Absolute Markets 2025 Review: Everything You Need to Know
In this comprehensive review of Absolute Markets, we delve into the experiences of users and expert opinions surrounding this forex broker. The consensus is largely negative, with numerous complaints about withdrawal issues and a lack of regulatory oversight. Key features include high leverage options and the use of the popular MetaTrader 4 platform, but these come with significant risks.
Note: It is important to highlight that Absolute Markets operates in various jurisdictions, which may complicate the regulatory landscape. This review aims to provide a fair and accurate representation of the broker based on multiple sources.
Rating Overview
We rate brokers based on user feedback, expert analysis, and overall service quality.
Broker Overview
Founded in 2021, Absolute Markets is an online forex and CFD broker registered in Saint Vincent and the Grenadines. The broker offers trading through the widely used MetaTrader 4 platform, providing access to a range of asset classes, including forex, commodities, and cryptocurrencies. However, it is important to note that Absolute Markets claims to be regulated by the SVG FSA, which has been criticized for its lax regulatory framework.
Detailed Breakdown
Regulated Geographic Areas
Absolute Markets operates primarily in countries with less stringent regulations, such as Saint Vincent and the Grenadines. This lack of robust regulatory oversight has raised concerns among traders about the safety of their funds.
Deposit/Withdrawal Currencies/Cryptocurrencies
The broker accepts various deposit methods, including bank transfers and cryptocurrencies like Bitcoin and Ethereum. However, users have reported difficulties with withdrawals, leading to numerous complaints about fund recovery.
Minimum Deposit
The minimum deposit required to open an account with Absolute Markets is relatively low, starting at $50. While this may attract new traders, it raises questions about the broker's overall trustworthiness.
Absolute Markets offers promotions, including a 30% deposit bonus. However, the terms and conditions surrounding these bonuses are often vague, which could lead to unrealistic turnover requirements before withdrawals can be made.
Tradable Asset Classes
Traders can access a variety of assets, including over 200 forex pairs, commodities like gold and silver, and a range of cryptocurrencies. This diversity may appeal to traders looking for multiple investment opportunities.
Costs (Spreads, Fees, Commissions)
Absolute Markets has a commission structure based on account types. Users have reported spreads starting from 1.4 pips for micro accounts, with ECN accounts offering even lower spreads. However, there are concerns about hidden fees and high charges associated with withdrawals.
Leverage
The broker offers high leverage, up to 1:1000, which can amplify both profits and losses. This high leverage is particularly risky for inexperienced traders, and many experts advise caution when trading with such brokers.
Absolute Markets provides access to the MetaTrader 4 platform, which is popular among traders for its user-friendly interface and comprehensive trading tools. However, some users have reported issues with the demo account feature, indicating potential problems with the broker's platform reliability.
Restricted Regions
While Absolute Markets claims to accept clients from various countries, including the US and the UK, it is essential to understand the regulatory implications of trading with an unregulated broker in these regions.
Available Customer Service Languages
Customer service is available primarily in English, with support offered via live chat and email. However, numerous user reviews indicate that response times can be slow and unhelpful, leading to frustrations among traders.
Repeated Rating Overview
Detailed Breakdown of Ratings
Account Conditions
The account conditions at Absolute Markets are not particularly favorable, with a minimum deposit of $50 that may seem attractive but raises concerns about the broker's legitimacy. Many users have reported losing their funds, prompting a low score in this category.
While the broker offers the MetaTrader 4 platform, the lack of educational resources and transparency regarding its trading conditions has led to dissatisfaction among users. This is reflected in the relatively low score for tools and resources.
Customer Service and Support
Customer service has been a significant pain point for many traders. Reports indicate that support is often unresponsive, and users struggle to get timely assistance, especially when trying to resolve withdrawal issues.
Trading Experience
The trading experience can be inconsistent, with some users reporting smooth transactions while others face challenges accessing their accounts or executing trades. The mixed reviews contribute to a moderate score in this area.
Trustworthiness
Absolute Markets scores poorly in trustworthiness due to its unregulated status and numerous complaints about withdrawal difficulties. Many users have labeled it a scam, which severely impacts its credibility.
User Experience
Overall user experience is marred by negative feedback regarding customer support and withdrawal processes. While some users have reported positive experiences, the overwhelming number of complaints suggests a need for caution.
In conclusion, the Absolute Markets review indicates significant concerns regarding the broker's reliability, customer service, and overall trustworthiness. Potential investors should exercise extreme caution and consider alternative, well-regulated brokers to ensure the safety of their funds.
