Acer Finance Review: Who Is Behind AcerFinance.Co?
When you type the name Acer Finance in Google, the first result you’ll see is the Bloomberg record of Acer Finance SA. It’s a French-based firm operating as an investment management company.
Their primary domain, acerfinance.com, currently seems inactive, which is why Acer Finance we have here saw it as their chance.
So if you are still considering the idea of trading forex pairs, indices, shares, soft and energy commodities, precious metals, and crypto currencies with the seemingly lucrative trading terms advertised in the presentation, better think again. And read on this Acer Finance broker review to find out more about this investment scam.
|Broker Status:||Unregulated scam broker|
|Blacklisted as a Scam by:||N/A|
|Headquarters Country:||Commonwealth of Dominica|
|Online Trading Platforms:||WebTrader|
|Crypto Asset Trading:||No|
|CFD Trading Option:||Yes|
|Available Trading Instruments:||Forex, commodities, indices, shares|
|Free Demo Account:||No|
|Accepts US clients:||No|
Acer Finance Regulation and Fund Security
Acer Finance is an anonymous brokerage house whose legal documents are rather obscure. The only helpful thing we could extract from the whole section is the following sentence:
“The Poland courts shall have exclusive jurisdiction to settle any claim or dispute which might arise out of or in connection with these terms and conditions.”
Based on this, we were to conclude that the firm is located in Poland and Acer Finance regulation should be with the Polish financial authority, KNF. Of course, upon searching the register, we found nothing. The same stands for other European authorities as well, such as FCA, CNMV, CONSOB, BaFin.
Now that we know that the company is unlicensed and a clone of a legit firm, we see no reason for you to entrust them with your hard-earned money.
Acer Finance Trading Platform
Let’s take a look at the Acer Finance trading platform and its perks. Instead of offering reputable third-party platforms we all know and love, such as MT4, MT5, and cTrader, Acer Finance brings only a basic WebTrader.
It’s branded with the company logo, but it’s the same one we’ve seen with other scammers. You can review the markets and trading news, open a pending order and see your trading history. You can also set alerts for certain market events. However, that’s all you can get.
There are no EAs, social trading, or any other advanced features. If you ask us, this software is pretty disappointing as well as unsafe. Brokers can easily manipulate market prices and affect trading outcomes, making it seem as if you won or lost large sums of money. All of this depends on their needs for the pitch you’ll get from alleged account managers.
Trading Instrument Available at Acer Finance
Acer Finance offers a limited range of trading instruments, excluding crypto trading. Here’s what you can invest in:
- Currency pairs
Missing crypto in today’s trading climate equals offering unregulated trading services. It’s unfavorable for investors, and they risk missing profits.
Deposit and Withdrawal Procedure
In regards to the deposit methods, we found that Acer Finance offers the following ones:
- Visa or Master credit or debit card
- Wire transfer
If you wish to withdraw your profit, it might be tricky. According to reviews, Acer Finance withdrawal is hard to get, if not even impossible.
For each method except for BTC, the processing time is 24h, plus an additional 3-5 days for the money to reach your account. However, if you accept the bonus, you cannot submit a withdrawal request before reaching 25x the deposit plus the bonus amount.
If you’re wondering if such restrictions are legal, the answer is no. That’s why most Tier 1 regulators have prohibited incentives to prevent scam brokers from abusing them.
Acer Finance Account Types Offered
Speaking of accounts, let’s take a look at them and see what else is unfavorable.
Business – €1,000
Investor – €1,500
Accounts bring 20, 25, and 30% of the welcome bonus, respectively. Besides, the leverage ranges from 1:100 to 1:600, while higher accounts get no other perks. Sounds as if whoever created the list of account types didn’t use their brains much to entice traders by offering something better.
Once you register an account, you can review the software and basic functionalities, as well as trading conditions. However, the Acer Finance Demo, where you can trade for free, doesn’t exist. If you try to place a trade, you’ll be asked to top up your balance.
How Does Offshore Brokers’ Fraudulent Works?
As many people are getting more and more interested in trading, there are many more trading scams out there. All these fraudsters pose as brokers to take advantage of the general public’s lack of knowledge of trading. And the agents calling are professionals who have many ways to get you on board with making an investment.
Ads that can be found online are full of fake stories promising easy earnings. Once you decide to leave your personal information in order to find out more about this, the agents will call you daily to try and convince you that what they are offering is a legit thing.
So, in case you have ever been scammed by this broker, remember that getting your money back is possible but it just takes time. We would be thankful if you can share your experience with us since we can help you report your scammers to the authorities.
Acer Finance Summary
While conducting this broker review we found that Acer Finance is a offshore broker that follows no regulations and therefore offers no safety for trader’s funds. Not only are they unlicenced, but they also claim to follow regulations set by the UK’s regulatory body, FCA, which is just a plain lie.
The minimum deposit requirement is also allegedly set at €250, but we found this out through various reviews as they failed to provide this info on their website.
Lastly, the broker doesn’t even offer a demo account for potential traders, which never happens with licensed brokers. A good rule of thumb is to carefully review as many forex companies as possible before you swipe a card. And also remember to always think twice before investing anywhere and make sure you read the reviews first.
FAQs About Acer Finance Broker
Is Acer Finance Regulated?
No, Acer Finance in not a well-established regulated broker you can trust with your money,
Does Acer Finance Offer a Demo Account?
No, Acer Finance does not offer a demo account option for any new clients, only live trading accounts.
What is the Minimum Deposit for Acer Finance?
The minimum deposit requirement mentioned on Acer Finance website is €250.