On-line since: About the company: Accendo Markets, the London-based broker, operates with private clients, providing them with online CFD trading services, trading on Forex, and spread betting. Company. Security of funds The brand is owned by Accendo Markets Ltd., which is regulated by the Financial Conduct Authority (license number 475285). The regulator is non-state, but, nevertheless, this is an authoritative body whose requirements must be followed by brokers. The FCA places the following demands on regulated companies: they must maintain capital in a liquid state and provide timely reports on their activities; furthermore, independent auditors conduct global annual reviews. The funds of Accendo Markets customers are kept in segregated accounts and protected by the Financial Services Compensation Scheme (FSCS). If the company ceases to exist or becomes insolvent, the FSCS will cover costs and pay money to the customers, but what is important is that the payout per person or company does not exceed 50,000 pounds sterling. The possession of a licence is always a plus for brokers. Trading terms Accendo Markets provides clients with a single trading account where they can trade currencies and CFDs, as well as conduct spread betting. Beginners are able to test trading on a demo account. Minimum initial deposit There is no minimum deposit in the company. Therefore, traders can choose a deposit amount on their own. It may even be $1. However, the broker warns that such small amounts can make trading unprofitable due to trading costs. Spreads and commissions For trading currency pairs, the broker charges a fee ranging from 3.34% to 5% of the transaction itself. The table of charges is presented on the broker's website. Leverage The company does not provide any data on the size of leverage. Trading platforms Accendo Markets offers customers to conduct trading through a platform developed by the company itself. The platform features a set of useful tools for advanced users, news feed, simple user interface that is also suitable for beginners, as well as trading instruments and charts tracking technical indicators. A trader can use the platform in a web or mobile version. Analytics and training The company provides both beginners and professionals with video analytics and training materials. Articles include market trends, technical trading issues, chart types, stop losses, and trading indices. Support service The support is available from Monday to Friday from 8 a.m. to 7 p.m. (GMT+1). Traders can get advice by phone, email, or fax. Payment methods Traders can deposit money through a credit/debit card or the Accendo Markets web platform in the online mode. Advantages:
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1/10
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I'm newbie. I chose this broker because they have minimum deposit which is $1. They also a licensed broker, which I'm sure can be trusted.
Accendo Markets didn't take care of their platform. The platform started shaky and unstable, the spread is so high, and I also got requotes and slippage. I was trading in EUR/USD and USD/CAD currencies until I got a profit of more than $700. When I was about to withdraw my profit, I even sent a withdrawal request, but until now, they didn't process it yet. I have called their customer service, but those people only told me to wait without clarifying why my withdrawal process is still pending. I don't trust them anymore for that, and once I get the money, I will move to another broker.
Accendo Markets has given me a stable and advanced trading platform in the market. As I can open or cancel my orders automatically by the EA. I didn’t find any slippage or delay in execution. So It helps me to earn money on live trade in the market. I’ have satisfied with Accendo Markets and I will continue trading with this broker.
I don't recommend this broker for serious traders because they never respect any orders, after all your trading and when you claim a present, they even told you that it's your fault! My withdrawals, most of them haven't been solved yet. The representatives of this broker are also not well trained. They always encourage you to deposit more and more money but don't help you to increase your earnings, only steal your money. Stay away from this broker.
I joined with Accendo Markets broker in recent times. I used their demo account for testing purpose, after that I started trading on a real account, I tried different strategies, every things is superior. Began with $650 and I turned it to $1142 just in two monts. What I like mainly, they offer an option to choose your own platform. Indeed, I am content with Accendo Markets broker.
The only reason I opened an account at Accendo Markets was their very low minimum initial deposit but I regret it now because this broker does not deliver good services. Its trading platform is so terrible that I could not make a single decent trade. Their trading fees are also changing constantly and is often high. Thankfully, I was able to close my account without a hassle.
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