ACDEX
We checked ACDEX against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
ACDEX claims to be a reputable firm while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking such important information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Besides, ACDEX shows two company addresses respectively in Hong Kong and Taiwan. First, as per the information we hold, Taiwan currently has no regional financial regulator that issues licenses for forex trading or regulates entities engaging in forex. Second, all regulated forex brokers in Hong Kong should be monitored by the Hong Kong Securities And Futures Commission (HK SFC). However, we did not find any match results for this broker in HK SFC. The truth is, ACDEX is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report ACDEX.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.