal solution for facilitating online and offline payments with ease. These cards allow fast withdrawals in addition to various other advantages such as the quick approval with no credit checks or complicated KYC procedures.
ACFX is a reputable Cypriot forex and CFD broker offering its customers a large variety of markets, account types, promotions, payment options. To sum up the above, here are the advantages and drawbacks with regards to this broker:
|Well-regulated||Mediocre spreads offered on VIP accounts|
|MT4 available||No choice of trading platforms|
|High leverage levels|
|Variety of bonuses offered|
|Wide range of payment methods available|
FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
|Cyprus||CySec||MT4, MT5, Web||$5||Review Website|
|US, UK, Australia||CFTC/NFA, FCA, ASIC||MT4, Web,
|UK, Australia, Singapore||FCA||MT4, Web,
|UK, Cyprus||FCA, CySec||MT4||$5||Review Website|
|UK, Cyprus||FCA, CySEC||MT4, MT5, Web,
|UK, Bulgaria||FCA, FSC||Web||$150||Review Website|
|Belize||IFSC||MT4, MT5||$100||Review Website|
|Cyprus||CySEC||MT4, MT5||$300||Review Website|
|New Zealand||FMA||MT4||$1000||Review Website|