ABX Forex Broker provides real users with * positive reviews, 2 neutral reviews and * exposure review!
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Considering the current international situation, I think it is necessary to buy some gold...but this company does not seem to have any regulatory licenses, so I dare not invest here.
I haven’t used this broker yet, but they contacted me to make some investments on Gold and Silver… staff from this company seems very friendly and professional…
In 2025, ABX Trade remains a contentious player in the forex trading arena, with reviews reflecting a mix of skepticism and concern among traders. While the platform offers some appealing features, such as low minimum deposit requirements and a user-friendly trading interface, significant red flags regarding its regulatory status and customer service persist. The absence of valid regulation raises alarms about the safety of funds and the overall reliability of the broker.
Note: The existence of different entities operating under the ABX name across various jurisdictions complicates the assessment of its legitimacy. This review aims to provide a fair and accurate overview based on the available data.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 2 |
| User Experience | 4 |
We evaluate brokers based on a comprehensive analysis of user feedback and expert opinions.
Founded in 2011, ABX Trade claims to operate as a straight-through processing (STP) broker based in Saint Vincent and the Grenadines. The platform primarily uses the widely recognized MetaTrader 4 (MT4) trading platform, which is praised for its reliability and extensive features. ABX Trade offers a variety of trading instruments, including forex, commodities, and contracts for difference (CFDs). However, it is crucial to note that ABX Trade operates without valid regulatory oversight, which raises significant concerns about investor protection.
Regulatory Status:
ABX Trade is registered in Saint Vincent and the Grenadines, a jurisdiction known for its lax regulatory environment. The broker lacks legitimate oversight from recognized financial authorities, raising serious concerns about transparency and accountability. As noted by various sources, including WikiFX, the absence of regulation is a major red flag that potential traders should consider.
Deposit and Withdrawal Options:
ABX Trade accepts deposits primarily through bank transfers, with a minimum deposit requirement of just $10, making it accessible for beginner traders. However, the specifics regarding withdrawal methods and minimum amounts are often unclear, leading to frustration among users. Several reviews have pointed out issues with withdrawals, indicating that traders may face difficulties accessing their funds.
Bonuses and Promotions:
The broker advertises enticing bonuses, such as a 500% deposit bonus. However, it is essential to approach these offers with caution, as they often come with stringent terms and conditions that can be challenging to meet. As stated in reviews, legitimate brokers typically do not offer such bonuses, which further casts doubt on ABX Trade's credibility.
Trading Instruments:
ABX Trade provides a diverse array of trading instruments, including forex pairs, commodities, and CFDs. This variety allows traders to engage in different markets, but the lack of comprehensive educational resources may hinder less experienced traders from making informed decisions.
Costs and Fees:
The cost structure at ABX Trade includes variable spreads, starting from 1.8 pips for standard accounts, while ECN accounts offer zero spreads but charge a commission of $2 per lot. While these rates are competitive, the overall cost of trading can accumulate, especially for high-frequency traders.
Leverage:
ABX Trade offers leverage of up to 1:1000, which can amplify both profits and losses. This high leverage is attractive to experienced traders but poses significant risks, particularly for those who are new to trading.
Allowed Trading Platforms:
The primary trading platform offered by ABX Trade is MetaTrader 4, which is widely regarded for its robust features, including automated trading capabilities and extensive charting tools. However, the absence of MetaTrader 5 (MT5) limits the options for traders looking for more advanced features.
Restricted Regions:
The broker does not provide clear information regarding restricted regions, but given its unregulated status, it is advisable for traders from jurisdictions with strict financial regulations to avoid engaging with ABX Trade.
Available Customer Support Languages:
Customer service at ABX Trade is reported to be lacking, with many users citing poor responsiveness and inadequate support. The primary language for customer service appears to be English, but the quality of assistance is a significant concern based on user feedback.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 2 |
| User Experience | 4 |
Account Conditions:
ABX Trade offers a low minimum deposit of $10 but lacks clarity on withdrawal processes, leading to a rating of 4. Users have indicated that while the entry barrier is low, the overall experience can be frustrating due to withdrawal issues.
Tools and Resources:
The availability of MT4 provides a solid foundation for trading, earning a score of 5. However, the lack of educational resources and advanced tools limits the potential for novice traders to fully leverage the platform.
Customer Service and Support:
With a score of 3, customer service is a significant pain point for users. Many reviews highlight slow response times and unhelpful support, which can deter traders from engaging with the platform.
Trading Setup (Experience):
The trading experience on MT4 is generally positive, with a score of 6. However, the absence of MT5 and limited customization options detracts from the overall user experience.
Trustworthiness:
The lack of regulation and numerous negative reviews contribute to a low trust rating of 2. Potential traders are strongly advised to proceed with caution.
User Experience:
Overall, user experience is rated at 4, indicating that while the platform is user-friendly, significant issues with trust and customer support overshadow its strengths.
In conclusion, while ABX Trade offers some attractive features, the significant concerns regarding its regulatory status, customer support, and overall trustworthiness make it a risky choice for traders. Prospective users are encouraged to conduct thorough research and consider more reputable alternatives before engaging with this broker.
