Wikilix
Ace logo

Ace

No Regulation
Malawi
Since 2014
Last Updated:

Trading Conditions

Min Deposit:
N/A
Max Leverage:
1
Account Types
  • Diamond
  • Gold
  • Diamond

Official website

acefxltd.com

Online · checked Sep 10, 2026

Also on our record

  • account.acefxltd.comClient portal

Funding Methods

8 methods

Visa

credit card
Instant
Fee:Free
Fee:Free

Mastercard

credit card
Instant
Fee:Free
Fee:Free

American Express

credit card
Instant
Fee:Free
Fee:Free

Discover

credit card
Instant
Fee:Free
Fee:Free

JCB

credit card
Instant
Fee:Free
Fee:Free

UnionPay

credit card
Instant
Fee:Free
Fee:Free

PayPal

e wallet
Instant
Fee:Free
Fee:Free

Skrill

e wallet
Instant
Fee:Free
Fee:Free

Trust rating

Do not trust

35 out of 100 · 75% checked

Our investigation found it is likely a scam, and it has 3.6 years of verified history.

Capped at 35 · Likely scam

Regulation—Not shown

We checked Ace on 2026-10-26 across its company record, client terms, trading offer and service, and could verify 75% of its record. The score was held at 35 because our investigation found it is likely a scam. What would move the score: policy risk, critical clauses, language parity. Our published investigation found it is likely a scam, with 3.6 years of track record. Its client terms have not been reviewed yet.

Score last calculated 2026/10/26

No regulation
Your deposit is not protected by any financial authority.
What this means

Company Information

Full Name:Ace
Founded:2014
Headquarters:Malawi
Enterprise Offices:1offices

Customer Support

Phone:
+265 (0) 998 223 223
Live Chat:
Available
Response Time:
—
Languages:
English
Scroll Down

Is Ace a scam?

Wikilix independent safety report

Read the full report
75%Scam risk
Likely scamConfidence: MEDIUM
2.0/5Safety rating 2 out of 5

Our answer is that Ace (acefxltd.com) shows the hallmarks of a fraudulent investment scheme rather than a working broker, and we rate it a likely scam at 75%. Three documents settle it: its own plan…

Risk scorecard · each area scored 0 (clean) to 10 (worst)

Regulation9/10 · CriticalIdentity & transparency8/10 · CriticalWithdrawals & conduct3/10 · LowReputation7/10 · HighWebsite claims10/10 · CriticalOperational history6/10 · High
Editorial review
Updated

Broker Summary

What Wikilix has recorded about Ace: its history, the licences it holds, its trading conditions and its fees.

Ace Broker Overview

Ace is a trading brand operating at acefxltd.com, with a separate client portal at account.acefxltd.com handling deposits and investment plans. The company registration held for the brand is ACE FOREX LIMITED, registered in the United Kingdom under number 12219894 and confirmed on the Companies House register. No licence from any financial regulator is recorded for Ace. Accounts are organised into named tiers starting at 500 US dollars, and funding is accepted by card, e-wallet, bank transfer and cryptocurrency.

Ace Regulation and License

No financial regulator licence is recorded for Ace. No authority, licence number or licence category is known for the brand, and nothing shows that it is authorised to provide investment services in any jurisdiction. What does exist is a company registration, and that is a different instrument: it confirms a legal company sits on a national corporate register, and it carries no supervision of client money, no conduct rules and no access to a complaints or compensation scheme.

Is Ace Regulated?

No. Ace has no confirmed financial regulation anywhere. Its British company registration is a corporate record rather than a licence, so the UK connection should not be read as authorisation by a British financial regulator.

ACE FOREX LIMITED

ACE FOREX LIMITED is the legal company recorded behind the Ace brand. It holds company number 12219894 in the United Kingdom, was incorporated on 21 September 2019, and gives its registered address as Office 9, Second Floor, Tradeforce Building, Cornwall Place, Bradford, England, BD8 7JT. That registration was confirmed on the UK Companies House register on 16 October 2026. The incorporation date is later than the 2014 start year shown elsewhere for the brand, so the earlier figure should not be taken as the company's age.

Is Ace Safe?

A confirmed company registration answers who the counterparty is on paper, and it does not answer whether client money is safe. Nothing shows that deposits are segregated, that an authority supervises how the business treats its clients, or that any compensation route exists if funds are not returned. Those protections come from a financial licence, which Ace does not have on record, and a corporate registration is no substitute for one.

Ace Account Types

Ace records two named tiers, Gold and Diamond. Gold starts at a minimum deposit of 5,000 US dollars. Diamond appears twice with different entry points, 500 US dollars and 100,000 US dollars, so the minimum for that tier should be confirmed in writing before any money is sent. No trading commission is stated for either tier.

Ace Deposits and Withdrawals

Four families of payment method are recorded, each capped at 50,000 US dollars:

  • Cards, including Visa, Mastercard, American Express, Discover, JCB and UnionPay, from 10 US dollars, processed instantly.
  • E-wallets, including PayPal, Skrill, Neteller, Perfect Money, WebMoney and AdvCash, from 10 US dollars, processed instantly.
  • Bank transfer by wire, SEPA or ACH, from 100 US dollars, taking up to three business days.
  • Cryptocurrency, including Bitcoin, Ethereum, Litecoin, Tether, USD Coin and Cardano, from 50 US dollars, with deposits credited immediately and withdrawals stated to complete within an hour. Network fees apply.

No deposit or withdrawal fee is recorded on the card, e-wallet or bank transfer routes. The instant figure on cards and e-wallets is given for deposits rather than withdrawals.

Ace Support

Support is offered in English, by telephone on +265 (0) 998 223 223, by email at ace@aceafrica.org and through live chat. The contact address held for the brand is Kanengo Light Industrial, Area 28 Lilongwe 4, PO Box 40139, in Malawi. That sits oddly beside the company registration above: the registered company is in England, the published point of contact is in Malawi, and the support address is on a domain unconnected to the trading site. A prospective client should establish which entity, in which country, would actually hold their money.

Ace Pros and Cons

In its favour, the legal company behind the brand is identifiable and confirmed on a national register, which is more than many comparable brands offer. Against it: there is no financial regulation of any kind, no client money protection is established, the Diamond tier carries two conflicting minimum deposits, and the registered company, the published contact address and the support email domain point to three different places.

Ace Review and Assessment

Ace presents as a deposit-funded trading brand with a verifiable British company behind it and no financial licence anywhere. The registration is the easiest part of its story to check and the least protective part of it, so the decision rests on whether a client is willing to send money to a firm that no regulator supervises. Anyone considering an account should confirm the tier minimum and the withdrawal terms in writing first, and treat the inconsistent company and contact details as a question to put to the broker before funding.

Regulation check

Regulatory Licenses

We have not confirmed any regulation for Ace. Money deposited with an unregulated broker is protected only by the company itself.

No regulation

Trading with an unregulated broker puts your deposit at risk.

No regulation

We have not confirmed any regulation for Ace. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.

What this means for you

  • No compensation scheme covers your funds.
  • No regulator to escalate a complaint to.
  • No audit of how client money is held.
View other brokers
Trading accounts
Updated

Account Types

3 account types on record. Minimum deposit from USD 500. Leverage up to 1:1.

3 account types
AccountMin DepositMax LeverageCommission
DiamondVIPUSD 5001:1Not specified
GoldVIPUSD 5,0001:1Not specified
DiamondVIPUSD 100,0001:1Not specified
Account names and conditions as published by Ace, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

21 ways to fund an account. 15 with no deposit fee. 18 credit instantly.

21 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
VisaCredit Card1FreeFreeUSD 10USD 10USD 50,000Instant
MastercardCredit Card1FreeFreeUSD 10USD 10USD 50,000Instant
American ExpressCredit Card1FreeFreeUSD 10USD 10USD 50,000Instant
DiscoverCredit Card1FreeFreeUSD 10USD 10USD 50,000Instant
JCBCredit Card1FreeFreeUSD 10USD 10USD 50,000Instant
UnionPayCredit Card1FreeFreeUSD 10USD 10USD 50,000Instant
PayPalE-Wallet2FreeFreeUSD 10USD 10USD 50,000Instant
SkrillE-Wallet2FreeFreeUSD 10USD 10USD 50,000Instant
NetellerE-Wallet2FreeFreeUSD 10USD 10USD 50,000Instant
Perfect MoneyE-Wallet2FreeFreeUSD 10USD 10USD 50,000Instant
WebMoneyE-Wallet2FreeFreeUSD 10USD 10USD 50,000Instant
AdvCashE-Wallet2FreeFreeUSD 10USD 10USD 50,000Instant
Wire TransferBank Transfer3FreeFreeUSD 100USD 100USD 50,000Up to 3 days
SEPA TransferBank Transfer3FreeFreeUSD 100USD 100USD 50,000Up to 3 days
ACH TransferBank Transfer3FreeFreeUSD 100USD 100USD 50,000Up to 3 days
BitcoinCryptocurrency4Not recordedNot recordedUSD 50USD 50USD 50,000Instant
EthereumCryptocurrency4Not recordedNot recordedUSD 50USD 50USD 50,000Instant
LitecoinCryptocurrency4Not recordedNot recordedUSD 50USD 50USD 50,000Instant
TetherCryptocurrency4Not recordedNot recordedUSD 50USD 50USD 50,000Instant
USD CoinCryptocurrency4Not recordedNot recordedUSD 50USD 50USD 50,000Instant
CardanoCryptocurrency4Not recordedNot recordedUSD 50USD 50USD 50,000Instant

Broker's notes on these methods

  1. Deposits are processed instantly if no additional verification is required. Available globally, subject to card issuer approval. · applies to 6 methods
  2. Deposits are processed instantly if no additional verification is required. Available globally, subject to e-wallet provider terms. · applies to 6 methods
  3. Deposits may take up to 3 business days to process and verify. Available globally, subject to bank processing times. · applies to 3 methods
  4. Deposits are instant; withdrawals within 1 hour. Network fees apply. · applies to 6 methods
Fees, limits and processing times as published by Ace, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • account.acefxltd.comClient portalActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Legal entities

Corporate Network

One legal entity behind the Ace brand.

1 entity
  • ACEActiveFranceRegistration 333191641Established Sep 1, 1985
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Company registry check
Checked

Company Registration

The operating company is ACE FOREX LIMITED. Registered in United Kingdom. Registration number 12219894.

Verified on registry
Legal entity
ACE FOREX LIMITED
Registration number
12219894
Jurisdiction
United Kingdom
Incorporated
Sep 21, 2019
Registry
UK Companies House
Registered address
Office 9, Second Floor, Tradeforce Building, Cornwall Place, Bradford, England, BD8 7JT
Frequently Asked Questions

Frequently Asked Questions

Common questions about Ace

Most Popular Questions

Two different locations appear for Ace. Its registered company, ACE FOREX LIMITED, sits at Office 9, Second Floor, Tradeforce Building, Cornwall Place, Bradford, England, while the contact address published for the brand is Kanengo Light Industrial, Area 28 Lilongwe 4, PO Box 40139, in Malawi. A client should establish which entity, in which country, would actually hold their money before funding an account.

Yes. Bitcoin, Ethereum, Litecoin, Tether, USD Coin and Cardano are all recorded as accepted, with a minimum of 50 US dollars and a maximum of 50,000. Deposits are credited immediately and withdrawals are stated to complete within an hour. Network fees apply on top.

Cryptocurrency withdrawals are recorded as completing within one hour, and bank transfers by wire, SEPA or ACH as taking up to three business days to process. Card and e-wallet payments are recorded as instant, though that figure is given for deposits rather than withdrawals. Every route carries a ceiling of 50,000 US dollars.

Ace records two named tiers, Gold and Diamond. Gold starts at a minimum deposit of 5,000 US dollars. Diamond appears twice with different entry points, 500 US dollars and 100,000 US dollars, and no trading commission is stated for either tier.

The lowest account minimum recorded for Ace is 500 US dollars, on its Diamond tier, with the Gold tier starting at 5,000 US dollars. A second Diamond entry records 100,000 US dollars, so confirm the figure for the tier you are offered before sending money. Individual payment routes carry their own minimums, from 10 US dollars by card or e-wallet.

No. Ace has a UK company registration, not a UK financial licence, and no authorisation from the Financial Conduct Authority or any other financial regulator is recorded for it. Being incorporated at Companies House places a company on the corporate register and says nothing about permission to take client deposits or to offer trading services.

The company registration recorded for Ace is ACE FOREX LIMITED, registered in the United Kingdom under company number 12219894 and incorporated on 21 September 2019. Its registered address is Office 9, Second Floor, Tradeforce Building, Cornwall Place, Bradford, England, BD8 7JT. That registration was confirmed on the Companies House register on 16 October 2026.

Ace offers support in English by telephone on +265 (0) 998 223 223, by email at ace@aceafrica.org and through live chat. The contact address held for the brand is Kanengo Light Industrial, Area 28 Lilongwe 4, PO Box 40139, in Malawi, which is a different country from the England address on its company registration.

No trading commission is stated for any of Ace's account tiers, so the cost of trading cannot be given here. On funding, no deposit or withdrawal fee is recorded for card, e-wallet or bank transfer payments, while cryptocurrency transfers carry the usual network fee. Minimum amounts differ by route: 10 US dollars by card or e-wallet, 50 in cryptocurrency and 100 by bank transfer.

Ace supports multiple deposit and withdrawal methods including major credit cards like Visa, Mastercard, and American Express, as well as e-wallets such as PayPal, Skrill, and Neteller. Bank transfers and cryptocurrencies like Bitcoin and Ethereum are also accepted. Deposits are generally processed instantly, while bank transfers may take up to 3 business days.

Ace holds no known licence from a financial regulator, and WIKILIX classifies the broker as unregulated. The company behind the brand is identified: ACE FOREX LIMITED is registered in the United Kingdom under number 12219894, confirmed on the Companies House register on 16 October 2026. A company registration is not a trading licence, so it brings no supervision of client money and no compensation scheme.

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