Blue Ace Capitals is a forex broker that was registered in Saint Vincent and the Grenadines on April 12, 2023, mainly providing investors with trading services in forex, indices, commodities, and other financial derivatives. This broker does not offer services to jurisdictions where it would be in violation of local laws or regulations.
Registration Information and Regulatory Status:
Public information on the official website of Blue Ace Capitals shows that the business entity registered in Saint Vincent and the Grenadines is Blue Ace Capital LLC, with the specific registered address being Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines, and the registration number is 3015. According to information obtained from a Whois query, the domain name of this broker's official website was registered on April 5, 2023.
Upon verification, the Financial Services Authority of Saint Vincent & the Grenadines (SVGFSA) has a listed entity named Blue Ace Capital LLC with the registration number 3015. However, the Financial Services Authority of Saint Vincent & the Grenadines (SVGFSA) does not "regulate, monitor, supervise or license" commercial companies (BC) engaging in forex trading or brokerage services. Its regulatory scope is limited to ensuring that BCs comply with the obligations stipulated in Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines Act of 2009, the Business Companies (Amendment and Consolidation) Act,
Therefore, there is no effective regulation for the financial derivatives trading business operated by this broker.
Account Opening:
To open an account with Blue Ace Capitals, visit the broker's official website and click on "Create Live Account" on the homepage or "START TRADING" at the top right corner of the webpage. This will take you to the account registration page, where you can choose the type of account, fill in personal information such as name, email address, phone number, and set a login password. Once submitted, your account will be successfully registered.
Account Types:
Blue Ace Capitals offers six different types of real trading accounts: Silver, Gold Account, Platinum Account, Premium Account, VIP Account, Exclusive Account.
Silver Account:
- Minimum opening deposit: $100
- Spread: From 2.5 pips
- Trading commission: $0
- Maximum trading leverage: 1:500
- EA allowed
- Hedging allowed
- Scalping not allowed
- Margin call level: 80%
- Stop-out level: 60%
Gold Account:
- Minimum opening deposit: $1,000
- Spread: From 2.0 pips
- Trading commission: $0
- Maximum trading leverage: 1:500
- EA allowed
- Hedging allowed
- Scalping not allowed
- Margin call level: 80%
- Stop-out level: 60%
Platinum Account:
- Minimum opening deposit: $5,000
- Spread: From 1.5 pips
- Trading commission: $0
- Maximum trading leverage: 1:500
- EA allowed
- Hedging allowed
- Scalping not allowed
- Margin call level: 80%
- Stop-out level: 60%
Premium Account:
- Minimum opening deposit: $25,000
- Spread: From 1.0 pips
- Trading commission: $0
- Maximum trading leverage: 1:500
- EA allowed
- Hedging allowed
- Scalping not allowed
- Margin call level: 80%
- Stop-out level: 60%
VIP Account:
- Minimum opening deposit: $50,000
- Spread: From 0.5 pips
- Trading commission: $0
- Maximum trading leverage: 1:100
- EA allowed
- Hedging allowed
- Scalping not allowed
- Margin call level: 80%
- Stop-out level: 60%
Exclusive Account:
- Minimum opening deposit: $100,000
- Spread: From 0.1 pips
- Trading commission: $0
- Maximum trading leverage: 1:100
- EA allowed
- Hedging allowed
- Scalping not allowed
- Margin call level: 80%
- Stop-out level: 60%
Trading Platform:
Blue Ace Capitals provides its users with the Match Trader trading platform.
Deposits and Withdrawals:
Blue Ace Capitals supports deposits and withdrawals through bank wire transfer, bank transfer, credit/debit card, Perfect Money, Tether, Skrill, NETELLER, and other methods.
Summary:
Traderknows reminds investors that Blue Ace Capitals is an unregulated forex broker. Traderknows advises investors to choose brokers that are transparent, well-regulated and reputable for their trading activities, in order to avoid unnecessary losses of their assets.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
