AccentForex Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MetaTrader4
- VFSC
- 2009
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MetaTrader4
- VFSC
- 2009
Our Evaluation of AccentForex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
AccentForex is a broker with higher-than-average risk and the TU Overall Score of 4.08 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by AccentForex clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
AccentForex does not offer many types of CFDs and you cannot trade cryptocurrencies. However, the broker offers access to CFDs on futures, as well as high leverage and low spreads for currencies.
Brief Look at AccentForex
AccentForex is a broker that uses No Dealing Desk (NDD) technology and offers access to the metals, stocks, and futures markets through MetaTrader 4. The company has been operating since 2010, it is licensed by the Vanuatu Financial Services Commission (VFSC), and provides protection of client deposits and personal data. AccentForex supports many payment systems, it broadcasts news and analytics on the Forex market, and offers cent and STP accounts with low spreads.
- Trading without the intervention of dealers at prices that are directly broadcast by liquidity providers;
- Opportunity to choose an account type for different tasks, strategies, and fees;
- Minimum trade volume is 0.01 lots;
- Access to automated trading and PAMM accounts;
- Initial deposit is $50 or €50;
- All account types provide negative balance protection;
- Qualified support is available 24/5.
- Superficial education on the website, covering only the basics of trading in financial markets;
- No insurance or compensation security for client capital;
- Limited choice of CFDs as compared to other Forex brokers.
TU Expert Advice
Financial expert and analyst at Traders Union
AccentForex offers high-tech solutions for comfortable online trading. The broker uses the NDD model in its work, which allows traders to trade directly at the prices of liquidity providers and without the intervention of a dealer. This ensures closing trades at the best prices and low spreads for all financial instruments.
Like any other broker, AccentForex has its own peculiarities in terms of trading conditions and money transactions. Thus, you can deposit at least $100 and no more than $5,000 from a bank card. If the payment currency matches the account currency, the deposit is received within a few hours. For some methods (for example, bank transfer), compliance of account currencies and funding currencies is mandatory.
AccentForex offers cent accounts, which are essential for both Forex novice and experienced traders. Moreover, accounts with fixed spreads are available. They are recommended to novice market participants who do not have enough investment instinct and knowledge to trade with floating spreads. Also, novice traders can practice on a demo account without investing funds and risking their loss before opening a live account.
AccentForex Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МetaТrader 4 |
|---|---|
| 📊 Accounts: | Demo, Micro, Mini, STP, Profit, and Islamic |
| 💰 Account currency: | USD and EUR |
| 💵 Replenishment / Withdrawal: | Wire transfer, bank cards, Skrill, Neteller, Bitcoin, Ethereum, and Tether |
| 🚀 Minimum deposit: | $50 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: |
Floating from 0.1 pips; Fixed from 2 pips |
| 🔧 Instruments: | 60+ currency pairs, CFDs on stocks, metals, and futures |
| 💹 Margin Call / Stop Out: | 60%/50% |
| 🏛 Liquidity provider: | Major world banks |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Accounts with floating and fixed spreads are available |
| 🎁 Contests and bonuses: | Deposit bonus of 40% and cash bonus of 35% |
AccentForex's trading conditions are suitable for both experienced and novice traders due to the variety of account types, trading instruments, and the possibility of margin trading. The broker varies the leverage for different financial instruments and account types. The maximum value available for the Profit account is 1:100; for Mini and STP, it is 1:200; and for Micro, it is 1:500. Order execution is market. Swap-free accounts are available.
AccentForex Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Trading Account Opening
To open a user account with AccentForex, register an account on its official website. Below is a brief description of the procedure:
Click the “Open Account” button at the top of the main page. Complete the form that appears on the screen. The broker asks for personal information (first and last names, phone numbers, and an email address) and a password to protect the user account.
After completing the form, the company sends two codes: one to confirm the email; and the second to confirm the phone number. Enter these codes in the registration window, and then agree to the terms of service. To enter the user account, use the registered email address and the previously generated password.
Features of the AccentForex’s user account:
Full functionality of the user account:
Financial transactions. These are deposits, withdrawals, and transfers of money between different accounts within the same user account;
Account management. It provides for registering a new account, accessing the bonus program, and changing the login password and leverage;
PAMM service. Rating of successful managers, registration of a PAMM account (for a manager), connection to a managed account (for investors), and a potential income calculator are available here;
Partner profile. This section provides a referral link, and information on referrals and accrued rewards;
MT4 installation, newsfeeds, legal documents, help window, and Forex trading risk warning.
Regulation and safety
AccentForex is a brand operated by Accent Markets Group Inc. The company is registered with the Vanuatu Financial Services Commission and received a class A license from it. VFSC is the International Financial Supervisory Commission. It monitors the work of controlled organizations and requires them to fully comply with the standards of service, holding funds, and client support. The regulator guarantees the transparency and reliability of AccentForex.
Advantages
- AccentForex strictly complies with international legal regulation
- Client deposits are held in segregated bank accounts
- VFSC allows cryptocurrency transactions and trading with high leverage
Disadvantages
- The financial performance of the broker is not publicly available
- Traders’ funds are not protected by insurance or compensation programs
- The company withdraws money only to bank accounts of clients
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Micro | $0.2 | Yes |
| Mini | $0.5 | Yes |
| STP | $1 | Yes |
| Profit | $5 | Yes |
Swaps are charged for transferring an open position overnight. They can be positive or negative, depending on the asset and holding time (short/long). TU analysts compared the average fees of AccentForex with those of its competitors. The results are available in the table below.
| Broker | Average commission | Level |
|---|---|---|
|
$1.7 | |
|
$1 | |
|
$8.5 |
Account types
AccentForex offers trading account types for traders with different experiences and capital. Novice traders can use cent accounts and accounts with fixed spreads. STP accounts are intended for experienced market participants. The Profit account is aimed at professionals. If traders are Muslims, they can convert any of the listed accounts to Islamic accounts.
Account types:
You can also open a demo account with a virtual deposit of $10,000.
A wide range of account types is one of the advantages of AccentForex. Due to this, the trading conditions of this company will suit both professionals and novice traders who are taking their first steps in Forex.
Deposit and Withdrawal
-
Withdrawal requests are processed within 1-2 business days. Further terms of funds crediting depend on the payment method. Bank transfers and withdrawals to bank cards take 3-6 business days;
-
The minimum withdrawal amount by bank transfer is $45. Available methods are Visa, Mastercard, wire transfer, Skrill, Neteller, Bitcoin, and altcoins (ETH and USDT);
-
The withdrawal fee is 0.3% - 3% depending on the payment system. There is no fee for transferring cryptocurrencies, but funds are credited at the current market price, so there may be losses for exchanging fiat currencies;
-
An additional fee may be charged by the broker in case of withdrawal of funds without trading.
Investment Options
Like most Forex brokers, AccentForex specializes in active trading. Nevertheless, passive types of income are also available to its clients. The company offers fairly simple solutions that even a novice investor will understand. There are no requirements for the minimum investment amount, which is also a plus for novice traders. It is also possible to receive additional profit without depositing funds at all, but for this, you need to promote AccentForex on the network.
Passive income options offered by AccentForex
The company offers solutions for investors focused on generating income without active trading. AccentForex investment programs are also suitable for traders who are just starting their Forex journey. So, the following passive income options are available:
Interest rate on the deposit. Traders who had trading activity on their accounts during the month receive 8% of the amount of funds available in the internal wallet. Inactive clients receive 2% per annum of the current balance. The accrual of bonus funds is from the 1st to the 7th day of each month. Money can be withdrawn at any time with no restrictions on the minimum and maximum withdrawal amount;
PAMM service. Traders can invest their capital in the accounts of experienced managers and earn on their successful trading. The minimum investment amount is $1. Profit can be withdrawn after the trading period, which, depending on the conditions of the PAMM account, can be from 1 to 30 days. Only professional traders who can make a deposit of $1,000 or more can activate a PAMM account;
Algorithmic advisors. AccentForex allows the use of expert advisors (EAs) for trading on specified algorithms on all accounts. Moreover, from time to time the broker offers a competition on demo accounts, aimed at scalpers and traders using expert advisors. Its winners receive real money ($500-$1,000) without investing their own funds.
To start receiving passive income with AccentForex, you do not need to invest huge amounts. Interest on the deposit is paid regardless of the account balance. At the start, you can invest a few dollars in PAMM accounts and check the work of the manager. Free EAs are available to be tried out on cent accounts.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program from AccentForex:
Introducing Broker (IB). An IB can be one person, a group of people, or a company. The main condition is the active growth of the AccentForex client base. The reward is up to $12 per full lot closed by referred clients on their accounts. IB is a two-level program, that is, part of the referee’s fee is added to the partner’s main income;
PAMM partner. The partner's task is to attract investors to the accounts of PAMM managers. The reward is calculated as a percentage of the income of a particular manager who received new investors due to the partner's activities.
The peculiarities of AccentForex partnership programs are the free provision of marketing materials, a transparent system of fee accrual, and daily support, including Skype. To become an AccentForex partner and earn additional income, you do not need to invest money or have trading skills.
Customer support
Support is provided 24/5.
Advantages
- Quick responses in live chat
- Dedicated communication channel for IBs
Disadvantages
- No phone support
- Few communication channels
To communicate with AccentForex, any trader can use:
-
Live chat;
-
Skype;
-
email.
Support is available in English, and can be requested by both clients and guests of the AccentForex website.
Contacts
| Foundation date | 2009 |
|---|---|
| Registration address | Accent Markets Group Inc, 1276 Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu |
| Regulation |
VFSC
Licence number: 17926 |
| Official site | accentforex.com |
| Contacts |
+44 20 8144 4026
|
Education
All useful information for novice traders on the AccentForex website is available in the For Beginners section. Training offered by this company cannot be called comprehensive, as it lacks important data for novice traders.
After studying the advantages of a demo account, anyone can open one on the AccentForex website. A demo account can be used to learn trading for as long as you want (provided you log into your account at least once every 14 days).
Comparison of AccentForex with other Brokers
| AccentForex | RoboForex | Pocket Option | Exness | Octa | FxGlory | |
| Trading platform |
MT4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MetaTrader4, MetaTrader5 | MT4, MobileTrading, MT5 |
| Min deposit | $10 | $10 | $5 | $10 | $25 | $1 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | 8.00% | No | No | No | No | 8.00% |
| Spread | From 0.1 points | From 0 points | From 1.2 point | From 1 point | From 0.6 points | From 2 points |
| Level of margin call / stop out |
60% / 50% | 60% / 40% | 30% / 50% | No / 60% | 25% / 15% | 20% / 10% |
| Execution of orders | Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of AccentForex
AccentForex has been providing high-quality brokerage services worldwide for more than 10 years. Its main goal is to create the most favorable environment in which every trader, including a novice trader, will be able to profit from trades in the markets of financial instruments. AccentForex offers bonuses and profitable partnership programs; it also provides for conducting automated trading and earning on passive investment in PAMM accounts.
AccentForex by the numbers:
-
140+ assets are available for trading;
-
Floating spreads start from 0.1 pips;
-
The company was registered with VFSC more than 6 years ago;
-
4 trading account types, plus demo and Islamic accounts.
AccentForex is an online broker for trading standard and micro lots
Each client can execute trades with 64 currency pairs, CFDs on futures, metals, and stocks within one trading account. The number of instruments available depends on the account type. There is no slippage on Micro, Mini, and Profit accounts, and there are no requotes on the STP account. Prices in the trading platform come directly from liquidity providers, which are large banks. They are accurate to the fifth decimal place, which allows AccentForex clients to make a profit even with minor changes in asset prices. The broker makes it possible to trade in volumes from 0.01 market lot, which is an advantage for traders with a small margin of free funds.
AccentForex has tried to make it as easy as possible for its clients to access Forex by providing the classic MetaTrader 4 platform. Traders can use a desktop version of the platform, as well as mobile applications for Android and iOS-operated devices.
Useful services offered by AccentForex:
-
Profitability calculator for investors. It provides for calculating the approximate level of profit from a PAMM manager’s trading for a period from 1 to 12 months;
-
Economic calendar. It is designed to track major financial news and indicators online;
-
Forex news. It is an overview of important economic and political events that may affect the value of currencies and other assets;
-
Forex analytics. This section provides forecasts for major currency pairs, cryptocurrencies, and metals based on technical analysis.
Advantages:
There are no requotes or minimal order execution delay;
Availability of accounts with floating and fixed spreads (from 0.1 pips and from 2 pips, respectively);
The easiest way to register a user account;
Providing analytical data on the markets and broadcasting important news and fundamental economic indicators;
Possibility of passive income by investing in trust accounts and by holding funds in the AccentForex wallet.
All traders registered with the broker have access to automated trading (placement of orders using trading robots and advisors), scalping, and high-speed strategies (High-Frequency Trading).
User Satisfaction