ACFX ACFX Review

ACFX Review, Rating and Comparison | ACFX Forex Broker
3.0 5 RATING
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ACFX execution and slippage

3.03 pips

 

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

4.07 pips

ACFX slippage with Kama-spot trading strategy

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

 

2.95 pips

ACFX slippage with Saved FX trading strategy

Average profit:                  16.0 pips

Average trade lifespan:    1 day

Most traded pairs:                 EUR/USD, GBP/USD, USD/CHF
2.55 pips

ACFX slippage with Qurenix trading strategy

Average profit:                  9.0 pips

Average trade lifespan:  5 hours

Most traded pairs:             EUR/USD
2.83 pips

ACFX slippage with Forex Cruise Control trading strategy

Average pips/trade:           5.0

Average trade lifespan:   18 hours

Most traded pairs:              GBP/USD
2.23 pips

ACFX slippage with For333 trading strategy

Average pips/trade:           12.0

Average trade lifespan:   15 hours

Most traded pairs:              GBP/USD, EUR/USD, AUD/USD
3.33 pips

ACFX slippage with Azar Consulting trading strategy

Average profit:                   28.0 pips

Average trade lifespan:   3 days

Most traded pairs:               EUR/USD
3.85 pips

ACFX slippage with The Best Player trading strategy

Average profit:                  22.0 pips

Average trade lifespan:   13 hours

Most traded pairs:               EUR/USD
1.40 pips

ACFX slippage with Xiaolidao trading strategy

Average pips/trade:           9.0 pips

Average trade lifespan:   1 day

Most traded pairs:               EUR/USD
4.47 pips

ACFX slippage with Youron trading strategy

Average profit:                  9.0 pips

Average trade lifespan:   11 hours

Most traded pairs:               EUR/USD, GBP/USD
2.66 pips

ACFX slippage with Duanxian(GBP\USD) trading strategy

Average profit:                      10.0 pips

Average trade lifespan:      1 days
 
Most traded pairs:                   EUR/USD, NZD/USD, GBP/USD

Trading Accounts

 

Account type  Minimum deposit  Minimum trade size Maximum leverage Average Spreads 
Classic  $50 0.01 1:500

1.6 pips on EUR/USD

fixed 2.2 on EUR/USD

VIP  $5000 0.1 1:500

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.


The Company. Security of Funds


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.


Trading Conditions


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.


Leverage
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.


Trading Platform


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.


Promotions

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.


Methods of Payment


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.


Conclusion


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:

 

Pros  Cons
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  

 

Latest news about ACFX
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Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Traders` reviews for ACFX Add review

Scammmmmmmmmer broker and karan very cheap person

My ACFX Acc/85466
I want to share my Expirience which i had with AC fx, Before i deposited i ask them the terms and condition and they told me very straight that we offer 30% bonus which will help me if my trades r going negative so i can have support from this , but i study very good the market bcz i am in the market from last 10 years, i Deposited 2000$ bcz i know investement is very Important In forex Market, i made very good profit of 1344$, Actually my wife was sick and needed the funds very Urgent , when i place withdraw i recieved email from them that my withdraw will be process with in 24 hour i was happy bcz it was good support from Broker.
After Suddenly i recived call from mr karan with very Attitude that i can withdraw my funds bcz i break the terms and condition of the bonus , when i asked him that explain me which terms i broke he smiled and he said that we will not show u anyhting and not even your withdraw if you want your withdraw you have to trade 40 lots in STP account or we will give you half of your funds.
i explained him i need the funds in emergency but he racist with me bcz i am from pakistan and he didnt listen my needs.
because i need the funds i start doing trading bcz i needed my funds urgently due to my wife was sick but when i made 30 lots i told him try to understand the situation but he was very racist with me. and he told if i want my funds , i have to complete 40 lots , after i told him ok , i see fake candles in the market bcz they wanted me to loose the funds
He is Indian, bcz i Am from pakistan he really show very strange face , his behavior wasnot correct and loose my lot funds
after whn i complete the 40 lots it left only 1800 $ from 3344$, which is huge loss for me and i didnt get my funds when i need and i have all the proofs against them and i will file case againt them to cysec and forex peace army as well.
Such Racist Broker, I apeal to all the guys from world dont trade with them , due to my personal relation with them and recist behavior
Sorry for My Bad English

masood 02/27/2015

Impressive services

I have been trading with ACFX for about 4 months and my overall impression is very good.

Whenever I have had any questions, the support reps have helped me quickly and professionally.

My withdrawals are processed very fast, I usually get my money in about half an hour and sometimes even faster than that.

From time to time there are some re-quotes during news hours but this doesn’t happen too often and it’s acceptable.

Lilly Choo 05/25/2012

ACFX fills orders fast even during high volatility market

Hello. I am trading forex since August - 2 months on demo account and 1 month on live account. I've had demo accounts with several forex brokers until I tested ACFX. My vote is 3* due to the limited experience I have with them but the outlook so far is positive and I hope to revie it later with a better figure. And now the facts:

1. Open classic account (lowest level) ($500USD)

2. They credited bonus as promised

3. Liquidity seems good so far, fast execution

4. No network failures except momentarily, those that I had for 30 seconds or more were due to failure in my own network, at work, not their fault.

5. I have lost some money, but also have made several profitable trades, all profit and all loss were due to my own credit / failure, I have not yet a positive balance (hey, I'm in real Forex for only 1 month, and my major loss was due to fumbling with my keyboard)

6. They have withdrawn bonus after 30 days, but I was expecting that since I didn't fulfilled the volume size required for withholding the bonus (nor was I aiming at that since, immo, it was too high)

7. There is some slippage (so far I noticed 3 pip slippage to stop your trade - stops 3 pips before hitting S/L) and I once noticed a 5 pip slippage before closing with profit (had to close by hand), but in average is also 3 pip slippage - closes with profit 3 pips after hitting T/P.

8. Their bonus policy is a bit "stretched", it is almost impossible to "earn" the bonus (at least for a newbie). I would have to trade 23 lots in a month's time with a $500 account... A bit suicidal, so I accepted the bonus as a 1 month "parachute" against possible drawdowns in case something went impossibly wrong but, otherwise, ignoring it since i would never trade 23 lots in 22 days with $500 :)

Bottom line: I have not yet drawn a profit worth withdrawing so I cannot say what is my experience in that (critical) point, as far as the rest goes I have not contacted helpdesk since I went live (which, in my opinion, is a good thing, as far as I am concearned I would like to live my entire trader life without having to talk to helpdesk.. ever (dream on... ;) ), execution is fast even during high volatility although sometimes will re-quote of course, there's some slippage but it is "manageable". First deposit was fast.

Overall it is a positive broker, I would grant it a 3+, will upgrade to 4 when have withdrawn money and to 5 if after a longer time dealing with them.

Pipin 11/02/2011

Scalping with ACFX: My market orders get executed in just 1 sec!

I have an account with ACFX for 4 months now and I'm satisfied with this broker.

I'm scalping for 10-12 pips and fast execution is crucial for me. With ACFX my market orders get executed in just 1 sec!

I fund my account by Moneybookers and I glad to see that withdrawal requests are processed the same day.

I like this broker.

Donkon 08/22/2011

ACFX: Best platform (MT4), best spreads, easy cash in and out

Give ACFX a try and you will never go anywhere else.

Best platform (MT4), best spreads, easy cash in and out. Every time I deposit money get A BIG BONUS FROM THEM.

Service, 24/7, always kind, last night I had a problem, they solved it in no time.

MyOp 08/03/2011