What real assessment does AccentForex deserve: review of conditions, reviews

Attention! Fraud company!

Leave a request for a refund from a scammer.

Most fraudulent brokers turn out to be fly-by-night. They disappear from sight immediately when an abundance of negative reviews appears. After this, the scammers simply “rebrand” and begin to rob people under a new name. However, this is not always the case.

Some hardened scammers manage to deceive people for years. And even a damaged reputation does not become an obstacle. A striking example is AccentForex. A few years ago, he was accused of scam and draining deposits, but he still continues to offer services and positions himself as the best broker.

Regulation and license: review of legal documents of AccentForex

According to legend, the broker is managed by Butenix Capital Ltd, which is part of the Accent Markets Group holding company. The official website of the intermediary states that he conducts licensed activities and offers trading in Forex base currencies, as well as CFDs on completely legal grounds.

We checked the age of the accentforex.com domain using whois and found out that the broker has actually been working on the market for more than 10 years:

But the extent to which he provides his services legally is a big question. Firstly, offshore registration is not in favor of AccentForex. Vanuatu is one of the favorite places to register financial scammers who want to conduct shady business. Secondly, the Vanuatu Financial Services Commission (VFSC) is listed as the regulator. Judging by the reviews on thematic forums, you can buy a “license” here for mere pennies.

Now the most interesting thing: the link provided by AccentForex to check the document on the website of the supervisory authority is simply not working (it gives a 404 error). The document has expired. We decided to double-check this manually: license No. 17926 is not in the regulator’s database. It turns out that AccentForex is engaged in brokerage services illegally. This charaga cannot be trusted, since it can cheat you out of money at any time and will remain unpunished. Based on reviews, this is what the offshore office does.

Trading conditions "AccentForex"

For trading, AccentForex suggests using desktop MT4. This is an outdated version of the terminal, which does not have the best reviews. Many users are sure that the software is manipulated; scammers often use it to drain other people’s deposits.

There is a demo account on the site, but in the responses traders write that it is only needed for bait. As long as trading is carried out using candy wrappers, it is profitable. And as soon as the user switches to a real account, problems begin - orders do not work, due to slippage, deposits are almost instantly drained. The minimum loss in the project is 50 USD/EUR, and the maximum can be tens of thousands of dollars.

There are several trading accounts:

• "MICRO". Starting deposit – from 50 USD/EUR. Features: spreads from 2 pips, leverage from 1x to 500x, position volume - from 0.01 to 5. Trading with advisors is allowed. Margin call/stopout level – 60%/50%;
• "MINI". The minimum replenishment is from $100/€100. The account provides a spread of 0.5 points, leverage 1:200, minimum lot is 0.1;
• "PROFIT". To open an account you need from $1000/€1000. Traders are promised a spread from 0.5 pips, leverage up to 1:100, minimum lot - 1. Trading with advisors is allowed, giving orders by phone;

• "STP" To become the owner of such an account, you must top up your deposit account with at least 100 dollars/euro. Traders are offered trading with variable leverage from 1:1 to 1:200, spreads from 0.1 pips. There is the possibility of scalping and trading with advisors;
• "SWAP Free". All account types are available as swap-free.

The trading conditions themselves are not bad, but the broker does not fulfill his obligations and aims to quickly drain other people’s funds into his own pocket.

Trader reviews

There were no problems finding reviews about AccentForex. Thematic forums are full of them, and virtually all the responses are negative:

What kind of divorce scheme does AccentForex use?

The hero of our review promises comfortable trading and all the conditions for making a profit. However, in reality everything turns out differently: stop losses do not work, and slippages often occur in the terminal’s operation. Users lose large sums, but they cannot prove the broker’s fraud! Even if you manage to save at least some pennies in your account, you won’t be able to withdraw them. An unscrupulous intermediary will accuse you of violating the rules and simply block your account. Judging by the reviews, there are a lot of such cases.

Let's summarize the AccentForex review

AccentForex is an old fox who knows how to rob traders with impunity. “If you're not caught, you're not a thief” is the main principle of the work of experienced swindlers. Offshore sharaga operates with an expired license, which today is not worth a damn.