AccentForex Review

Alyaziah Hayat | May 20, 2022

AccentForex is an offshore forex trading broker that provides you with around 64 FX currency pairs available to trade online via the MetaTrader 4 platform. I like how the broker’s trading conditions are competitive and that they have a good range of account types and funding methods. Despite this, I found their regulation and educational materials to be lacking compared to many other brokers. You can compare their trading conditions to other top brokers through our broker ratings.

Broker Pros / Cons
  • MT4 platform for web, desktop & mobile devices
  • PAMM accounts
  • Various account types for different trader needs
  • Flexible payment options
  • Offshore regulation
  • No USA or UK clients allowed
  • Limited non-FX assets for trading
  • Lack of educational materials for beginners
  • Lack of additional trading tools

Summary

Founded in 2010, AccentForex is an online forex trading broker offering STP/NDD execution via the MetaTrader platforms. The company states that they were created with professional traders in mind and to satisfy the requirements of different clients. Some of the broker’s key features include:

  • Minimum deposits from $0
  • 0.1 minimum lot size
  • Spreads from 0.1 pips
  • Leverage from 1:1 to 1:500
  • Instant execution with minimal delay
  • No dealing desk (NDD) thus no dealer intervention
  • Intuitive MT4 platform
  • Around 64 FX currency pairs
  • 140+ financial instruments available
  • Scalping, hedging & HFT allowed
  • Simple account registration process
  • 24/5 customer support

Regulation

AccentForex is a forex broker located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC). I like the VFSC regulator as it controls the activities of market participants and ensures compliance with international standards, in particular, the provision of brokerage services by licensed companies. The regulator also helps to ensure transparency of work and confirms that only companies who meet certain standards can obtain the right to obtain a license for financial activities in the registrar’s jurisdiction. VFSC strictly follows the international legal regulation and adhere to all anti-money laundering laws. I appreciate this service as it prevents any fraudulent activity.

This regulation is not considered by many experts to be the same as regulations from other authorities such as the FCA, CySEC and ASIC. I recommend that you proceed with great caution when using an offshore regulated broker. I suggest checking out Oanda if you prefer to trade with a heavily regulated broker.

AccentForex do not offer brokerage services to residents of some jurisdictions, such as United States of America and the United Kingdom. If your country is not accepted by AccentForex, I recommend checking out our broker comparison tool for alternatives.

Platforms

AccentForex MT4 Trading Platform

AccentForex MT4 Trading Platform

MetaTrader 4 (MT4)

AccentForex provides the user friendly MT4 platform which is used by millions of traders around the globe. MT4 is well known for its intuitive interface making it a popular platform for beginner and experienced traders alike. I really like how MT4 has a large range of built in tools for conducting thorough market analysis. It also supports automated trading via expert advisors (EAs). The platform is available for desktop, web and mobile devices (iOS & Android).

The MT4 platform features include:

  • Real time bid/ask price quotes via the market watch window
  • Fully customisable intuitive interface
  • Technical indicators & drawing tools for analysing charts in detail
  • Multiple timeframes, chart types & order types
  • Automated trading with strategy tester to back test EAs
  • Price alert notification via SMS, email and platform pop-ups
  • Large online community to share tools & ideas with
  • Runs on desktop, web & mobile

Tools

This broker does not have any additional trading tools other than a basic economic calendar showing news releases. You will need to make do with the MT4 platform tools which are usually more than enough for the average retail trader. If you do require specific standalone tools then I recommend considering another forex broker like BlackBull Markets.

Economic Calendar

AccentForex Economic Calendar

AccentForex Economic Calendar

This section provides a timetable for the release of macroeconomic indicators for the week. I really like this calendar as it contains predictions with a marker of importance, previous and actual data, as well as a schedule of holidays and weekends. Accounting and comparison of macroeconomic data in order to identify their possible impact on the market is a prerequisite in the construction of a trading strategy.

Education

There is a very small amount of educational content scattered throughout the broker’s website. I would’ve liked to see a well-organised trader’s academy with trading guides and video tutorials. I believe it is of the utmost importance that beginner traders have as many educational materials as possible to help them understand how to trade online and manage risks. For a better variety of educational resources, you should check out Admirals.

Forex News

In this section, you can find current news from all financial sites of the world from reputable news agencies. However, I wish the broker was updating this section more often.

Forex Analysis

This section provides an overview of technical analysis for the most popular Forex and CFD trading tools. Publications contain a graphical and indicative analysis of price charts with a description for helping with making trading decisions. Again, this section is not frequently updated either.

Forex Terms

This section of the AccentForex website contains a list of commonly used forex trading terminologies along with explanations of each.

Markets

AccentForex broker allows you to trade around 64 forex currency pairs, as well as stocks, metals and CFDs within one trading account. There are around 140 trading instruments in total. I found their non-FX instruments to be quite limited as compared to other brokers like Saxo Bank who have thousands of tradeable assets on their platforms.

  • Forex
  • Stocks
  • Metals
  • Commodities
  • CFDs

Accounts

AccentForex minimum account deposit starts from just $50, leverage of up to 1:500 is available and spreads start from 0.1 pips. For accounts with higher leverage and lower minimum deposits, you should check out LMFX. You can choose between variable or fixed spreads. The following account types are available:

Micro Account

This type of account is designed for beginners who have decided to try forex trading but do not have significant financial resources yet. The micro trading account will allow you to work out your own trading strategies, as well as get used to trading forex using real trading accounts. The basic trading conditions to start trading on the forex market are available to traders that open a micro account.

  • Fixed spreads from 2 pips
  • The minimum deposit is $50
  • Maximum balance to $1,000
  • Minimum lot is 0.01
  • Maximum lot is 5
  • Adjustable leverage from 1:1 up to 1: 500
  • 20 FX currency pairs and CFDs

Mini Account

The mini account is a solution for the majority of traders who already have some experience trading the forex market. One of the main advantages for opening a mini trading account is the possibility of unlimited usage of the AccentForex trading tools.

  • Dynamic spreads from 0.5 pips
  • Minimum 0.1 lot in volume traded
  • Leverage to 1:200
  • Minimum deposit from $100
  • Maximum balance up to $10,000

STP Account

Among the most significant benefits of an STP trading account can be minimal requotes and tight spreads from 0.1 pips. This makes the STP account a popular choice for AccentForex clients.

  • Dynamic spreads from 0.1 pips
  • Commission from $5
  • Minimum deposit from $100
  • Maximum balance up to $10,000
  • Minimum 0.1 lot in volume traded
  • Leverage from 1:1 to 1:200
  • 60 FX currency pairs and CFDs

Profit Account

This trading account is designed for professional traders. This account comes with the widest range of trading tools, flexible conditions and dedicated client support.

  • Spreads from 0.5 pips
  • Minimum 1 lot in volume traded
  • Leverage to 1:100
  • Minimum deposit from $1,000

Demo Account

Demo accounts can be created for beginners or traders who wish to try out the different trading platforms and practice their trading strategies with $10,000 in virtual funds. I like the concept of demo accounts as they are a great opportunity to get valuable knowledge and skills.

Swap Free Accounts

AccentForex also has Swap-Free Accounts that allow those of you who have certain beliefs, to trade forex without violating religious rules. Swap-Free mode is available on all types of accounts, from a MICRO trading account, up to the STP trading account. You just need to send a request to transfer your open account into a Swap-Free account. However, you should know that upon choosing a swap-free account, you’ll be exposing yourself to higher spreads.

PAMM Accounts

AccentForex PAMM Accounts

AccentForex PAMM Accounts

AccentForex offer PAMM (percent allocation management module) accounts for money managers and investors. Professional traders can offer a PAMM account for other traders to invest in without needing to trade themselves. Each PAMM account is assigned a rating and has full statistical data for potential investors to review. You should know that past PAMM performance is by no means any guarantee of future performance and trading always carries a significant element of risk.

Support

The broker caters to each client’s individual needs with customer support on hand to answer any questions that you may have related to their trading services. Customer support is available 24/5 via email, telephone and online chat. I would’ve liked to see them offer support on weekends as well like other top brokers such as FP Markets.

Funding

AccentForex has a selection of convenient methods for depositing and withdrawing funds from your trading account. This includes Wire Transfer, Credit/Debit Cards, Neteller, Skrill, Perfect Money, Qiwi and Bitcoin. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. I would’ve liked to see them offer crypto fundings as well like other top brokers such as Hugo’s Way.

Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

You should know that some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. AccentForex strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your AccentForex trading account. I really like this feature as it prevents any fraudulent activity.

Accounts can be opened in EUR, USD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

AccentForex Account Deposit & Withdrawal

AccentForex Account Deposit & Withdrawal

Signup

AccentForex New Account Registration

AccentForex New Account Registration

If you would like to trade online with AccetForex, there is a short online application form to complete that can be accessed by clicking the “open account” link on the broker’s official website.

AccentForex strictly complies with laws and regulations to combat money laundering and terrorist financing. You must therefore verify your account using the following methods:

  • Proof of identity. Typically, this is a passport, ID, driver’s license or any other document that has a photo, name and surname of the client.
  • A document confirming the place of residence. This may be a utility bill / bank statement, etc. Prerequisite is the presence in the document name, surname and address of residence. It must be issued no later than 3 months ago.

Once your account has been verified, you will be able to fund it and commence trading online using the provided trading platforms.

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

AccentForex is primarily a forex trading broker with a few additional asset classes offered although limited when compared to other more established online brokers. I don’t like how they only have offshore regulation as this would be a red flag for some potential clients. They do have a variety of account types and funding options but educational materials and additional trading tools are limited as well. There are PAMM accounts and clients do get 24/5 support. Overall, I believe that this broker could improve in a few areas especially regulation. If AccentForex does not meet your trading needs, I recommend checking out the best trading platforms for alternatives.

AccentForex Logo

Min $50 Deposit

AccentForex is an offshore forex trading broker with around 64 FX currency pairs available to trade online via the MT4 platform. Whilst trading conditions are competitive, we found regulation & educational materials to be lacking.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Alyaziah Hayat
I had previously been forex trading for about 2 years and I now mainly focus on writing forex-related content. I also deal with cryptocurrencies and other financial assets in this industry. I've dealt with several brokers, assets, EA robots, and everything that this industry has to offer.

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