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acefinancesystem ltd

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Is the broker regulated by FCA?
Waqas Shami
Guernsey
2023-05-26
ANSWER Trading with Acefinancesystem Ltd, a non-regulated broker, is strongly advised against despite the enticing deals it presents.Acefinancesystem Ltd claims to be licensed and regulated by the Financial Conduct Authority (FCA), which has been denied in a warning the FCA issued. This broker also asserts to be regulated by the Cyprus Securities and Exchange Commission (CySEC), the Mauritius Financial Services Commission (Mauritius FSC), and the Financial Sector Conduct Authority (FSCA), but our thorough research found its assertion is a lie. Acefinancesystem Ltd displays a license number on its homepage assigned by Universal Flash Storage Association (UFSA) in the US. But this association is a nonprofit mutual benefit corporation for fostering open competition in the development of products and services, and the authority to regulate futures and derivatives markets rests with the National Futures Association (NFA). The fact that no matching data can be found in the NFA register suggests that any offering of financial services or products by Acefinancesystem Ltd is illegal.Regarding your question, Acefinancesystem Ltd is not regulated by the FCA. It is a non-regulated broker posing significant risks to investors including financial losses and identity theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Acefinancesystem Ltd and choose fully regulated ones instead.
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