Note: ACB's official website: https://acbservice.com/ is currently inaccessible normally.
ACB Information
ACB INTERNATIONAL LTD, with its domain registered in 2015, is now not maintaining valid website. It claims to be a brokerage company in the UK, but actually offshore operated in the Marshall Islands. It business scope mainly focuses on forex, CFDs on precious metals such as glod, silver, as well asl some stocks.
You have access to a demo account for practicing before trading and a single live account for actual tradings. It supports the popular MT5 trading platfform. However, the current unavailable website, along with the absence of regulation, leaving us uncertain about its operations status and compliance to financial and legal standards.
Is ACB Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
Downsides of ACB
Unavailable website: ACB's website cannot be opened currently.
Regulatory concerns: The company operates without any regulations, meanig that it does not comply to rules from any regulatory authorities. This heightens trading risks with them.
Offshore operated: The broker pretend to be a UK company but actually was operated in the Marshall Islands, which means that the company only comply to less strigent legal rules.
High minimum deposit: ACB's minimum deposit is set at $300, relatively high comparing to reputable brokers who usually requre below $100.
What Can I Trade on ACB?
ACB provides trading services to several trading instruments, mainly in 3 asset classes.
Forex: Forex trading involves the exchange of global currency pairs, allowing traders to profit from price fluctuations. ACB offers over 70 currency pairs, including both minor and exotic options like SDRUB, USDZAR, USDTRY, USDSGD, USDSEK, USDRON, USDPLN, USDNOK, USDMXN, USDILS, USDHUF, USDDKK, USDCZK, and USDCNH.
Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type. ACB supports precious metals such as gold, silver, platinum and palladium.
Stocks: Stocks represent ownership stakes in large companies such as Apple, Tesla, etc.
When dealing with investment activities, always adhere to the principle of diversification by allocating funds across various products rather than coACBntrating on a single one you feel optimistic about.
Accounts
ACB offers a demo account for traders to practice and test their trading strategies before commiting real money for trading.
Other than that, a Standard live account with a minimum deposit of $300 is for investors to conduct actual trading activities, which is a little higher than industry standard usually set at around $100.
From the demo account, the tester found that spread for EURUSD is floating from 3 pips, with a commission of $10/lot charged. This can be quite a burden for many brokers with limited capital.
Trading Platform
The broker claims to offer the market dominating platform- MetaTrader5, for trading. The platform is well-acclaimed by users worldwide with its user-friendly interface, fast transaction execution, built-in charting tools and in-depth market analysis, etc.
Deposit & Withdrawal
ACB accepts deposits and withdrawals via VISA and MasterCard, bank wire and cryptocurrency by USD Tethers.
