AccentForex Forex Trade Platform and Broker Review

AccentForex Forex Trade Platform and Broker Review

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Accent Forex Broker Review

AccentForex is globally recognized as a Forex broker that gives traders access to Forex, CFD shares, futures, and precious metals on the MetaTrader 4 trading platform. 

AccentForex is a trading name of the Accent Markets Group Inc. that was founded in Vanuatu in 2010. Details about AccentForex’s employee numbers are scarce but it seems that the broker may have between 30 and 70 people employed.  

Is AccentForex Regulated?

Yes, AccentForex is licensed and regulated, through the Accent Markets Group Inc., but only by the Vanuatu Financial Services Commission (VFSC), which is not a Tier-1 or Tier-2 regulation authority, but one with low trust. VFSC does however vow to strictly follow the international legal regulation and adheres to all anti-money laundering laws.

Traders should be aware that regulation from the VFSC is not nearly as stringent as that by reputable bodies such as the FCA or CySEC, but the broker holds client money in segregated accounts and provides negative balance protection.

Is AccentForex Regulated in the United States?

No, AccentForex is not regulated anywhere in the United States. According to the official AccentForex website the broker does not offer Contracts for Difference to residents of the United States of America and the United Kingdom.

Is AccentForex Regulated in Europe?

No, AccentForex is only regulated by the VFSC and not by any authority like the FCA, ESMA, FINMA or even CySEC that may authorize brokers to operate in Europe. 

Is AccentForex regulated in a Tier-1 Jurisdiction?

According to the official AccentForex website, AccentForex is not regulated under Tier-1 jurisdiction. 

Tier-1 jurisdiction gives a broker authority to operate in specific countries, which consist of Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is AccentForex regulated in Tier-2 Jurisdiction?

According to official AccentForex sources, AccentForex is also not regulated under Tier-2 jurisdiction. Tier-2 jurisdiction gives brokers a license to operate in the following countries: British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in AccentForex?

AccentForex provides the popular MetaTrader 4 to traders. 

The AccentForex MT4 trading platform is packed with technical and fundamental analysis tools, as well as automated trading functions. Traders get real-time access to market liquidity, multiple order types, and comprehensive trade history with this platform and it is compatible with both Windows and macOS computers. MT4 by AccentForex offers a great all-around option for both novices and professionals.

Specific features of the AccentForex MT4 platform include the following:

  • 9-time frames
  • 29 tools for technical analysis
  • 18 objects for analysis
  • interactive online charts

Does AccentForex Have a News Blog for Forex News?

Yes, AccentForex publishes a Forex News section under general News on its official website. 

In this section, one can find current news from all financial sites of the world from reputable news agencies. Timely analysis of such information is necessary for better orientation and adjustment of a client’s trading plan. The news section of AccentForex is followed by Forex analysis, which provides an overview of technical analysis for the most popular Forex and CFD trading tools and contains a graphical and indicative analysis of price charts with a description for making trading decisions. 

Does AccentForex Have a Traders Dashboard?

No, AccentForex does not have a Traders Dashboard that gives traders an overview of current market events or updates on the latest news from the currency markets.

Does AccentForex Have an Educational Section?

Yes, AccentForex has an educational section for Forex Traders, albeit limited, and it is not clearly indicated as such on the official website. A number of articles are published under a tab called “For Beginners”. 

What is the content of AccentForex Forex Education?

AccentForex educational content comprises a few articles under the following headings:

  • What is forex – an explanation of what is meant by Forex, a concise history of the market, and how it works
  • A key term list that explains the meaning and use of most general forex terms
  • What is Forex analytics – an explanation why collection and analysis of information is such an important part of the trading process, the complexity of the system and approaches includes technical and fundamental types of analysis. The tools of fundamental analysis are also mentioned and explained.
  • Open a DEMO account – the last section recommends the opening of a demo account and gives reasons for opening one and tips on how to use a demo account.

A comprehensive FAQ section is however also published on the official AccentForex website.

Is AccentForex Legit?

Yes, AccentForex is a legit Forex broker and trade platform, although an offshore broker which is only registered and regulated by the Vanuatu Financial Services Commission (VFSC) does not offer as stringent as more reputable bodies such as the FCA or CySEC. The broker holds client money in segregated accounts, as well as providing negative balance protection though.

Is AccentForex Safe?

Being registered and licensed in Vanuatu, AccentForex does not appear to be a scam but traders should always exercise caution when deciding to deal with offshore brokers. The MetaTrader 4 platform itself is highly secure though, with encrypted data exchange and authentication options at login. The broker 

AccentForex says that it stores all its client funds in segregated accounts with top-tier banks but could be more transparent about transaction security through its website. 

Is AccentForex a Good Broker?

According to this Forex Suggest review, AccentForex offers certain benefits like generous leverage on four accounts, plus bonuses and demo contests, low minimum deposits, and a PAMM account that may be attractive for investors, but the lack of education and the general presentation of the website leaves some doubt about whether it really is a good broker.

In terms of security, AccentForex uses data encryption levels on Forex trading and a 2-step verification option. 

In terms of online support, AccentForex’s customer support team is available via live chat 24 hours a day 5 days a week, or via email. The broker doesn’t provide a telephone support line, but the support team is fairly responsive.

In terms of cryptocurrencies, clients cannot trade cryptocurrencies or as CFDs.

What is the Offering of Investment in AccentForex?

Offerings of AccentForex can be found below.

Feature AccentForex
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) No
Social Trading  No

Does AccentForex have Nasdaq?

Yes, AccentForex does offer traders CFDs trading on the Nasdaq 100 Stock Index. The Nasdaq exchange is the global electronic marketplace for buying and selling securities created by the National Association of Securities Dealers (NASD) and Nasdaq100 comprises the traded shares of the largest 100 companies by market capitalization on the exchange. 

What are the Awards of AccentForex?

No evidence can be found that Forex trading platform AccentForex has won any awards yet.

How to Use AccentForex for Forex trading?

To use AccentForex, a forex trader has to have an account with the broker. To open an account, a person needs to meet the following conditions: 

  1. Must be older than 18 years 
  2. Have digital copies of identification documents and proof of residence
  3. Be able to afford the minimum deposit of $50

If a Forex Trader meets these conditions, he can open a forex trading account with AccentForex. 

How to open a Forex trading account with AccentForex?

To open an AccentForex trading account, a person must follow the next steps:

  1. Click the ‘Open Account” tab on the website which will redirect you to the account registration page. 
  2. Fill out the ‘New account registration’ form with your name and surname, country of residence, and email. 
  3. Specify your nationality, date of birth, and mobile number.
  4. Set and confirm your password.
  5. Read and accept the ‘Customer maintenance rules’ and ‘Terms and definitions exhibited in the Trader Agreement’ and confirm that it suits your investment objectives.
  6. Confirm that you have read and understood the information concerning currency, CFD, and noble metal trading and risks involved, and the rules of clients’ order execution.
  7. Submit your request.
  8. Acceptance will be confirmed by email and after funding the new account, you can start trading.

What are the Forex Trader Account Types with AccentForex?

Forex trading platform AccentForex offers four different live account types, namely Micro, Mini, STP, and ProFit trading accounts, as well as a demo account and Islamic Account. Every Forex trading account type has different features and conditions as listed below. The broker also provides PAMM services.

  •       MICRO Account type

  1. Narrow fixed spread from 2 pips
  2. The minimum deposit is $ 50
  3. The maximum balance allowed is $ 1,000
  4. The minimum lot is 0.01
  5. The maximum lot is 5
  6. Adjustable leverage from 1:1 up to 1: 500
  7. 20 currency pairs and CFD to trade
  •       MINI account type:

  1. Dynamic spread from 0,5 pips
  2. The minimum lot is 0,1
  3. Leverage to 1:200 allowed
  4. The minimum deposit is $100
  5. The maximum balance is $10 000
  •       STP account type:

  1. Dynamic spread from 0.1 pips
  2. Minimum deposit from $100
  3. Maximum balance – to $10 000
  4. Minimum lot for trade 0,1
  5. Leverage from 1:1 to 1:200
  6. 60 currency pairs and CFD
  •       PROfit account type:

  • Spread from 0,5 pips
  • Minimum volume in trade – 1 lot
  • Leverage up to 1:100 allowed
  • The minimum deposit required is $1000
  • Demo Account

AccentForex recommends that all new traders should first open a demo account with the broker. A demo account will give them the opportunity to learn and experience the MetaTrader 4 trading platform and customize it for the most favorable conditions for the future. 

With the demo account, a trader can try his hand at Forex trading without financial risks, explore the possibilities of the trading terminal, test strategies and theoretical knowledge as well as achieve the necessary skills. The demo account’s functionality is the same as that of a live AccentForex account and not limited to providing quotes, charts, and trading tools. 

The only difference is that you cannot earn money on Forex by using a demo account, due to using virtual units to trade with.

  • Islamic Accounts

AccentForex offers swap-free (Islamic) accounts to traders who cannot use swaps due to religious beliefs.

All AccentForex’s account types (STP, Micro, Mini, and PROfit) are available with swap-free (Islamic) options.

All trading conditions (except swaps) remain unchanged.

Traders must register a new live account and after registration, send a request for opening a swap-free account to [email protected] 

  • PAMM Accounts

The PAMM service of AccentForex unites professional PAMM-managers and investors on the Forex market allowing them to earn more through joint efforts.

Features of AccentForex’s PAMM service are: 

  • An improved ideology 
  • Attracting investors from all over the world
  • A transparent system of investment and management

How to Withdraw Money from AccentForex?

The process to withdraw money from your AccentForex account comprises the following steps:

  • Log into your account to file a request for withdrawing funds.
  • Withdrawing funds to bank accounts is possible only after depositing money through a bank.
  • The AccentForex does not charge any commission on withdrawals, the commission might however be charged by the beneficiary’s bank.
  • The withdrawal will be processed within 5 business days by the company from the moment of accepting the request.
  • If no trading and investment transactions were performed, a withdrawal will be carried out as a refund.
  • In accordance with international laws on combating terrorist financing and money laundering, AccentForex does not accept payments from third parties and payments to third parties are not allowed.

How many days do deposits take with AccentForex?

Depositing funds into an AccentForex trading account usually takes 24 hours to reflect in the account. 

What are the costs and fees with AccentForex?

Trading fees are charged every time a trade is placed and include spreads, commissions, overnight and rollover fees, sometimes also currency conversion fees, if applicable. Non-trading fees make up the cost of using some brokers and include payment fees and inactivity fees.

Spreads describe the difference between the bid and the asking price and are presented in pips, while swaps are the fees or interest charged on positions held overnight.

Commissions can be charged on round trades and do not apply to all accounts. 

The Forex Trading Fees charged by AccentForex are listed below. 

MICRO Account type

  1. Fixed spread from 2 pips for EUR/USD.
  2. Micro account commission in USD: 0.001 (Size of 1 lot) (Equity market price)

MINI account type:

  1. Dynamic spread from 0,5 pips
  2. Commission in USD: 0.001 (Size of a lot) (Equity market price)

STP account type:

  1. Dynamic spread from 0.1 pips for major pairs such as EUR/GBP, 
  2. Forex commissions starting from $5 per lot.

PROfit account type:

  1. The typical spread on EUR/USD is 1 pip
  2. The minimum spread on EUR/USD is 0.4 pips 
  3. Commission (one-way) per 1 std. lot is $5

What are the Trading Fees with AccentForex?

AccentForex charges fees for both deposits and withdrawals, except if Bitcoin is used as a payment method. AccentForex has a loyalty program that compensates card fees to clients for deposits from 1000 USD / EUR. 

If a deposit is debited in a currency that differs from the currency entered on the payment form, currency conversion fees may be applied by the trader’s bank.

The broker does charge swap fees, which is interest accrued on positions held overnight. 

Muslim traders with swap-free accounts may avoid these fees, as interest is strictly prohibited by Sharia law. They will pay extra commissions though.

What is the minimum deposit in AccentForex?

The minimum deposit to open an account with AccentForex is $50, which is for the Micro Account. The Mini and STP accounts require a minimum deposit of $100 and the PROfit account $1 000.

What are the contract specifications in AccentForex? 

Feature AccentForex
Forex Trading Yes
CFDs 45+
Forex Pairs 60+
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 0
Social Trading  Yes

Does AccentForex have promotional offers?

Yes, AccentForex offers several bonuses, including a 40% bonus on each deposit over 100 EUR or USD up to $4 000, and a 35% cash bonus on accounts credited with at least 300 EUR or USD. In addition, loyal and active clients can receive an interest of 8% per annum if they trade at least 5 orders per month.

Does AccentForex have a welcome bonus?

No, AccentForex does not have a welcome bonus as such but offers several other bonuses, for example for deposits over 100 EUR or USD.

Does AccentForex have a deposit bonus?

Yes, AccentForex does offer a 40% bonus on each deposit of more than 100 EUR or USD, to a maximum of $4 000, as well as a 35% cash bonus on accounts credited with at least 300 EUR or USD. 

Is there a commission-free trade bonus in AccentForex?

No, AccentForex does not offer a commission-free trade bonus as such, but active clients can receive an interest of 8% per annum if they trade at least 5 orders per month.

Is there a VIP bonus in AccentForex?

No, AccentForex does not offer a VIP bonus as such, but VIP clients can benefit from any of the above bonuses as well as an enhanced trading environment and features that can boost their trading successes.  

Can you start trading with no money at AccentForex?

No, you cannot start trading at AccentForex with no money. If you do deposit money in excess of the minimum required, you may however benefit from a 40% bonus on a deposit of more than 100 EUR or USD.

How does leverage work with AccentForex?

Leverage is in fact funds which are borrowed from the broker that allow a trader to increase his trading position. 

AccentForex leverage ratios range from 1:1 to 1:500 depending on the account type you choose. This means high leverage rates are available to those who want to take large positions with less capital. This allows them to open larger positions. While leverage can amplify potential profits, it can also increase losses.

All the margin requirements are detailed in the account pages of the broker’s official website.

Where are the headquarters of AccentForex?

AccentForex is headquartered in Tana Russet Plaza, Kumul Highway, Port Villa, Efate, Vanuatu.

Who is AccentForex’s CEO?

There is no indication of who the current CEO of AccentForex is on any of the broker’s official pages. 

What are the social media accounts of AccentForex?

Traders can read more about AccentForex on the following social media account:

  • LinkedIn
  • Skype

How many employees do work for AccentForex?

AccentForex does not give a clear indication of its staff contingent on any official channels, but apparently has between 30 and 70 employees.

What are the opinions about AccentForex?

AccentForex is lauded by some reviews for benefits like its bonuses, demo contests, and PAMM accounts, but also criticized for the fact that it offers no cryptocurrency trading and its limited educational content. Traders’ reviews are however not very positive and the website itself is also criticized for not being easily navigable. 

What are AccentForex Contests?

AccentForex does run a contest. The broker offers a Master Scalper contest for demo accounts, with $1 000 awarded to the winner. 

AccentForex does not run trading contests for brokers who offer them to traders to profit on contest winnings. 

Does AccentForex have online support?

Yes, AccentForex has an online support team that is available 24 hours per day, 5 days per week, to assist Forex trade account users. 

The online support team can be contacted by clicking on the live chat button on AccentForex's official website, via Skype, or via email. Several email addresses for the different departments are published on the company’s official website.  

Does AccentForex offer demo accounts for Forex trading?

Yes, AccentForex offers a free demo account on all its account types for new traders. Any beginner traders interested in the workings of the Forex market will benefit from an AccentForex demo account. The account offers a great opportunity to get valuable knowledge and skills absolutely free.

A demo account can be opened with the following procedure:

  1. Navigate to the account registration portal on the broker’s website
  2. Complete the registration form with your personal information, such as your full name, email address, and contact details
  3. A confirmation email will be sent to your email address. Confirm the link in the email to access your new demo account. 
  4. Download the trading terminal and start learning.

Does AccentForex have a mobile app for Forex trading?

Yes, AccentForex offers its clients the opportunity to stay online everywhere and anytime by using their smartphones to trade without any restrictions. The MT4 mobile platform provides extremely comfortable trading options for their customers.

Traders can execute orders and carry out fundamental analysis with the available suite of indicators and drawing tools. They also get easy access to live prices in Market Watch, plus handy mobile preferences, including notifications and alerts.

Does AccentForex publish an economic calendar?

AccentForex does publish an economic calendar on its official website. The information shared this way is useful because it allows Forex traders to remain up to date on all relevant economic information that is scheduled to be released and may impact the currency markets. 

AccentForex’s economic calendar provides information on financial events, forecasts, and historical data.

What is the communication information of AccentForex?

AccentForex publishes its registered address as T19, 1st floor, Tana Russet Plaza, Kumul Highway, Port Villa, Efate, Vanuatu.

Other contact details published include the following:

Clients Support –  

Skype: AccentForex Support

e-mail:  [email protected]

Introducers support – 

Skype: partners accent forex

e-mail: [email protected]

Technical support – 

e-mail: [email protected]

Accounting Department – 

e-mail: [email protected]

Sales and Marketing – 

e-mail: [email protected]

Department of Press – 

e-mail: [email protected]

Operational back office – 

e-mail: [email protected]