Score
ACCUMARKETS
https://www.accumarkets.co.za/
Website
Rating Index
MT4/5 Verification
MT4/5
White Label
Accumarkets-Live
Influence
C
Influence Index NO.1
MT4/5 Verification
MT4/5 Verification
White Label
Influence
Influence
C
Influence Index NO.1
Contact
Forex License 1
Single Core
1G
40G
1M*ADSL
- This broker has accumulated 2 negative field survey reviews on WikiFX. Please be aware of the risk and guard against potential fraud.

WikiFX Field Survey: This section presents on-site verification conducted to help confirm the authenticity of the broker's publicly available information. Based on a standardized review process, the WikiFX field survey team investigates the broker's office environment, team size, and actual business operations, helping investors better understand the broker's operating status and assess trading safety more intuitively.

WikiFX Field Survey: This section presents on-site verification conducted to help confirm the authenticity of the broker's publicly available information. Based on a standardized review process, the WikiFX field survey team investigates the broker's office environment, team size, and actual business operations, helping investors better understand the broker's operating status and assess trading safety more intuitively.

WikiFX Field Survey: This section presents on-site verification conducted to help confirm the authenticity of the broker's publicly available information. Based on a standardized review process, the WikiFX field survey team investigates the broker's office environment, team size, and actual business operations, helping investors better understand the broker's operating status and assess trading safety more intuitively.
Account Info 

This section presents the core trading conditions for each account type offered by this broker, including trading environment, maximum leverage, minimum deposit, minimum trade size, spreads, commissions, deposit and withdrawal methods, account currency, EA support, and available trading instruments. It helps users quickly compare account requirements, trading costs, and product coverage, so they can decide whether a specific account type fits their trading needs before opening an account.

This section presents the core trading conditions for each account type offered by this broker, including trading environment, maximum leverage, minimum deposit, minimum trade size, spreads, commissions, deposit and withdrawal methods, account currency, EA support, and available trading instruments. It helps users quickly compare account requirements, trading costs, and product coverage, so they can decide whether a specific account type fits their trading needs before opening an account.
- Trading Env.--
- Currency--
- Maximum Leverage1:500
- SupportedEA
- Minimum DepositR100
- Minimum Spreadfrom 1
- Depositing Method--
- Withdrawal Method--
- Minimum Trade Size--
- Commission--
- Trading InstrumentsForex, Indices, Metals
Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.
Compare with Platforms Similar to ACCUMARKETS
Verified Site 


This section presents the broker's verified website information, including official websites across different countries and regions, visitor location distribution, and related IP information. Users can use this section to identify the broker's official channels and regional websites, avoid unofficial or impersonation websites, and reduce access and trading risks.

This section presents the broker's verified website information, including official websites across different countries and regions, visitor location distribution, and related IP information. Users can use this section to identify the broker's official channels and regional websites, avoid unofficial or impersonation websites, and reduce access and trading risks.
accumarkets.co.za
99.83.190.102Server LocationUnited States
ICP Registration No.--Top Visitor Locations--Creation Date--Website Name--Company--
Relationship Map

This section presents the relationship map and suspected clone brokers related to this broker, including unverified platforms, clone firms, risk scores, operating history, and suspicious regulatory licenses. It helps users identify high-risk platforms with names or branding similar to the broker, avoid confusing legitimate brokers with impersonation platforms, and reduce risks to their funds and personal information.
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Company Profile
Company Profile
Review summary
| AccumarketsReview Summary | |
| Founded | 2022 |
| Registered Country/Region | South Africa |
| Regulation | FSCA (Exceeded) |
| Market Instruments | Forex, indices, metals |
| Demo Account | ❌ |
| Leverage | Up to 1:1000 |
| Spread | From 1 pip |
| Trading Platform | MT5 |
| Minimum Deposit | R50 |
| Customer Support | Contact 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 Restriction | US |
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.

Pros and Cons
| Pros | Cons |
| Low minimum deposit | High leverage ratio |
| MT5 supported | No demo accounts |
| Multiple channels for customer support | Exceeded 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 Authority | Current Status | Licensed Entity | Regulated Country | License Type | License No. |
| Financial Sector Conduct Authority (FSCA) | Exceeded | Elite Financial Services (Pty) Ltd | South Africa | Financial Service Corporate | 52677 |

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 Type | Minimum Deposit | Spread |
| Standard Account | R50 | From 1 pip |
| 100% Bonus Account | R50 | From 1 pip |
| Cent Account | R50 | From 1 pip |

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 Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | PC, web, mobile, mac | Experienced traders |
| MT4 | ❌ | / | Beginners |

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.


Company Profile
- 2-5 years
- Regulated in South Africa
- Derivatives Trading License (EP)
- White label MT5
- Regional Brokers
- High Potential Risk
News

Exposure Behind the Regulated Facade: Is ACCUMARKETS Freezing Out Successful Traders?
ACCUMARKETS holds a valid FSCA license but carries a 1.90 WikiFX score with multiple user complaints alleging frozen accounts and voided withdrawals. This review examines whether the regulation offsets the documented risks.

Exposure WikiFX Review: Is Accumarkets Reliable?
Accumarkets is an online forex broker offering a bunch of financial instruments. Recently this broker has come to our eyes. In this article, we want to show you the reliability of Accumarkets by analyzing different aspects.
Wiki Q&A
Is ACCUMARKETS safe and reliable?
According to WikiFX data, ACCUMARKETS has a WikiFX score of 4.26 and is classified as regulated. The listed license is a South Africa FSCA Derivatives Trading License (EP), status Regulated, regulation number 52677, held by ELITE FINANCIAL SERVICES (PTY) LTD. This license should not automatically be attributed to every entity operating under the ACCUMARKETS brand. The broker has an operating history of 2–5 years and is listed as a Regional Broker registered in South Africa. A score, regulatory listing, or operating history should not be treated as an assurance of safety or reliability. The level of regulatory protection can depend on the specific legal entity, license status, product, and client jurisdiction. Overall, WikiFX assessment indicates that ACCUMARKETS has a regulatory framework, but users should evaluate the relevant entity and jurisdiction before forming a conclusion.
Is ACCUMARKETS regulated?
According to WikiFX data, ACCUMARKETS is shown as regulated. The license list includes one Forex License: a South Africa FSCA Derivatives Trading License (EP), status Regulated, regulation number 52677, under holding company ELITE FINANCIAL SERVICES (PTY) LTD. No abnormal licenses are listed. WikiFX data does not list other licenses for ACCUMARKETS. This license is associated with the named holding company and should not be assumed to cover every entity operating under the ACCUMARKETS brand. Regulatory protection depends on the specific entity, license status, product, and client jurisdiction.
What is the minimum deposit of ACCUMARKETS?
According to WikiFX data, the minimum entry condition varies by account type. The Cent, 100% Bonus, Standard, and 100% Micro Bonus accounts list an entry condition of R50, while the 200% Bonus Account lists an entry condition of R100. Therefore, the lowest listed minimum deposit or entry condition among the account types is R50. The currency shown in the account data is R, which corresponds to the listed South African context.
Does ACCUMARKETS support MT4 or MT5?
According to WikiFX data, ACCUMARKETS does not have MT4 listed. The identification result shows 0 MT4 accounts and 1 MT5 account. The listed MT5 service is described as White Label MT5 with status 4. Therefore, ACCUMARKETS supports MT5, while MT4 is not shown as supported.
User Feedback4
Comment 4


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