Ace

Ahmed Harb

1-2 years

Is Ace a safe and legitimate choice for trading?

WikiFX Reply

While Ace has been around for a long time since 1997, its unregulated status raises significant concerns about its legitimacy. Ace trading without any regulatory oversight exposes me to greater risk. A regulated broker gives traders peace of mind that their funds are protected and that the broker adheres to ethical standards. Since Ace lacks regulation, there’s no external authority to hold it accountable if anything goes wrong. This makes me question whether Ace is a legitimate choice for trading, especially if I want to ensure the safety of my ace forex funds.

Broker Issues

Ace

Regulation

06-25

United States

Sam35

1-2 years

What are the advantages and drawbacks of Ace in terms of regulation?

WikiFX Reply

The long history of Ace, operating since 1997, could be seen as a positive, suggesting that it has experience in the market. Furthermore, Ace offers access to stocks, commodities, and agriculture markets, which might appeal to traders who are focused on these sectors. However, the unregulated status is a major drawback. For me, it’s crucial to trade with a regulated broker to ensure the protection of my funds and fair treatment. Without such oversight, Ace leaves me exposed to unnecessary risks.

Broker Issues

Ace

Regulation

04-29

United States

Дмитрий

1-2 years

Does Ace have any cons?

WikiFX Reply

Ace’s unregulated status is its most significant con. Without regulation, there’s no external body ensuring that Ace follows industry standards or provides proper protection for traders. This increases the risks involved in ace forex trading and makes it more difficult for me to trust the platform. Additionally, the lack of transparency on trading conditions, such as spreads, fees, and leverage, makes me unsure whether I would get fair trading terms with Ace.

Broker Issues

Ace

Regulation

04-22

United States

WoodCrusher

1-2 years

What trading instruments are available on Ace?

WikiFX Reply

Ace offers a limited selection of trading instruments, focusing mainly on stocks, commodities, and agriculture. While this could be appealing for those interested in these specific markets, it lacks other popular instruments like forex, cryptocurrencies, or indices. As a trader who prefers to trade across a broad range of assets, I find Ace’s offerings a bit narrow. However, if you specialize in metals or agriculture, Ace might still be a good fit.

Broker Issues

Ace

Account

Platform

Instruments

Leverage

03-10

United States