ABSHIRESMITH

About company:

 

The broker has been operating since 2011 and is owned by Abshire-Smith-Global Ltd, regulated by the FCA. Abshir-Smith's headquarters is located in London.

 

The company offers trading in commodities, stocks, options, futures, securities.

 

Safety

Abshire Smith is regulated by the FCA. It is one of the few regulatory bodies in the world that is trusted by most Forex traders. All client funds are held in segregated accounts with leading UK banks. Also, traders can count on compensation in the event of a broker's bankruptcy, since the company is a member of the FSCS program.

 

FCA regulated companies are reviewed periodically. Strict regulations ensure that traders are protected from most common broker problems, such as price manipulation, wrong price channels, and more.

 

The main client base of the broker is made up of traders from the Middle East, Africa and Asia. Traders from Iran and countries included in the UN sanctions list find it difficult to open a trading account with a company.

 

Trading platforms

Traders can work on the popular MetaTrader4 platform, as well as on the VertexFX10 and Straticator terminals.

 

VertexFX 10 was developed by Hybrid Solutions and resembles MT4 in functionality. Traders can use such useful tools as technical indicators, advisors.

 

The Straticator platform was launched in 2012. Her main direction is trading on spot markets and CFDs. Traders can create their own strategies, as well as view charts and reports.

 

Trading conditions

The minimum deposit required to open an account with Abshir-Smith is $ 500 on a Mini account, which is higher than most other Forex brokers. To open Mini ECN and Standard accounts, you need to deposit $ 1,000, and a VIP account is available from $ 10,000.

 

Abshire Smith does not charge commissions on MT4 and VertexFX10 trading and typical spreads are around 1.3 pips on EUR / USD, which is the industry average.

 

The amount of leverage varies depending on the type of trading asset. For Forex all accounts have a leverage of 1: 200, for all other instruments - 1: 100.

 

The broker is popular with traders in the Middle East. Islamic accounts are available especially for such clients, which do not contradict Sharia law.

 

Beginners can explore the markets and trading terminals without the risk of financial losses on the demo account.

 

additional services

All account holders can subscribe to the SQUAWK audio news service for traders. The channel broadcasts news in real time around the clock, including from press conferences, analysts also speak about current and future market trends.

 

Squawk provides traders with a competitive edge over other market participants and allows them to react faster to a market driven by news.

 

On the site, traders will also be able to find economic reports and an economic calendar with current quotes of financial events scheduled for several days, articles about Forex.

 

Analytical materials are presented by technical and fundamental analysis, Forex blog, forecasts for the week and analysis for 7 currency pairs and gold.

 

Ways of payment

Funding can be done easily using credit and debit cards, bank transfer and e-wallet. Withdrawal requests are usually processed within a business day. However, the time when they are credited to the client's account takes up to 7 days.

 

Support service

Customer questions are accepted by e-mail, telephone, at the London office and using a special feedback form on the website The broker's website is available in English and Arabic.

 

Pros:

 

competitive spreads; regulated broker; execution of orders using STP technology; wide range of accounts and trading platforms.

 

Minuses:

 

there is not enough information on the broker's website about the terms of trade.