ACFX Forex Broker Review
| Leverage | From 1:1 up to 1:500 |
| Minimum Deposit | $50 |
| Minimum Lot Size | 0.01 Lots (Classic) 0.1 Lots (VIP) 0.1 Lots (STP) |
| Broker Type | ECN/STP, Market Maker |
| Deposit methods | Credit/Debit cards; Moneybookers; Neteller; Webmoney; CashU; Bank Wire |
| Spreads/Commission | Fixed. Starting from 2 pips on VIP accounts and 3 pips for classic accounts. No Commission |
| Regulation | FSA, Cysec |
| Trading Platform | MT4, Web & Mobile trader |
| Restricted Countries | USA |
ACFX Forex broker, also known as AtlasCapital Fx has been operating in the retail forex markets since October 2007. ACFX forex broker, based out of Limassol, Cyprus is a member of the parent AtlasGroup, which is one of the well renowned business conglomerates in Europe. The AtlasGroup, backed by over twenty years of experience in various sectors including investments and commercial banking, real estate investments. ACFX forex broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and therefore compliment with the EU – MiFID Directive (Markets In Financial Instruments Directive). ACFX Forex broker is also licensed in the UK by FSA (Financial Services Authority) thus being a professional and a transparent forex broker to trade with.
The ACFX brand name is owned by Atlas Capital, a Market Maker and offers special ECN/STP trading accounts as well with a good choice of trading instruments via the ACFX MT4 trading platform. ACFX forex broker boasts of one of the best execution speeds for its clients, with fixed competitive spreads starting from 2 pips.
ACFX Forex broker – Forex Trading Accounts
ACFX forex broker offers three types of forex trading accounts. Classic Accounts (micro account), VIP Accounts and an STP/ECN Account. Refer to the table below for more details on the ACFX forex trading account types and other related information.
| ACFX Classic Accounts | ACFX VIP Accounts | ACFX ECN/STP Accounts | |
|---|---|---|---|
| Platform | MT4 | MT4 | MT4 |
| Spreads | Starting from 3 Pips | Starting from 2 Pips | 0.8 Pips |
| Instruments | Over 30 currency pairs | Over 30 currency pairs | Forex, Commodities, Indices |
| Gold & Silver | Yes | Yes | Yes |
| Maximum Leverage | up to 1:500 | up to 1:200 | 1:100 |
| Minimum Deposit | 50USD | 10,000 USD | 50,000 USD |
| Min. Lot Size | 0.01 Lots | 0.1 Lots | 1 Lot |
| Max. Lot Size | 50 Lots | 50 Lots | 100 Lots |
| Account Currency | USD, GBP, EUR, JPY, CHF | USD, GBP, EUR, JPY, CHF | USD, EUR |
| Phone Trading | Yes | Yes | No |
| Commission | No | No | Yes |
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- ACFX forex broker offers Islamic or Swap Free accounts as well on request.
- ACFX forex broker charges commission when you open an STP/ECN account. The commissions are $8 per Round Turn Lot for USD accounts and 5.5EURO for EUR based accounts. Refer to the next table for more details on ACFX ECN Accounts
- All open positions from 23:59:45 to 23:59:59 (Server time) will be rolled over with swap depending on account type. For all pairs above, each lot represents a size of 100,000 units, except for Silver, Gold and Oil, each lot is equal to 5000, 100 and 1000 units respectively.
ACFX Forex broker Spreads and Commissions
ACFX forex broker offers spreads that start as low as from 2 Pips (for currency pairs such as EURUSD, USDJPY on VIP Accounts) for the Classic and VIP accounts.
ACFX Forex broker – ECN Account Spreads
| Instrument | Symbol | Spread | Trading Hours | Underlying Quantity | Leverage | Commission |
|---|---|---|---|---|---|---|
| Forex | All currency pairs available ex: EUR/USD | From 0.8 Pips | 00:00 Monday-23:59 Friday (Server Time) | 1 Lot=100,000 units | 1% | $8/Lot for USD Acc 6.5 E/Lot for EUR Acc |
| Brent Crude CFDs | LCOxx | From 5 cents | 20:00 – 18:00 (Friday closes 17:00) ET; Sunday opens 18:00 ET | 1 Lot=1000 barrels | 2% | $10/Lot 7E/Lot |
| Crude Oil CFDs | CLxx | From 5 cents | 18:00 – 17:15 ET. Sunday open at 18:00 ET, Friday close at 17:00 ET. | 1 Lot=1000 barrels | 2% | $10/Lot 7E/Lot |
| Spot Gold | .GOLD | From 50 cents | 18:00 – 17:15 ET (i.e. 24 hours with a 45 minute break) | 1 Lot= 100 ounces | 1% | $10/Lot 7E/Lot |
| Spot Silver | .SILVER | From 3 cents | 18:00 – 17:15 ET (i.e. 24 hours with a 45 minute break) | 1 Lot=5000 ounces | 1% | $10/Lot 7E/Lot |
ACFX Forex Trading Platforms
ACFX Forex broker offers four types of trading platforms namely:
- ACFX Desktop MT4 Platform
- ACFX Metatrader 4 Mobile for Android, Blackberry and iPhone
- iPad Trader for MT4
- ACFX WebTrader
- ACFX Multi-Terminal
ACFX Forex Promotion
ACFX is presently offering a lucrative incentive for investors who create a new trading account with ACFX. First deposits between $500 and up to $3000 entitles traders to $180 and a 10% of the initial deposit.
Deposit $500 and get $230 Bonus
Deposit $1000 and get $280 Bonus
Deposit $2000 and get $380 Bonus
Deposit $3000 and get $480 Bonus
- ACFX Forex broker issues bonuses only for new accounts activated between 1st October 2011 and 31st October 2011.
- Minimum eligible deposit is $500 and the maximum deposit is $1000
- Bonus is paid immediately upon receipt of first deposit
- Bonus is paid as “CREDIT” (Trading Only)
- To convert credit to balance, for every $10 bonus, 1 lot should be traded. Only converted to balance if the whole amount is traded within 30 days of Initial deposit
- ACFX Bonus will be removed from the trading account if the volume is not completed within 30 days
- ACFX Bonus may only be paid once per Customer (not per account)
- First deposit Bonus is not valid if the deposit is made through an internal transfer
- ACFX Bonus is only applicable to Classic & VIP Accounts and does not include STP&ECN
ACFX Forex broker brings a strong brand value with a focus on its trading clients. By offering different types of trading accounts and the relative trading conditions, traders from at all levels can find it relatively easy to get started with forex trading with ACFX Forex Broker.
