Ace Forex-Overview of Minimum Deposit, Spreads & Leverage

GENERAL INFORMATION AND REGULATION

Ace Forex is a forex an binary options broker whose trading conditions seem good: it offers competitive spreads, high leverage levels, uses the MetaTrader 5 platform, and does not require high initial investment. Headquartered in New Zealand, with offices in Hong Kong and the US. Having sophisticated trading tools such as free economic reports and analysis from financial experts. With wide range of indicators at your disposal, you can learn to limit your losses and gain confidence in your strategic trading.

Ace Forex was regulated in New Zealand, but got deregistered a couple of years ago and is no longer overseen by the Financial Markets Authority (FMA). Currently, the company operating the brand, ACEFX LIMITED, is registered in St Vincent and the Grenadines, a famous offshore destination. Brokers incorporated there are not regulated, nor overseen by any authority, and are therefore not recommended.

Ace Forex is actually registered offshore, which is its major disadvantage. This, combined with the negative user reviews, definitely put this broker in the “Not Recommended” section.

MARKET INSTRUMENT

AceForex offers Forex, CFDs$ Commodities, and Binary Options as their trading instruments.

Ace Forex remains a provider for online currency trading in the global Forex Trading market. They offer over 45 different Forex crosses and some of the most competitive spreads available.

Through simplicity, reliability, accuracy, and knowledge, they are able to bring the world of Forex to the doorsteps of our clients.

CFD stands for ‘Contract for Difference’. CFDs are agreements to buy or sell a specified asset that typically lasts for one or two months. Commodities and indices such as Natural Gas, Oil and the NASDAQ can be bought and sold as CFDs. Each CFD has its own market hours during which the rate continuously changes. Each CFD also has an expiry date when all open trades of that CFD will automatically be closed at 20:00 GMT whether in profit or loss.

Binary Options trading is one of the fastest growing segments of the Financial Industry for active traders around the world.

Ace Forex utilizes a revolutionary software system that allows clients to trade Binary Options directly on the MetaTrader 5 (&auot;MT5&auot;) platform.

ACCOUNT AND LEVERAGE

Ace Forex offers 3 different account types to suit the specific requirements of different traders.

Whatever your trading strategy, level of funding or risk appetite, Ace Forex has an account to meet your needs.

Micro account: With minimum deposit of $50, and maximum leverage of 1:500.

Standard account: With minimum deposit of $10,000 and maximum leverage of 1:100.

VIP account type: With minimum deposit of and maximum leverage of 1:100 also.

SPREADS AND COMMISSIONS

The spreads announced on the brokers website are quite good, starting from 1 pips on EUR/USD for Micro account types, 0.80 pips for Standard account and 0.6 pips for VIP account.

Ace Forex is a broker specialized in trading Forex, various CFDs and Binary Options. It offers the account types listed above, all of which are commission-free with variable spreads.

TRADING PLATFORM AVAILABLE

AceForex offers MetaTrader 5, Ace Forex Lite, Ace Multi Terminal, as the trading platform.

MT5 has been in the shadow of its successor MT4 for some time, but lately it is gaining popularity and increasing numbers of brokers are offering it. MetaTrader5 is actually more advanced than MT4, but has most of the well-familiar and loved features of its predecessor (the charting, EAs, etc.). MT5 allows trading in futures, options and shares, in addition to CFDs and forex.

Ace FX LITE is a revolutionary software system that incorporates Forex, Binary Options and the Multi Account Trader (“MAT”) for Money Managers.

Ace FX LITE can be used in conjunction with Ace MT5 or as a standalone platform solution that can be utilized on any web enabled device – desktop, tablet or mobile.

The MultiTerminal is intended for simultaneous management of multiple accounts, for which is mostly helpful for those whom manage investors accounts and for traders working with many accounts simultaneously. The new terminal successfully combines great functionalities that allow effective trading with many accounts and with exceptional usability. The program interface is similar to that of the MetaTrader 5 Client Terminal. It is very simple, any trader using the MetaTrader 5 Client Terminal can easily get acquainted to this new program within a few minutes.

DEPOSIT AND WITHDRAWAL

Ace Forex have made a number of payment methods available to their clients, knowing the importance of catering to the needs of as many investors as possible. For those who prefer to use the more traditional banking options, there are the classic bank wire transfer and credit and debit card methods, while those who would like to opt for more contemporary methods like e-Wallets can select from Neteller or UnionPay. No withdrawal fees are charged by AceForex themselves, however depending on the method chosen by the investor, they may find that bank charges have been applied. Withdrawal requests are always processed rapidly, usually by the next working day.

CUSTOMER SERVICE

Customer service is always a serious concern when select the right broker to suit your requirements, while their customer support team can be contacted by telephone and email, there is no live chat service available, which is so often found on the sites of other brokers.

Telephone number: +64(9)356-2558

FAX: +64(9)356-2554

Email: support@acefx24.com