Review of the financial broker AccentForex: shadow of dishonesty
Firm Butenix Capital Ltd, of which broker AccentForex is a part, used to dominate the financial market of the CIS countries. However, over time, its reputation has been tarnished. On our website accentforex.com, we will explore the main problems of this broker that could significantly hinder traders’ lives. We will also look into clients’ complaints about the company’s fraudulent behavior.
Broker’s perspective: brief overview of capabilities
Company AccentForex, part of Accent Markets Group, oversees trading operations across various markets. It offers over 60 currency pairs and CFD contracts. Users have access to five account types with diverse conditions.
It’s important to note that the broker only provides the desktop version of MetaTrader 4 for trading. There is no mobile version or app, which is a significant drawback.
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The company offers an interesting rewards and contests system, as well as unlimited demo accounts and PAMM accounts. Trading sessions are only available on weekdays and have limited hours from 16:30 to 23:00. Withdrawals can only be made through the same system used for deposits.
Dishonesty on the surface
The accentforex.com website is only available in four languages, indicating its limited scope. The broker doesn’t provide adequate conditions for traders in global markets. Language adaptation and a wider language selection for client support are necessary.
We draw your attention to the restricted access to important sections of the site for multilingual users.
User agreement:
The emphasis on full access to a trader’s finances raises questions about security. The requirement for providing personal data and documents for identification, as well as the disclaimer in various situations, raises doubts about the broker’s reliability.
Licensing and regulation
Accent Markets Group is regulated by the Vanuatu Financial Services Commission. However, this regulator doesn’t always inspire trust. It’s possible that the company uses offshore entities for undisclosed business activities.
It’s also worth noting the discussed issues with the regulator and exploring forums for more detailed information.
User reviews on AccentForex’s fraudulent activities
The internet is filled with reviews and testimonials confirming the broker’s questionable actions. Issues with fund withdrawals and inadequate support are major stumbling blocks for traders.
Tips and reviews from other forex brokers to avoid fraud.
