AccentForex review (2022) Review
AccentForex is a broker that belongs to Accent Markets Group. It declares itself as a young and dynamically developing company that provides high-quality services of professional online trading in international financial markets.
Despite the website launched only in 2019, the company was registered in 2010. In our review, we will try to reveal the activity of AccentForex.
Broker AccentForex offers to work with 64 currency pairs, indices, precious metals, stocks, commodities. The company’s spread size is 0.1 pip, the maximum leverage is 1:500 and the broker offers the most flexible policy of price splitting. The company gives the permission for scalping, guarantees automated protection from negative balance.
The broker uses a well-know platform MT4.
The controls on this platform will seem a little complicated to begin with for a beginner. Everything here is already designed for experienced users. But everything can be learned, just for a beginner it will take a little more time. The platform is based on the A-Book scheme. This system allows you to reduce trading risks and bypass unnecessary competition, allows you to increase the profitability. To start trading, you need to download and install the terminal on your computer.
AccentForex broker offers following account types:
- MICRO is focused on beginners. Minimum deposit here is 50 c.u., and lot size varies from 0.01 to 5. It is convenient because of the fixed spread starting from 2 points, and the cost of one tick per lot – $1. Floating leverage – from 1:1 to 1:500.
- MINI suits those who already have some trading experience and decide on optimal trading strategy: the minimum deposit is already 100 c.u., and the leverage is fixed: 1:200. The cost of 1 tick per lot is still $1, and the step of contract cost variation is 0.1 lot.
- PROFIT for professional traders who use a large set of financial instruments in trading. Min deposit 1000 c.u. with a leverage up to 1:100. Spread is already dynamic and averages 0.5-0.8 pips. There are CDF contracts with the step of 1 lot.
- STP, as the broker states, is an offer “for the most demanding”. Guarantees the absence of requotes (closing of transactions by the broker himself) and slippage (price changes from the moment of opening a transaction and its execution).
Each of the above trading accounts is available in SWAP Free format, that is, without charging SWAP (commission for transferring open order positions through the night). The user can become an investor, by trust management, providing his assets to the manager (in this case the currency is placed on the PAMM-account), or a PAMM-manager, trading and earning a commission on each transaction.
AccentForex demo account
The broker offers the Forex world beginners the opportunity to practice and gain skills necessary for trading in the downloadable terminal MetaTrader 4 (forex analytics). You simply install the software on your computer, open a free demo account and start trading. You can use the demo account for unlimited time, but only if the intervals between authorizations are not more than 14 days. Afterwards you can add funds to your demo account and trade with the same account without any functional limitations.
Deposit and withdrawal of earnings
Deposit and withdrawal of funds from the segregated account in AccentForex is available in the following ways:
- Internet banking – from a bank account or Visa/MasterCard.
- Electronic purses – QIWI.
- Payment systems – Neteller, Skrill, PerfectMoney.
Contacting a broker
The AccentForex Contacts section deserves special attention. Here you can see skype and e-mail addresses for such subdivisions of the firm:
- Customer and technical support, which work for traders 24 hours a day, 5 days a week;
- Department of working with partners;
- advertising department (marketing);
- finance and press department;
Working hours of the departments are from 9:00 to 21:00. There is also a live chat, a subsection of frequently asked questions.
Advantages and disadvantages of AccentForex
- Demo account
- Min depo – $50;
- Registration in Vanuatu
- A limited number of ways to deposit and withdraw money
Pros / Cons