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Accent Forex Review – is it scam or safe?

Accent Forex Review  – is accentforex.com scam or safe forex broker?

RATING: 2 / 0 REVIEWS Accent Forex
Accent Forex is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


 Trading accounts and conditions

 

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Micro $10 0.01 lot 1:500 2 pips
Mini $100 0.1 lot 1:200 From 0.5 pips
Profit $1000 1 lot 1:100 From 0.5 pips
STP $100 0.1 lot 1:200 From 0.1 pips

 


Accent Forex has four types of live trading accounts: Micro, Mini, Profit and STP. There is also an Islamic swap-free option for all four types, as well as a free demo account with virtual $10 000.


The broker also has a PAMM money management service and gives an 8% per annum interest on the account balance for active traders and 2% for the inactive. The interest is calculated on a monthly basis.


The broker offers trading on forex and CFDs, with the size of the trading portfolio depending on the type of live account.



The Company. Security of Funds


Company Country Regulation
 ACCENTFOREX.COM UK No

 

 

Accent Forex has been around for several years, does not provide much information about itself, except an address in London and an office in Indonesia. It is not regulated by UK's FCA or any other regulator, for that matter. This should serve as a warning for a potential risk, as the unsupervised brokers are not required to abide by any rules and regulations. Their clients are left at their good will and honesty, which sometimes lack and many people lose their money.


Judging by client comments on trader forums, Accent Forex seems to be a fairly decent and reliable broker, despite being unregulated.


The fact that a broker is unregulated does not necessarily mean it is a scam, but it is always advisable to do business with regulated brokers – by FCA, for example.



Trading Platform


Accent Forex offers the most popular trading platform these days – MetaTrader 4 (MT4). The platform has been around for 10 years and enjoys is preferred by brokers and traders alike.


MT4 has many functionalities and charting and technical analysis tools. It supports autotrading, Expert Advisories and is user-friendly and stable. The platform also lets users devise and implement own trading strategies and allows hedging.


Promotions


In addition to the interest Accent Forex pays on client deposits, it offers several types of other bonuses. One is a 40% bonus for each deposit of more than $/€100, but the total sum of bonuses cannot exceed $/€4000. There is also a 35% cash bonus upon opening of a trading account. Both promotions are subject to other conditions as well.



Methods of payment


Accent Forex provides quite a few options for depositing funds. The most standard are bank transfer and debit/credit card, but there are also the electronic payment systems Skrill, PayCo and Ok Pay.



Conclusion


Accent Forex has been in the business for several years and comes off as a decent broker with average trading conditions, despite being unregulated. It seems that its main target markets are in South East Asia and maybe Russia.

 

Pros Cons
MT4 Unregulated
Interest on deposits  
Islamic account  

 

Latest news about Accent Forex
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Traders` reviews for Accent Forex

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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