Abtrade

What is Abtrade?

Founded in 2020 and registered in Saint Vincent and the Grenadines, Abtrade is a financial trading platform that offers services in two languages and thousands of commodities. It offers a wide range of trading instruments and multiple account types to cater to different trading needs. The trading platform cTrader is being prepared. Although Abtrade claims to have a team of experts and advisors, they operate without regulatory oversight, which is a major concern for users.

Pros and Cons

• Wide range of trading instruments: Abtrade offers a wide range of asset trading options, including currencies, commodities, indices, stocks, and cryptocurrencies.

Demo Account Availability: The demo account allows you to test the platform and practice trading without risking real money.

7/24 Customer Support: Abtrade offers round-the-clock customer support, which can be beneficial if you encounter any issues outside of regular business hours.

• No Regulation: This is a major concern as unregulated brokers lack this accountability and pose a higher risk of fraud or unfair practices.

High Spreads for Standard Accounts: Abtrade offers higher spreads, with spreads starting from 14 pips for Standard accounts. This means you pay more per transaction, significantly impacting your profitability.

Is Abtrade safe?

We cannot be sure if Abtrade is safe or a scam. While they advertise features that appeal to traders, there are several red flags that raise serious concerns about their legitimacy and user security. The 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 standards of conduct.

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: On Abtrade, traders can trade commodities like gold, silver, Brent crude oil, crude oil, and copper with competitive spread rates.

Indices: Abtrade offers a diverse selection of indices from global markets, including US and European stock markets.

Stocks: The platform may allow traders to invest in stocks, which represent ownership in a company and are issued to shareholders.

Cryptocurrencies: Abtrade offers cryptocurrency trading, which is a relatively new asset class with a shorter history in the financial world compared to traditional currencies.

Account Types

Abtrade offers five different types of accounts, 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. The minimum deposit requirement is $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 willing to deposit a minimum of $1,000.

VIP Account: The VIP account is tailored for high-net-worth individuals or professional traders, willing to deposit a minimum of $5,000.

ECN Account: The ECN account is suitable for traders who prefer direct market access without dealing desk intervention. The minimum deposit requirement is $10,000, making it suitable for professional traders or institutional investors.

How to open an Abtrade account?

If you want to open an account, follow the steps below to set up your account smoothly.

Step 1: Click on the "Open Account" or "Register" button.

Navigate to the platform's website and initiate the account creation process by clicking on the "Open Account" or "Sign Up" button.

Step 2: Provide the required information.

Fill in your basic information, including your first name, last name, email address, country code, and mobile number, then create a secure password and confirm.

Step 3: Complete the registration.

Click the "Register" button to complete the registration process. This action will submit your information and complete the account creation procedure.

Step 4: Start your trade.

Choose the account model that works for you and verify your identity and address information. Then deposit funds into your account and start trading with Abtrade.

Leverage

Abtrade offers different levels of leverage depending on the account type chosen by the trader. For Standard, Silver, and Gold accounts, the leverage offered is 1:300. This means that traders can control position sizes up to 300 times their trading capital amount. For 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 lead to higher profits, it also increases the risk of significant losses.

Spreads & Commissions

Abtrade offers a variety of account types with varying spreads, starting from 14 pips for the Standard account and as low as 0.1 pips for the ECN account. This range allows traders to choose the account type that aligns with their trading preferences and cost considerations.

The absence of commissions is a notable feature for trading across all account types, as it simplifies the cost structure for traders. Additionally, Islamic accounts are available for all account types, ensuring that traders who adhere to Islamic finance principles can engage in trading without going against their beliefs.

Trading Platform

Abtrade is preparing to offer its clients the cTrader trading platform powered by Spotware. cTrader is known for its user-friendly interface and advanced trading features, making it a popular choice among traders. While not currently available, once available, 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 offers customer support through multiple channels. These various customer support options ensure that traders can easily access assistance and support whenever needed.

Phone: +381 65 472 1436

Email: info@abtrade.pro

Live Chat: Traders can use the live chat feature on the Abtrade website for real-time assistance.

Conclusion

Abtrade may seem enticing due to its account options, spreads, and commission-free trading, but there's a huge catch: they're not regulated. This lack of oversight poses significant risks to your capital and trading experience. We recommend choosing a regulated broker licensed by a reputable authority for greater transparency and fairer practices. Don't let seemingly low-cost deals cloud your judgment.