Overview Of Elite Financial Services (Pty) Ltd
Accumarkets Is A South Africa-based Financial Services Company That Is Not Regulated By The Financial Conduct Authority (FSCA). The Company Associated With Elite Financial Services (Pty) Ltd Has Exceeded Its Licensing Status, Raising Concerns About Its Legality. Accumarkets' Warning Indicates A Low Score And Advises Caution When Trading With The Company. Suspicious Activity Related To Its Scope Of Business Further Increases The Latent Risk Associated With Accumarkets.
The Company Offers A Range Of Market Instruments For Trading, Including Forex Pairs, Indices And Commodities. Traders Can Access Major And Cross Currency Pairs In The Forex Category, Enabling Them To Participate In The Global Forex Market. Popular Stock Market Indices From Around The World Are Also Available For Trading, Providing The Opportunity To Speculate On Market Trends. In Addition, Accumarkets Also Offers Tradable Assets In Commodity Markets, Such As Gold, Silver, Crude Oil, Natural Gas, And Agricultural Commodities. Investors Can Build Positions Based On Price Fluctuations.
Accumarkets Offers Different Types Of Trading Accounts, Including Standard Accounts, 100% Bonus Accounts, And Sub-accounts. Each Account Type Requires A Minimum Deposit Of $5, With Spreads Starting At 1 Pip. Traders Can Choose From A Variety Of Payment Options For Accessing And Withdrawing Funds, Including Instant Smart EFT Payment Services Such As Ozow, As Well As Virtual Payments And Digital Payment Platforms Such As Paystack. However, Wold-be Users Should Proceed With Caution And Be Aware Of The Latent Risks That May Exist When Trading With Accumarkets Due To Its Lack Of Regulation And Suspected Suspicious Activity.
Pros And Cons
Accumarkets Offers Multiple Advantages, Such As Access To A Wide Range Of Forex, Indices, And Commodities For Trading. The Availability Of Multiple Account Types Allows Users To Choose An Account That Suits Their Needs. In Addition, Accumarkets Offers Multiple Payment Options, Giving Users The Option To Deposit And Withdraw Money. The Presence Of The MT5 Trading Platform On Different Devices. In Addition, The Minimum Deposit Requirement Is $5, Making It Accessible To Traders Of Different Budget Levels.
However, Several Disadvantages Need To Be Considered. Accumarkets Is Not Regulated By The Financial Conduct Authority, Which Can Raise Concerns About The Safety And Reliability Of Funds. Lack Of Leverage Information Can Be A Disadvantage For Traders Who Rely On Leverage-based Trading Strategies. In Addition, Accumarkets Lacks Trading Tools And Educational Resources To Help Traders Make Informed Decisions. Lack Of Clear Information Regarding The Terms And Conditions Of The Funds Access And Withdrawal Procedures Can Lead To Confusion Or Uncertainty. In Addition, There Is No Specific Information Regarding The Availability Of Specific Market Instruments Or Trading Conditions. Finally, Accumarkets Does Not Offer Demo Accounts, Which Can Be A Disadvantage For Traders Who Prefer To Practice And Test Strategies Before Investing Real Money.
Regulatory Information
Accumarkets Are Not Regulated In The South African Financial Conduct Authority. The License Type Associated With Accumarkets Is "Financial Services Corporation", But It Has Exceeded Its Current Status. The Authorizing Authority, Elite Financial Services (Pty) Ltd, Is Associated With Accumarkets, But It Is Important To Note That Accumarkets Has A Warning Indicating A Low Rating And Advises People To Stay Away. Previous Testing Has Shown That Accumarkets Are Beyond The Scope Of Business As Stipulated By The South African FSCA And The National Futures Association - UNFX Non-foreign Exchange Licenses. In Addition, It Is Also Mentioned That Accumarkets Does Not Have Trading Software. This Information Indicates That Trading With Accumarkets May Be Risky And Caution Should Be Exercised.
Market Tools
Accumarkets Provides A Range Of Market Tools For Trading, Including Forex Pairs, Indices, And Commodities.
Forex: Within The Forex Category, Traders Have Access To Major Currency Pairs Such As EUR/USD, GBP/USD, And USD/JPY, As Well As Cross Currency Pairs Such As EUR/GBP And GBP/JPY. These Currency Pairs Allow Traders To Participate In The Global Forex Market And Potentially Profit From Exchange Rate Fluctuations.
Indices: When It Comes To Indices, Accumarkets Provides Access To Popular Stock Market Indices Around The World. Traders Can Trade Indices Like The S & P 500, Dow Jones Industries Average Index, FTSE 100, Germany DAX 30, And Nikkei 225. These Indices Represent The Overall Performance Of A Particular Market And Provide Traders With The Opportunity To Guess The Direction Of Stock Market Trends.
Commodities: In Commodity Markets, Accumarkets Offers A Range Of Tradable Assets Such As Gold, Silver, Crude Oil, Natural Gas, And Agricultural Commodities. Trading Commodities Allows Investors To Invest In The Price Movements Of These Physical Commodities, Which Are Influenced By Factors Such As Supply And Demand Dynamics, Geopolitical Events, And Economic Conditions.
Account Type
Standard Account: The Standard Account Offered By Accumarkets Has A Minimum Deposit Requirement Of $5. The Spread Range For This Account Type Is 1 Pip. Traders Using The Standard Account Have Access To Multiple Instruments Including Forex, Indices And Precious Metals. The Trading Platform Offered By This Account Type Is MT5. The Processing Time For Withdrawing Funds From The Standard Account Is Instant.
100% Bonus Account: Accumarkets Also Offers A 100% Bonus Account With A Minimum Deposit Requirement Of 5 Dollars. Similar To The Standard Account, The Spread Range For This Account Type Is 1 Pip. Traders Can Trade Forex, Indices And Precious Metals. The Platform Offered By This Account Type Is MT5. In Addition, The 100% Bonus Account Comes With A 100% Bonus Offer. However, Hedging Trades Are Not Allowed On This Account Type. Withdrawal Of Funds From The 100% Bonus Account Is Processed Quickly.
Cent Account: Accumarkets Provides A Cent Account With A Minimum Deposit Requirement Of 5 Dollars. The Spread Range For This Account Type Is 1 Pip. Traders Have Access To Forex, Indices And Precious Metals Instruments. The Platform Offered By Cent Account Is MT5. Similar To The 100% Bonus Account, Hedging Is Not Allowed On This Account Type. Withdrawals From Cent Account Will Be Processed Immediately.
How Do I Open An Account?
To Open An Account With Accumarkets, Follow These Steps:
1. Visit The Accumarkets Website And Click On The "Trade Now" Button To Begin The Registration Process.
2. Fill In The Necessary Registration Information Including Your Salutation, First Name, Last Name, Country, Phone Number And Email Address.
3. Confirm That You Have Read, Understood And Agreed To The Privacy Policy, Anti-Money Laundering Policy, Bonus Terms And Conditions And Trading Terms And Conditions.
4. Click On The "Continue" Button To Continue Registration.
Spreads
Accumarkets Offers A Starting Spread Of 1 Pip For All Trading Account Types, Including Standard Account, 100% Bonus Account, And Sub-Account.
Minimum Deposit
Accumarkets Requires A Minimum Deposit Of 5 Dollars For All Of Its Trading Accounts, Including Standard Account, 100% Bonus Account, And Sub-Account.
Deposits And Withdrawals
Deposits And Withdrawals: Accumarkets Offers Several Payment Methods For Depositing And Withdrawing Funds. One Of These Is Ozow, An Instant Smart Electronic Funds Transfer Payment Service. It Enables Users To Transfer Online Payments Directly Into Their Accumarkets Trading Account. Another Option Is Virtual Pay, A Digital Payment Platform That Provides Simple Transactions Through Various Payment Solutions Around The World. There Is Also Paystack As A Fast Digital Payment Solution. In Addition, Match2Pay Allows Users To Make Fast Payments And Supports Multiple Cryptocurrencies.
Trading Platform
Accumarkets Offers Its Users A Diverse Trading Platform. The First Option Is MT5, A Powerful And Multi-asset Platform Favored By Successful Traders Around The World For Forex, Exchange Instruments And Futures Trading. In Addition, Contracts For Difference (CFDs) Trading Is Offered, Enabling Users To Diversify Their Investments By Speculating On Price Fluctuations Of Various Financial Instruments Such As Stocks, Indices, Commodities And Cryptocurrencies.
Accumarkets Offers A Web-based Trading Platform Called Web Trader. It Offers A User-friendly Interface, Real-time Charts And Analytical Tools That Can Be Used On Any Internet-connected Device. Traders Who Prefer To Trade Anytime, Anywhere Can Take Advantage Of The Mobile Trading Platform To Execute Trades, Monitor Positions And Receive Market Updates Directly On Their Smartphones Or Tablets.
Customer Support
Accumarkets Provides Customer Support Through Multiple Channels, Including Email And A Contact Form On The Website. Users Can Contact Their Support Team By Sending An Email To [email protected]. The Contact Form Asks Customers To Fill In Their First Name, Last Name, Email Address, Mobile Number And Message. There Is Also An Option To Receive Newsletters About New Products, Feature Updates And Forex Insights.
