On-line since: 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:
Disadvantages:
2/10
(votes 2195)
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I have invested $300 with Abshire Smith broker and I have a significant change in trading. Last month I lost all of my money due to their fake trading platform. They changed the closing price and made it invalid if my orders were profitable. This is a big way to mislead the traders. So I've determined to get out from Abshire Smith broker.
Abshire Smith is a trusted broker. The most favorite part of this broker is their support team. The support team is well educated, gave me a solution for my trading also solved the problem quickly. There is a problem during my trading, but it's acceptable and not significant since the support fixed it directly. I have been trading with Abshire Smith for 2 years, and I have made a profit many times with easy withdrawal. Trading at Abshire Smith is secured because they are well-regulated broker, regulated by the FCA.
I've found a fake candle on Abshire-Smith's chart, So my position slippage 10 to 20 pips and my EA didn't work. Really it is panic to trade with the Abshire-Smith platform. As I've lost almost $50. I say they are a disappointing platform in the market.
Abshire Smith is remarkable. Throughout my search for Forex broker, this company showed the best trading conditions. It has the lowest fee and the most affordable account registration. I already chose this broker and have been working with them for almost a year. And I think I did not make a mistake is selecting them.
I am a satisfied trader at Abshire Smith broker. Their platform is great. In my opinion, Abshire Smith is a professional broker. Order execution is fast, and it is easy to navigate and operate. Then the spread is tight. On news release, the spread widens for only 1-2 pips. But most of the time, it remains at its usual spread, which makes it more convenient. As for the withdrawal and deposit, I use Skrill, and when I withdrew $380 last month, it was transferred on the same day. Customer support is also well-educated and excellent. So pleased to trade with Abshire Smith broker.
Trading with Abshire Smith allowed me to not only enhance my trading skills and my judgment but it also allowed me to be productive. My trading activities at this broker are always smooth. There are no interruptions and I haven't encountered many slippage. I am thankful that this has become my broker.
I opened an account with Abshire Smith since April 2020. I was started with $200, they give me $100 as a 50% deposit bonus. Because of my trading strategies worked go I was able to make profit of $143 within 15 days. I was quite happy and put a withdrawal request of $100 from my profit. Next day when I was trying to login I found they blocked my account. Immediately I contacted with their live support they did not assist me. You can make profit but you may not withdraw profit. So please be aware.
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