ACX is a forex broker that was registered in Saint Lucia on April 3, 2023, mainly offering financial trading services such as forex, stocks, commodities, indices, metals, energy, and more to investors, with its headquarters located in Istanbul. The broker does not provide services to jurisdictions where such activities may violate local laws or regulations, including, but not limited to, North Korea, the United States, Puerto Rico, Canada, Japan, Iran, Iraq, Lebanon, Turkey, etc.
Corporate Registration Information and Regulatory Status:
According to publicly available information on the official website of ACX, the enterprise entity registered in Saint Lucia is ACX LTD, with the registered address being Fortgate Offshore Investment and Legal Services Ltd. Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and the company registration number being 2023-00109. The office address is located at Maslak Mahallesi, Sümer Sokak, Ayazağa Ticaret Merkezi, No:3/14, Şişli, Sarıyer, İstanbul. The broker has not disclosed its regulatory information on its official website.
Verification reveals that there is a business entity named ACX LTD with the registration number 2023-00109 in the International Business Companies and International Trusts Registry (IFC) of Saint Lucia. However, this entity is not listed with the Financial Services Regulatory Authority (FSRA) of Saint Lucia, nor could it be found under the official financial regulatory bodies of other jurisdictions.
Information retrieved from Whois indicates that the domain name for the broker's official website was registered on May 13, 2020. Additionally, as of January 24, 2024, ACX has been established for less than a year.
Account Opening:
To open an account with ACX: Visit the broker's official website, click on "Register" in the upper right corner of the webpage to enter the account registration interface, fill in personal information as requested and submit. After submission, the broker will send a verification code to the email address provided, enter the code to log in. After logging into the account, you must complete full personal information verification in order to deposit and start trading activities.
Account Types:
ACX offers four different types of real trading accounts: Classic Account, Fixed Account, Pro Account, and True ECN Account.
Classic Account:
- Spread: variable spreads starting from 1.2 pips
- Maximum Trading Leverage: 1:1000
- Minimum Lot Size: 0.01 lots
- Trading Commission: 0
- Overnight Interest: None
Fixed Account:
- Spread: fixed spreads starting from 1.5 pips
- Maximum Trading Leverage: 1:1000
- Minimum Lot Size: 0.01 lots
- Trading Commission: 0
- Overnight Interest: None
Pro Account:
- Spread: variable spreads starting from 0.6 pips
- Maximum Trading Leverage: 1:1000
- Minimum Lot Size: 0.01 lots
- Trading Commission: 0
- Overnight Interest: None
True ECN Account:
- Spread: variable spreads from 0 pips
- Maximum Trading Leverage: 1:1000
- Minimum Lot Size: 0.01 lots
- Trading Commission: only for forex and metals at $10 per lot
- Overnight Interest: None
Trading Platform:
ACX provides the MT5 trading platform, with the server provided by ACX LTD. On the MT5 platform, this broker can only link existing trading accounts and cannot open new demo or real trading accounts.
Deposits and Withdrawals:
ACX LTD has not explicitly announced on its official website the supported methods, fees, and minimum amounts for deposits and withdrawals.
Conclusion:
Traderknows reminds investors that ACX LTD is a forex broker without effective regulation. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation for investment and trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as 'suspected of fraud' on Traderknows.
