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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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