ABSystem Forex Broker

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 contained in this article is for general information purposes only. General Information & Regulation Feature Detail Regulation No Regulation Market Instrument 250+ instruments: forex, stocks, indices and commodities Account Type Silver, Gold, Platinum and Diamond Demo Account N/A Maximum Leverage 1:100 Spread Silver: from 3 pips | Gold: from 2 pips | Platinum: from 1.5 pips | Diamond: from 0.5 pips Commission N/A Trading Platform web Minimum Deposit $500 Deposit & Withdrawal Method local banks, e-wallets and digital currencies ABSystem, a trading name of Arbitrage Broker Systems, is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:100 and floating spreads from 0.5 pips on the web-based trading platform via four different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site: As for regulation, it has been verified that ABSystem currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.29/10. Please be aware of the risk. Market Instruments ABSystem advertises that it offers access to 250+ instruments across 4 asset classes - forex, stocks, indices and commodities. Account Types ABSystem claims to offer four types of trading accounts, namely Silver, Gold, Platinum and Diamond, with minimum initial deposit requirements of $500, $3,000, $10,000 and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. Leverage The leverage provided by ABSystem is adjusted based on certain assets. Specifically, 1:100 for currencies, 1:50 for commodities and indices, 1:20 for stocks and 1:10 for digital currencies. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads All spreads with ABSystem are a floating type and scaled with the accounts offered. For example, the spread starts from 3 pips on the Silver account, from 2 pips on the Gold account, from 1.5 pips on the Platinum account and 0.5 pips on the Diamond account. Trading Platform Available Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, ABSystem gives traders a web-based ABSystem platform. Whatever, you had better choose the brokers who offer the leading MT4 and MT5 trading platforms, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors. Deposit & Withdrawal ABSystem says that you can fund your account using numerous payment methods including credit cards, bank transfers via local banks, e-wallets and digital currencies, with no deposit fees. The minimum initial deposit requirement is said to be $500. Customer Support ABSystem‘s customer support can be reached by telephone: +442030975817, +34960407841, +48128817287, email: compliance.de@absystem.pro, compliance.ru@absystem.pro, compliance.it@absystem.pro, compliance.sp@absystem.pro or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer. Pros & Cons Pros Cons • Various tradable instruments, account types and payment methods offered • No regulation • Uncompetitive spreads on the Silver, Gold and Platinum accounts • Flexible leverage up to 1:100 • Extremely high minimum initial deposit requirement Frequently Asked Questions (FAQs) Q 1: Is ABSystem regulated？ A 1: No. It has been verified that ABSystem currently has no valid regulation. Q 2: Does ABSystem offer the industry-standard MT4 & MT5？ A 2: No. Instead, ABSystem offers a web-based ABSystem platform. Q 3: What is the minimum deposit for ABSystem？ A 3: The minimum initial deposit to open a Silver account is $500, while $3,000 for the Gold account, $10,000 for the Platinum account and $50,000 for the Diamond account. Q 4: Does ABSystem charge a fee？ A 4: Like every forex broker, ABSystem charges a spread fee. Q 5: Is ABSystem a good broker for beginners？ A 5: No. ABSystem is not a good choice for beginners. Not only because of its unregulated condition, but also because of its extremely high initial deposit.