Overview of Achiever FX
Achiever FX, is based in Saint Lucia and was founded within the last year. The company offers a diverse array of market instruments, including Forex, Commodities, Crypto, and Indexes. Despite being unregulated, Achiever FX provides three distinct account types—Standard, VIP, and ECN—with a minimum deposit requirement of $250 and a maximum leverage of 1:500.
Traders on Achiever FX can benefit from competitive spreads starting at 0.2 pips, creating a favorable environment for cost-effective trading. The platform operates exclusively on the MT5 trading platform, ensuring a robust and feature-rich interface for users. Additionally, a demo account option is available for those looking to explore and practice their trading strategies risk-free.
Regulatory Status
Achiever FX functions as an unregulated trading platform, indicating that it operates outside the purview of any financial regulatory body. Traders and investors must note that the lack of regulatory oversight introduces additional risks. In unregulated settings, clients might encounter challenges with limited avenues for resolution and protection in case of disputes or unforeseen problems.
Pros and Cons
Pros
Wide Product Range: Achiever FX boasts an extensive product range, providing traders with access to over 200 CFD instruments, offering diversity and flexibility in their trading portfolios.
Trusted Broker: As a reputable forex broker, Achiever FX stands out as a trusted platform backed by a team of experienced professionals, instilling confidence and reliability in traders.
Competitive Pricing: Leveraging proprietary solutions, Achiever FX offers competitive pricing, featuring lower commissions and a minimum monthly fee as low as $1000, enhancing affordability for traders.
Comprehensive Solutions: Serving as a one-stop shop, Achiever FX delivers comprehensive solutions, tailoring product packages to meet the specific needs of its clients, providing convenience and efficiency.
Deep Liquidity: Traders can take advantage of Achiever FX's deep liquidity, extending across all multi-asset instruments with up to 10 levels of Market Depth, ensuring optimal trading conditions and execution.
Cons
Unregulated Status: Achiever FX operates as an unregulated trading platform, which may raise concerns for traders who prioritize the added security and oversight provided by regulated brokers.
Relatively New in the Market: Founded within the last year, Achiever FX is a relatively new entrant in the market. Traders may prefer platforms with a longer operational history for a more established track record and proven reliability.
Single Trading Platform: Achiever FX exclusively operates on the MT5 trading platform. While MT5 is popular, traders who prefer other platforms may find the lack of variety limiting.
Limited Educational Resources: The educational resources provided by Achiever FX are relatively limited, comprising Technical Analysis and an Economic Calendar. Traders seeking a more comprehensive educational experience may find this aspect lacking.
Market Instruments
Achiever FX offers different market instruments:
In the dynamic world of foreign exchange (Forex), traders can engage in currency trading, taking advantage of fluctuations in exchange rates.
The platform extends beyond traditional currencies, allowing users to explore the exciting realm of cryptocurrencies, a rapidly evolving market that includes popular digital assets like Bitcoin and Ethereum.
For those interested in tangible assets, Achiever FX offers access to the commodities market. From precious metals like gold and silver to agricultural products such as wheat and soybeans, traders can participate in this vital sector.
Additionally, the platform provides those keen on trading indices, reflecting the performance of a basket of stocks. This offers a broader market perspective, allowing traders to capitalize on the overall trends in various industries and economies.
Account Types
Achiever FX offers three distinct account types: Standard, VIP, and ECN.
The minimum deposit requirements vary, with STANDARD requiring $250, VIP recommending $5,000, and ECN setting a higher threshold of $15,000.
Spread values differ, with STANDARD at 1.4, VIP at 0.9, and ECN offering a tight spread of 0.2.
While both STANDARD and VIP accounts have no commission and free swap charges, the ECN account incurs a commission of $5 per lot and has applicable swap charges.
Leverage options vary, with STANDARD at 1:500, VIP at 1:400, and ECN at 1:100.
All three account types share a 40% stop-out level and utilize USD as the account currency.
How to Open an Account？
Opening an account with Achiever FX is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:
Visit the Achiever FX website and click “Sign In”
Fill out the online application form: The form will request your personal information, financial details, and trading experience. Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.
Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.
Start trading: Once your account is verified, you're ready to explore the Achiever FX trading platform and start making trades.
Leverage
Achiever FX sets itself apart by offering maximum leverage of 1:500, providing traders with a significant opportunity to amplify their positions and potentially enhance returns. This high leverage ratio helps to empower traders with flexibility, appealing to a diverse range of trading strategies. The 1:500 maximum leverage on Achiever FX is deemed favorable.
Trading Platform
Achiever FX stands out with the MetaTrader 5 (MT5) trading platform, a robust and versatile tool designed to elevate the trading experience.
MT5's charting capabilities enable in-depth technical analysis, while its algorithmic trading support allows for automated strategies. Traders on Achiever FX can execute trades with precision and efficiency, utilizing the platform's advanced order types. The availability of real-time market data, coupled with user-friendly navigation, ensures that both novice and experienced traders can make informed decisions swiftly.
Deposit & Withdrawal
Achiever FX has streamlined the withdrawal procedure for enhanced convenience. Clients can initiate withdrawal requests through the online Client Portal on the official website (www.Achieverfx.com) or via email using their registered and verified email addresses.
For email submissions, clients should send withdrawal requests to the designated company email: support@Achieverfx.com. The withdrawal request must include all necessary information accurately to facilitate a smooth process.
Upon submission of a comprehensive and accurate withdrawal request with all required supporting documents, Achiever FX commits to processing the request within five (5) business days from the date of satisfaction with the request.
In instances where clients initially deposited funds using a debit or credit card, Achiever FX follows a structured process. All amounts deposited will be withdrawn back to the same card. However, if the client has generated profits, the company may consider processing the profit amount through a wire transfer.
Customer Support
Achiever FX provides customer support through various channels. For email inquiries and assistance, clients can reach out to the dedicated support email at support@achieverfx.com. This avenue allows for detailed communication, document submissions, and comprehensive query resolution.
The platform further enhances user engagement with a live chat feature, enabling real-time interaction with the support team. This instant messaging service is designed to address immediate concerns, providing quick solutions and guidance for users seeking prompt assistance.
Additionally, Achiever FX extends support through a direct phone line at +44 2032861839. This option allows users to engage in verbal communication, facilitating personalized assistance and ensuring that queries are efficiently addressed.
Educational Resources
Achiever FX provides valuable educational resources to empower traders, including Technical Analysis and an Economic Calendar.
Technical Analysis: Unlock the power of informed decision-making with Achiever FX's Technical Analysis. This resource equips traders with tools to analyze historical price data, identify patterns, and interpret market trends. Through chart analysis and indicator insights, traders can make more informed predictions about potential future price movements, enhancing their overall trading strategies.
Economic Calendar: Stay ahead of market-moving events with Achiever FX's Economic Calendar. This resource provides a comprehensive overview of upcoming economic releases, key indicators, and significant global events. Traders can leverage this tool to anticipate market volatility, understand the potential impact on various instruments, and make strategic decisions aligned with economic developments. The Economic Calendar is an essential companion for traders seeking a well-rounded understanding of the market landscape.
Conclusion
In conclusion, Achiever FX presents a wide product range and competitive pricing, offering traders diverse opportunities in the financial markets. However, it operates as an unregulated platform, potentially causing apprehension among users who prioritize regulatory oversight. While Achiever FX strives to be a trusted broker, its relatively recent establishment may raise concerns for those seeking a longer operational history. The single trading platform and limited educational resources further impact the overall user experience. As with any trading platform, users should carefully weigh the advantages and disadvantages to determine if Achiever FX aligns with their specific preferences and risk tolerance.
FAQs
Q: What is the minimum deposit requirement for Achiever FX？
A: The minimum deposit required on Achiever FX is $250.
Q: Can traders on Achiever FX access a demo account？
A: Yes, Achiever FX provides a demo account option for traders to practice and familiarize themselves with the platform's features.
Q: How diverse is the product range on Achiever FX？
A: Achiever FX offers a wide product range, including Forex, Commodities, Crypto, and Indexes, providing traders with various instruments to choose from.
Q: What trading platform does Achiever FX use？
A: Achiever FX exclusively operates on the MT5 trading platform.
Q: Is there any regulatory protection for clients on Achiever FX？
A: Due to its unregulated status, clients on Achiever FX may have limited recourse and protection in the event of disputes or unforeseen issues.
Q: Are there educational resources provided by Achiever FX？
A: Yes, Achiever FX offers limited educational resources, including Technical Analysis and an Economic Calendar.
Q: What withdrawal methods are available on Achiever FX？
A: Withdrawals on Achiever FX can be made through the client portal (www.Achieverfx.com) and email (support@Achieverfx.com).
2024-03-14 16:47
2023-12-06 11:22
2023-12-05 17:46
