ACT Markets-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

ACT Markets is a forex broker form Nigeria, operated by Alpha Cosmos Trading Markets. Unfortunately, there is zero evidence that this company is an officially regulated broker. So, this leave us with no choice but to conclude that it is dangerous to trust a broker like ACT Markets

Markets Instruments

ACT Markets offers trading in Forex currency pairs, Indices, Shares, Metals, Energy and Crypto currency.

Minimum Deposit

ACT Markets have 4 account types with minimum deposit starting at $5 only, plus customers can also deposit in local Nigerian currency. Although ACT Markets require low account opening amount, this platform is unsafe to register real trading accounts.

Leverage

ACT Markets offers the leverage up to 1:500, which is quite generous. However, traders need to note that trading with an unregulated broker offering high trading leverage is not a good option, as leverage can amplify gains as well as losses.

Spreads & Commissions

Different trading accounts offer varied trading conditions. Spreads on the Micro account start from 2.5 pips, and from 1.5 pips, 0 pips in the Variable account and the VIP account.

Trading Platform

ACT Markets MetaTrader 5 offers a wide range of options for different goals which includes a user-friendly platform with more features, advanced trading tools, superior support, and total control of your trades for an enhanced trading experience and, many more.

Deposit& Withdrawal

When it comes to deposit and withdrawal payment methods, ACT Markets support traders to fund their accounts through VisaCard, MasterCard, Flutterwave, Paystack, Quickteller, Onlinenaira, UBA, Bank Wire. ACT Markets claims that there is no Commission on deposit and withdrawal.

Customer Support

Client Support: info@actmarkets.com

IB Support: partners@actmarkets.com

Phone 1: + (234) 9132595808

Phone 2: + (234) 8160222831

Customer Support Hour: Mon-Fri: 8:00am -05:00pm.