Accendo Markets Review

Accendo (also known as Accendo Markets) are an online trading service and spread betting provider, offering access to a variety of markets and Forex to private retail clients. Established in 2007, the company strives to provide clients with round the clock access to a wide variety of trading markets. The personal touch is what brings Accendo to the table, as they provide access to a professional trader who will act as a personal account manager. Accendo will keep you ahead of the pack, teach you how to trade, establish you in the market and offer you a well-rounded spread betting experience.

Trading Platforms

Accendo utilise some of the biggest online trading platforms in the world, making them a major player in the realm of spread betting. Their service tagline is “designed by traders, for traders” and it is safe to say that such sentiment isn’t just a marketing catchphrase. Their state-of-the-art software is advanced in features yet comes with an intuitive UI, as it is designed to be used by all types of traders, including those who dedicate themselves solely to spread betting. Being web-based means that Accendo’s trading platform can be used from anywhere that an Internet connection is available. The platform also comes loaded with customisable features, including live news feeds, trading charts and technical indicators.

Account Types

Signing up to a spread betting account with Accendo couldn’t be easier, simply log-on to the site and complete the short online application form. If online applications aren’t for you and you would like to discuss account options in more detail, you can speak to one of their dedicated customer service advisors on the phone instead. Remember, when you open an Accendo account there is no minimum deposit required and no obligation to trade.

Spreads and Commissions

Accendo make their money by including a spread on each transaction made, so users shouldn’t have to worry about paying commission or coming across any hidden charges. The spread is the figure added to the underlying market price. Those who are trading within the United Kingdom can further benefit from using Accendo, as they will not be charged capital gains tax or income tax from their spread betting profits.

Pros

The spread betting market is without doubt overcrowded, so it takes something special to make a firm stand out. Accendo have forged a reputation for quality, offering clients consistently tight spreads and round the clock offerings from some of the world’s leading markets. When choosing Accendo, DMA comes at no extra cost, which is something particularly noteworthy. Partnering the aforementioned with a versatile demo account, it isn’t hard to see why Accendo’s client base continues to expand.

Cons

No spread betting company is perfect and Accendo are not an exception to that rule. What holds them back is their customer service, which has been noted to be poor in terms of attentiveness. Slow turn around times have brought on criticism from users, with their CFD advisory service having also been called into question.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.