ABL Forex Broker provides real users with * positive reviews, * neutral reviews and 2 exposure review!
Business
License
ASIC Suspicious Clone 
Refuse withdrawal with various reasons. The turnover can not be reached.
This platform froze all the money in my account and required me to pay 10% to unfreeze it. This is obviously a scam.
In this comprehensive review of ABL, we delve into the strengths and weaknesses of this forex broker based on various sources. While some users appreciate the broker's offerings, others raise concerns about its regulatory status and customer service. Key features include the use of popular trading platforms like MT4 and MT5, alongside a range of trading assets.
Note: It is crucial to highlight that ABL operates under different entities across regions, which may impact user experiences and regulatory compliance. Therefore, we have taken a balanced approach to ensure fairness and accuracy in this review.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
| (Optional) Regulatory Compliance | 5 |
How we rate brokers: Our ratings are based on a combination of user feedback, expert opinions, and factual data regarding the broker's services.
ABL, established in the early 2010s, primarily focuses on providing a platform for forex trading. Users can access the popular MT4 and MT5 platforms, which are known for their user-friendly interfaces and extensive functionalities. The broker offers a variety of trading assets, including forex pairs, commodities, and indices. However, concerns regarding ABL's regulatory status have emerged, with some sources labeling it as a "suspicious clone" of other established brokers.
ABL operates in various geographical areas, including Australia, though it has been flagged as a suspicious clone by sources like WikiFX. This raises questions about its regulatory compliance and the security of user funds.
While specific details on deposit and withdrawal currencies are limited, users typically expect standard options such as USD, EUR, and potentially cryptocurrencies. However, the absence of clear information may deter some potential clients.
The minimum deposit requirement for ABL is not explicitly stated in the available reviews; however, it is common for brokers to require a minimum initial deposit ranging from $100 to $500.
There is a lack of information regarding bonuses or promotions offered by ABL. Many brokers use these incentives to attract new clients, and the absence of such offerings may be a drawback for some traders.
ABL provides access to various asset classes, including forex, commodities, and indices. However, the specific range of instruments available for trading is not clearly defined in the sources reviewed.
The cost structure, including spreads and fees, appears to be competitive; however, specific numbers are not provided in the reviews. Users should conduct thorough research to understand the potential costs associated with trading on ABL.
Leverage options are not explicitly mentioned in the reviews, but brokers typically offer leverage ranging from 1:50 to 1:500. Traders should be cautious with high leverage, as it can amplify both profits and losses.
ABL supports popular trading platforms such as MT4 and MT5, which are widely recognized for their robust features and user-friendly interfaces, making them appealing to both novice and experienced traders.
Details regarding restricted regions were not explicitly mentioned in the reviews. Traders should verify whether ABL is available in their respective countries to avoid issues with account registration and trading.
The availability of customer service in multiple languages is essential for a global broker. ABL reportedly offers support in English and Chinese, which may cater to a diverse user base.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
| (Optional) Regulatory Compliance | 5 |
Account Conditions (5/10): ABL's account conditions are average, with no standout features that set it apart from competitors. The lack of transparency regarding minimum deposits and fees may deter potential clients.
Tools and Resources (6/10): The availability of MT4 and MT5 provides users with powerful trading tools. However, additional educational resources or market analysis tools are not highlighted, which could enhance the trading experience.
Customer Service and Support (4/10): Reviews indicate mixed experiences with ABL's customer service. Some users report delays in responses and inadequate support, which can be frustrating for traders seeking immediate assistance.
Trading Setup (5/10): While ABL offers a standard trading experience, the lack of innovative features or unique offerings may limit its appeal to more advanced traders.
Trustworthiness (3/10): Concerns about ABL being labeled as a "suspicious clone" significantly affect its trustworthiness score. Potential clients should exercise caution and conduct thorough research before engaging with the broker.
User Experience (4/10): User experiences vary, with some praising the trading platform's ease of use, while others express dissatisfaction with customer service and transparency issues.
Regulatory Compliance (5/10): The regulatory status of ABL remains a concern, with conflicting information regarding its legitimacy. Users are advised to verify the broker's regulatory standing before opening an account.
In conclusion, while ABL offers a range of trading options and popular trading platforms, potential users should be cautious due to concerns regarding its regulatory status and customer service. Overall, this ABL review highlights the importance of thorough research and due diligence before choosing a forex broker.
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