Reported as a scam / unregulated
Why Ace FX is on the register
At first, Ace FX has no regulation when you view its home page. Then, when you click “Group” on its top page, Ace FX seems to have connections with a legit broker named First Prudential Markets Ltd or FP Markets – The firm shows the same regulations as FP Markets. However, if you check the “same regulations” information on FP Markets, you will get the message that the two companies have no relationship. That is to say: the licenses Ace FX claimed is a totally lie. Ace FX is attempting to confuse traders and attract them by choosing its misleading licenses–a popular scam tactic known as firm cloning. Therefore, we can conclude that Ace FX is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. A free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.