Is ACFX Scam or Legit Broker?

It is not safe to trade with ACFX, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

About ACFX
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is ACFX safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is ACFX?

ACFX is a trade name of AtlasCapital Financial Services, which is also a member of Atlas Group, one of the largest business conglomerates in South Eastern Europe for the last 20 years. The group operates in the fields of financial services, banking, insurance, real estate, and more. The company was also authorized by the Cyprus CySEC to provide its services within the EU along with registrations with FCA and other reputable authorities.

  • The broker delivers a vast number of trading opportunities to their clients while claiming to offer unbeatable market conditions with Spreads from 0 pips (see 0 spread brokers), as well as world-class international compliance with client protection. However, there were numerous complaints and acts against the company waved by the ACFX traders or investors that claimed issues with withdrawals, settling of obligations towards customers, and finally found themselves an excuse of short on client funds. 
  • For that reason and other issues, CySEC suspended the license of ACFX back in April 2016 and identified the nonlegal status of the firm due to its lack of necessary safeguard procedures for client assets. Yet, the company still claims on its website its respected status of authorization. (view the CySEC announcement)

    “The Cyprus Investment Firm ‘Atlas Capital Financial Services Ltd’ as there are suspicions of an alleged violation of the Law Sections, due to the Company’s possible non compliance at all times with the authorization and operating conditions”

ACFX Review

ACFX Review Conclusion

It is not safe to trade with ACFX, the traders should avoid any contact with the firm by any means since the risk is in the highest position. There are many well-established and regulated CySEC companies that do follow the strictest rules for the clients’ protection and maintenance of a reliable trading environment, so you can check our listing and choose the best suitable one. 

  • Overall ranking and experience for ACFX is Negative

ACFX Update

We found the ACFX website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.

No news available.

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