Accent Forex Review
Accent Forex Review
Accent Forex has four types of live trading accounts: Micro, Mini, Profit and STP. There is also an Islamic swap-free option for all four types, as well as a free demo account with virtual $10 000.
The broker also has a PAMM money management service and gives an 8% per annum interest on the account balance for active traders and 2% for the inactive. The interest is calculated on a monthly basis.
The broker offers trading on forex and CFDs, with the size of the trading portfolio depending on the type of live account.
The Company. Security of Funds
Company Country Regulation
ACCENTFOREX.COM UK No
Accent Forex has been around for several years, does not provide much information about itself, except an address in London and an office in Indonesia. It is not regulated by UK’s FCA or any other regulator, for that matter. This should serve as a warning for a potential risk, as the unsupervised brokers are not required to abide by any rules and regulations. Their clients are left at their good will and honesty, which sometimes lack and many people lose their money.
Judging by client comments on trader forums, Accent Forex seems to be a fairly decent and reliable broker, despite being unregulated.
The fact that a broker is unregulated does not necessarily mean it is a scam, but it is always advisable to do business with regulated brokers – by FCA, for example.
Accent Forex offers the most popular trading platform these days – MetaTrader 4 (MT4). The platform has been around for 10 years and enjoys is preferred by brokers and traders alike.
MT4 has many functionalities and charting and technical analysis tools. It supports autotrading, Expert Advisories and is user-friendly and stable. The platform also lets users devise and implement own trading strategies and allows hedging.
In addition to the interest Accent Forex pays on client deposits, it offers several types of other bonuses. One is a 40% bonus for each deposit of more than $/€100, but the total sum of bonuses cannot exceed $/€4000. There is also a 35% cash bonus upon opening of a trading account. Both promotions are subject to other conditions as well.
Methods of payment
Accent Forex provides quite a few options for depositing funds. The most standard are bank transfer and debit/credit card, but there are also the electronic payment systems Skrill, PayCo and Ok Pay.
Accent Forex has been in the business for several years and comes off as a decent broker with average trading conditions, despite being unregulated. It seems that its main target markets are in South East Asia and maybe Russia.
Accent Forex Review Conclusion
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