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Score

0 1 2 3 4 5 6 7 8 9
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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Ace

Malawi Malawi | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://www.aceafrica.org/index.php

Website

Rating Index

Influence

Influence

D

Influence Index NO.1

South Africa South Africa 2.53
Surpassed 15.60% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+265 (0) 998 223 223
http://www.aceafrica.org/index.php
Kanengo Light Industrial , Area 28 Lilongwe 4, PO Box 40139

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Malawi
Operating Period
5-10 years
Company Name
Ace
Email
ace@aceafrica.org
Contact Number
+2650998223223
Company Website
http://www.aceafrica.org/index.php
Business Region
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • aceafrica.org
    94.231.103.186
    Server Location
    Denmark Denmark
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

Ace Review Summary
Founded 1997
Registered Country/RegionMalawi
RegulationNo regulation
Market InstrumentsStocks, Commodities, Agriculture
Demo Account/
Trading PlatformWebTrader
Minimum Deposit/
Customer SupportContact Form
Tel: + 265(0)998 223 223
Email: ace@aceafrica.org
Social media: X, Facebook, LinkedIn, YouTube
Address: Kanengo Light Industrial , Area 28 Lilongwe 4, P.O. Box 40139

Ace Information

Ace is a Malawi-based broker founded in 1997, which is unregulated. It offers trading in Stocks, Commodities, and Agriculture on WebTrader platform.

Ace's homepage

Pros and Cons

Pros Cons
Long historyUnregulated status
Various trading assestsLimited info on trading conditions
No MT4/MT5
No info on deposit and withdrawal

Is Ace Legit?

No. Ace currently has no valid regulations. Please be aware of the risk!

No license

What Can I Trade on Ace?

Tradable Instruments Supported
Stocks✔
Commodities✔
Agriculture✔
Forex❌
Indices❌
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌
Futures❌
What Can I Trade on Ace?

Trading Platform

Trading PlatformSupported Available Devices Suitable for
WebTrader✔Web, Windows, MacOs/
MT4❌/Beginners
MT5❌/Experienced traders

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is Ace safe and reliable?

No. According to WikiFX data, Ace exhibits a severe risk profile. It holds a low WikiFX Score of 1.56, operates without any credible regulatory oversight, and its business scope is marked as suspicious. There are also public user reports concerning financial losses. Engaging with this broker is considered extremely high-risk.

Two days ago
United States

Is Ace regulated?

No, Ace is not regulated. WikiFX assessment indicates it lacks any valid retail forex trading license from recognized financial authorities. The broker is registered in Malawi, a jurisdiction not known for stringent financial market oversight, resulting in a complete absence of investor protection safeguards.

Two days ago
United States

What is the minimum deposit of Ace?

Specific minimum deposit requirements for Ace are not currently publicly disclosed in the broker's profile information.

Two days ago
United States

Does Ace support MT4 or MT5?

Ace receives a software index score of 4.0, which suggests it offers some form of trading platform. However, the specific platforms, such as whether it supports MetaTrader 4 (MT4) or MetaTrader 5 (MT5), are not detailed in its available profile data.

Two days ago
United States
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User Comments1

All (1) Exposure (1)
Minnie142
Minnie142
3-5 years
Exposure
Scam
112/07/13-112/07/28 I was scammed by He Zechen and ACE's exclusive customer service at ACE, because I met a man named He Zechen in the singing app, and later exchanged communication contact, and learned during the chat that he was investing in cryptocurrency to make money. After he learned about my family situation, he said that he could bring me to make money together. Later, he asked me to deposit 10,000 Taiwan dollars first, and then asked me to participate in the new activity recently launched by the platform on the grounds that I can earn more by investing more. Then let me borrow 280,000 Taiwan dollars from the bank to make an investment. During the process, I also came into contact with the customer service of the ACE platform, so I went to the Internet to check the information of the platform and found that there were victims who were defrauded by this platform in the past. Scammed, reported to the police
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