Akcenta Review 2024

I’ve been using Akcenta’s financial services for several years. I exchange currencies and trade them in the form of forward trades. I like that this money can later be transferred to a bank card and used anywhere in the world, and that the date of settlement of obligations varies. The OLB online platform operates on smartphones and PCs, but I use its mobile version more. Exchange rates are broadcast in real-time and you can request a trade statement at any time. Automated trade closing, when the currency reaches the predefined rate, is very convenient.

I use forwards to protect myself from potential losses connected with unfavorable changes in exchange rates. I like Akcenta's conditions for trading futures. The company allows traders to fix the price up to one year, but a longer period can be requested on an individual basis. In my business, this is a great opportunity to reduce expenses for paying international suppliers. I also use Akcenta for ordinary currency exchange, since I like its rates, processing speed, and fees.

I trust Akcenta, since it is regulated in Hungary and Czech Republic, and is a part of Raiffeisen Bank. The choice of currencies is wide. The more the purchase amount is, the better the conditions are. Therefore, large transactions are especially profitable. I deposit both EUR and HUF, but other options are also available, which is convenient for international transfers. I use Visa and the money appears on the balance almost instantly. I withdraw funds by a bank transfer and then cash them at Raiffeisen Bank without any fees. If I don’t have time to go to the bank, I transfer money to my bank card and withdraw it at an ATM. However, there are fees for such withdrawals.

My experience of working with Akcenta and using its services is overall positive. Fees for transferring funds within the EU are minimal. Exchange rate is often better than with other Hungarian companies, but not always. If you buy a small amount of currency, the price isn’t that profitable and there are additional fees. I use the Akcenta online banking system to buy currencies for both personal needs and business. The purchased currency appears on the balance almost instantly, so you can use it immediately after making the transaction.

I buy currencies on the Akcenta web platform for investment purposes. For example, I often buy EUR when I expect its price to increase against USD, and then hold it until the necessary moment. First, I tried doing that by phone, but I didn’t like it, since online banking is much more convenient. Transaction fees are up to EUR 10 and they are not charged on amount transfers above EUR 2,500. Any amount is easily deposited from a bank card and the Akcenta multi currency account allows me to reduce expenses for depositing foreign currencies.