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Ace Forex
Ace Forex Broker Overview
Here is every key fact about Ace Forex in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | Ace Forex |
|---|---|
| Broker name | Ace Forex |
| Foundation year | 2014 |
| Headquarters | Level 31. 48 Shortland Street, Vero Center,Auckland, 1010, New Zealand |
| Country | New Zealand |
| Telephone | +64(9)356-2558 |
| Email / Skype | support@acefx24.com |
| Fax | +64(9)356-2554 |
| Regulated by | FSPR Number # FSP338006 |
| Type of broker | ECN /STP |
| Min. deposit | $50 |
| Max leverage | 1:500 |
| Min. spreads | 1 Pips |
| Funding methods | Bank wire, credit card, debit card, Neteller, Skrill |
| Withdrawal methods | Bank wire, credit card, debit card, Neteller, Skrill |
| Base currencies | USD, EUR & More |
| Languages | English |
| Trading platforms | MetaTrader4 (MT4) |
| Web trading | ✗ No |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✓ Yes |
| VIP accounts | ✓ Yes |
| Managed accounts | ✓ Yes |
| Segregated accounts | ✗ No |
| Islamic accounts | ✓ Yes |
| Swap free accounts | ✓ Yes |
| No deposit bonus | ✗ No |
| Promotion | Yes |
In simple words: traders get MetaTrader4 (MT4), spreads from 1 Pips, leverage up to 1:500 and a $50 minimum deposit. New clients can also check the current Yes.
Is Ace Forex Safe? Regulation and Company Details
Ace Forex is a regulated broker. FSPR Number # FSP338006.
Regulation
FSPR Number # FSP338006
Head office
Level 31. 48 Shortland Street, Vero Center,Auckland, 1010, New Zealand (New Zealand)
Client funds
The broker does not list segregated client accounts.
Track record
In business since 2014. Support is reachable by phone and email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:500.
Ace Forex Trading Conditions
Spreads and commissions
Ace Forex spreads start from 1 Pips. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 1:500, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
MetaTrader4 (MT4)
Desktop platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Mobile trading is available.
This Ace Forex review covers regulation, fees, platforms and bonuses.
Official website: Ace Forex
Ace Forex Account Types
Ace Forex offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $50 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
Mini accounts
Smaller trade sizes and a low entry cost for beginners.
VIP accounts
Tighter pricing and priority service for larger balances.
Managed accounts
Let a strategy provider or money manager trade for you.
Islamic / swap-free
No overnight swap charges, in line with Sharia principles.
You can open accounts in these base currencies: USD, EUR & More. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at Ace Forex
Ace Forex supports the same methods for funding and withdrawals. Withdrawals normally go back to the method you used to deposit.
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
Ace Forex Bonus and Promotions
Bonuses are a big reason traders search for Ace Forex. Availability depends on your country and the account type.
- Yes — the current promotion for Ace Forex clients. Check the volume rules before you claim it.
How bonus credit really works
- Bonus credit is used as margin; it usually cannot be withdrawn directly.
- Profits made with the bonus are yours, but a minimum trading volume often applies first.
- Withdrawing money early can remove part or all of the bonus.
- Bonuses are not offered in every country or on every account type.
Bonus terms change often. Always read the latest rules on the official Ace Forex website before accepting any offer.
Ace Forex Pros and Cons
Pros
- Regulated: FSPR Number # FSP338006
- Yes
- Low $50 minimum deposit
- Spreads from 1 Pips, ECN /STP execution
- MetaTrader4 (MT4)
- Hedging and scalping allowed
- Islamic, mini, VIP and managed accounts
Cons
- No segregated client accounts
- No web trading
- No no-deposit bonus
- Bonus comes with trading-volume rules
How to Open an Ace Forex Account
- RegisterFill in your name, email, country and phone number on the Ace Forex sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (MT4).
- Fund and tradeDeposit from $50 with your preferred method, claim any eligible bonus, then log in and start trading.
About Ace Forex
Ace Forex Review: Overview
Ace Forex is an ECN/STP forex broker that was established in 2014 and is based in New Zealand. Its head office is at Level 31, 48 Shortland Street, Vero Center, Auckland, 1010, New Zealand. The broker offers trading on MetaTrader 4 (MT4) and mobile, with account base currencies in USD, EUR and several others. This review looks at the main areas traders usually compare: regulation, account types, platforms, costs, deposits and withdrawals, bonuses and support.
The ECN/STP label describes how orders are typically routed. In an STP (Straight Through Processing) model, client orders are passed on to liquidity providers rather than being filled by the broker's own dealing desk. ECN (Electronic Communication Network) setups aim to match orders against a pool of liquidity. Actual execution quality depends on market conditions, the liquidity providers involved and your account type, so it is worth testing execution on a demo account before you fund a live one.
The official website is Ace Forex. It is available in English.
Regulation and Safety
Ace Forex is regulated by the FSPR under number FSP338006. The FSPR is New Zealand's Financial Service Providers Register. Regulation matters because it sets rules on how a firm must conduct business, report to authorities and handle complaints. A licence number alone does not guarantee anything, so you should look up the number on the regulator's public register yourself and confirm that the company name, address and licensed activities match what the broker advertises.
There is one safety point you should weigh carefully. Ace Forex does not segregate client funds, according to the information available for this review. Segregated accounts keep client money apart from the company's operating money, which can help protect clients if a broker runs into financial trouble. Without segregation, your funds may be more exposed in that situation. This does not mean your money is at immediate risk, but it is a meaningful difference from brokers that do segregate, and it should factor into how much you deposit.
Before opening an account, read the broker's client agreement, risk disclosures and any compensation or fund protection terms on the official website.
Account Types
Ace Forex offers a wide range of account types, which suits both beginners and more experienced traders. The available options include:
- Free demo account: a practice account for testing the platform and strategies without risking real money.
- Mini accounts: designed for traders who want to start with smaller positions.
- VIP accounts: higher-tier accounts that are typically aimed at more active clients. Check the official website for the conditions that apply.
- Islamic accounts: swap-free accounts that follow Sharia-compliant principles, for traders who do not want to pay or receive swap (overnight financing) charges.
- Swap-free accounts: available for clients who want to avoid overnight financing costs.
- Managed accounts: accounts where trading decisions are handled by a manager on the client's behalf.
Ace Forex also states that hedging and scalping are allowed, as is news trading. This is useful if your strategy depends on these approaches, though some clients may face restrictions depending on their account type and jurisdiction, so confirm this in the terms before you rely on a specific method.
Trading Platforms
Ace Forex offers MetaTrader 4 (MT4), one of the most widely used trading platforms in the retail forex market. MT4 is known for its charting tools, indicators, and support for automated trading through Expert Advisors. Traders who already know the platform will find the workflow familiar.
Mobile trading is available, so you can monitor and manage positions away from your desk. Web trading is not offered, which means you will need to use the desktop or mobile app to place trades. If browser-based trading is important to you, factor this into your decision.
Spreads, Fees and Leverage
Spreads at Ace Forex start from 1 pip. The spread is the difference between the buy and sell price, and it is one of the main trading costs for most forex traders. Actual spreads vary with market conditions, the currency pair and the account type, so the advertised minimum is not a fixed cost on every trade.
Maximum leverage is 1:500. High leverage allows you to control a large position with a small amount of margin, which can increase both profits and losses. Leverage may be lower depending on your country and account type, so check what applies to you before opening an account.
The minimum deposit is 50. Check the currency shown on the broker's official website, as the figure is listed without one in the available information. Commissions, overnight swap rates and any other charges are not fully detailed in the information used for this review, so read the fee schedule on the official website before you trade.
Risk note: trading forex and CFDs on leverage carries a high risk of losing money. Only trade with funds you can afford to lose.
Deposits and Withdrawals
Ace Forex accepts the following payment methods for both deposits and withdrawals:
- Bank wire
- Credit card
- Debit card
- Neteller
- Skrill
Having both bank-based and e-wallet options gives you flexibility. E-wallets are often used for faster transfers, while bank wires are common for larger sums. Processing times, fees and limits can differ by method and country, so check the payment page on the official website before you choose one. Also check whether a withdrawal method must match the method you used to deposit, as many brokers apply that rule.
Bonuses
Ace Forex offers a welcome bonus and other promotional offers. It does not offer a no-deposit bonus, according to the information available. Bonus terms can change, so always read the conditions before you deposit. Typical conditions include trading volume requirements, withdrawal restrictions while a bonus is active, and expiry dates. These rules can significantly affect whether a bonus is useful to you.
If you are comparing bonus offers across brokers, our guide to 100% forex deposit bonuses at top brokers explains how to assess them, and our forex deposit bonus FAQs cover the common terms you should understand before you claim one.
Customer Support
The information available for this review does not include details on Ace Forex's support channels, opening hours or response times. Before opening an account, check the contact options listed on the official website and, if possible, send a test question to see how quickly and clearly the team replies. Good support is particularly important when you have questions about deposits, withdrawals or account conditions.
Pros and Cons
Pros
- Regulated under FSPR number FSP338006
- Established in 2014
- ECN/STP execution model
- Low minimum deposit of 50
- Leverage up to 1:500
- Spreads from 1 pip
- MetaTrader 4 platform with mobile trading
- Free demo account
- Wide range of account types, including Islamic, swap-free, mini, VIP and managed accounts
- Hedging, scalping and news trading allowed
- Multiple deposit and withdrawal methods
- Welcome bonus and other promotions available
Cons
- Client funds are not segregated
- No web trading platform
- No no-deposit bonus
- Detailed fee schedule and customer support information are not covered in the available data and must be checked on the official website
- Leverage of 1:500 can greatly increase losses for inexperienced traders
Verdict
Ace Forex is a broker with a clear profile. It combines an ECN/STP model, MetaTrader 4, a free demo account, a broad selection of account types and a low minimum deposit. Its regulation under FSPR number FSP338006 and its operating history since 2014 are positives, provided you verify the licence yourself.
The main drawbacks are the lack of client fund segregation, the absence of web trading and the limited public detail on fees and support. Traders who prioritise fund protection should weigh the segregation point carefully and consider whether it matches their risk tolerance. Traders who want to test MT4 and a range of account types before committing money may find the free demo account and low minimum deposit useful.
Before you open an account, review the official website, read the bonus terms, check the regulator's register and start with a small deposit. Trading forex and CFDs on leverage carries a high risk of losing money, so only trade with capital you can af
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose Ace Forex?
Ace Forex offers a $50 entry cost, MT4 platforms and a track record since 2014.
Ace Forex suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
