Abtrade Forex Broker

Abtrade Review Summary Founded 2020 Registered Country/Region Saint Vincent and the Grenadines Regulation No Regulation Market Instruments Currency Parities, Commodities, Indices, Stocks, and Crypto Currency Demo Account Availiable Leverage Up to 1:400 Spread From 14 pips (Standard Account) Trading Platforms cTrader (Under Preparation) Minimum Deposit $100 Customer Support Tel: +381 65 472 1436 Email: info@abtrade.pro Live Chat Facebook, Twitter, Telegram, WhatsApp, and Instagram What is Abtrade？ Abtrade, founded in 2020 and registered in Saint Vincent and the Grenadines, is a financial trading platform offering services in two languages and thoudsands of merchandise. It offers a wide range of trading instruments and multiple account types to suit different trading needs. And the trading platform cTrader is under preparation. While Abtrade claims to have a team of experts and advisors, they operate without regulatory oversight, which is a major concern for users. Pros & Cons Pros Cons Wide Range of Trading Instruments No Regulation Demo Account Availability High Spreads for Standard Account 7/24 Customer Support Pros: Wide Range of Trading Instruments: Abtrade offers a variety of assets to trade, including currencies, commodities, indices, stocks, and cryptocurrencies. Demo Account Availability: A demo account allows you to test the platform and practice trading without risking real money. 7/24 Customer Support: Abtrade offers customer support 24/7, which is beneficial if you encounter any issues outside of regular business hours. Cons: No Regulation: This is a major concern, as unregulated brokers lack this accountability and pose a higher risk of scams or unfair practices. High Spreads for Standard Account: The spreads offered by Abtrade are high, starting at 14 pips for their standard account. This means you pay more for every trade, significantly impacting your profitability. Is Abtrade Safe or Scam？ We cannot definitively say whether Abtrade is safe or a scam. While they advertise features that are appealing to traders, several red flags raise serious concerns about their legitimacy and user safety. Lack of regulatory oversight is a major red flag. Regulated brokers offer greater protection for your funds and are subject to stricter financial requirements and conduct standards. Market Instruments Abtrade offers a wide range of trading options across various asset classes. Currency Pairs: Abtrade provides trading opportunities in major currency pairs such as EUR/USD, USD/JPY, GBP/USD, and USD/CHF. Commodities: Traders on Abtrade can trade commodities like gold, silver, Brent oil, crude oil, and copper, with competitive spread rates. Indices: Abtrade offers a diverse selection of indices from global markets, including American and European stock markets. Stocks: The platform likely allows traders to invest in stocks, which represent ownership in a company and are issued to shareholders. Cryptocurrencies: Abtrade offers trading in cryptocurrencies, a relatively new asset class compared to traditional currencies, with a shorter history in the financial world. Account Types Abtrade offers five different account types, all of which are Swap-free Islamic accounts. Standard Account: This account type is suitable for beginners or traders who prefer a straightforward trading experience. It has a minimum deposit requirement of $100. Silver Account: The Silver Account also requires a minimum deposit of $100. This account type is suitable for traders looking for a slightly enhanced trading experience. Gold Account: The Gold Account is designed for more experienced traders who are willing to deposit a minimum of $1,000. VIP Account: The VIP Account is tailored for high-net-worth individuals or professional traders who are willing to deposit a minimum of $5,000. ECN Account: The ECN Account is for traders who prefer direct market access with no dealing desk intervention. It requires a minimum deposit of $10,000, making it suitable for serious traders or institutional investors. How to Open a Abtrade Account？ Follow these steps to seamlessly set up your account if you want to open an account. Step 1: Click on the “Open An Account” or “SIGN UP” button. Navigate to the platform's website and initiate the account creation process by clicking on the “Open An Account” or “SIGN UP” button. Step 2: Provide the required information. Fill in your essential details, including your name, surname, email address, country code, and mobile phone, then create a secure password and confirm it. Step 3: Complete the registration. Finalize the registration process by clicking the “Register” button. This action submits your information and completes the account creation procedure. Step 4: Start your trade. Pick the account model that suits you and verify your identity and address information. And then deposit money in your account to start trading with Abtrade. Leverage Abtrade offers varying levels of leverage depending on the account type chosen by the trader. For the Standard, Silver, and Gold Accounts, the leverage offered is up to 1:300. This means that traders can control a position size up to 300 times the amount of their trading capital. For the VIP and ECN Accounts, Abtrade offers higher leverage of up to 1:400. This allows traders with these account types to control larger positions in the market with a relatively small amount of capital. While higher leverage can potentially lead to higher profits, it also increases the risk of significant losses. Account Type Leverage Standard 1:300 Silver 1:300 Gold 1:300 VIP 1:400 ECN 1:400 Spreads & Commissions Abtrade offers a range of account types with varying spreads, starting from 14 pips for the Standard Account and going as low as 0.1 pips for the ECN Account. This range allows traders to select an account type that aligns with their trading preferences and cost considerations. The absence of commissions on trades for all account types is a notable feature, as it simplifies the cost structure for traders. Additionally, the availability of Islamic accounts for all account types ensures that traders who adhere to Islamic finance principles can participate in trading without compromising their beliefs. Account Type Spreads Commissions Standard From 14 pips 0 Silver From 11 pips 0 Gold From 0.8 pips 0 VIP From 0.6 pips 0 ECN From 0.1 pips 0 Trading Platforms Abtrade is preparing to offer the cTrader trading platform powered by Spotware to its clients. cTrader is known for its user-friendly interface and advanced trading features, making it a popular choice among traders. While it's not yet available, once launched, the cTrader platform is expected to provide traders with access to a wide range of financial instruments and tools to enhance their trading experience. Customer Service Abtrade provides multiple channels for customer support. These various customer support options ensure that traders can easily get help and assistance when needed. Telephone: +381 65 472 1436 Email: info@abtrade.pro Live Chat: Traders can use the live chat feature on the Abtrade website to get real-time assistance. WhatsApp: +381 65 4721436 Facebook: https://www.facebook.com/abtradepro Twitter: https://twitter.com/abtradepro Telegram: https://telegram.me/abtradeprosignals Instagram: https://www.instagram.com/abtrade.pro/ Conclusion Abtrade might appear tempting with its account options, spreads, and commission-free trading, but there's a huge catch: they are unregulated. This lack of oversight poses significant risks to your funds and trading experience. We advise you to choose regulated brokers licensed by reputable authorities for greater security, transparency, and fairer practices. Don't let seemingly low costs cloud your judgment. Frequently Asked Questions (FAQs) Q: Is Abtrade regulated？ A: No. Q: What trading platform does Abtrade use？ A: Abtrade uses the cTrader trading platform, which is under preparation currently. Q: Does Abtrade offer a demo account？ A: Yes. Q: What is the minimum deposit required to open an account with Abtrade？ A: $100. 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.