Acdqua Forex Ltd is a Contract for Difference (CFD) broker registered on March 18, 2024. This broker primarily offers a wide range of trading markets through the MT5 trading platform and its corresponding mobile applications, including forex, stocks, futures, energy, precious metals, cryptocurrencies, and more.
Company Registration Information and Regulatory Status:
The homepage of Acdqua Forex Ltd indicates that its headquarters is located in Ireland, while its company profile page shows its headquarters in London, presenting a contradiction. The company claims to be regulated by the UK Financial Conduct Authority (FCA ID: 504072), the Australian Securities and Investment Commission (ASIC ID: 406684), the Japan Financial Services Agency (FSA ID: 2010401081157), and the Central Bank of Ireland (CBI).
Upon verification, the official website of the UK Financial Conduct Authority (FCA) shows that the license number 504072 belongs to AVA Trade EU Limited. The Australian Securities and Investment Commission (ASIC) official website shows that the license number 406684 belongs to AVA CAPITAL MARKETS AUSTRALIA PTY LTD. The Japan Financial Services Agency (FSA) official website shows that the license number 2010401081157 belongs to Ava Trade Japan K.K. These three companies are actually registered entities of the well-known broker AVATrade, which has no relation to Acdqua Forex Ltd, and the Central Bank of Ireland (CBI) does not list any registration information for Acdqua Forex Ltd.
Furthermore, the broker's official website shares nearly identical web design and content with those of Profit Pulse Limited, Capital Group, Webullforex, EBC, Decode Global Limited, and Exness Trade MT5.
Opening an Account:
To open an account with Acdqua Forex Ltd: visit the broker's official website, click "Register" on the homepage or the top right corner of the page, enter your name, email address, set a password, and upload proof of identity and bank card proof for submission. The account registration will be successful upon submitting the application.
Trading Account Information:
The official website of Acdqua Forex Ltd only discloses information about spreads, trading leverage, margin call/stop-out levels, and contract size. Information regarding account types, trading commissions, minimum/maximum trading volumes, maximum number/order volumes, and minimum price precision is not disclosed.
- Spreads: Variable, starting from 1 pip
- Trading Leverage: 1:100—1:500
- Margin Call/Stop-Out Level: 100% / 50%
- Contract Size: 1 lot = 100,000 units of currency
Trading Platform:
Acdqua Forex Ltd claims to offer the MT5 trading platform, but the broker does not provide a download link on its official website. Moreover, MT5 can only find this broker through its website, and it's only possible to link existing accounts on the platform, not open new ones.
Deposits and Withdrawals:
Acdqua Forex Ltd has not clearly stated the supported methods, fees, or minimum amounts for deposits and withdrawals on its official website.
Summary:
Traderknows warns investors that Acdqua Forex Ltd is a forex scam site with opaque registration and regulatory information and is suspected of false advertising. Users can only contact the broker via email, which is a very limited method of communication. The design and content of its official website use the same template as other brokers like Profit Pulse Limited, Capital Group, Webullforex, EBC, Decode Global Limited, and Exness Trade MT5. Traderknows advises investors to choose brokers that are transparent with information, strongly regulated, and have a good reputation to avoid unnecessary financial losses.
Currently, this broker is flagged as "suspected of scam" on Traderknows.
