Beware! Aca-Assets.com is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Aca-Assets or AcadianAM LTD, from here on out referred to as Aca-Assets.com, is a broker that doesn’t even try to hide its illegitimacy. This, ironically, makes our job that much easier, because we now know for sure what to write in the review. The point of no return was the drop-down menu of the home page, which made us laugh out loud due to its sheer ludicrous nature. In turn, everything else about Aca-Assets.com follows this strict road to illegitimacy. The following review sheds some light on the reasons why users should not register and deposit in Aca-Assets.com.
We opened a Micro account with the broker but never were able to access the web trader because the broker never gave us a password. This happens a lot of the time, to get blocked, and the main reason behind it, we think, has to do with the fact that we are not potential investors. Borers find these things out quickly enough to lock access to a user area! At least, this is what we think happened.
We have no choice but to take all of the trading information from the website, even though the web trader is just there! The average spread is 1 pip, while the leverage is capped at 1:500- the most common offshore leverage value. The available financial instruments are forex currency pairs, indices, cryptocurrencies, commodities, shares, and ETFs.
Please note that the spread value can be different for users of a different account type.
The website of the broker is available in English, Italian, and German.
ACA-ASSETS.COM REGULATION AND SAFETY OF FUNDS
As far as we’re concerned, Aca-Assets.com is completely anonymous. The closest thing we get is a vague address in the UK, which is actually greatly unhelpful, because the broker is not regulated by the FCA, and thus is either not located in the UK, or is, and in this case, is operating there without a license!
Furthermore, the legal documents offer no insight.
Being this ambiguous with your regulatory info is one of the many signs that a broker is not licensed. Aca-Assets.com possesses not only this but it also comes with a heap load of other illegitimate elements, that ultimately make this broker 100% UNLICENSED and a risk to all traders!
There is no reason whatsoever to invest in an unregulated broker. You will be faced with a ton of issues and will waste your time, not to mention money. Best rely on FCA or CySEC regulated entities, although any broker regulated by a legit agency will do. The crucial thing is to always make sure if the current broker you are willing to invest in has a license. Investing in a regulated broker will not only bring you safety and security, but it may also give you an advantage. For example, both the FCA and CySEC have a financial compensation scheme, each, meaning that they will pay back users who cannot get their money back from their broker, due to the latter’s insolvency or any other monetary issue. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.
ACA-ASSETS.COM TRADING SOFTWARE
The web trader here is strangely reminiscent of the MT4.
We cannot reveal anything about it, aside from its look, because we had no way to access it. But just judging by this, we can deduce that the web trader possesses a certain advantage over other scammer broker terminals. Yet, it still remains a popular platform amongst the illicit FX community!
There is a $6 round turn commission applied to spreads for Premium and VIP account holders. This means that the spread with the commission is increased by an additional 0.6 pips!
ACA-ASSETS.COM DEPOSIT/WITHDRAW METHODS AND FEES
The depositing area in the user dashboard is completely barren, and there seems to be no way of investing. This ties well with our theory that the broker has blocked our access. This expands into the payment process as well as the trading software! The same happened in the withdrawal area.
The minimum deposit is said to be $100.
According to the deposit and withdrawal policy, users can invest through cards, wire transfers, and alternative payment methods.
As for withdrawal, the main thing to remember is that clients cannot withdraw any profit, meaning that trading with Aca-Assets.com is completely useless. This is part of the notorious Non-Deposited Funds clause.
With this clause, we draw the last line. Aca-Assets.com is completely illegitimate, a risk to all deposits, and a scam! Never invest in it!
How does the scam work?
The scam is simple, and it can be sub-divided into a couple of steps.
The first one is actually falling for the scam. This happens when a user clicks on an ad that promises any of the following: an unrealistic profit gain; luxurious items and houses; a carefree lifestyle; and anything and everything in-between these. It’s easy to see why so many still fall for investment scams.
Next, the client will be asked to provide an email, or a phone number, or both. These are essential for the scam, as they will be used by the fraudsters to contact you in the next step.
Which is actually to convince users to deposit. Some might throw themselves in, while others might be more skeptical. It is the job of the scammers to make up the minds of the skeptical bunch. Once a first deposit is made, the user has lost her first deposit!
The final step is simple. The pers have solicited an initial deposit; now they want as many investments as possible until the client realizes the true nature of it all. Once this happens, the broker will block all withdrawals.
What to do if scammed?
File for a chargeback if you have used a credit or debit card to pay the scammers! MasterCard and VISA have a chargeback period of 540 days.
Call your bank if the transaction happened through a wire transfer. And make sure to change your bank account user name and password ASAP!
Unfortunately, crypto deposits are lost and cannot be retrieved. That is why we urge readers to never deposit through any crypto method!
And let us not forget NOT to trust the recovery agencies or agents who are also just as fraudulent as the investment scammers, sometimes even more!
Rich Snippet Data