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Acer Finance Review – Who Is Behind This Scam Broker?
Table of Content
Acer Finance is another in the line of anonymous trading companies. Very poorly written T&Cs don’t reveal much about this broker. Since they don’t present their official headquarters we can only make an assumption.
|Broker Status:||Unregulated scam broker|
|Regulated by:||No regulation|
|Operating Status:||Active trading scam|
|Blacklisted as a Scam by:||N/A|
|Online Trading Platforms:||Web trader|
|Minimum Deposit:||250 EUR|
|Deposit Bonus:||Up to 30%|
|Crypto Asset Trading:||No|
|CFD Trading Option:||Yes|
|Available Trading Instruments:||Forex (Currency pairs), Indices, Commodities, Shares (Stocks)|
|Free Demo Account:||Not available|
|Accepts US clients:||No|
With insanely high leverage and quite an uncompetitive trading platform this broker is not a favorite among traders. More disadvantages of investing with such a broker you can read further in the Acer Finance review.
Acer Finance Regulation and Funds Safety
Acer Finance broker could be from Poland based on their T&Cs. They state that the court of Poland should settle any complaints. But to provide Forex and CFD trading services there you need to have a license from KNF. Not to mention for trading outside of Poland where further licensing is required.
However, once you look up to KNF register you can’t find any traces of Acer Finance. For that reason, we looked somewhere else in hope that we will find something good about this broker. To trade anywhere in Europe, the most trusted brokers have Tier 1 licenses. For instance, BaFin and FCA, but also Australian ASIC. In fact, Acer Finance scam broker doesn’t have any of those.
So, if the broker claims to provide funds protection measures it’s questionable. The importance of regulation is mainly regarding the protection of the clients. The broker must have segregated bank accounts for deposits, compensation funds and more. However, with Acer Finance investment scam you don’t have any protection.
Trading Platform Overview
Another key point is trading software. Instead of a reliable and trusted Meta Trader, for example, this broker provides a web-based platform. Not only that it’s not trusted, but also doesn’t have many advanced features.
Only basic features are available for opening trades, pending orders, market news and minimum charting options. But if you are looking for advanced EAs, copy trading or multi-chart views, start looking elsewhere.
Another big disadvantage of Acer Finance trading company is the lack of a mobile application. This is very important for traders that don’t have a computer all the time with them. Therefore, you are missing many potential opportunities to make money. Not to mention slow trading execution speeds where you are losing even more money
What Account Types Does Acer Finance Provide?
Acer Finance scam broker doesn’t have anything attractive to offer. The same is with account types. The only advertised benefits are higher leverage and lower spread. Like if that something means with a scam broker. But mainly they are focusing on supportive features and security of the funds. Since they are not regulated broker you can’t trust any of those.
Those account types are:
- Pattern 250 EUR
- Business 1.000 EUR
- Investor 1.500 EUR
With a leverage of up to 1:600, this broker forces you into making big risks. Not to mention that the maximum allowed in Europe is 1:30. That way they create urgency to pitch you for more money.
Another suspicious offer from this broker is a welcome bonus. According to ESMA or any European regulator, brokers are not allowed to offer any kind of bonuses. While this broker provides up to a 30% welcome bonus, they directly violate those rules. Important to mention is that a demo account with this broker is not available.
|Broker||Battle Trade||FXTM||OctaFX||FPMarkets||XM Broker||HFM||FBS Broker|
|Minimum Deposit||250 EUR||$10||$100||$100||$5||$5||$100|
Trading Instrument Available
In an era of digital currencies where everyone seeks new trends, this broker misses them out. They are missing a whole attractive instrument class like cryptocurrencies. Therefore, their offer is limited to:
- Currency pairs (Forex) USD/AUD, EUR/SGD, GBP/NOK
- Commodities platinum, gold, palladium
- Indices Nikkei 225, AU 200, Dow Jones
- Shares (Stocks) Alphabet, Cisco, Bank of America
The broker offers spreads from 0 pips already on the Investor account. However, Acer Finance broker reviews reveal a different reality. Spreads actually start at 3 pips for major pairs. This leads to the conclusion that this is a marketing trick. The idea is that you believe you get from 0 pips, but on the platform, traders get a much higher spread.
Deposit and Withdrawal Process
According to Acer Finance reviews, withdrawals never happen. That is fairly expected after everything is discovered in this Acer Finance review. From funding methods this broker accepts:
- Debit/credit cards
- Wire transfers
- Crypto – BTC
Where traders experience problems the most are withdrawals. The reason for that is a malicious clause for bonuses. You can’t request a withdrawal unless you made a trading volume 25 times bigger than your investment.
But according to the company, you can get money in 3-5 business days. Unless you request a crypto transfer which takes 24 hours. You decide if you will trade with a transparent Tier 1 regulated broker or this bogus investment scam.
Acer Finance Scammed Me – How Can I Get My Money Back?
Since they are not regulated there are no institutions or regulatory bodies to complain to. Therefore, your only solution is to recover funds in alternative ways. No matter if you deposited with a card or crypto, you can trace your funds. Unfortunately, for some procedures, you need certain tools and software.
Instead of wasting the opportunity to get a refund, you can reach out to our specialized fund recovery experts. Book your free consultation today!
Acer Finance Summary
- Unregulated and anonymous broker.
- Non-reliable trading platform.
- Extremely high leverage and spread.
- Many negative user reviews.
- No cryptocurrencies are available.
FAQs About Acer Finance Broker
Is Acer Finance A Legitimate Broker?
No. Acer Finance is an anonymous non-licensed broker without a good reputation among traders.
What Is the Minimum Deposit at Acer Finance?
The minimum deposit requirement is 250 EUR which is the industry average these days.
What Methods Can I Use to Deposit Funds at Acer Finance?
Customers can deposit using debit/credit cards, wire transfers and cryptocurrency transfers, but only Bitcoin.