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REMUNERATION POLICY

Capital Requirements Directive

Accendo Market’s remuneration policy considers in full the requirements of and our obligations to the FCA’s revised Remuneration Code and the Capital Requirements Directive (Directives 2006/48/EC and 2006/49/EC) as amended by CRD III. The application of proportionality is reviewed annually by the board of directors of Accendo Markets, to determine its scope and continued application.

Objective

Accendo Market’s compensation program is designed to attract, develop, retain and reward employees for contributing to Accendo Market’s success, whilst maintaining financial stability including a sound capital base for the underlying entity and robust and effective risk management.

Basic Salary

Basic salary compensation is generally based upon individual expertise, internal and external parity and the level of responsibility the position has on supporting the success of Accendo Markets. The length of service with Accendo Markets is not considered when determining basic salary levels.

Variable Compensation

In addition to an employee’s basic salary compensation, employees may be eligible to participate in Accendo Market’s variable compensation program. Variable compensation is a bonus paid in excess of basic salary and benefits to incentivise employee performance. The payment and amount of any variable compensation under the program is at the complete discretion of the board of directors, and Accendo Markets is under no obligation to pay an employee any variable compensation. An employee must be actively employed by Accendo Markets on the date that variable compensation is paid in order to be eligible to receive variable compensation. Variable compensation may be based on individual performance relative to expectations and objectives, business unit performance, overall Accendo Markets financial results and other factors. Variable compensation, if paid, will be paid in cash and/or equity units as applicable, and in accordance with Accendo Market’s programmes and policies in effect, from time to time. The total variable remuneration must not limit the firm’s ability to strengthen its capital base.

Alignment of Remuneration with effective Risk Management.

Risk Appetite and Tolerance

Accendo Market’s risk appetite is agreed annually by Accendo Market’s board of directors and documented in the risk policy documents, which is available to all employees. Operating within the scope of Accendo Market’s risk appetite is an absolute pre-requisite to the awarding of any variable, incentive or performance related compensation.

Non-compliance or actions contrary to the stated risk appetite will not be rewarded.

Operating within the stated risk appetite is realized in practice through the firm’s risk assessments and Internal Capital Adequacy Assessment Process (“ICAAP”). The ICAAP is approved annually by Accendo Market’s board of directors.

Included in the risk assessments and ICAAP, and considered in the awarding of variable compensation are:

  • Key risk indicators (“KRIs”) and tolerances set by management and assigned to business units and ‘Identified Staff’. KRIs are defined and measured annually in employee annual appraisals
  • Clear compliance objectives for every employee
  • Compliance by all employees to the practices set out by the firm

Supporting the Business Strategy

The remuneration policy aligns to the goals of Accendo Markets

Conflict of Interest

  • The risk and compliance functions’ variable compensation is not correlated to business performance. Instead the functions’ variable compensation is determined by the performance of the individual and the function against objectives set for each, where applicable.

Remuneration and Capital / Profit based measured risk

Implementation

  • Employee performance is measured against individual employee predefined objectives and KRIs. Accendo Markets may take into account the specific features of their activities. Both non-financial and financial performance will be taken into account.
  • Accendo Market’s board of directors independently reviews the remuneration policy on an annual basis to ensure:
    • The policy operates as intended, that remuneration payouts are appropriate, and that the risk profile, long term objectives and goals of Accendo Markets are adequately reflected.
    • The policy remains in line with the Financial Conduct Authority’s requirements, principals and standards including the continued application of proportionality under CRD III.

Remuneration Code Principles

Accendo Markets is aware of the FCA revised Remuneration Code’s twelve principles and will act in compliance with them.

The Remuneration Code in SYSC 19C will apply to Accendo subject to the FCA’s proportionality guidance. Some of the requirements in the Remuneration Code apply on a firm-wide basis whilst others only apply to certain categories of individuals, known as “Code Staff” (e.g. senior management, risk takers, approved persons and employees whose remuneration takes them into the same remuneration bracket as senior management and risk takers and whose activities have a material impact on the firm’s risk profile).

Some of the more prescriptive requirements in the Remuneration Code may be relaxed for Code Staff that fall within the de minimis exemption provided that the individual staff’s treatment remains consistent with the general principle of ensuring remuneration policies promote effective risk management. The de minimis exemption applies where both of the following conditions are satisfied in relation to Code Staff: (i) total remuneration for that performance year is not more than £500,000; and (ii) variable pay for that performance year is not more than 33% of his or her total remuneration.

Where the de minimum exception is dis-applied then the following prescriptive rules can be dis-applied in relation to that Code Staff member:

  1. the restriction on guaranteed bonuses;
  2. at least 50% of variable pay is in the form of shares or equivalent ownership instruments in the Firm;
  3. at least 40% of variable pay is deferred for a period of not less than 3-5 years. If variable pay is high then at least 60% should be deferred; and
  4. it should be possible to claw-back and adjust variable pay based on performance.

In addition, it is reasonable under the circumstances to dis-apply the remuneration requirements in bullets (2), (3) and (4) above and the rule on the ratio between fixed and variable remuneration (e.g. the requirement that there should be an appropriate balance between fixed and variable remuneration and that fixed remuneration should represent a sufficiently high proportion or overall remuneration) (the “firm exemption”). This is due to the fact that we provide execution-only services and the vast majority of our clients’ trades take place on-line, so the risk of conflicts of interest are reduced. That said, residual risks remain and must continue to be managed (i.e. the use of robust compliance monitoring and financial disincentives).

Notification

Accendo Markets will notify the FCA if it becomes aware of changes regarding threshold conditions, its reputation and capability to provide good service to customers.

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Reviews View All

Just a quick word to say how much I appreciate the service you are giving me…other providers just let me flounder with no real help. You keep up with my… PS, Angus
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
EXCELLENT

4.81 Average

156 Reviews

George

I have found Accendo staff very helpful,,and informed. I have traded with you for some years now and have no regrets. Keep up the good work!

Posted 9 months ago

Shaun D

since signing up for Accendo I have had two traders, Mark and Sam. I have found both of these to be very informative about how CFD's work and they have made it very easy for me. Since working with Sam (last four months) my trading knowledge has improved and I can make more informative decisions about which Company's to invest with. Keep up the good work Sam.

Posted 1 year ago

Anonymous

I am very happy with the service I get from Accendo Markets and in particular Amrit Panesar. He is very professional and pleasant to speak to and this counts for a lot.

Posted 1 year ago

Shreekant P

Its a good site for dealing stocks worldwide and having good staff.

Posted 1 year ago

Nick W

Krishan Appiah is one of the most dedicated / informative broker I have ever had.

Posted 1 year ago

Thomas I

Since I have been trading with Accendo Markets I have experienced much greater success than has been my experience with other trading companies mainly due to the help given by, what I consider to be my terminal with the trading floor, Mark, who has been most helpful in reminding me of the progress of my positions throughout the day and keeping me in touch with those positions so that I can more easily make successful trades when appropriate instead of missing out on opportunities through lack of attention. He draws my attention to the situations and enables me to make profitable trades. I am very happy with the situation at the moment and am enjoying the experience. Thomas Irving.

Posted 1 year ago

Kartik A

Accendo markets keep me connected with the market and its very well followed by Mr. Krishan Appiah ,which helps me to take certain decision on time.

Posted 1 year ago

Peter p

I have been trading with Accendo Markets and James Abbott my account manager for coming on 5 years now, James Abbott the senior trader of Accendo Markets provides me with up to minute information when I need it and find him very easy and professional to deal with. Whenever I need to trade or am not sure about anything James is always their to help with any queries I may have. The Accendo Platform I find very easy to use and navigate although it has been slightly changed over the years but definitely for the better. Personal when I do trade 90% of the time, I rather telephone call to place my trade dealings and if James is not there to take my call I find others at Accendo like Sam, Lee take my trades and are. All in all everyone at Accendo Markets are amazing to deal with and my relationship with Accendo is just as I like it. Peter Petrou

Posted 1 year ago

Mrs. J

"Our Trader, Aymen Azizi, has been nothing but attentive to our every need throughout our long relationship with him. No issue is too small, full explanations on all our questions."

Posted 1 year ago

Brian R

I have been with Accendo for a long time now, ten or twelve year's, probably more . As I told Sam (my trader) I thought that CFDs were better than sex . I stopped trading for a few years and only started back about a couple of months ago. But it is as if I had never been gone , so to speak. Sam has helped me every step of the way, at my age one forgets things. I have only praise for Accendo and as far as I am concerned the platform is the best . Now I am back trading at 71 years of age, I might even try sex again. Brian Robertson.

Posted 1 year ago

Jim W

I understand how to make a profit with CFDs. I am restricted by the range of companies I have knowledge of. Although, I am not sure that is a big problem. Tom Robertson is a very fine man.

Posted 2 years ago

Rebekah S

Well, I would not be trading without the help of my trader, Sam Alnakkash. He provided a really great overview of Accendo Markets, an insight into trading in general and how to get started in trading online. His advice, support and training has been fantastic all along the way, enabling me to start trading earlier than I would have done had I not had the support. He has also been very adept at understanding me as a client in order to help me achieve my trading goals. I still have a lot to learn and hope I will get there.

Posted 2 years ago

Nick z

I like the updates on shares I trade. Updates from Bloomberg and Reuters plus industry updates and breaking news. I've had Matt Grice and James Abbott and found both to be excellent. I would like to continue a personal service with James. He understands how and which stocks I trade.

Posted 2 years ago

Steve O

Excellent, knowledgable broker interaction and communication, coupled with very good research and analysis.

Posted 2 years ago

William P

Being new to direct trading I needed help and was given all the time and advice that I needed to feel fully able to make decisions on what I wanted to invest in. I asked for and got exactly the type of info I required provided by Tom Cook, who I would recommend to anyone looking for help.

Posted 2 years ago

Mr. W

I have been dealing with accendo for the past 8 years my broker Amrit I find him very helpful when he is there lol and had many offers to change but will not do it Bill Roberts

Posted 2 years ago

Zoran N

Very good all round service! Timely market information. (charts + trends coverage ) On the ball accounts managers ,quickly available and alert . Part of my success owed to my personal manager Mr Sam Springet , than you.

Posted 2 years ago

Mr Brian C

Easy to deal with.....

Posted 2 years ago

Muhammed S

Accendo markets are great for trading cfds and their research is second to none! Aymen manages my account is extremely helpful and always keeps me updated on market info. Thanks again

Posted 2 years ago

Mr Buta B

Always available, whenever I call I get straight through to someone that can and will help. The staff are very knowledgeable, helpful and easy to talk to.

Posted 2 years ago

Stephen B

Aymen Azizi keeps an eye on what is happening in the market and informs me with timely relevancy, email call, and txt.

Posted 2 years ago

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