Abshire Smith Review – Pros and Cons Revealed
Abshire Smith is a company that offers access to the FX markets. Founded in 2011, the broker claims to provide a high-quality trading environment with a mixture of venues and instruments.
However, there have been reports of Abshire Smith scamming traders from the United Kingdom, the US, South Africa, and Turkey. In this Abshire Smith review, we will examine the broker’s status, supported platforms, minimum deposit, trading assets, maximum leverage, and more. Stay tuned!
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Owned by:||Abshire-Smith-Global Ltd|
|Supported Platforms:||VertexFX10, MT4, Straticator|
|Types of Assets:||FX, CFDs, metals, commodities, Futures, Equities|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
Is Abshire Smith a Regulated Broker or Not?
We checked the FCA, ASIC, and BaFin databases to see if Abshire Smith was regulated there, but we couldn’t find the broker on the lists. Abshire Smith doesn’t have FCA, ASIC, or BaFin licenses, and the broker doesn’t have Tier 1 regulation. Therefore, it is an unregulated broker.
The FCA license they apparently had is no longer valid. Remember this!
Reviews From Traders
At the time of writing, there is only one review on Trustpilot for this company, with a rating of 3.0 out of 5. Some users complain about the broker’s customer service, while others praise the broker’s trading platforms and products.
It’s critical to note that having just one review on Trustpilot may not be representative of Abshire Smith’s overall reputation or the experiences of all its clients. It’s always a good idea to do further research and gather feedback from multiple sources before making any decisions about which broker to use.
Abshire Smith – Trading Software
Abshire Smith offers three trading platforms: MetaTrader 4, Straticator, and VertexFX 10.
MetaTrader 4 is a popular trading platform that provides advanced charting, technical analysis tools, and automated trading strategies. It is widely used by traders of all levels, due to its user-friendly interface and customizable features. It is also supported by many brokers, making it a convenient choice for those who want to trade multiple markets. Additionally, MetaTrader 4 offers a wide range of indicators and scripts.
Straticator is a web-based trading platform that offers a wide range of trading tools and features. Also, Straticator is easy to navigate and user-friendly, making it a popular choice for both novice and experienced traders. Its advanced charting tools, technical analysis indicators, and real-time market news updates provide valuable information. Additionally, Straticator offers a mobile app, which allows people to monitor markets on the go.
VertexFX 10 is a trading platform that provides access to many trading instruments and analytical tools. Also, VertexFX 10 trading platform is highly user-friendly. The platform also supports algorithmic trading and provides various APIs for traders to develop their own automated trading strategies. Additionally, the VertexFX 10 platform offers a comprehensive back-office management system.
Abshire Smith’s Trading Assets and Instruments
This company offers a variety of trading assets, including forex, commodities, indices, and shares. Forex trading is available for 44 currency pairs, while commodities trading includes gold, silver, oil, and natural gas.
Indices trading includes the FTSE 100, DAX 30, NASDAQ 100, and more. Shares trading is available for over 100 global companies.
Abshire Smith’s Countries of Service
Abshire Smith offers its services to traders from all over the world. They mainly target residents of:
- South Africa,
The firm is illicit and shouldn’t be trusted.
According to available information, Abshire Smith offers three different types of trading accounts to its clients.
The first one is the Live Trading Account which is designed for real-time trading with actual funds. The second account type is the Risk-Free Demo Account, which allows traders to practice trading in a simulated environment using virtual funds without the risk of losing real money.
Lastly, the Corporate Account provides access to custom-tailored solutions. Other than this information, no further details on account features, requirements, or fees are available on Abshire Smith’s website or other reliable sources.
Can a Trader Use a Demo Account?
Yes, Abshire Smith apparently offers a free demo account for you to test their strategies. The demo account provides real-time market data and allows you to practice trading with virtual funds without risking your own capital.
Notably, the demo account is an excellent tool. However, this broker is suspicious and should be avoided.
Abshire Smith offers partnership programs for Introducing Brokers (IBs), Companies, and White Label partners.
These programs provide partners with a range of benefits such as competitive commission rates, access to a range of trading platforms, and personalized support. However, don’t forget that this broker is unregulated. Your funds won’t be safe with them!
Terms of Service for Abshire Smith
Abshire Smith’s terms of service cover account opening procedures, trading rules, and fees. Traders should carefully read and understand these terms before opening an account with Abshire Smith.
The terms of service also provide details on the company’s policies regarding deposits and withdrawals. Make sure to read it carefully.
Leverage, Spreads, and Fees
Abshire Smith offers competitive trading conditions with variable spreads on major currency pairs and a maximum leverage of 1:400.
No matter how tempting the trading conditions may be, this company is fake. Their so-called license is not valid anymore. Beware of this.
What Should I Do if I Have a Problem With Abshire Smith?
If you encountered a problem with Abshire Smith, there are several steps that you can take. Consider seeking legal advice or contacting consumer protection organizations for assistance. It is imperative to be vigilant and not to provide any further personal or financial information to the company if there are concerns about its legitimacy.
Also, If you require assistance with chargebacks, schedule a complimentary consultation with our team of chargeback specialists who will assist you in recovering your funds.
What Is Abshire Smith?
Abshire Smith is a brokerage firm that offers trading services. Yet, it is suspicious.
Is Abshire Smith a Scam Broker?
There are suspicions that Abshire Smith is a scam broker. Be mindful of that.
Is Abshire Smith Available in the United States or the UK?
It is unclear whether Abshire Smith really operates in the UK. They don’t support US clients.
Does Abshire Smith Offer a Demo Account?
Yes, Abshire Smith apparently offers a risk-free demo account.