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Pros

Global trading opportunities in precious metals like gold, silver, and platinum.
User-friendly trading platform designed for efficient trading solutions.
Low minimum deposit requirement, making it accessible for new traders.

Cons

Unregulated status raises significant concerns about safety and reliability.
Limited range of trading instruments, focusing only on precious metals.
High entry barriers for some products, such as substantial minimum trading units.

ABX broker Accounts

ABX Trade Account Types

ABX Trade offers three types of trading accounts tailored to meet the needs of different traders:

  • Cent Account
    • Minimum Deposit: $25
    • Base Currency: USDC (USD cents)
    • Leverage: Up to 1:1000
    • Spreads: Starting from 2.2 pips
    • Minimum Lot Size: 0.01
    • Maximum Lot Size: 50
    • Contract Size: 1000 units
    • Ideal for: Beginners looking to start trading with a small deposit.
    • Standard Account
      • Minimum Deposit: $25
      • Base Currency: USD
      • Leverage: Up to 1:1000
      • Spreads: Starting from 1.8 pips
      • Minimum Lot Size: 0.01
      • Maximum Lot Size: 50
      • Contract Size: 100,000 units
      • Ideal for: Traders who prefer no commissions and tight spreads.
      • ECN Account
        • Minimum Deposit: $500
        • Base Currency: USD
        • Leverage: Up to 1:200
        • Spreads: Zero pips
        • Minimum Lot Size: 0.01
        • Maximum Lot Size: 50
        • Contract Size: 100,000 units
        • Ideal for: Experienced traders seeking direct market access and low spreads.

        ABX Trade Broker Account Opening Process

        To open an account with ABX Trade, follow these steps:

        • Create Your Account:
          • Visit the ABX Trade website and locate the account registration section.
          • Enter required personal details including username, first name, last name, identification number (IC or passport), email address, and contact phone number.
          • Review and agree to the terms and conditions before proceeding.
          • Verify Your Account:
            • After registration, you will need to verify your account.
            • This may involve submitting scanned copies of identification documents such as your IC or passport as per the instructions provided.
            • Fund Your Account:
              • Once your account is verified, you can fund your account using the available payment methods.
              • Be mindful of the minimum deposit requirements specified for your chosen account type.
              • Start Trading:
                • After funding, log in to your ABX account using your credentials.
                • Familiarize yourself with the trading platform and available instruments before executing trades according to your strategy.

ABX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
ABX Account