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Accumarkets

South Africa | 2-5 years |
Regulated in South Africa | Financial Service Corporate | White label MT5 | Regional Brokers | Suspicious Overrun | High potential risk

https://www.accumarkets.co.za/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

AccuMarkets-Live

South Africa
MT5
3

Influence

C

Influence index NO.1

South Africa 3.69

MT4/5 Identification

MT4/5 Identification

White Label

3
Server Name
AccuMarkets-Live MT5
Server Location South Africa

Influence

Influence

C

Influence index NO.1

South Africa 3.69
Surpassed 19.70% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+27 110839132
support@accumarkets.co.za
https://www.accumarkets.co.za/
WeWork South Africa, 155 West Street, Sandown, Sandton, Gauteng

Licenses

Licensed Entity:Elite Financial Services (Pty) Ltd

License No. 52677

Keywords 7
2-5 years
Regulated in South Africa
Financial Service Corporate
White label MT5
Regional Brokers
Suspicious Overrun
High potential risk
Warning: Low score, please stay away!
2025-04-30
  • The number of this brokers's negative field survey reviews has reached 2. Please be aware of the risk and the potential scam!
2

Basic Information

Registered Region
South Africa
Operating Period
2-5 years
Company Name
Elite Financial Services (Pty) Ltd
Abbreviation
Accumarkets
Company employee
--
Customer Service Email Address
support@accumarkets.co.za
Contact Number
+27110839132
Company address
WeWork South Africa, 155 West Street, Sandown, Sandton, Gauteng

Skhutman

South Africa

I was is in profit on the m30 chart but it still shows losses I would recommend it to anyone

Exposure

2023-11-15

Shadow 2020

South Africa

This broker at first was fine but soon it started showing its ugly side ,I had 60k pending withdrawals of 5k each in total 15k I was then sent an email on the 26th of September saying that my account is under review,I was told this investigation will be for a period of 7 Days but it ended up going on for 2 weeks ,I was then sent an email by neo brokers stating my money was voided and no refund will be made , I was told that I used trading strategies that was not allowed but they never specified anything,so please stay away from this broker it's a Ponzi scheme

Exposure

2023-10-17

WOLF OF FOREX

South Africa

Accumarkets disabled my trading account and froze my account then sends me a letter stating they will refund my deposits, my trade is still active as nas100 has dropped around 1000 pips from entry Profit is in excess of R1milThey placed me on an investigation for over 1 month I will be taking legal action against them and also opening a fraud case This also happened on alpha markets They frozen my account I took R20000 to R280000They disabled website access and also my trading account See screenshots 

Exposure

2023-10-07

Max Lewis

Netherlands

On the positive side, their platform was smooth and user-friendly for executing trades quickly. Spreads were also competitive on certain major currency pairs. But I did hit some bumps too. Withdrawals took a full week to process - slower than ideal. And their exotic currency pair spreads were on the high side.

Neutral

2023-10-10

FX4256241702

South Africa

I recommend this broker with this reasons. Fast withdrawal and deposit. Bonus, good spread and laverage is good especially when you trade indices.

Positive

02-19

Viku trader

India

A perfect broker with low spread in indices and great support with deposit and withdrawal with USDT 🔥💯

Positive

2023-07-09

6
Account
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Official website

Website

  • accumarkets.co.za

    Server Location

    United States

    Website Domain Name

    accumarkets.co.za

    Server IP

    99.83.190.102

Genealogy

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Relevant Enterprises

Company Summary

AccumarketsReview Summary
Founded2022
Registered Country/RegionSouth Africa
RegulationFSCA (Exceeded)
Market InstrumentsForex, indices, metals
Demo Account
LeverageUp to 1:1000
SpreadFrom 1 pip
Trading PlatformMT5
Minimum DepositR50
Customer SupportContact 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 RestrictionUS

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.

Accumarkets' homepage

Pros and Cons

Pros Cons
Low minimum depositHigh leverage ratio
MT5 supportedNo demo accounts
Multiple channels for customer supportExceeded 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 AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.
Financial Sector Conduct Authority (FSCA)ExceededElite Financial Services (Pty) LtdSouth AfricaFinancial Service Corporate52677
Exceeded FSCA license

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 TypeMinimum DepositSpread
Standard AccountR50From 1 pip
100% Bonus AccountR50From 1 pip
Cent AccountR50From 1 pip
Account comparison

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 PlatformSupported Available Devices Suitable for
MT5PC, web, mobile, macExperienced traders
MT4/Beginners
MT5

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.

Payment methods
Deposit and Withdrawal

Keywords

  • 2-5 years
  • Regulated in South Africa
  • Financial Service Corporate
  • White label MT5
  • Regional Brokers
  • Suspicious Overrun
  • High potential risk

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