AccentForex is a forex broker located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).
AccentForex accepts clients from all over the world, excluding USA and some jurisdictions where restrictions apply.
Forex broker offers the following underlying assets for trading.
|60+ Currency Pairs||Based on major and minor world currencies.|
|8 Indice Futures||Based on baskets of different blue-chip stocks.|
|2 Metal Spot CFDs||Based on Gold and Silver.|
|2 Energy Futures||Based on Crude Oil (WTI) and Natural Gas.|
|3 Soft Futures||Based on Wheat, Corn, Soybean.|
|30+ Stock CFDs||Based on shares of US companies.|
AccentForex is a relatively new forex & CFD broker set up in the offshore jurisdiction of Vanuatu in 2017 under the official name Butenix Capital Ltd., which is owned by Accent Markets Group Inc. The broker today maintains offices in the UK, Indonesia, and Port Vila, the capital of Vanuatu, and serves clients globally.
The broker’s website is available in English, Russian, Indonesian, and Malay. Unfortunately, the English version of the website suffers from bad English and somewhat confusing instructions on many aspects related to trading with AccentForex.
Although the broker is regulated by the Vanuatu Financial Services Commission, it is worth bearing in mind that this is a very lax regulator. This means that there are few requirements pertaining to things like segregation of client funds and compensation schemes in the event the broker shuts down or goes into liquidation. Despite this, an offshore-based forex broker like AccentForex also offers certain benefits to traders such as higher trading leverage and a quick and hassle-free registration process.
AccentForex is currently offering a 40% deposit bonus for both new account openings and existing customers who top up their accounts with a minimum of $100. Although the bonus can be traded with, and any profits made are withdrawable, the bonus amount itself cannot be withdrawn from the trading account.
AccentForex has a pretty strong line-up of currency pairs, with more than 60 such pairs available for traders. In terms of other trading instruments, the selection is average with a few stock index CFDs, gold, silver, and a few other commodities, as well as CFDs based on stocks of about 30 US companies.
The account types offered by AccentForex range includes Micro, Mini, PROfit, STP, and Swap-free accounts designed for Muslim traders. Among these, the Micro account is the most suitable option for beginners, with a minimum deposit requirement of just $50, but rather wide fixed spreads starting from 2 pips on popular forex pairs.
A better option for traders who have a bit more money to trade with would be the Mini account that comes with a minimum deposit of $100 and spreads starting from 0.5 pips. For the more sophisticated traders out there, the STP (straight-through processing) account may represent the most appealing offer, with spreads starting from just 0.1 pips on the most liquid trading pairs.
When it comes to trading platforms, there is only one way to go with AccentForex, and that is the classic desktop-based MetaTrader 4 (MT4) platform. However, we would also like to see the broker provide some information and instructions on how to use the platform, as many other brokers have chosen to do. This also includes things like software add-ons and information about virtual private servers (VPS) for traders who need to run automated trading strategies. Currently, no such information is available from the broker’s website.
As usual with online brokers, there are a variety of methods available to make deposits and withdrawals to and from the trading account. For AccentForex, this includes SWIFT bank transfers, Visa & MasterCard, and Bitcoin transfers. Among these, Bitcoin is the only option that is accepted free of charge by the broker, while also offering very fast transaction times.
Customer support is available via both email and a UK phone number, and is open 24 hours a day, 5 days per week. In addition to the international client support offered in English, AccentForex also has localized customer service in Indonesia available via email.