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Ace Forex Signals Review: Is it a Scam?

Ace Forex Signals Review: Is it a Scam?

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An estimated win rate of 97 percent is what made us conduct this thorough Ace Forex Signals (Acetraderfx.com) review. It is too good to be true since this is above average win rate, which means one thing. The vendor is using the over the moon accuracy to attract newbies. And it has worked as some have signed up only to find out the accuracy levels are inaccurate. The new members are now ruing signing up with this rogue signals provider.

Ace Forex Signals Review

About Ace Forex Signals

The disclaimer at the footer of their homepage shows that this page is years old. It reads that the page is best viewed under Internet Explorer, which is an old browser. The developers of this website have not upgraded the page ever since they created it. And this means that they have been using the same tactics for years. With the navigation being poor, it is clear amateurs operate the platform. And this is the reason why we have to check out this platform for the traps set.

There are better alternatives that have been tested by experts. These tools have proven to be effective and efficient for expert and newbie traders. The best forex trading robots are an ideal tool for every trader as they come highly recommended by experts. Make the smart move today and go for perfect trading robots that have the best online reputation. These robots have a recurring user base as they promise to protect your investment. It is what successful traders are using to get ahead in the trading world.

Ace Forex Signals is another example of what should not be allowed in the online trading world. The platform gives no information about their trading background and history. And this leaves a majority of investors at a loss for various reasons. From what we saw, the testimonial from their homepage has several Middle Eastern traders. Their address and servers are located in Hong Kong, which means they are offshore. With offshore trading tools, a lot could go wrong, and it has with this signals provider.

Ace Forex Signals License and Registration

Ace Forex Signals is NOT a platform that has a valid license from regulators. The platform is lacking information on their whereabouts and license details. It means the people behind this platform are offering an unregulated product or service. The developers are escaping the strict measures and rules from regulators. And this poses a massive problem for anyone who uses the platform. The vendor is not able to insure any deposits made by users, which is a huge problem.

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Another issue we noticed with the platform is no regulator seems to acknowledge the platform’s presence. And this is a massive problem as the platform is targeting investors across the globe. Regulators in Europe plan to ban the use of this platform for obvious reasons. Without a valid trading license, investors will be at a disadvantage. And this is the reason why we have to expose this platform. Once you deposit funds with this platform, don’t expect a money-back feature.

Analyst team

Ace Forex Signals Analyst

On their about us page, the platform claims world-renowned technical analyst Wilson Leung leads it. The only problem is that there is no verbal comment from the expert. Wilson is not seen anywhere on the web advocating for the use of this platform. These scam artists are merely using his name to make it look like he endorsed the signals provider. And this is what we are trying to expose since Wilson has no idea his name is being used.

Business owner

The platform claims that the platform is operated and run by a team of seven analysts. Apart from Wilson Leung’s name, there is no other person mentioned. And this shows that the platform is up to no good. The developers are offshore base and want to keep their names out of this scam. It is expected that a real trading platform will let users know the person behind it. With online trading tools, it is best to avoid anonymous offshore trading platforms. There is no way of holding anyone responsible in case of unforeseen problems.

Comments on their homepage

Testimonials from s-called users can be seen on their homepage, which tries to sell the platform’s credibility. These comments have no timestamp or images of the associated users. What the developer has done us post names and aligns comments under these names. And this is the reason why we have to expose the platform. None of these people has posted any pictures or videos of the signals in action.

Domain details

A look at their domain history shows that the platform has been around for a while. The official date when the site went live was 15th September 2004. With over 16 years of online presence, one would expect the platform to have hundreds of followers. The reason why there is no chatter from the online community is apparent. Most of the traders did not receive the signal provider with open arms. And this is possible as the platform does use an over the moon accuracy level, which is suspicious.

Features of Ace Forex Signals

Features of AceForexSignals

On their service page, the platform lists their key strengths for all to see. These include full coverage of the market, multi-timeframe recommendations, and precise recommendations. Their last feature includes real-time updates as well as sending sound alerts. The platform should invest in email and SMS alerts to be effective.  Other features include Intra-day strategies and medium-term outlook. For all their hard work, the platform seems to have one problem, delivery.

Pros and cons of Ace Forex Signals

Available Packages

Ace Forex Signals is offering different packages under different assets. From what we can see on their offer page, there are two main packages, standard, and premium. The standard package is for major currency pairs such as EUR/USD, GBP/USD, and USD/CHF. Premium package holders get each major currency pair mentioned under a different price. Prices of these packages depend on the currency pair a user chooses. One of the packages has major, minor, and cross currency pairs and goes for $360 per month. It is a high amount if you ask the average trader.

Ace Forex Signals Available Packages

Contact and support

With the page being years old, the platform does not have today’s reliable communication options. Users should not expect any live chat support or the occasional phone number. Instead, users have to send an email and wait for a response. The problem with emails is that they tend to take a while before a reply. These developers should upgrade their communication channels to improve customer interaction. With the platform expecting to steal from users, they ensure communication is set at minimal.

Payment options

When it comes to depositing funds with this platform, users can deposit funds with MasterCard or Visa. After making the deposit, this is the last you will see or hear from the developer. Those that deposit via PayPal have a better chance of recovering their funds. They can send a dispute request with PayPal officials and get their funds back. And this means they provided the services, even if they did not live up to expected hype.

Scam or Legit Ace Forex Signals

Ace Forex Signals is failing to convince users that they provide accurate trading signals. The myfxbook trading results don’t come anywhere close to a platform offering accurate signals. Performance and results are based on a demo account. The developer should test the platform out on a real account. They have instead given users the colossal task of trying the signals on real accounts. It is not professional for a developer to offer signals that they fail to test on live accounts.

Bottom line

We are expected to help our readers trade safely with the best platforms. And this means as have to be frank with what we experience with an online signals provider. We won’t be recommending Ace Forex Signals as it is not worth the money or time. They should test the signals on a real trading account and show the results. Once they do this, we might reconsider our stand.

Go for expert-recommended trading robots that have years of trading experience. The robots offer a more realistic chance of making money. They are what makes trading a reality for all successful online traders. Thanks to their strong user base, it is what investors are using to stay ahead of the trading world.

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2 Replies to “Ace Forex Signals Review: Is it a Scam?”

  1. Every site is not scam, I think Forex signals [Link Removed] become hint for the traders to know, when or which pair/thing to trade on.

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