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Accendo Markets Review
Accendo Markets is a small UK broker for CFDs, spread betting and forex. It only serves UK clients and carries a 2012 FCA fine on its public record.
Min Deposit
N/A
Spreads From
1.7 pips on EUR/USD
Max Leverage
1:30 for retail clients under FCA rules
Platforms
Traderoom, Accendo Markets mobile app
Pros
- Authorised and regulated by the FCA in the UK since January 2008
- Won Best CFD Provider at the City of London Wealth Management Awards, 2017 to 2020
- No published minimum deposit needed to open a CFD, forex, or spread betting account
- Dedicated trader contact and telephone dealing included at no extra cost
Cons
- Fined 56,000 pounds by the FCA in 2012 for unsuitable CFD advice to clients
- FCA record shows the firm cannot hold or control client money since 2014
- Only opens accounts for UK residents, so most traders elsewhere cannot join
- No MetaTrader 4 or 5, only its own Traderoom platform and mobile app
- Website content looks dated, with some sections not refreshed in years
Accendo Markets is a London area CFD and spread betting firm, incorporated in England in 2007 and authorised by UK regulators since January 2008. It runs an execution only service and has won Best CFD Provider at the City of London Wealth Management Awards several years running, most recently in 2020.
Clients trade CFDs, spread bets, and spot forex through Traderoom, a white labelled version of CMC Markets NGEN platform, plus a mobile app. There is no set minimum deposit, and FX spreads start close to 1.7 pips on EUR/USD. The service only opens accounts for UK residents.
The FCA fined Accendo 56,000 pounds in 2012 for weak suitability checks and poor call monitoring on CFD advice given between 2008 and 2010. The FCA record also shows the firm cannot hold or control client money, a restriction in place since 2014. Its site content looks dated in places, with some pages last refreshed years ago.
Max Leverage
1:30 for retail clients under FCA rules
Spreads From
1.7 pips on EUR/USD
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
