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Accent Forex Review 2024

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3.2

TABLE OF CONTENTS

General Information

Broker name

AccentForex

Broker type

Forex and CFD’s

Country

Vanuatu

Operating since year

2010

Regulation

VFSC

Broker status

Active

Customer Service

Phone

+678 23 043

Email

support@accentforex.com

Languages

English

Availability

24/5

Trading

The trading platforms

MT4

Demo account

Yes

Mobile trading

Yes

The trading platforms

MT4

Bonuses

Yes

Other trading instruments

Yes

Account

Minimum deposit (€)

50

Spread

Mid

Scalping allowed:

Yes

Maximal leverage

1:500

TABLE OF CONTENTS

AccentForex Home Page

“In conclusion, AccentForex emerges as a regulated and experienced broker, boasting a full MT4 license and offering comprehensive system services along with attentive technical support. With its extensive range of financial instruments, albeit excluding cryptocurrencies, it presents itself as a reliable option for traders seeking a robust trading platform backed by regulatory compliance and ongoing assistance.”

AccentForex Account Types

The platform boasts few types of accounts, catering to traders with different experience levels. Whether you are a beginner or an experienced trader, you can find the account type that suits your needs. Let’s take a look at them:

Register for Account

Simply sign up online for a AccentForex account.

Verify Your Account

Upload the required documents to verify your identity.

Make a Secure Deposit

Fund your account using Accent Forex's flexible payment options.

You’re Ready to Trade

Connect to your trading account and start investing in global markets.

Customer Service

This broker offers excellent customer service, available anytime, anywhere. Besides live chat, you can also reach them via:

Mobile App

For mobile traders, the MT4 iOS and Android app stands out as a swift and dependable gateway to the markets, accessible from any location. Traders benefit from the ability to execute orders seamlessly and conduct fundamental analysis using a suite of indicators and drawing tools conveniently provided within the app. Moreover, the app offers easy access to live prices through Market Watch, along with practical mobile preferences such as notifications and alerts, ensuring traders stay informed and engaged while on the move.

Payment Methods

Traders can fund their accounts in USD or EUR through various methods, including bank transfer, Visa/MasterCard, Skrill, Neteller, or Bitcoin, although availability may vary by country. Deposits are processed within 5 minutes, while withdrawals typically take up to 24 hours, with wire transfers possibly extending to 5 days. The minimum deposit requirement at AccentForex is $50. Fees apply to deposits and withdrawals, except for Bitcoin transactions, which are free. Card deposits exceeding 1,000 EUR or USD are reimbursed under the broker’s loyalty program.

Demo Account Review

Newcomers can access a demo account with $10,000 in virtual funds for free. This feature enables users to practice simulated trades and familiarize themselves with the trading platform before transitioning to a live account. Demo accounts at AccentForex remain active indefinitely, provided there is activity every 14 days.

Bonuses & Promos

AccentForex offers various bonus incentives, such as a 40% bonus on deposits over 100 EUR or USD up to $4,000, and a 35% cash bonus on accounts funded with at least 300 EUR or USD. The broker also hosts a Master Scalper contest for demo accounts, awarding $1,000 to the winner. Additionally, loyal clients who trade at least 5 orders per month can earn 8% per annum in interest.

AccentForex Licensing

Accent Markets Group Inc. is regulated by the Vanuatu Financial Services Commission (VFSC) under license number 17926. The broker safeguards client funds in segregated accounts and offers negative balance protection. However, traders should note that regulatory oversight from the VFSC may not be as stringent as that of renowned bodies like the FCA or CySEC.

Additional Features

AccentForex provides limited educational resources, with basic forex fundamentals, technical analysis, news updates, and an economic calendar. While functional, traders may find more extensive educational materials elsewhere. Improvements in this area would enhance the broker’s offerings.

AccentForex-economic-calendar

Trading Accounts

AccentForex provides four main account types alongside Islamic swap-free accounts and PAMM accounts for investors. The Micro account caters to beginners transitioning from demo accounts, offering access to 20 currency pairs and CFDs. The STP account appeals to active traders with tighter spreads and no requotes, requiring a minimum deposit of $100.

  • Micro: Minimum deposit $50, fixed spreads from 2 pips, leverage up to 1:500
  • Mini: Minimum deposit $100, variable spreads from 0.5 points, leverage up to 1:200
  • PROfit: Minimum deposit $1,000, variable spreads from 0.5 points, leverage up to 1:100
  • STP: Minimum deposit $100, variable spreads from 0.1 points, leverage up to 1:200

PAMM accounts allow users to replicate the positions and signals of successful traders, with AccentForex offering PAMM ratings for performance evaluation.

Benefits

This review highlights several positive aspects of AccentForex:

  • Bonuses and demo contests
  • Low minimum deposit of $50
  • Availability of PAMM accounts

Drawbacks

Areas where AccentForex could improve include:

  • Regulatory jurisdiction offshore
  • Lack of cryptocurrency trading
  • Limited educational resources
  • Non-acceptance of UK and US clients

Trading Hours

Currency pairs are tradable from 00:00 Monday to 23:00 Friday (UTC+2), with specific market times available within the MT4 platform. Certain instruments may have trading breaks.

Customer Support

AccentForex offers customer support via live chat 24/5 or email at support@accentforexmail.com. However, the absence of telephone support may disappoint some users. The support team’s responsiveness and helpfulness were satisfactory during testing.

Security

While the MetaTrader 4 platform ensures high security with encrypted data exchange and authentication options, AccentForex could improve transparency regarding transaction security on its website.

AccentForex Verdict

AccentForex provides generous leverage across its account types, alongside bonuses and demo contests, with minimum deposits starting at $50. However, trading and funding fees apply. The availability of PAMM accounts may appeal to investors, but enhancements to educational resources and website presentation are warranted.

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