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.