History
Accendo Markets is primarily an advisory firm that also provides “execution only” facilities. The company used to utilise CMC’s DealBook 360 software but now seems to have switched to IG’s PureDeal platform. AccendoMarkets make clients a power of attorney letter to open an account with them which is very unusual for an execution broker.
Products Covered
Accendo allows spread betting on many different types of underlying markets such as Equities, Indices, Commodities, Bonds, Forex and Interest Rates. Equity bets cover a range of 21 countries in the EU, Africa, Asia and the US. One can also bet on a large number of stock indices from around the world.
Pros
Accendo offers extremely tight spreads on some of the major indices and allows dealing 24 hrs a day depending on which markets are open for trading at the time.
Users can also make use of the demo practice account to make virtual trades before taking the plunge into the real thing. Accendo also provides Level 2 data that gives experienced traders the in depth information they need to gauge the markets accurately. For CFD trades, Accendo also offers DMA access to the markets.
Support Hours
Accendo’s help desk is open from 8am to 9pm during market hours.
Products Covered
Accendo allows spread betting on many different types of underlying markets such as Equities, Indices, Commodities, Bonds, Forex and Interest Rates. Equity bets cover a range of 21 countries in the EU, Africa, Asia and the US. One can also bet on a large number of stock indices from around the world.
Pros
Accendo offers extremely tight spreads on some of the major indices and allows dealing 24 hrs a day depending on which markets are open for trading at the time. Accendo Markets boasts that if offers dedicated market analysts with institutional grade reports, news and data.
Users can also make use of the demo practice account to make virtual trades before taking the plunge into the real thing. Accendo also provides Level 2 data that gives experienced traders the in depth information they need to gauge the markets accurately. For CFD trades, Accendo also offers DMA access to the markets for free. This is quite an exceptional deal and very few other trading companies offer such a service.
Verdict
If you are looking for execution only services there is better value out there.