ACPFX is a broker that offers forex, metals, commodities, and indices trading services to investors. The ACPFX official website is https://acpfx.com/, and it only supports English as the language of use. According to the Whois query, the domain name for the company's official website was registered on October 19, 2022, which is less than six months ago.
Company Background:
Information on the ACPFX official website indicates that the company is registered in Bermuda. However, the Bermuda Monetary Authority (BMA) website does not have any registered information related to this company. Furthermore, according to the Whois query, the domain name for the company's official website was registered on October 19, 2022, which is less than six months ago.
Account Registration:
While ACPFX's official website provides a registration link for real accounts, clicking on this link results in an error that prevents access to the registration page. Additionally, ACPFX's official website does not provide a registration link for demo accounts, which would allow investors to practice trading.
Account Types:
According to information on the ACPFX official website, the company offers three types of trading accounts for investors: ACP Premium, Advanced Plus, and ACP-ECN Raw Spread. These three different account types have significant differences in terms of minimum deposits, commissions, spreads, margin ratios, minimum trade sizes, stop-loss ratios, and other factors.
Trading Products:
The ACPFX official website states that the company provides trading services for forex, metals, commodities, and indices. However, the website does not specify the individual trading products within these categories, nor does it provide information about spreads, margin ratios, or other details related to these products.
Margin Ratios:
While ACPFX's official website indicates that different account types have different maximum margin ratios, it does not provide information on the margin ratios for specific trading products within the forex, metals, commodities, and indices categories.
Trading Hours:
ACPFX's official website does not provide information about the trading hours for all tradable products in the forex, metals, commodities, and indices categories.
Deposits and Withdrawals:
According to the information on the ACPFX official website, the company only lists VISA and MasterCard as deposit and withdrawal methods, without providing specific details about processing times or fees.
Trading Software:
The ACPFX official website mentions that the company offers MetaTrader 5 (MT5) trading software for investors, including desktop versions for Windows and MacOS, a web-based version, and mobile versions for iOS and Android. However, it notes that the Android version of MT5 may have slow download speeds or installation issues in some regions.
Regulatory Information:
ACPFX's official website does not provide any regulatory information. Additionally, the website indicates that the company is registered in Bermuda, but the Bermuda Monetary Authority (BMA) website does not contain any regulatory information related to this company.
Summary:
ACPFX is suspected of fraudulent activity. Firstly, the company's official website lacks specific information about trading products, including details about spreads and margin ratios. It also fails to provide clear information about deposit and withdrawal processing times and fees. Secondly, the registration information displayed on the company's official website appears to be false. Lastly, the Bermuda Monetary Authority (BMA) website does not have any regulatory information related to ACPFX. Based on these factors, there is suspicion of fraudulent activity, and investors should exercise caution when considering this company's services. TraderKnows advises you to be vigilant about your financial security and to avoid falling into potential scams.
