Quick Links

• Our Review Method

• Is ACFX Scam or Legit Broker?

• What is ACFX?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding ACFX due to the issues we've identified.

Is ACFX Scam or Legit Broker? ▲

Trading with ACFX is deemed unsafe due to its unregulated status, raising substantial concerns over its legitimacy. Our examination has revealed that ACFX lacks any form of regulatory oversight, casting doubts on its operations and authenticity. The absence of any registered address or license further amplifies the suspicion that ACFX could be operating under false pretenses, potentially from an undisclosed location. This lack of transparency and regulatory compliance positions ACFX as a high-risk entity for traders and investors alike.

What is ACFX? ▲

ACFX operates under the business name AtlasCapital Financial Services, part of the Atlas Group, a prominent conglomerate in South Eastern Europe with a 20-year history in various sectors including financial services, banking, insurance, and real estate. Despite its claims of being authorized by the Cyprus CySEC and boasting registrations with the FCA among other reputable authorities, ACFX's operations have been marred by controversies and complaints related to withdrawal issues, failure to meet obligations to customers, and allegations of insolvency. These serious allegations led to the suspension of ACFX's license by CySEC in April 2016, citing the company's failure to comply with legal requirements and to maintain necessary safeguards for client assets. Despite this, ACFX continues to assert its authorization status on its website, misleadingly presenting itself as a compliant and trustworthy broker.

Conclusion ▲

It is unequivocally unsafe to engage in trading with ACFX, and traders are strongly advised to steer clear of any interactions with this firm due to the elevated risks involved. The market is replete with well-regulated and reputable brokers, especially those regulated by CySEC, who adhere to stringent rules designed to protect clients and provide a secure trading environment. It is in the best interest of potential traders to consult our listings for alternatives that are not only compliant with regulatory standards but also prioritize client protection. The overall assessment of ACFX is decidedly negative, underscoring the necessity to avoid this broker and remain vigilant against any future solicitations.

ACFX Update

The ACFX website is currently inactive and unreachable, indicating that the broker has ceased operations. Despite this cessation, the potential for future proposals or solicitations remains, warranting caution among traders and investors. The safest course of action is to avoid any involvement with ACFX and to be wary of any communication that may arise, safeguarding against potential risks and ensuring a secure trading experience.