AccentForex Review Scam Complaint
AccentForex Review – An Introduction
AccentForex is an offshore forex and CFD trading company. It is owned and operated by Accent Markets Group inc. AccentForex is licensed as a dealer in securities by the Vanuatu Financial Services commission. Vanuatu is known as an offshore zone for brokers where the regime is rather lax for forex brokers. This broker is an unregulated broker who is registered offshore, therefore it is advisable to go through the complete review of the broker before making any investment with it.
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About the AccentForex:
AccentForex has entered the trading market in 2010 as a forex and CFD broker. It offers mainly four types of trading account excluding Islamic Swap free account option. These four types of lie trading accounts are, Micro, Mini, Profit and STP. The broker also offers its clients a free demo account with virtual amount of $10000. It offers all these accounts on MT4 platform as well as its own platform. The platform of AccentForex that it offers from its side will seem a bit confusing for new traders due to its diverse functionality, different types of statistic and a lot of reference material. You can create up to 5 accounts in your personal account, manage a bonus program, choose the optimum credit leverage, as well as generate applications for replenishment and withdrawal of funds.
Accent Forex pays interest on the client deposits in their trading account. In addition to this, it also offers several other type of bonuses. A bonus of 40% for each deposit of more than EUR/USD 100, but the total sum of bonuses cannot exceed EUR/USD 4000. There is also a 35% cash bonus which can be availed upon the opening of a trading account. But, the salty thing is both of these promotions are subject to other conditions as well. Moreover, the broker provides a very few options for depositing the funds and the most standard ones are bank transfer and debit/credit card, but there are also the electronic payment systems PayCo, Skrill and Ok Pay.
Is AccentForex legit or scam?
AccentForex seems to be a scam as there are various complaints by the users that they are not able to withdraw their earnings and the support system is not responding to their mails. It is an offshore broker and is unregulated, it targets markets of South East Asia and Russia along with European traders. The broker is not authorized to operate in any of these markets, so keep your money safe from them.