Independent rating of Forex broker Accendo Markets

About company

Accendo Markets forex broker is owned by Accendo Markets Ltd. which is regulated by the Financial Conduct Authority (FCA). Although FCA operates independently of the UK government, it is still a reputable regulatory body that requires supervised brokers to follow certain rules. In particular, the regulated companies must maintain a certain level of capital liquidity and report on their activities to independent auditors. In addition, clients’ funds are protected by the Financial Services Compensation Scheme (FSCS) and are kept in segregated accounts. In case the broker goes bankrupt or becomes insolvent, the FSCS will cover the costs and return money to clients. Importantly, the compensation amount per person or company will not exceed £50,000.

Trading conditions

• CFDs, spread betting, and Forex trading for retail clients
• single account type
• demo account for newbies
• no minimum deposit
• commission of 3.34% –5% of trade size for trading currency pairs
• no MT4 trading platform, broker offers its own platform instead
• both beginners and professional traders have free access to video tutorials and training materials
• FAQ section covers popular customer queries
• every client has a personal manager

Trading platform

Accendo Markets offers its customers to trade on a proprietary trading platform. The platform features a set of useful tools for advanced users, online news feed, and a user-friendly interface. The platform users get access to trading tools and technical indicators, real-time quotes, and the opportunity to conduct chart trading.

Support service

The support service is available from Monday to Friday from 8 am to 7 pm. Customers can reach the support team by phone or email specified on the company’s official website.

Traders’ reviews

On the Net, you can find both positive and negative reviews about Accendo Markets. Many traders praise the broker for a swift withdrawal process, fast order execution, and highly professional support service team. At the same time, some customers are unhappy about the lack of the MT4 trading platform as well as bonuses and special offers.

Advantages:

• regulated broker
• spread betting
• no minimum deposit
• demo account for beginners
• wide variety of training materials
• personal manager for every client

Disadvantages:

• no access to MT4
• no affiliate programs, bonuses or promo campaigns
• trading fees
• no information on leverage