Ace Trader is a CFD prop firm operated by Forest Park FX LTD, targeting traders in Indonesia and the wider Southeast Asian market. It runs 1-step and 2-step Standard and Crypto challenges on accounts from $5,000 to $400,000, plus an Instant Funding option for traders who want to skip the evaluation. The firm supports cTrader, DXtrade, MatchTrader, and GooeyPro, with up to 90% profit split on funded accounts. It does not yet have a Trustpilot profile, and public payout data is limited given its early stage.
Rating Breakdown
Pros
- Four platforms: cTrader, DXtrade, MatchTrader, and GooeyPro
- Accounts from $5,000 up to $400,000
- Instant Funding option available — no evaluation required
- Crypto-specific challenge plans alongside Standard CFD plans
- No maximum time limit on assessment or funded accounts
- Up to 90% profit split on funded accounts
- Local Indonesian payment methods accepted (including QRIS)
- Automated strategies and EAs permitted (with restrictions)
- Up to $1M in active funded plans per trader
- Backed by Forest Park FX LTD via the Prop Account infrastructure
Cons
- No MT4 or MT5 support
- No Trustpilot profile — independent payout track record unverifiable
- News trading banned within 3 minutes of any news event
- No fee refund on passing — policy states no refunds once account credentials are issued
- 2-step profit targets and full pricing not publicly listed on main site
- Off-the-shelf EAs and challenge-passing bots explicitly prohibited
- Very new firm — limited community feedback or verified payout proof
- Consistency rule details not publicly disclosed
Account Plans and Pricing
1-Step Standard Challenge Rules
| Evaluation type | One-step (Assessment 1 + Funded) |
| Profit target | 10% (Assessment phase only) |
| Funded account target | None — no profit target on funded account |
| Time limit | None |
| Min. trading days | Not stated; 30-day inactivity rule applies (must place at least one trade) |
| Max drawdown | 6% equity-based, calculated from prior day closing balance (Hard Breach) |
| Daily loss limit | 5% equity-based, calculated from prior day closing balance (Hard Breach) |
| Consistency rule | Not publicly disclosed |
| News trading | Banned within 3 minutes before or after any news event |
| Fee refund | No refund once account credentials are issued |
2-Step Standard Challenge Rules
| Evaluation type | Two-step (Assessment 1 + Assessment 2 + Funded) |
| Phase 1 profit target | Not publicly disclosed |
| Phase 2 profit target | Not publicly disclosed |
| Time limit | None |
| Max drawdown | 6% equity-based, calculated from prior day closing balance (Hard Breach) |
| Daily loss limit | 5% equity-based, calculated from prior day closing balance (Hard Breach) |
| Max leverage (forex/metals) | Up to 1:30 (higher than 1-step’s 1:20) |
| News trading | Banned within 3 minutes before or after any news event |
| Fee refund | No refund once account credentials are issued |
Payouts
| First payout timing | Not publicly disclosed |
| Default payout cycle | Not publicly disclosed |
| Profit split | Up to 90% |
| Payout add-ons | Remove Lock on Payout (+25% of plan fee); Payout Protector (+25% of plan fee) |
| KYC required | Yes — KYC and Trader Agreement required before funded account is issued |
| Funded account delivery | Typically 24-48 business hours after KYC and agreement completion |
| Verified total paid | Not publicly disclosed |
Trading Conditions
| Platforms | cTrader, DXtrade, MatchTrader, GooeyPro |
| MT4 / MT5 | Not supported |
| Instruments | Forex pairs, CFD indices, commodities, metals, cryptocurrencies |
| Max leverage (forex/metals) — 1-step | 1:20 |
| Max leverage (indices) — 1-step | 1:10 |
| Max leverage (oil) — 1-step | 1:5 |
| Max leverage (crypto) — 1-step | 1:2 |
| Max leverage (forex/metals) — 2-step | 1:30 |
| News trading | Banned within 3 minutes before or after any news event (both assessment and funded) |
| Overnight / weekend holding | Permitted (swap rates apply) |
| Expert Advisors | Permitted — off-the-shelf challenge-passing EAs prohibited |
| Copy trading (own accounts) | Permitted if trader owns all accounts |
| Cross-account copy trading | Prohibited |
| Hedging (within one account) | Permitted |
| Cross-account hedging | Prohibited |
| Gambling/all-in trades | Prohibited — excessive risk on single trade is a hard violation |
| Max active evaluation | $1,000,000 per person |
| Max active funded | $1,000,000 per person |
Our Verdict
Ace Trader is an early-stage prop firm built on the Prop Account / Forest Park FX LTD white-label infrastructure, aimed primarily at traders in Indonesia and Southeast Asia. That infrastructure is well-established and has been used by a number of other CFD prop firms, which is a point in Ace Trader’s favour from a technical standpoint. The firm is not building from scratch, which reduces the risk of platform-level problems. What it cannot yet offer is a verifiable track record of its own.
The 6% max drawdown on all plans is the rule that will catch most traders off guard. It is equity-based from the prior day’s closing balance, which means a bad morning session can eat a significant portion of your buffer before you have had a chance to recover. Compare this to larger CFD prop firms that offer 8% or 10% static drawdown on comparable plans, and Ace Trader’s rules are noticeably tighter. Traders who rely on volatile instruments or hold through news events will need to rethink their approach.
The news trading restriction is also worth flagging. The 3-minute window before and after any news event applies to both the assessment and the funded account. This is not unusual in the industry, but the enforcement language is broad: the firm has sole discretion to determine what constitutes a news event and can breach your account or remove P&L from flagged trades. If news trading or scalping around data releases is part of your strategy, this is a hard stop. Run your numbers through the consistency calculator before committing to any plan.
What works in Ace Trader’s favour is the pricing at entry level. A $5,000 1-step account at $45 is competitively priced, and the absence of a time limit on any phase removes one of the more common stress points traders face. The four-platform lineup of cTrader, DXtrade, MatchTrader, and GooeyPro covers most modern traders, though the absence of MT4 and MT5 will push away a large segment of traders who have years of infrastructure built on MetaTrader. The Instant Funding option and Crypto-specific plans also add genuine variety.
The refund policy is a red flag that deserves attention. The firm’s stated policy is that no refund is given once account credentials are emailed to the trader. This means there is no cooling-off period and no recourse if you purchase a plan and immediately discover the rules do not suit your strategy. Most established prop firms at minimum offer a partial refund if no trades are placed. Ace Trader’s policy here is stricter than the industry norm.
Overall, Ace Trader is a viable option for traders in Indonesia who want local payment methods and a firm that understands the regional market. For traders outside Southeast Asia, the lack of Trustpilot reviews, limited public pricing transparency, and tighter drawdown rules make it harder to recommend over more established CFD prop firms with verified payout histories. If you are considering it, start at the lowest account size and treat the first challenge as a test of both your strategy and the firm’s payout process before committing more capital.
Frequently Asked Questions
Is Ace Trader a legitimate prop firm?
Ace Trader is operated by Forest Park FX LTD, registered in Oakham, England, and runs on the Prop Account infrastructure used by multiple white-label prop firms globally. The Indonesia-based team handles marketing and local operations. The firm does not yet have a Trustpilot profile, so there is no large-scale independent review data available. It is not regulated by any financial authority, which is standard for prop firms in this space. If you are considering it, start with the lowest account size to test the process before scaling.
What challenge types does Ace Trader offer?
Ace Trader offers five challenge types: 1-Step Standard, 2-Step Standard, 1-Step Crypto, 2-Step Crypto, and Instant Funding. Account sizes go from $5,000 to $400,000. The 1-Step Standard starts at $45 for the $5,000 account. The Crypto plans trade digital assets alongside forex and CFDs. Instant Funding skips the assessment entirely and gives you a funded account from day one.
What is the drawdown rule on Ace Trader?
Both the max drawdown (6%) and the daily loss limit (5%) are equity-based, calculated from the prior day’s closing balance. This is a hard breach model — if either limit is hit, the account closes immediately with no grace period. There is no trailing drawdown on Standard plans. The 6% max drawdown is tighter than many competitors who offer 8% or 10% on similar account sizes.
Does Ace Trader allow EAs and automated trading?
Yes, with restrictions. Custom automated strategies are permitted. Off-the-shelf EAs marketed specifically to pass prop firm challenges are prohibited. Latency arbitrage, front-running, and strategies that exploit pricing errors are also banned. Copy trading is allowed only if the trader owns all accounts involved. Using a third-party signal service or group trading strategy across accounts is not permitted.
Can I trade news events on Ace Trader?
No. Opening a position within 3 minutes before or after any news event is prohibited on both assessment and funded accounts. Ace Trader has sole discretion to define what counts as a news event. Trades flagged as news trades can have their P&L removed, face leverage reduction, or result in account breach. If news trading is a core part of your strategy, Ace Trader is not a suitable firm.
Ready to try Ace Trader?
1-step and 2-step CFD challenges. cTrader, DXtrade, MatchTrader. Accounts from $5,000 to $400,000. Up to 90% profit split.
Visit Ace Trader →