ACCUMARKETS Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-04-27 14:18

Abstract：Accumarkets does not provide services to US residents. It focuses on forex, indices, and metals trading on the MT5 platform.

AccumarketsReview Summary
Founded	2022
Registered Country/Region	South Africa
Regulation	FSCA (Exceeded)
Market Instruments	Forex, indices, metals
Demo Account	❌
Leverage	Up to 1:1000
Spread	From 1 pip
Trading Platform	MT5
Minimum Deposit	R50
Customer Support	Contact form, live chat
	Tel: +27 66 052 8229
	Email: support@accumarkets.co.za
	Physical address: 51 Shannon Road Noordheawel Krugersdorp Gauteng 1739
	Operating address: Accumarkets 36 Wierda Road Wierda Valley Johannesburg
	Social media: Instagram, Facebook, TikTok
Regional Restriction	US

　　Accumarkets was registered in 2022 in South Africa, which focuses on forex, indices, and metals trading. It provides three types of accounts, with a minimum deposit of R50 and the leverage can be up to 1:1000. Accumarkets was regulated by FSCA, but its license was exceeded. Apart from that, it does not provide services to US residents.

Pros and Cons

Pros	Cons
Low minimum deposit	High leverage ratio
MT5 supported	No demo accounts
Multiple channels for customer support	Exceeded FSCA license
	Limited types of assets
	Regional restrictions
	No popular payment options

Is Accumarkets Legit?

　　No, it was regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, but its license was exceeded, and the effective date is 14 October 2022.

Regulated Authority	Current Status	Licensed Entity	Regulated Country	License Type	License No.
Financial Sector Conduct Authority (FSCA)	Exceeded	Elite Financial Services (Pty) Ltd	South Africa	Financial Service Corporate	52677

What Can I Trade on Accumarkets?

　　Accumarkets offers three types of assets, including forex, indices, and metals.

Tradable Instruments	Supported
Forex	✔
Metals	✔
Indices	✔
Stocks	❌
Cryptos	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Accumarkets provides three types of accounts: Standard Account, 100% Bonus Account, and Cent Account. However, it does not mention whether a demo account is available or not.

Account Type	Minimum Deposit	Spread
Standard Account	R50	From 1 pip
100% Bonus Account	R50	From 1 pip
Cent Account	R50	From 1 pip

Leverage

　　Accumarkets does not specify the leverage ratio of different account types, and it only prensents a “comming soon 1 k leverage” plan, which shows the leverage can be 1:1000. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.

Trading Platform

　　Accumarkets uses MT5 as its trading platform, which is a commonly used platform and is suitable for experienced traders.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	PC, web, mobile, mac	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

　　Accumarkets accepts several types of payment methods: Ozow, Virtual pay, Paystack, DusuPay, and Match2Pay. Depositing is instant, and the processing time for withdrawal is generally within 24 hours. However, other details such as the accepted currencies and commission fees are not clear.