Acetop review (2022) Review
Acetop Financial Limited was shaped in 2016 and is allowable and controlled by the Financial Conduct Authority (FCA). They’re based mostly in London and provide forex, CFD and spread betting services. Acetop has the vision to be recognized across the trade world as a trusty supplier of trading items maintained with a unique commitment to providing excellent service. During this review, we’ll be looking at totally different aspects of what Acetop provides to determine if they’ll live up to their visions then you will decide if they’re the proper broker for you.
Account types
AceTop forex broker offers 2 types of trading accounts, each of them is totally different from one another. You can trade with CFD, indices and commodities.
Spead Bet account: this type of account is used among the United Kingdom to assist avoid paying tax, this account is classed by the United Kingdom government as gambling and then you don’t need any capital gains tax being paid. The account will use MetaTrader4 as a trading platform. Your result will be calculated based on the number of pips/points the price has changed, multiplied by the stake amount.
CFD Account: The CFD is account is a lot of like what you will see at several alternative brokers, this account conjointly uses MetaTrader four as its trading platform. Unlike spread betting, taxes are usually due. The minimum initial deposit is GBP100/EUR150/USD150 and the base currency of the account can be GBP, EUR, and USD. Trading amount is measured in lots and the minimum trade size is 0.01 lots, while the maximum trade size is 50 lots.
Trading platforms
Both accounts with Acetop use a similar commercial platform, there’s only one accessible which is MetaTrader 4.
MetaTrader four (MT4) is one most well-liked trading platforms and it is worth to be used. Being created in 2005 by MetaQuotes software system, it has been around a brief time, it’s stable customizable, and full of options to help alongside your trade and analysis. MT4 is compatible with plenty of varied indicators, knowledgeable advisors, signal suppliers, and more. A lot of customers use MT4 for their interactive charts, multiple timeframes, one-click trade, trade repeating, and more. In terms of accessibility, MT4 is second to none, accessible as a desktop version, on Android and iOS devices, and as a WebTrader wherever you will trade from your web browser. MT4 could also be an excellent trade resolution to possess.
Trading instruments
Acetop does not offer an enormous vary of product, they are grouped into 3 totally different classes, Forex, Commodities, and Indices. The web site states that trader has 50+ forex pairs as well as EUR/USD, EUR/NOK, NZD/JPY, and AUD/USD. Four totally different commodities accessible, among them Gold, Silver, US WTI Oil, and Britain Brent Oil. Finally, there are 10 indices including UK 100, US Dollar Index, Germany 30 and US Tech 100.
Demo Account
The AceTop demo accounts are available on each of the account types, the demo accounts can mimic the trading conditions of the account that you simply square measure exploitation, there isn’t any data with reference to however long they last, as some brokers permit them without any timeframe whereas others provide this service for thirty days before they expire.
Deposit and withdrawal ways and prices
The following ways are accessible to deposit with Acetop: Bank Wire Transfer, MasterCard Debit / Credit, Visa Debit / Credit, UnionPay, and Skrill. There aren’t any further fees for depositing, and Acetop can cowl any fees that the processors could add.
The same ways are available to withdraw as they are to deposit. It’s necessary to notice that the processor that you simply use could add fees of their own, thus make certain to see with them before creating any deposits or withdrawals.
Advantages and disadvantages of AceTop
Advantages of AceTop
- commissioned by the FCA
- MT4 accessible
- smart spreads
Disadvantages of AceTop
- has an offshore entity
Pros / Cons
Our Score
Acetop Financial Limited is allowable and controlled by FCA. They're based mostly in London and provide forex, CFD and spread betting services.