AccuIndex -Overview of Min. Deposit, Spreads & Leverage

Who is the Accuindex？

Accuindex is a forex brokerage established in 2016 in Cyprus, headquartered in Limassol, Cyprus, offering currency pairs and CFDs on bullion, indices, energies commodities. Accuindex is authorized and licensed by Cyprus Securities and Exchange Commission, with an STP license, registration number 340/17. Tradable financial instruments on offer include currency pairs, bullions, energies, indices, commodities.

Minimum Deposit & Leverage

The maximum leverage for Forex on Accuindex platform is up to 1:400, for gold spot up to 1:200, silver spot up to 1；100，indices up to 1:200, UK Brent oil 1:1.4, UK Crude oil (Cash) 1:1.4, US Natural Gas 1:1.Accuindex broker comes with a choice of two account types, Standard and ECN. The former requires a minimum deposit of $100, and the latter is a Forex-only account that requires a deposit of $5,000. Both accounts can offer free demo accounts. Applications can be submitted via an online form. Since Accuindex remains regulated in two jurisdictions, account verification is mandatory. Traders can satisfy it by sending a copy of their ID and one proof of residency document not older than three months

Spreads & Commissions

There are some average spreads shown on Accuindexs official website, such as the average spreads on EURUSD 1.5 pips, AUDUSD 1.6 pips, EURGBP 1.6 pips, average spreads on gold spot 2.6 pips, silver spot 2.1 pips, Dow Janes 3 pips, NASDAQ 100 3 pips. Obviously, spreads offered by Accuindex is much higher than most brokers, and investors should pay attention to the fact that wide spreads means high transaction fees. Additionally, Accuindex implements a commission-free Forex and CFD trading environment and low applicable commissions for futures trading.

Deposit & Withdrawal

Last but not the least, AccuIndex withdrawals and deposits are powered by four different methods: bank wire transfer, credit/debit cards, Neteller, and Skrill. What‘s strange about these methods is that investors don’t specifically know what commissions AccuIndex imposes on them; what they know, however, is that there might be some charges applied to your transactions.