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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 They have withdrawn bonus after 30 days, but I was expecting that since I didn't fulfilled the volume size required for withholding the bonus (nor was I aiming at that since,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Overall it is a positive broker, I would grant it a 3+, will upgrade to 4 when have withdrawn money and to 5 if after a longer time dealing with them.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 2011-11-02

ACFX, or Atlas Capital FX, is a forex and CFD broker that offers its customers a number of lucrative bonuses: a sign-up bonus of up to 40%, up to 50% deposit bonus, and Refer-A-Friend bonus ranging between $40 and $1,000 depending on the first deposit your friend makes. If you participate in the rebate program, you will be able to get cashback of up to $4 per traded lot.  

ACFX offers one more interesting promotion that is an alternative to the Refer-A-Friend program: the so called “Giftomania”, where you can create and fund an account, and give it to someone else.
If you are looking for another way to make some free money, you can also take part in the broker's demo contest with a prize pool of $10,000.  
The broker's services were designed to cater the needs of investors of all skill levels and portfolio sizes: beginners can sign up for Classic accounts with as little as $10, while the VIP and STP account types are aimed at more experienced traders with bigger capitals to invest. 
Newbies can also benefit from one-on-one training – completely free of charge – or from the e-book available for free download on the broker's site. ACFX's official blog provides additional educational resources such as daily technical analysis, market outlook, forex articles, etc. 
The trading platform you will find at ACFX is Metatrader 4 (MT4) in desktop, web and mobile versions. Social trading is enabled through the ZuluTrade platform. 
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

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