It will always be a good idea to do thorough research and read multiple reviews before choosing a forex broker to ensure it meets your specific needs and expectations. This post will give you in-depth information on Ace Forex, all you need to know about the Broker and why they should be considered in Forex trading.

Ace Forex

Ace Forex is a global brokerage firm based in Saint Vincent and the Grenadines, with operations in Seoul. They provide access to a variety of market instruments, including Forex. CFDs, Commodities and Binary options.

Ace Forex offers a range of trading platforms, including

cTrader: known for its advanced charting and trading tools

mobile and web platforms: Allowing traders to manage their accounts and execute trades on the go.

Account Types

Ace Forex provides several account types to cater to different trading needs, these accounts are highlighted as follows.

Standard Account 

Minimum Deposits $200, Spreads from 1.6 pips, Leverage up to 1:500, Instruments CFDs and Metals

Pro Account 

Minimum Deposit $3,000, Spreads from 0.8 pips, Leverages up to 1:200, Instruments: CFDs, Metals and Indices

Ultimate Account

Minimum Deposit $10,000, Spreads from 0.2 pips, Leverage up to 1:100, Instruments: CFDs, Metals, and Indices

Key Features on Ace Forex

Leverage up to 1:500 depending on the account type 

Multiple Deposit options: Ensuring flexibility for traders.

True STP (Straight Through Processing): No price manipulations or requotes

Dedicated Account Managers: Providing personalized customer service.

Regulation and Safety

Ace Fx is not regulated by any major financial authority. This lack of regulation raises concerns about the safety and security of funds as the broker is not subject to strict compliance and monitoring standards.

Sign-up for our master classes to learn how best to trade and which broker is regulated by major financial authority.

Customer Reviews

To get more reviews on this broker the UK. trust pilot review is recommended Ace Fx Reviews | Read Customer Service Reviews of www.ace-fx.com (trustpilot.com)

7 Reasons Why Ace Forex is Outstanding

1. Competitive Rates: Ace Forex offers competitive exchange rates which can be beneficial for traders that need to maximize their returns.

2. User-Friendly process: The process of completing orders online and collecting currency is straightforward and stress-free.

3. Convenient Locations: They have convenient locations such as London Bridge Station (Lower Concourse) Unit SU37, London Bridge Station SE1 9GP, Canary Wharf (Canada Place).

4. Positive Customer Feedback: Many customers reported positive experiences highlighting the ease of obtaining currency and the helpfulness of the service.

5. Reliable Service: Ace Forex has been noted for its reliability, with customers able to collect their currency on the same day they order it.

6. Long-Term Use: Some customers have used Ace Forex for years, indicating a level of trust and satisfaction with their services.

7. Responsive Customer Service: The company shows responsiveness to customer feedback, aiming to improve their service based on customer experiences.

Understanding Forex brokerage

A forex broker is an intermediary between individual traders and the forex market, they provide access to the market, allowing traders to exchange currencies. Forex brokers facilitate trading by providing a trading platform, executing trades on behalf of traders, offering leverage, and providing various trading tools and resources.

The three main types of forex brokers are:

• Market Maker Brokers: Market maker brokers, also known as dealing desk brokers, act as counterparties to their clients’ trades. They create a market for their clients by taking the opposite side of the trade. These brokers make money through spreads and may have a conflict of interest with their clients, as their profits can be directly affected by their clients’ losses.
• ECN Brokers: ECN (Electronic Communication Network) brokers connect traders directly to the forex market by matching buy and sell orders from various market participants. They earn money through a commission on each trade and provide traders with access to the interbank market, resulting in tighter spreads and potentially better execution.
• STP Brokers: STP (Straight Through Processing) brokers are similar to ECN brokers in that they provide direct access to the market. However, unlike ECN brokers, STP brokers do not charge a commission but make money through spreads. They route their clients’ orders directly to liquidity providers, eliminating any conflict of interest.