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Ace, founded in 1997 and based in Malawi, operates as an unregulated broker. The unregulated status of Ace means there is no official oversight by any financial authority, which is crucial for ensuring that brokers follow proper standards for ace trading. Without regulation, there’s no guarantee that Ace platform is safe, transparent, or fair in its operations. As a trader, I always prioritize regulated brokers because they provide essential protections, such as segregated accounts and dispute resolution options. Unfortunately, Ace’s unregulated status means it cannot offer these guarantees, leaving me with potential risks while using the ace account.