Accuindex
1.8

Accuindex

Regulation: CySEC Cyprus, Financial Service Commission (FSC) in Mauritius

Pros
  • Variety of payment methods including cryptocurrencies
  • Reasonable commission-free trading fees in the Pro account
  • Excellent research and education for beginner
Cons
  • Raw account does not support algorithmic trading
  • No negative balance protection on the Raw account

Reviewed broker: Accuindex

Established in 2016

Location: Cyprus, Mauritius, and the UAE

Regulation: CySEC Cyprus, FSC Mauritius

Trading instruments: Currencies, Commodities, Indices, Stocks, Futures, Crypto

Trading Features and Conditions

Broker trading type: ECN, STP, Market Maker

Accuindex offers its clients an extensive selection of over 300 trading instruments including Forex, commodities, indices, metals, CFDs, and stocks. By providing a maximum leverage of 1:400, traders have the potential to maximize their profits while still maintaining effective risk management strategies.

What Can You Trade with Accuindex?

  • 28 forex pairs. The list includes the most popular currencies, such as EUR/USD and GBP/JPY.
  • 4 commodities. Gold, silver, WTI Oil and Brent Oil are available for trading.
  • 177 stocks. The list includes stocks from the U.S., Hong Kong, Germany, the UK, France, and Spain.
  • 11 indices. Accuindex offers the most popular world indices like Dow, DAX, and S&P 500.
  • 33 futures. Traders have access to various maturities on energy and indices.
  • 4 cryptocurrencies. Accuindex provides access to Bitcoin, Ethereum, Litecoin, and Ripple.

Accuindex offers tight and variable spreads for its trading accounts, with an average spread of 1.5 pips for EUR/USD in Forex trading, according to our research.

Additionally, the broker offers competitive spreads for CFDs and fast order execution, ensuring efficient and cost-effective trading solutions for its clients.

Types of accounts

Accuindex’s Free Demo Account

Not ready to commit real capital yet? Open an Accuindex free demo account to develop your trading skills without any financial risk. With a virtual balance, you can explore trading platforms, test strategies, and get a feel for trading with real-time market conditions. Switch to a live account effortlessly once you are ready to start placing live trades.

Standard Account

 Minimum deposit: USD100

 Spread: from 1.4

 Commission: None

 Leverage: 1:400

 Account currency: USD

Use of expert advisors for automated trading

 Stop out level: 20%

Copy Trading Account

Minimum opening balance $100

Leverage 1:400

Spreads from 1.4

No commissions

Use of expert advisors for automated trading

Stop out level 20%

Raw Account

Minimum opening balance $25,000

Leverage up to 1:400

Spreads from 0

Commissions of $2.5 per side

Stop out level 50$

Pro Account

Minimum opening balance $5,000

Leverage up to 1:400

Spread from 0.8

No commissions

Use of expert advisors for automated trading

Stop out level 30%

All live trading accounts with Accuindex come with a comprehensive set of features, and traders can enjoy:

Competitive Spreads – Enjoy the flexibility of variable spreads.

Hedging Options – Simply monitor and hedge your positions to mitigate risk

Credit Card Funding – Easily fund your account via AccuPay, Wire Transfer, Skrill, Neteller, and more.

Daily Market Reports – Stay informed with daily market analysis & reports

Trading Platforms

Traders can use the out-of-the-box MT4/MT5 trading platforms. They are available as powerful desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. Both fully support algorithmic trading and have embedded copy trading services. MT4 remains the most versatile trading platform with 25,000+ EAs, custom indicators, and templates. Accuindex provides MT4 for Windows devices, while MT5 is available on Windows and MacOS. Traders can use the mobile apps for both trading platforms on Android and iOS devices.

General Ease of Use

MT5 is an advanced trading platform that could be tailored to traders’ needs. The interface is rather intuitive, although some traders may want to search for tutorials to take a deep dive into MT5’s capabilities. In general, advanced traders would have no problems with MT5, while beginners have to spend some time learning the basics of this platform.

Beginner traders should go through various chart options, indicators, drawing tools, and orders. Also, they may need to learn how to create their watchlists and manage their trading positions. Nevertheless, this work requires some time and effort, traders who invest in that ultimately receive a powerful tool that helps achieve better trading results.

Charts

MT5 offers 97 indicators and 21 timeframes, which is more than enough to customize your charts and adjust them to your needs.

Trend indicators, oscillators, volumes, Bill Williams indicators, and custom indicators help to design the chart you need.

Available timeframes range from 1 minute to 1 month so they provide the trader with an opportunity to take a look at short-term developments and significant multi-month trends.

MT5 also supports objects:

  • lines
  • channels
  • Gann tools
  • Fibonacci tools
  • Elliott tools
  • shapes

Many traders use these popular tools to make decisions, so their presence is a must for any reputable trading platform.

Each chart could be displayed as a bar, a candlestick, and a line. Candlesticks are generally the most popular among traders as they suggest plenty of various patterns that are used for making trading decisions. Although, other types of charts also have their fans.

MT5 charts are accessible even to novice traders but they also offer enough options for experts.

Orders

MT5 offers all main order types including:

  • Market order. This order is used to buy or sell the instrument at the current market price. It is used when the trader needs to establish a position in the fastest possible way. The main downside of the market order is the necessity to pay a spread, which is a difference between the bid price and the ask price.
  • Limit orders. This order is used to buy or sell the instrument at a pre-set price or better. A limit order is used when the trader wants to get a specific entry point and is unwilling to pay the current market prices.
  • Stop-loss orders. Stop-loss orders are used to get you out of the position when the price is moving in the wrong way. The order is triggered when the price reaches a specified point.
  • Stop limit orders. This is a stop-loss order which puts a limit order instead of a market order when it is triggered. This is a dangerous way to get out of the position and it should be used only by experienced traders.
  • Trailing stop orders. This order allows you to set a stop order that will move if your open position trends in the right direction. This order is used to protect your profits in case the market direction reverses.

Different expiration types are available for all pending orders, including GTC (good-till-cancel), Today, Specified, and Specified Day.

Accuindex Mobile App

In this review, we have tested the Accuindex MetaTrader 5 Mobile App for Android and iOS.

General Ease of Use

The MT5 mobile app for Android is rather easy to use. It provides charts, quotes, account balance info, economic calendar, news, and other tools giving traders an opportunity to make informed trading decisions.

Charts

MT5 mobile app offers:

  • 30 technical indicators
  • 24 drawing tools
  • 9 timeframes
  • 3 chart types

This selection of options is sufficient for mobile-based trading. Typically, the mobile app is used when the trader does not have access to the desktop platform but needs to monitor the market and open positions. While the app is helpful in certain circumstances, it is not as efficient as the desktop platform, which remains the primary solution for traders who require fast and active trading capabilities.

Payment Methods

When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider. The minimum deposit amount required to open a broker account with AccuIndex is $100 for the Executive Account, which is the broker’s standard retail account option.

More advanced accounts will require a higher minimum deposit. The VIP account has a minimum deposit of $15 000 and the Pro Account has a minimum deposit of $30 000.

Payment options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, BitPay, CASHU, Ether/Ethereum, Litecoin, Neteller, Other Crypto Currencies, PerfectMoney, Skrill, Tether (USDT), ThunderXPay

Withdrawals at Accuindex are easy and fast for clients. The processing time of withdrawals may differ based on the withdrawal method, but typically, it takes 24 hours.

How Withdraw Money from Accuindex Step by Step:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with necessary requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your Dashboard

Accuindex Education

Accuindex offers some educational materials through its Accu academy, as well as provides market news, and an economic calendar. However, we found that the broker does not provide comprehensive learning materials, seminars, or webinars, which are crucial for beginner traders.

Customer Support

Accuindex provides 24/5 customer support, but during my review, I could only interact with their chatbot during regular business hours. Therefore, I recommend e-mail support for non-urgent matters, and I appreciate the availability of phone support for urgent questions. The FAQ section offers limited answers to common issues.

How was the rating of Accuindex performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Accuindex FX broker performance and features. 

Overall our online Accuindex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Accuindex or you find inaccurate details Accuindex broker review please get in touch with us and the changes will be applied.   

Regulated broker with competitive trading conditions

4.0
Regulation and Security
1.0
Platforms and Features
1.0
Deposit and Withdrawal
1.0
Educational Material
1.8 Overall Rating

top forex broker

 

New Brokers

Regulation: Financial Conduct Authority (FCA)

Regulation: CySEC

Regulation: CySEC Cyprus, FSA St Vincent, FSCA Financial Sector Conduct Authority South Africa

Regulation: UK by the Financial Conduct Authority FCA , Australian Securities and Investments Commission ASIC, Cysec Cyprus, Financial Sector Conduct Authority South Africa FSCA

Regulation: Central Bank of Ireland, ASIC, FSCA, Japan, Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA) Cyprus Securities and Exchange Commission, Israel Securities Authority

© ForexExplore.com 2007 – 2024 Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews 2024, market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.