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The WikiFX Score of this broker is reduced because of too many complaints!

AccuIndex

Mauritius|5-10 years|
Regulated in Cyprus|Straight Through Processing(STP)|MT4/5 full license|Global Business|High potential risk|

https://www.accuindex.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

10
Server Name
AccuindexLimited-Demo MT4
Server Location United Kingdom

Contact

+357 25 262207
info@accuindex.eu
https://www.accuindex.com/
The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Disclosure

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Warning

ID BAPPEBTI
2023-04-20
Blocking 218 Website Domains, CoFTRA Reminds Investment Risks in Illegal Entities
AccuIndex
Fidelcrest
InstaForex

Danger

ID BAPPEBTI
2022-09-20
"Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities"
AccuIndex
OctaFX
Globalanalytics

Danger

ID BAPPEBTI
2022-09-20
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
AccuIndex
Fidelcrest
InstaForex

Contact number

English

+357 25 262207

English

+230 464 4888

Broker Information

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Company Name

Accuindex Limited

Company Abbreviation

AccuIndex

Platform registered country and region

Mauritius

Company website
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Linkedin

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2024-03-02
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    AccuIndex · Company Summary

    AccuIndex Review Summary
    Founded 5-10 years
    Registered Country/Region Mauritius
    Regulation CYSEC
    Market Instruments forex, metals, indices, energies, stocks
    Demo Account Available
    Leverage 1:400
    EUR/USD Spread 1.4 pips (Std)
    Trading Platforms MT4/5
    Minimum Deposit $100
    Customer Support telephone, email, online messaging, live chat

    What is AccuIndex?

    AccuIndex is a brokerage firm that offers a variety of trading instruments across different asset classes, including forex, metals, indices, energies, and stocks. They provide multiple types of trading accounts, each with varying minimum deposit requirements. AccuIndex also offers a maximum leverage of 1:400 across all account types. AccuIndex is regulated by CYSEC (Cyprus Securities and Exchange Commission) under the license type of Straight Through Processing, with License No. 340/17. However, there have been reports of difficulties with fund withdrawals, which is a concerning factor.

    AccuIndex's home page

    Pros & Cons

    Pros Cons
    • Regulated by CYSEC • Reports of withdrawal issues
    • Variety of account types
    • Competitive spreads

    AccuIndex Alternative Brokers

    There are many alternative brokers to AccuIndex depending on the specific needs and preferences of the trader. Some popular options include:

    • TD Ameritrade - Known for its comprehensive research offerings, educational resources, and a user-friendly trading platform, TD Ameritrade is a solid choice for investors seeking a combination of investment guidance and self-directed trading options.

    • Forex.com - As a leading forex broker, it provides a wide range of currency pairs, a robust trading platform, and high-quality research tools, making it an excellent option for forex traders.

    • IG - A globally recognized broker known for its competitive spreads, extensive market coverage, and user-friendly platforms - recommended for traders of all levels seeking a reliable and feature-rich trading environment.

    Is AccuIndex Safe or Scam?

    AccuIndex is regulated by CYSEC (Cyprus Securities and Exchange Commission) under the license type of Straight Through Processing, with License No. 340/17. Regulation by a reputable financial authority like CYSEC is generally a positive sign, as it implies that the broker operates under certain regulatory standards and compliance measures designed to protect traders.

    regulated by CYSEC

    However, the reports of difficulties in withdrawing funds are a cause for concern. While regulatory oversight can enhance trust, it does not guarantee that all operational aspects of a brokerage are flawless. Issues related to fund withdrawals can be indicative of operational or customer service problems.

    Market Instruments

    AccuIndex is a versatile brokerage firm offering a wide range of market instruments across various asset classes. These instruments include:

    • Forex (Foreign Exchange): Forex trading involves the buying and selling of currencies. Traders speculate on the exchange rate movements between currency pairs, such as EUR/USD or GBP/JPY.

    • Metals: This typically includes trading in precious metals like gold, silver, platinum, and palladium. These metals are often seen as safe-haven assets and are traded both for speculation and as a store of value.

    • Indices: Index trading involves speculating on the price movements of stock market indices, like the S&P 500, NASDAQ, or Dow Jones Industrial Average. Traders can take positions on whether an index will rise or fall.

    • Energies: Energy trading encompasses commodities like crude oil, natural gas, and heating oil. Traders can speculate on the future price movements of these energy resources, influenced by factors such as supply and demand dynamics and geopolitical events.

    • Stocks: Trading stocks involves buying and selling shares in individual companies listed on stock exchanges. Traders can profit from price fluctuations in these equities and may also receive dividends if they hold dividend-paying stocks.

    Market Instruments

    Account Types

    AccuIndex provides traders with a variety of account options tailored to meet the diverse needs and experience levels of its clients. These accounts include Standard accounts, PRO accounts, and Raw accounts, each with its unique characteristics and minimum deposit requirements.

    Account Type Minimum Deposit
    Standard $100
    PRO $1,000
    Raw $3,000

    The Standard account is an excellent choice for beginners or those looking to get started with online trading. With a relatively low minimum deposit of $100, it offers accessibility to a wide range of trading instruments across various asset classes. Standard accounts often come with competitive spreads, basic trading tools, and a user-friendly interface, making them suitable for those who are new to the world of financial markets.

    For traders with more experience and a deeper understanding of the markets, AccuIndex offers the PRO account. This account type requires a minimum deposit of $1,000 and provides access to enhanced features. PRO accounts typically offer lower spreads, faster execution speeds, and access to advanced trading tools and analytical resources. Traders with PRO accounts may also benefit from personalized support and research materials, helping them make more informed trading decisions.

    The Raw account is designed for the most advanced and demanding traders, including professional and institutional clients. To open a Raw account, a minimum deposit of $3,000 is required. This account type typically offers direct market access (DMA), which means traders can access the raw market spread without any markup. Raw accounts often come with the tightest spreads, lightning-fast execution, and priority customer support, catering to the specific needs of high-volume and experienced traders.

    Account Types

    Leverage

    AccuIndex provides traders with a competitive maximum leverage of 1:400 across all its account types. This leverage level allows traders to amplify their positions significantly compared to their initial capital, increasing both potential profits and risks. It's essential for traders to understand that while high leverage can magnify gains, it also exposes them to higher potential losses.

    Therefore, it's crucial for traders to use leverage judiciously, employing risk management strategies such as stop-loss orders and proper position sizing to protect their trading capital. AccuIndex's consistent leverage offering across its accounts ensures that traders have equal access to this trading tool, regardless of their chosen account type.

    Spreads & Commissions

    Standard accounts offer a competitive starting spread of 1.4 pips, making them accessible for traders who prioritize simplicity and cost-effectiveness. The absence of commission charges allows traders to execute trades without incurring additional fees, which can be especially appealing for those who are new to trading or prefer a straightforward pricing model.

    PRO accounts feature tighter spreads starting at 0.8 pips, making them suitable for traders who want enhanced pricing while still avoiding commission fees. This account type caters to traders with a bit more experience who seek competitive pricing and value speed and precision in their trading execution.

    Raw accounts are designed for traders who demand the tightest spreads, starting at 0.0 pips. While these accounts offer the most competitive pricing, they come with a commission of $2.5 per side ($5 total per trade). This commission-based structure can be cost-effective for professional traders who actively manage their positions and aim for the lowest possible spreads.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread (pips) Commissions (per lot)
    AccuIndex 1.4 (Std) None (Std)
    TD Ameritrade 0.3 No commission (Spread-only)
    Forex.com Average of 0.6 Varies (depending on account type)
    IG 0.6 $10 per trade

    Trading Platforms

    AccuIndex offers access to popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both MT4 and MT5 are compatible with desktop, web, and mobile devices, ensuring that traders can access their accounts and execute trades from anywhere with an internet connection. These platforms are known for their stability, security, and the ability to automate trading strategies through the use of Expert Advisors (EAs). Traders can choose the platform that best suits their trading needs and preferences when trading with AccuIndex.

    MT4
    MT5

    See the trading platform comparison table below:

    Broker Trading Platforms
    AccuIndex MT4/5
    TD Ameritrade thinkorswim, Web Platform, Mobile Apps
    Forex.com MT4, Forex.com Web Platform, Forex.com Mobile App
    IG IG WebTrader, IG API, MetaTrader 4, ProRealTime

    Deposits & Withdrawals

    AccuIndex provides a wide array of deposit and withdrawal options to ensure that clients can conveniently manage their funds. These options include popular e-wallet services like NETELLER and Skrill, offering quick and secure electronic transactions. Additionally, clients can use VISA cards for straightforward transfers, and for those who prefer traditional banking methods, wire transfers are available, with a typical processing time of 2 to 5 working days.

    For clients interested in cryptocurrency transactions, AccuIndex supports BitPay, facilitating transactions with cryptocurrencies like Bitcoin. This reflects the broker's commitment to accommodating various payment preferences and ensuring a seamless experience for its users. Keep in mind that while these are the options mentioned, the availability of specific methods and any associated fees may be subject to change, so it's advisable for clients to verify the most current information directly with AccuIndex.

    Deposits & Withdrawals
    Deposits & Withdrawals

    User Exposure on WikiFX

    On our website, you can see reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Customer Service

    AccuIndex offers a comprehensive range of customer service channels to ensure that clients can easily access support and assistance when needed. These channels include online messaging, telephone support (at +357 25 262207), email support (at support@accuindex.com), and live chat.

    The office address is 1 Ayias Zonis Street Nicolaou Pentadromos Centre Block B. Limassol 3026, Cyprus.

    contact us form
    contact details

    Conclusion

    AccuIndex, as a brokerage firm, is regulated by CYSEC, a reputable regulatory authority, which is a positive sign in terms of safety and compliance. The variety of trading accounts and the competitive spreads and commissions offered cater to different trader preferences. The choice of deposit and withdrawal methods also provides flexibility for clients. Traders considering AccuIndex should conduct thorough research, read client reviews, and assess their own risk tolerance.

    It's advisable to reach out to AccuIndex's customer support for clarification on any concerns and to verify the broker's current status and policies. Additionally, if any issues arise while trading with AccuIndex, contacting the relevant regulatory authority may be necessary for resolution. Ultimately, due diligence and cautious decision-making are essential when choosing any financial broker.

    Frequently Asked Questions (FAQs)

    Q1: Is AccuIndex a regulated broker?

    A1: Yes, AccuIndex is regulated by CYSEC (Cyprus Securities and Exchange Commission) under the license type of Straight Through Processing, with License No. 340/17.

    Q2: What types of trading accounts does AccuIndex offer?

    A2: AccuIndex offers various trading account types, including Standard accounts with a minimum deposit of $100, PRO accounts with a minimum deposit of $1,000, and Raw accounts with a minimum deposit of $3,000.

    Q3: What is the maximum leverage offered by AccuIndex?

    A3: AccuIndex provides a maximum leverage of 1:400 across all its account types, allowing traders to amplify their positions relative to their initial capital.

    Q4: What deposit and withdrawal methods are available at AccuIndex?

    A4: AccuIndex offers a range of deposit and withdrawal methods, including NETELLER, Skrill, VISA, wire transfer, BitPay, and cryptocurrency options.

    Q5: How can I contact AccuIndex's customer support?

    A5: AccuIndex provides customer support through various channels, including online messaging, telephone (at +357 25 262207), email (at support@accuindex.com), and live chat.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

    In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

    News

      "I earned money, but they don’t pay me." The victim accuses Acculndex of withdrawal rejection.

    Exposure "I earned money, but they don’t pay me." The victim accuses Acculndex of withdrawal rejection.

    2024-02-01 16:41

    AccuIndex is an online forex broker registered in Mauritius. Recently, this broker attracted our eye as a Turkish investor told WikiFX that AccuIndex rejected his withdrawal request.

    WikiFX
    2024-02-01 16:41
    Exposure
      "I earned money, but they don’t pay me." The victim accuses Acculndex of withdrawal rejection.

    User Reviews

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    8

    Comments

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    Vedat316
    0-3months
    I made a profit but it doesn't pay, it deleted my earnings
    2024-01-30 16:07
    Reply
    0
    0
    adıll
    0-3months
    The institution does not pay I can't get my money, no answer
    2024-01-26 18:13
    Reply
    0
    0
    futureee
    more than one year
    Hello, all! I've been riding the trading wave with AccuIndex for a good part of the decade. They're based in Mauritius, but don't let that fool you, they've got their ducks in a row with CYSEC at the helm. Keeps me on my toes, the sheer number of market instruments on offer. Made good use of the demo account when I first started out, and I've got to say, it was a lifesaver. And them spreads, especially the EUR/USD at 1.4 pips - absolutely brilliant. Navigated my funds in and out without a hitch - so many options to choose from.
    2023-12-01 10:26
    Reply
    0
    0
    forest1
    more than one year
    Hey there! Yours truly has been dabbling in the trading game with AccuIndex for a bunch of years now. Love that they're all regulated by CYSEC, gives you that sense of security, you know. They've got a bountiful variety of market instruments; forex, indices, metals, energies, and stocks - you name it. I was over the moon when I found out their demo account option - perfect for newbies like me at the start. The trading platforms are pretty straightforward too, MT4/5 offers just the right blend of simplicity and sophistication. Adding and withdrawing funds is a breeze with all the different methods on offer. A bit of a damper - the minimum deposit stretching my budget at $100. Apart from that, they're a great outfit!
    2023-11-30 15:15
    Reply
    0
    0
    FX1104839593
    more than one year
    This company AccuIndex looks so attractive, I want to open a demo account to try it out. Has anyone traded here and can tell me how the company is doing?
    2022-12-08 10:44
    2
    1
    1
    FX4126890147
    more than one year
    Very well
    2022-11-23 21:26
    Reply
    0
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