Question 1

Is Acetop regulated and safe for forex and commodities trading?

Accepted Answer

Acetop claims regulation by the United Kingdom's FCA with license number 767154, operating as a Market Maker. However, some reports suggest this FCA license may be suspicious or cloned. Additionally, it has offshore regulation from SCB (Bahamas) and a suspicious clone license from CGSE (Hong Kong). Given these mixed regulatory signals and various online complaints about withdrawal difficulties and scams, Acetop presents a high potential risk for investors. It is generally advised to trade with brokers that have verified, reputable regulatory status to ensure fund safety.

Question 2

What are the trading costs and minimum deposit required at Acetop broker?

Accepted Answer

Acetop offers competitive spreads starting from 0.5 pips for gold trading and 0.03 pips for silver trading, which are favorable trading costs for investors. The minimum deposit required to open an MT5 standard account with Acetop is $50, which is considered affordable compared to many competitors. However, there are withdrawal fees to be aware of: a $50 fee for small withdrawals under $3 and a 6% handling fee if no adequate trading volume is achieved after deposit. Traders should consider these costs when planning their investment strategies.

Question 3

What deposit and withdrawal methods does Acetop support and what are the associated fees?

Accepted Answer

Acetop supports multiple deposit methods including bank transfers, Visa/Mastercard, China UnionPay, and Skrill with deposit times ranging from immediate (Visa/Mastercard, Skrill) to 1-5 business days (bank transfer, China UnionPay). Withdrawal methods mirror deposit options and typically require 3-5 working days for bank transfers. Withdrawal fees include a $50 fee for withdrawals under $3 and a 6% handling fee if a minimum trading volume condition is not met after deposit. Users must submit a withdrawal application with identity verification steps such as SMS codes. Traders should be cautious and aware of reported withdrawal difficulties experienced by users online.

Question 4

Which trading platforms does Acetop offer and are demo accounts available?

Accepted Answer

Acetop provides the widely used MetaTrader 5 (MT5) trading platform along with its proprietary Lingfeng Global official app for mobile trading. MT5 offers advanced charting, technical analysis, and supports multiple financial instruments including spot gold and silver. Demo accounts are available for traders to practice and familiarize themselves with the platform before trading with real funds, which provides a valuable learning tool for both new and experienced traders.

Question 5

Is Acetop beginner-friendly for new forex and commodities traders?

Accepted Answer

Acetop is generally not recommended for beginners due to concerns over its regulatory status, which includes offshore licensing and suspected cloned FCA and CGSE licenses. While it offers demo accounts and user-friendly platforms like MT5, the reported issues with withdrawal and scam allegations pose significant risks. Beginners are advised to consider well-regulated brokers with transparent operations and strong investor protections for their initial trading experience.

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