Information
Trade Forex Review: AccentForex
Founded in 2010, headquartered in Vanuatu, and serving clients globally
Regulatory Oversight
AccentForex, operating under the official name Butenix Capital Ltd., is an offshore Forex and CFD broker established in 2010. It falls under the regulatory purview of the Vanuatu Financial Services Commission (VFSC). However, it’s essential to note that the VFSC is considered a relatively weak regulatory body in the financial industry. This implies that the broker may not be subject to stringent regulations regarding the segregation of client funds and compensation schemes in case of bankruptcy or closure. Despite this, AccentForex offers some notable advantages, such as exceptionally high leverage of up to 1:500 and a straightforward registration process.
Account Types Offered
AccentForex caters to a diverse range of traders by offering several types of trading accounts:
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Micro Account: Designed for beginners, with a minimum deposit requirement of just $50 and a high leverage of 1:500. However, it features relatively wide fixed spreads, starting at 2 points.
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Mini Account: Requires a minimum deposit of $100, offers a leverage of 1:200, and features floating spreads as low as 0.5 points.
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PROfit Account: Geared towards more experienced traders with a minimum deposit of $1000, a leverage of 1:100, and floating spreads of 0.5 points. This account type also supports trading by phone.
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STP Account: Requires a minimum deposit of $100, offers a leverage of 1:200, narrow spreads as low as 0.1 points, and features a small commission. Recommended for scalping and trading with Expert Advisors.
Additionally, AccentForex provides Swap-free accounts tailored to accommodate the needs of Muslim traders. The broker also offers a PAMM (Percentage Allocation Management Module) account service, allowing experienced traders to attract investors and earn additional profits through commissions. Simultaneously, investors can generate passive income without requiring prior Forex trading experience.
Trading Platforms
AccentForex provides traders with the popular MetaTrader 4 (MT4) desktop platform, known for its versatility and comprehensive set of trading tools.
Trading Instruments
The broker offers a wide selection of currency pairs, including over 60 pairs for traders to choose from. Additionally, AccentForex provides a range of other trading instruments, such as CFDs on stock indices, gold, silver, and CFDs on shares from approximately 30 American companies.
Minimum Deposit
Traders can get started with AccentForex by depositing a minimum of $50. The broker offers various methods for depositing and withdrawing funds, including bank transfers, Visa/MasterCard cards, Skrill, Neteller e-wallets, and BTC replenishment.
Bonuses and Contests
AccentForex offers a 40% deposit bonus for both new and existing clients who deposit at least $100. While the bonus itself cannot be withdrawn, any profits made using the bonus funds are withdrawable. The broker also regularly hosts contests with cash prizes.
Passive Income Opportunities
Active clients of the broker have the chance to earn additional passive income, with an 8% annual interest rate applied to their deposit balances. Inactive clients also benefit from a 2% annual interest rate on their deposit balances. Importantly, all accrued funds are available for withdrawal without any restrictions.
Conclusion
AccentForex, established in 2010 and based in Vanuatu and Indonesia, is an offshore Forex broker. While it operates under the regulation of the VFSC, which is considered a relatively weak regulatory body, it offers several advantages such as a straightforward account registration process and high leverage of up to 1:500.
Before choosing any broker, it’s crucial to conduct thorough research and consider reading reviews of AccentForex, as well as consulting our Forex broker rating.
General Information about AccentForex
- Broker’s Name: AccentForex
- Year of Foundation: 2010
- Headquarters: Vanuatu
- Regulation: VFSC (Vanuatu Financial Services Commission)
- Trading Platforms: MT4 (MetaTrader 4)
- EURUSD Spread: 0.5 pips
- Demo Account: Available
- Minimum Deposit: $50
- Base Currencies: USD, EUR
- Maximum Leverage: 1:500
- Assets: Currency pairs, stocks, indices, metals
- Deposit Replenishment: Bank Transfer, Visa/MasterCard, Skrill, Neteller, BTC
- Withdrawal Fee: Varies
- Payment for Inaction: Available
- Islamic Accounts: Supported
- Segregated Accounts: Offered
- PAMM Accounts: Available
- Partner Account: Offered
- Scalping: Permitted
- Automatic Trading: Supported
- Mobile Trading: Supported
- Web Terminal: Not available
- Social Trading: Not available
- Signals: Not available
- VPS: Not available
- Deposit Bonuses: Offered
- Contests: Held regularly
- Customer Support: Available 24/5
