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Acatrades Review - is it scam or safe?

Acatrades (Acatis investment) Review - is acatrades.com scam or good forex broker?

RATING: 1 / 0 REVIEWS Acatrades
Acatrades is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account Min. deposit  Max. leverage Spread  Min monthly profit
Group A  $5,000 N/A N/A 3.75%
Group B $20,000 N/A N/A 4.15%
Group C $50,000 N/A N/A 5.50%
Group D $200,000 N/A N/A 6.50%

 

Acatrades (Acatis Investment) presents itself as a global regulated broker that offers the above account types for trading in currencies, indices, stocks and commodities on the MetaTrader5 platform. However, its trading conditions remain largely unclear. What is worse, Acatrades does not hold a legit forex broker license and was blacklisted as a clone firm by several European financial regulators, which is the main reason why we gave it such a low rating.

 

 

Acatrades Advantages

 

MT5 available, seemingly low trading cost

As we mentioned in the beginning, Acatrades uses the latest MetaQuotes’ software, the MT5. It is highly praised by the trading community for its ease of use and useful features: the top-notch charting, the support for automated trading via Expert Advisors, easy customization and more. Besides, the MT5 enables traders to execute trades on different financial markets (including exchange-traded stocks) through a single account, which is its main advantage over the MT4. 

 

Besides, when we tested Acatrades’ MT5 in demo mode, we found the spread on EUR/USD floating around 0.3 pips, and a small commission applied.

 

Although the trading costs with this broker seem low, keep in mind that investing with this broker is very risky, as it is most likely a scam. So, you’d better check out the pricing of some top-notch brokers instead:

 

 

>> Compare the spreads of the best brokers in real time <<

 

 

Wide range of financial assets

Another possible benefit of trading with this broker is the fact that its product portfolio is rather rich and diversified. It covers many forex pairs, and various CFDs – on indices, commodities, precious metals and a number of stocks. That being said, another popular asset class -  cryptocurrencies like Bitcoin – are not present in Acatrades’ product portfolio.

 

 

>> Tour list of recommended Bitcoin forex brokers <<

 

 

Acatrades Disadvantages

 

Blacklisted by several governmental agencies

Acatrades says it is licensed by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin).

 

 

Click on the image to view larger.

 

This claim, however, proved out to be a false one. In fact, it is using the business data of the Acatis Investment Kapitalverwaltungsgesellschaft mbHand, trying to mislead investors it is connected to the authorized firm.

 

 

In fact, the German financial watchdog has warned investors of the risk of confusion of acatrades.com’s website (and acatrade.de) and services with the BaFin-regulated German investment management company Acatis Investment. The latter has also put out a message on its website, warning potential clients of the clone.

 

Acatrades is also blacklisted by Tte Portuguese Securities Market Commission (CMVM), and the Malta Financial Services Authority (MFSA).

 

Trading conditions not disclosed

This is an obvious disadvantage that is actually very common among scam brokers. Acatrades has not presented on its website any trading conditions, other than the initial investment required and some monthly profits it promises to clients. The lack of clarity and transparency regarding a forex broker’s key trading conditions such as spreads, leverage levels, etc., always leaves a bad impression.

 

As regards the monthly profits promised by Acatrades ranging from 3.75% to 6.50% by account type, we feel the need to clarify that no company and no authority can guarantee you any steady returns in the online trading world. For example, now that legitimate EU brokers are obliged to report the percentage of their clients losing money, their statistics show that from 65% to 85% of all traders suffer losses.

 

Excessive initial deposit

On top of all the disadvantages of Acatrades listed above, the broker requires an initial investment of $5000 for its most basic account, which is excessive in our veiw. By comparison, other brokers, including licensed and reliable ones, require way lower initial deposits ($100 or even less).

 

 

Conclusion

 

Acatrades (Acatis Investment)  is a shady broker exposed as a clone firm by several financial regulators. The scammer obviously targets European investors, although it does not hold any license and is therefore not entitled to operate on any regulated financial market, including the European Union.

 

As always, our best advice for investors looking for a reliable forex broker, is to select among those licensed by reputable financial agencies such as the Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC).

 

 

>> Trade with a CySEC-licensed brokerage <<

 

 

And finally, let’s sum up our investigation on Acatrades:

 

Pros Cons
MT5 supported, seemingly low spreads False claims of regulation

Good selection of CFDs

Blacklisted by several European authorities
  Trading conditions unclear
  Excessive initial deposit

 

Latest news about Acatrades
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Traders` reviews for Acatrades

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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Summary

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