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AccentForex broker Review 2024

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AccentForex broker Review 2024
PAMM accounts Copy Trading
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Your Capital is at risk.

Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:AccentForex
Founded:2010
Min Deposit:$50
Max Leverage:500
Headquarter:Port Villa, Port Villa
US Accepted:
About
AccentForex’s use of the popular MT4 platform, with its competitive spreads (from 0.1 point) and high leverage (Up to 1:), makes it an attractive option for many traders. However, potential clients should be aware of the limitations of offshore regulation (VFSC) and carefully consider their risk tolerance before trading.
Contact
1276, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
High leverage
Low Spreads
Allowed scalping
Cons
Restriction in some countries
Limited educational content
lack of top-tier regulations

Finding a feature-rich broker can be daunting. AccentForex, established in 2010, has positioned itself as a competitive player in the forex and CFD trading arena. This AccentForex review will examine the various aspects of the broker, from its regulatory status (VFSC) to its trading platforms (MT4), account types, and more. Whether you're a professional trader or just starting your journey in the financial markets, this review aims to provide valuable insights to make your eyes wide open about AccentForex broker.

AccentForex Review
Explore, trade, and thrive with AccentForex's diverse account options and flexible trading platform

Company Information & Regulation Status

AccentForex (founded in 2010) is a straight-through processing (STP) and no-dealing desk (NDD) forex broker headquartered in Vanuatu. The company is regulated by the Vanuatu Financial Services Commission (VFSC), which provides specific oversight and protection for traders.

While AccentForex strives to provide a reliable and transparent trading environment, it's worth noting that the VFSC regulation may offer a different level of protection than top-tier regulators like the FCA or CySEC.

AccentForex’s Summary of Specifics

To give you a quick overview of what AccentForex offers, here's a summary table of its key specifics:

Broker

AccentForex

Account Types

Micro, Mini, PROFIT, STP

Regulating Authorities

VFSC

Based Currencies

USD, EUR

Minimum Deposit

$50 / €50

Deposit Methods/ Withdrawal

Wire transfer, Visa, Master Card, Skrill, Neteller, Bitcoin, Ethereum, Tether

Minimum Order

0.01

Maximum Leverage

1:500

Investment Options

YES

Trading Platforms & Apps

                        МetaТrader 4

Markets

Futures, Currency pairs, Metals, CFDs on stocks,

Spread

From 0.1 points

Commission

variable

Orders Execution

Market

Margin Call/Stop Out

60%/50%

Trading Features

CopyTrading, Investment options

Affiliate Program

YES

Bonus & Promotions

YES (40%, 35%)

Islamic Account

YES

PAMM Account

YES

Customer Support Ways

Live Chat, Email

Customer Support Hours

24/5

AccentForex broker Types of Accounts

AccentForex offers various account types to suit different trading styles:

Account

Min. Deposit

Leverage Up to

Micro

$50 / €50

1:500

Mini

$100 / €100

1:200

PROFIT

$1000 / €1000

1:100

STP

$100 / €100

1:200

The broker also offers a Swap-Free (Islamic) Account:

  • Available for all account types;
  • No overnight swap charges;
  • Compliant with Islamic finance principles.
AccentForex Account Types
Account Types on AccentForex include Micro, Mini, Profit, STP

Each account type is designed for specific trading needs, allowing traders to choose the one that best aligns with their experience, capital, and trading goals.

AccentForex Advantages and Disadvantages

To help you have a better idea of the broker, let's examine the pros and cons of trading with AccentForex:

Advantages

Disadvantages

Competitive spreads

No top-tier regulations

High leverage

Limited educational resources

Multiple account types

Restriction in some countries

Supports scalping and hedging strategies

-

While AccentForex broker offers attractive trading conditions, potential clients should carefully weigh these pros and cons against their needs and risk tolerance.

Signing Up & Verification Process

Opening an account with AccentForex is straightforward:

  1. Visit the AccentForex website and click the "My Account”;
  2. Click on “Don't have an account yet? Create it now.”
  3. Fill in the registration form with your details (Full name, Email address, Phone number, Country of residence, City, Password, Phone password);
  4. Read and accept the broker's terms and definitions;
  5. Submit your application and wait for an email confirmation.
  6. Choose your preferred account type (Micro, Mini, PROFIT, or STP).

Once your account is created, verify your identity and address with the following:

  • Your passport, driver's license or national ID;
  • A bank statement or utility bill.

Upload these documents through your client area.

Trading Platforms on AccentForex 

AccentForex primarily offers the MetaTrader 4 (MT4) trading platform, renowned for its reliability, user-friendly interface, and powerful features. Here's an overview of the MT4 platform as offered by AccentForex:

  • Expert Advisors (EAs) for automated trading;
  • One-click trading and customizable interface;
  • Access your account from any browser without downloading software;
  • Real-time quotes and live charts;
  • Available for iOS and Android devices;
  • Push notifications for important market events.

While AccentForex focuses on providing a robust MT4 experience, it's worth noting that they don't offer the newer MetaTrader 5 platform or proprietary platforms as some other brokers do. However, MT4's capabilities are sufficient for executing various trading strategies effectively for most traders.

AccentForex’s Trading Platform
AccentForex offers MT4 as its trading platform

Spreads and Commission Structure

AccentForex is known for offering competitive spreads, especially on their STP accounts. Here's a breakdown of the spreads and commissions across different account types:

Account

Spreads From

Micro

2 pips

Mini

0.5 points

PROFIT

0.5 points

STP

0.1 points

The commission formula in USD, is as follows:

0.001 * (Size of 1 lot) * (Equity market price)

It's important to note that spreads vary depending on market conditions and liquidity. During major economic events or periods of high volatility, spreads may widen.

Deposit & Withdrawal Methods

AccentForex offers a variety of deposit and withdrawal methods to cater to traders from different regions:

Deposit/Withdrawal

Fees for deposit

Fees for Withdrawal

Bank Wire Transfer

bank fees

0.5%

Credit/Debit Cards

5.1% + 0.5 USD

bank fees

Skrill

7%

1%

Neteller

7%

2%

BTC

Best Price

Best Price

ETH

Best Price

Best Price

USDT

Best Price

Best Price

It's important to note that AccentForex follows strict anti-money laundering (AML) policies. Withdrawals are typically processed using the same method used for depositing funds.

Copy Trading & Investment Options Offered on Accent

AccentForex broker offers several investment options for traders who want to diversify their strategies or benefit from the expertise of professional traders:

  1. PAMM Accounts;
  2. Copy Trading.

Considerations:

  • Past performance doesn't guarantee future results;
  • Carefully review the track record and risk level of PAMM managers before investing;
  • Understand the fee structure associated with PAMM accounts;
  • Be aware of the risks involved in copy trading and PAMM investments.

Tradable Markets & Symbols Overview

AccentForex provides access to diverse financial instruments, allowing traders to diversify their portfolios across different asset classes:

  1. Forex;
  2. CFDs on Stocks;
  3. Metals;
  4. Futures.

By offering a wide range of tradable instruments, AccentForex allows traders to take advantage of various market opportunities and create diversified trading strategies.

Bonus offerings and Promotions

AccentForex offers bonuses and promotions to attract new clients and reward existing ones.

AccentForex 40% bonus
A 40% bonus is dedicated for new clients to AccentForex broker

Here's an overview of the current offers:

Bonus Type

Eligibility

Bonus Details

Max Bonus Amount

Conditions

40% Deposit Bonus

New clients

40% bonus on initial deposits

$4,000

Minimum deposit and trading volume requirements

35% Cash Bonus

Existing clients

35% bonus on deposits of $300 or more

Fully tradable

Must request "Cash Bonus + 35%" upon deposit; trading volume requirements for withdrawal

The broker also offers an IB Program:

  • Earn commissions by referring new clients to AccentForex;
  • Up to 90% commission;
  • No restrictions on the duration or number of trades to earn commissions.

While these bonuses can provide extra trading capital, it's crucial to remember that trading carries inherent risks. Traders should not base their decision to join AccentForex solely on promotional offers. Consider the broker's overall trading conditions, regulation, and reputation when choosing.

AccentForex’s Support Channels

AccentForex provides customer support through various channels to assist traders with queries and concerns:

  1. Live Chat;
  2. Phone: +678 23 043;
  3. Email: support@accentforex.

The support team is available 24/5.

List of Restricted Countries

AccentForex restricts clients from several regions, including:

  • United States of America;
  • United Kingdom;
  • Citizens of the Russian Federation;
  • Citizens of Belarus;
  • FATF blacklisted countries.
Restricted Countries for AccentForex
Restricted Countries for AccentForex are USA, UK, Russia, Belarus, FATF blacklisted countries

Traders from these areas are not eligible to register or trade with the broker. It's important for potential clients to check whether their country is permitted, as restrictions are based on regulatory compliance and international financial laws.

AccentForex Broker Trust Scores & Reviews

AccentForex holds a solid trust score of 3.9 out of 5 on the Trustpilot website, indicating overall positive feedback from its users:

Positive reviews

Negative reviews

broker’s reliability

Manipulated gains on PAMM accounts

 Excellent customer service

-

Fair trading conditions

-

Traders generally appreciate its competitive spreads, execution, and the variety of trading instruments offered.

AccentForex provides valuable educational content, including a dedicated news section and forex analytics to help traders make better decisions. The news section offers up-to-date market insights, while the forex analytics deliver technical and fundamental analysis to guide trading strategies. This resource is particularly helpful for traders looking to enhance their market understanding.

Education on AccentForex Broker

AccentForex provides valuable educational content, including a dedicated news section and forex analytics to help traders make better decisions.

The news section offers up-to-date market insights, while the forex analytics deliver technical and fundamental analysis to guide trading strategies.

This resource is particularly helpful for traders looking to enhance their market understanding.

Conclusion and final words

In conclusion, AccentForex is a good choice because of its diverse account types—Micro, Mini, PROFIT, and STP— and is suitable for both new and experienced traders. With a low minimum deposit of $50/€50 and a maximum leverage of 1:500, it provides access to a variety of markets. However, the regulation of VFSC may not offer the security some traders are looking for. Overall, AccentForex presents a solid option for traders seeking diverse opportunities and a user-friendly experience.

FAQs

What account types does AccentForex offer?

The broker offers four account types: Micro, Mini, PROFIT, and STP.

What is the minimum deposit required to open an account with AccentForex?

The minimum deposit required is $50 or €50.

Which regulatory authority oversees AccentForex?

The broker is regulated by VFSC.

What currencies can I use to trade on AccentForex?

Traders can use USD and EUR as the base currencies for their accounts.

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