Uncertain about Aceprimecap.com platform? Read Ace Prime Capital reviews to know about this forex broker and why it is not credible.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What Is Ace Prime Capital?
Ace Prime Capital otherwise known as Aceprimecap.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
What’s more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
Is Ace Prime Capital Regulation Claim Genuine?
First of, Ace Prime Capital claims to be regulated by different authorities such as the Malta Fianancial Services Authority (MFSA), BaFin in Germany, CONSOB in Italy, CNMV in Spain and the regulatory authorities in France and Denmark.
Next, Ace Prime Capital also claims to be headquartered in the U.S., to be incorporated in the UK and to be licensed by the Financial Services Commission (FSC) in Belize as well.
Keep in mind, to operate as a forex broker in the United States, a company must be registered as a futures commission merchant and foreign exchange dealer with the Commodity Futures Trading Commission (CFTC) and to be a member of the NFA. Sadly, this broker is not licensed in the State.
Truly, this appears convincing for a newbie traders. To clear the clear the suspicion, we diligently checked the registers of the above mentioned institutions, as well those of the Financial Conduct Authority (FCA) in the UK and the national Futures Association (NFA) in the U.S., but in vain no company or broker by the name of Ace Prime Capital was to be found there.
Furthering, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These drawbacks are for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Ace Prime Capital Minimum Deposit
Ace Prime Capital minimum deposit requires $300. In contrast, you should better stay with a legitimate broker that clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
According to the website description, the broker offers leverage capped 1:100.
As for the broker funding methods, Ace Prime Capital advertises payment methods like Neteller, Skrill, Bitcoin, Tether. There are a few reasons why scam brokers prefer to receive payments in crypto. One, transactions are irreversible and untraceable.
Another important thing, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Ace Prime Capital Trading Software
Ace Prime Capital claims to offer industry platforms, MetaTrader5. However, we were not able to confirm immediately.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Argument Against Ace Prime Capital Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Aceprimecap.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Verdicts:
Ace Prime Capital located at Aceprimecap.com appears like a genuine trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, this broker lacks one important indicator which is – it license. Following this, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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