Abstract:ACT Markets is a forex broker form Nigeria, operated by Alpha Cosmos Trading Markets. Unfortunately, there is zero evidence that this company is an officially regulated broker.
General Information & Regulation
ACT Markets is a forex broker form Nigeria, operated by Alpha Cosmos Trading Markets. Unfortunately, there is zero evidence that this company is an officially regulated broker. So, this leave us with no choice but to conclude that it is dangerous to trust a broker like ACT Markets
Markets Instruments
ACT Markets offers trading in Forex currency pairs, Indices, Shares, Metals, Energy and Crypto currency.
Minimum Deposit
ACT Markets have 4 account types with minimum deposit starting at $5 only, plus customers can also deposit in local Nigerian currency. Although ACT Markets require low account opening amount, this platform is unsafe to register real trading accounts.
Leverage
ACT Markets offers the leverage up to 1:500, which is quite generous. However, traders need to note that trading with an unregulated broker offering high trading leverage is not a good option, as leverage can amplify gains as well as losses.
Spreads & Commissions
Different trading accounts offer varied trading conditions. Spreads on the Micro account start from 2.5 pips, and from 1.5 pips, 0 pips in the Variable account and the VIP account.
Trading Platform
ACT Markets MetaTrader 5 offers a wide range of options for different goals which includes a user-friendly platform with more features, advanced trading tools, superior support, and total control of your trades for an enhanced trading experience and, many more.
Deposit& Withdrawal
When it comes to deposit and withdrawal payment methods, ACT Markets support traders to fund their accounts through VisaCard, MasterCard, Flutterwave, Paystack, Quickteller, Onlinenaira, UBA, Bank Wire. ACT Markets claims that there is no Commission on deposit and withdrawal.
Customer Support
Client Support: info@actmarkets.com
IB Support: partners@actmarkets.com
Phone 1: + (234) 9132595808
Phone 2: + (234) 8160222831
Customer Support Hour: Mon-Fri: 8:00am -05:00pm.
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