ACCENDOMARKETS

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Advantages:

Not found

Disadvantages:

Not found

About company:

London-based broker Accendo Markets works with private clients, providing them with online CFD and Forex trading and spread betting services.

Company. Fund security

The trademark is owned by Accendo Markets Ltd., which is controlled by the Financial Conduct Authority (FCA license number 475285).

The regulator is non-governmental, but, nevertheless, it is an authoritative body, the instructions of which brokers must comply with. The FCA puts forward the following requirements for regulated companies: they must maintain a liquid capital, provide timely reports on their activities, and in addition, independent auditors conduct global annual audits.

Accendo Markets client funds are held in segregated accounts and are protected by the Financial Services Compensation Program (FSCS). If the company ceases to exist or becomes insolvent, then FSCS will cover the costs and pay money to customers, but what is important - the amount of payments per individual or company does not exceed £ 50,000.

Having a license is always a plus for brokers.

Trading conditions

Accendo Markets has a single trading account where you can trade Forex, Contracts for Difference (CFDs) and Spread Betting.

Novice traders can trade on a demo account.

Minimum initial deposit

There is no minimum deposit in the company. Therefore, brokers themselves can decide how much they are willing to invest. It could even be $ 1. However, the broker warns that trading small amounts can be very costly due to the trading costs.

Spreads and commissions

For trading currency pairs, the broker charges a commission from 3.34% to 5% of the transaction itself. The full table of tariffs is presented on the broker's website.

Leverage

The company does not provide any data on the amount of leverage.

Trading platforms

Accendo Markets provides a terminal for trading, which is its own development. The platform has a set of useful tools for advanced users, has a news feed, a simple user interface that is suitable even for beginners, trading tools and charts, tracking technical indicators.

The trader can work with the web or mobile version.

Analytics and training

The company offers video analytics and training materials that are suitable for both beginners and professionals. Articles explain market trends, trading technical issues, chart types, stop losses, trading indices.

Support service

Support works from Monday to Friday from 8.00 to 19.00 (GMT + 1). Traders can get advice by phone, e-mail or fax.

Ways of payment

You can deposit money by credit / debit card or online through the Accendo Markets web platform.

Pros:

availability of a license; spread betting; minimum deposit from $ 1.

Minuses:

lack of an MT4 terminal for trading; lack of trade information on leverage; does not offer bonuses or promotions.

FAQ - BROKER QUESTIONS ACCENDOMARKETS

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Can the broker ACCENDOMARKETS be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. ACCENDOMARKETS received a rating of 1 out of 5 on our resource.