is acefxpro genuine or not? https://acefxpro.com/
I want to find out acefxpro broker is genuine or not
AceFxPro is a trading name of Ace Global Limited, Registered by the Financial Services Authority (FSA) of ST. is a typical offshore-based and offshore-registered broker that we usually advise to avoid unless there is a regulation of a more reputable authority involved.
An offshore status of the company does not guarantee the provision of services at the necessary level of client and funds protection. For that reason, we would advise choosing the broker more carefully and check on at the first step broker’s regulation status. The reputable firms that hold FCA, FINMA or other licenses are established in accordance to the international standards, protecting clients at every step and even compensate the trader in case if the things go wrong with the company. So of course, we always advise only regulated firms to trade with, as the market trading business with its decentralized nature, unfortunately, attracts many scammers, and the trader should carefully check where to invest money and trade.
The fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements to the company operation. That means, the broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders. Therefore, it became an offshore zone for shady forex brokers such as CVC Markets, AAG Markets and more. Read more about St. Vincent and the Grenadines regulation by the link.