On May 23, 2023, the Financial Conduct Authority (FCA) issued a warning against Acefinancesystem Ltd, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/acefinancesystem-ltd

Acefinancesystem Ltd claims to be globally licensed and regulated by various watchdogs, including the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Mauritius Financial Services Commission (Mauritius FSC), and the Financial Sector Conduct Authority (FSCA). However, we conducted a thorough research and found that its claim is a lie. On the one hand, its claim to be regulated by the FCA has been denied in a warning the regulatory body issued. On the other hand, we searched for this company in the registries of the above-mentioned agencies but found nothing to prove its legitimacy in financial sector. Acefinancesystem Ltd displays a license number on its homepage assigned by Universal Flash Storage Association (UFSA) in the US, which is a nonprofit mutual benefit corporation for fostering open competition in the development of products and services. The truth is, the financial regulator in US is National Futures Association (NFA) and there are no data in the NFA register matching Acefinancesystem Ltd. A UFSA license means nothing in proving its legitimacy and the absence of proper regulations and authorization from recognized authorities means any offering of financial services or products by Acefinancesystem Ltd is illegal.

In essence, Acefinancesystem Ltd is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.