Abshire Smith Xem lại

On-line since: 2011
Country of origin: UK
Regulation: FCA
Payment options: bank transfer, Visa/MasterСard, Neteller, Skrill, CashU
Minimum account size: $500
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: from 1.3 pips

About company:

The broker has been operating since 2011. It is owned by Abshire-Smith-Global Ltd. and regulated by the FCA. Abshire-Smith is headquartered in London.

The company’s clients can trade commodities, shares, options, futures, and securities.

Security

Abshire Smith is governed by the FCA. This is one of the few regulatory organizations in the world that most forex traders trust. All clients’ funds are kept on segregated accounts in the leading UK banks. Since the company is a participant in the FSCS program, traders can receive compensation in case of broker’s insolvency.

Companies controlled by the FCA are inspected periodically. Strict regulations protect traders from such problems of dishonest brokers as price manipulation, wrong price channels and etc.

Most clients of the broker are traders from the Middle East, Africa, and Asia. It is difficult to open an account for traders from Iran and countries subject to United Nations Sanctions.

Trading platforms

Abshire Smith clients can trade on the popular MetaTrader4 platform, as well as on VertexFX10 and Straticator.

VertexFX 10 was developed by Hybrid Solutions and has similar functions as MT4. Traders can use such helpful tools as technical indicators and expert advisors.

The Straticator platform was launched in 2012. Mainly, it was developed for trading on CFD and spot markets. Traders can create their own strategies as well as view charts and reports.

Trading conditions

The minimum deposit required to start working with Abshire-Smite is $500 for the Mini account, which is higher than most other forex brokers require. To open the Mini ECN and Standard accounts, you need to deposit $1,000. The VIP account is available for $10,000.

Abshire Smith does not charge commissions for trading on MT4 and VertexFX10. Usual spreads are about 1.3 pips for EUR/USD, which is an average in the industry.

The size of the leverage depends on the type of trading instrument. The company provides leverage of 1:200 for currencies and 1:100 for other instruments.

The broker is popular among traders in the Middle East. Keeping in mind such clients, the company launched Islamic accounts that are consistent with the Sharia law.

Beginners can study markets and trading platforms without any financial risks on the demo account.

Additional services

All account holders can subscribe to audio news service SQUAWK. The channel transmits economic news 24/7 in real time, including press conferences, as well as analysts’ reviews of current and future market trends.

SQUAWK gives traders a competitive advantage over other market participants and allows them to respond more quickly to the market that instantly mirrors the news.

The website also provides access to economic reports, articles on forex, and an economic calendar that contains financial events scheduled for several days.

Analytical materials include technical and fundamental analysis, a forex blog, weekly forecasts and analysis of 7 currency pairs and gold.

Payment methods

You can easily deposit funds into your account using bank cards, bank transfer and e-wallets. Applications for withdrawal of funds are usually processed within a working day. However, it takes up to 7 days to credit money to a client's account.

Clients support service

Abshire Smith clients can consult a company’s specialist via email, phone, special feedback form on the site, or at the London office. The broker's website is available in English and Arabic.

Advantages:

• competitive spreads;
• regulated broker;
• execution of orders via the STP technology;
• a wide range of accounts and trading platforms.

Disadvantages:

• there is not enough information about the trading conditions on the broker's website.