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On-line since: 2013
Country of origin: Saint Vincent and the Grenadines
Regulation: FSA
Payment options: bank wire, credit cards, electronic payment systems
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: up to 1:500
Spreads: variable from 0 pip

About the company:

ACCFX is an ECN Forex broker that offers a wide range of instruments, from currencies to spot metals. The company serves investors from all over the world.

Company. Security of funds

ACCFX is a trademark of Alpha Capital Markets. This company is registered in Saint Vincent and the Grenadines and is regulated by the local FSA.

The broker operates in an offshore zone widely known for offering light regulatory requirements. Nevertheless, the broker claims that it keeps customers' funds on segregated accounts in world-famous banks, and ACCFX also protects customers' funds using internal rules. Each client, for example, undergoes a strict verification procedure.

Regulation of offshore-based organizations is better than the absence of regulation. But we recommend that traders be more cautious when working with an offshore-based broker and study the feedback on it at the end of the description.

Trading conditions

ACCFX provides its customers with three account types for forex and CFD trading. Trading conditions vary depending on the initial deposit size. Islamic (swap-free) accounts are also available.

Minimum initial deposit

ACCFX requires $100 as a minimum initial deposit. This is a very advantageous offer, although many brokers offer a smaller deposit, for example, $50 or even $1. Nevertheless, the amount of $100 might not be enough to make you earn sufficient income. But on the other hand, if you are just learning to trade, $100 is a great start.

Spreads and commissions

In ACCFX, spreads depend on an account type. On average, the spread on the EUR/USD pair amounts to 1.6 pip.

Leverage

ACCFX offers a maximum leverage level of 1:500. This is a fairly common offer in the industry. Brokers usually set a lower level of leverage on accounts with large deposits. However, a trader can always choose the leverage size or not use it at all.

Trading platforms

ACCFX provides its services through MetaTrader4 (MT4). This is the most popular platform on Forex. First, a lot of customizable tools are designed for it. Technical analysts choose MT4 for its excellent graphics, user-friendly interface, multilingual support, and pending orders. On the other hand, there might be time lags if too many tools (more than 200) are loaded at the same time. However, it also depends on the hardware of your PC.

Support service

ACCFX has a useful section with frequently asked questions on its website. There are also several phone numbers that allow investors to contact the right team which will be able to answer a specific request in English, Russian, and Arabic. Besides, you can contact specialists by email, there is also a dedicated address for affiliate support. Contact numbers are also provided for offices in the UK and Russia.

The website is translated into English and Arabic.

The customer service is not available via Skype and live chat.

Support operates in a 24/5 mode.

Payment methods

ACCFX offers a variety of payment methods which include bank wire, credit/debit cards, and almost all the most popular electronic wallets: Neteller, Skrill, WebMoney, China Union Pay, CashU, Paysafe Cards, Perfect Money, Qiwi Wallet, iDeal, GiroPay, Lobanet, and Poli Internet Banking.

Advantages:

• MT4;
• variety of payment methods.

Disadvantages:

• offshore-based broker.