Abshire Smith reviews

Abshire Smith_logo Abshire Smith 6/10 (votes 2380)

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

The broker started operating in 2011. It is a brade name of Abshire-Smith-Global Ltd regulated by the FCA. The headquarters of Abshire-Smith are located in London.

The company offers to trade commodities, stocks, options, futures, and securities. Clients' funds are kept in segregated accounts.

The broker's clients can choose one out of several account types which can be opened on the Vertex FX 10, MetaTrader 4 and Stratacator trading platforms.

The Standard and VIP accounts have fixed spreads and a maximum leverage of 1:200. The minimum deposit is $500 for the Standard account and $15,000 for the VIP account. The Standard account is automatically opened on the VertexFX Trader platform.

The Corporate account (also known as the Institutional account) requires a minimum deposit of $50,000. For this account type, there are vast amounts of liquidity across a number of asset classes.

Abshire-Smith can also provide direct access (DMA) to the forex market. Clients' orders are passed directly to the liquidity providers, that are major financial organizations.

A demo account gives a number of advantages to beginning traders. Clients can trade without a risk of financial loss, understand the principles of working in the markets, and test trading platforms.

The broker is very popular among traders of the Middle East. For these clients, Abshire-Smith offers Islamic accounts whose trading conditions do not violate Shariah law.

All traders have an opportunity to subscribe to the Squawk service, the audio news broadcast. Squawk provides 24 hour real time market news, including live news events such as conferences and reviews of analysts on current and prospective market trends.

This service ensures a competitive advantage to the company’s clients and allows them to react on the market’s movements promptly.

On the website, traders will also find economic reports and an economic calendar with up-to-date financial events scheduled for coming days.

The broker accepts such payment methods as credit and debit cards, wire transfer, and e-wallets. Requests for withdrawal of funds are usually processed within a working day. However, it takes up to 7 days before funds are transferred to a client's account.

Traders can contact the customer support by email, phone, or by requesting a callback via the form on the website as well as consult a manager in person in the office located in London. The broker's website is available in English and Arabic.

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Comments about broker

Dendy trader
review Abshire Smith
04-10-22

Abshire-Smith broker is very complicated and I had a lot of problems when I joined this broker. This broker will only complicate when we want to withdraw all deposits even when you want to close your account at this broker. Until now I still have difficulty to make the process of closing the account. I'm sure the broker intentionally made all process becomes more difficult.

Preciosa trader
review Abshire Smith
22-06-21

Abshire-Smith is able to provide a comfortable trading experience but they are lacking in their customer support care. Their representatives are slow in responding to messages even through the live chat. They should be more attentive on this matter especially during trading hours.

Kishim trader
review Abshire Smith
06-04-21

I am not satisfied with this broker. They just want money. After making the deposit, they became completely ignorant. This company never provides a detailed answer about the rules that traders had violated and this was a very huge mistake for them. Always their trading platform freezing at me and I couldn't log in. Beside it was crashes, especially if you have a trade that is really going in your favor in a big way. Trades are not an instant execution because it is delayed by 20-30 secs. Their price manipulation that cost me a lot of money.

Harvir trader
review Abshire Smith
05-04-21

I've got the worst trading experience with the Abshire-Smith broker. I have invested $350 but can't return back my money. As their spread isn't fixed and their price quotes aren't live. So I was getting a loss every day by the scalping strategy. Also, I have faced financial problems too, such as they had cancelled my withdrawal request so many time through the Skrill account. So I am disappointed with Abshire-Smith.

Dennis trader
review Abshire Smith
06-10-20

It seems that there are many traders who are pleased with their experience at Abshire-Smith; but personally, I am not satisfied with my experience. Their customer support is not very welcoming. When I have concerns regarding the platform, they would always say that the problem is with my device and they say it without a second thought. My computer has high specs so I doubt that the problem is on my end. I wish they would be more accommodating to their clients.

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