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.
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.
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:
- Visit the AccentForex website and click the "My Account”;
- Click on “Don't have an account yet? Create it now.”
- Fill in the registration form with your details (Full name, Email address, Phone number, Country of residence, City, Password, Phone password);
- Read and accept the broker's terms and definitions;
- Submit your application and wait for an email confirmation.
- 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.
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:
- PAMM Accounts;
- 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.
Bonus offerings and Promotions
AccentForex offers bonuses and promotions to attract new clients and reward existing ones.
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:
- Live Chat;
- Phone: +678 23 043;
- 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.
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.
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.
