ABET Forex Broker

ABET Global Review Summary Founded Year 2022 Registered Country/Region Bulgaria Regulation Unregulated Market Instruments Forex, indices, stocks, metals, cryptos, energies Demo Account Unavailable Leverage Up to 1:1000 Minimum Deposit $10 Trading Platforms MT5 Customer Support Phone, email, live chat, contact form What is ABET Global？ Founded in 2022, ABET Global, based in Bulgaria, is a trading platform that offers a diverse range of market instruments, including Forex, indices, stocks, metals, cryptocurrencies, and energies. Notably, this platform provides leverage of up to 1:1000, allowing traders to maximize their positions. ABET Global operates without a demo account option, but it does offer a minimum deposit requirement of just $10, making it accessible to a wide range of traders. The platform utilizes the popular MT5 trading software and provides customer support through phone, email, live chat, contact form. It's important to note that ABET Global operates without regulatory oversight, which should be taken into consideration by prospective traders. Pros & Cons Pros Cons • High leverage • No regulations • Diverse range of market instruments • No demo account • Instant execution Pros: • High leverage: ABET Global offers traders the opportunity to use high leverage, allowing them to control larger positions with a relatively small amount of capital. This can potentially amplify profits, but it also comes with higher risk. • Diverse range of market instruments: This extensive range offers traders a diverse selection, aiding in portfolio diversification and alignment with individual trading strategies. • Instant execution: Ensures immediate order fulfillment, particularly vital in fluctuating markets where prices can shift swiftly. Cons: • No regulations: Doubts surrounding a platform's regulatory status can be concerning. Proper regulation guarantees that the broker adheres to lawful and ethical standards, safeguarding traders from potential malpractices. • No demo account: The absence of a demo account means that traders cannot practice their strategies or get accustomed to the platform without risking real money. This might deter those who prefer to test their skills before committing funds. Is ABET Global Safe or Scam？ When considering the safety of a brokerage like ABET Global or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage: Regulatory sight: ABET Global is not regulated. Traders are encouraged to exercise caution and conduct thorough research before engaging in trading activities on this unregulated platform. Security measures: The Personal Area is SSL-secured and protected with 128-bit encryption to make investors browsing safe and the data inaccessible to any third parties. In addition, the broker also provides negative balance protection to protect investors' assets. Ultimately, the decision of whether or not to trade with ABET Global is a personal one. You should weigh the risks and benefits carefully before making a decision. Market Instruments ABET Global offers a wide range of market instruments, catering to the diverse needs of traders. These instruments are designed to provide opportunities for safe and convenient online investments. Forex: ABET Global recognizes the transformative power of Forex trading, allowing investors to access licensed services for secure, convenient, and profitable online investment. With Forex, traders can invest without being limited by time or location, enhancing the flexibility and accessibility of their trading activities. FX Indices: Traders can choose from a selection of 6 different FX indices. These indices measure the strength of specific currencies against a collection of 5 or 6 major FX pairs. For instance, the USD Index assesses the strength of the US Dollar by grouping major currency pairs that include USD, such as NZDUSD, USDCAD, GBPUSD, USDCHF, AUDUSD, and EURUSD. This provides valuable insights into currency performance. Metals & Commodities: ABET Global offers trading opportunities in precious metals like gold and silver. These markets are among the most traded in the world, and traders can engage with them across all account types. When trading gold and silver with ABET Global, you're essentially trading their value against the US Dollar. Commodities: In addition to precious metals, traders can explore the world's largest commodities markets. Oil, often referred to as “black gold,” is a particularly popular choice. ABET Global also provides access to trading natural gas as a commodity through CFDs, enabling participation in these markets without the need to buy physical assets. Stocks: Investing in stocks represents a share in a company's capital, effectively making you a partner in that company. ABET Global encourages thorough research into a company's activities, indebtedness, growth prospects, profit status, and dividend yields when considering stock investments. Choosing successful, well-established companies that generate profits can lead to potential gains for stock investors. Indices: ABET Global recognizes the significance of stock indices in determining the overall direction of the stock market. These indices gauge the price movements of stocks and reflect the general changes in exchange prices. By offering stock market indices, ABET Global provides a comprehensive view of stock market performance and trends, allowing traders to make informed decisions. Account Types ABET Global offers a variety of trading account options, each tailored to meet the specific needs and preferences of traders. Here's an introduction to the available account types: Account Type Micro Standard ECN Minimum Deposit $10 $1000 Contract Size 1 Lot = 1000 Minimum Trading Volume 0.1 Lots Hedging Allowed Yes ABET Global caters to traders of varying experience levels with a range of account types. Novice traders can begin with a “Micro” account, which requires a minimal deposit of just $10, enabling them to start with a modest investment. This account allows for a smaller contract size and a minimum trading volume of 0.1 Lots. In contrast, experienced traders may opt for the “ECN” account, which has a higher minimum deposit of $1000 but offers more advanced trading conditions, such as direct access to liquidity providers and potentially tighter spreads. ABET Global's account options provide traders with the flexibility to choose an account that suits their experience, risk tolerance, and financial resources. Leverage Account Type Leverage Micro 1:400 Standard 1:500 ECN 1:200 ABET Global offers different account types with varying leverage options, allowing traders to adjust their risk exposure. The “Micro” account provides a leverage of 1:400, the “Standard” account offers 1:500, and the “ECN” account provides 1:200 leverage. Leverage can amplify both gains and losses in trading, and it's important for traders to exercise caution and manage risk prudently when using high leverage. While higher leverage can magnify profits, it also increases the potential for significant losses. Traders should be aware of the risks associated with leverage and consider their risk tolerance, trading strategy, and capital carefully when choosing the right leverage level for their trading activities. Proper risk management is essential to mitigate the potential downsides of trading with leverage. Spreads & Commissions Account Type Spread Commission Micro From 0.1 pips No Standard ECN Yes ABET Global claims that spread on all majors is as low as 0.1 pips. No commission on the Micro and Standard accounts, while there is an unspecified commission on the ECN account. Trading Platforms ABET Global stands out by providing its clients with the powerful trading platform, MetaTrader 5 (MT5). This platform serves as an advanced successor to its predecessor, MT4, and offers a wide range of enhanced features. One notable advantage of MT5 is its expanded selection of timeframes, allowing traders to delve deeper into market analysis and make more informed decisions. Additionally, MT5 offers a more extensive array of technical indicators, providing traders with a deeper pool of tools to analyze market trends and potential entry and exit points. Deposits & Withdrawals ABET Global provides its users with a diverse array of deposit and withdrawal methods, catering to the varied preferences of its global clientele. ABET Global offers a convenient and flexible range of deposit and withdrawal methods to accommodate the diverse needs of its traders across different account types. Clients can fund their accounts or make withdrawals using a variety of options, including popular methods like Bitcoin, Mastercard, Visa, Skrill, PayPal, and Neteller. While specific requirements for these methods are not provided on the website, the availability of such diverse payment options caters to the preferences of traders, making depositing and withdrawing funds a hassle-free process. Users should note that while ABET Global ensures flexibility in deposits, withdrawal of funds might be subject to commissions from the payment system. These commissions can change without prior notice as determined by the respective payment systems. Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Live Chat Contact Form Phone: +35924928517 Email: Info@abetglobal.com Address: 1618, Sq Manastirski livadi, 34 Ralevista street, sofia, Bulgaria, P.O.Box 1404. Conclusion In summary, ABET Global, located in Bulgaria, offers a range of trading instruments, from Forex to stocks and cryptocurrencies, but operates without regulatory oversight. While it provides competitive spreads and varied account types, the absence of a demo account and regulation might deter some traders. The platform supports multiple deposit and withdrawal methods, including Bitcoin, Mastercard, Visa, Skrill, PayPal, and Neteller. However, potential clients should exercise caution due to the lack of regulation when considering ABET Global as their trading partner. Frequently Asked Questions (FAQs) Q 1: Is ABET Global regulated？ A 1: No, it is not. Q 2: What is the minimum deposit amount required by ABET Global？ A 2: Minimum allowed deposit amount depends on the trading type. For standard and micro accounts, the minimum is $10. For ECN accounts, the minimum is $1000. Q 3: Does ABET Global offer demo accounts？ A 3: No. Q 4: At ABET Global, are there any regional restrictions for traders？ A 4: ABET Global's products and services are not intended for citizens of the United States, Turkey and Iran. 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.