Abstract：Absolute Markets, a trading name of Absolute Markets LLC, is an online forex broker registered in Saint Vincent and the Grenadines, claiming to offer its clients access to massive financial markets through the leading MT4 trading platform. Absolute Markets offers four tiered trading accounts, with the maximum trading leverage up to 1:1000, insanely high.
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. You can use the leverage to your benefit or detriment. Therefore, you should consider carefully whether or not this sort of investment activity is right for you. Please note the information contained in this article is for general information purposes only.
General Information & Regulation
|Registered Country/Region||Saint Vincent and the Grenadines|
|Market Instrument||Forex pairs, Cryptos, Stocks CFDs on Shares, Metals, Indices, and Energies|
|Account Type||Micro, Variable, ECN, and VIP ECN|
|Spread||Vary on the account type|
|Commission||Vary on the account type|
|Minimum Deposit||$1- $200 (vary on the method)|
|Deposit & Withdrawal Method||credit/debit cards, cryptocurrencies, Ecobank, Bank Transfers, PayRedeem, Mobile Money, Perfect Money, and Virtual Pay|
Absolute Markets, a trading name of Absolute Markets LLC, is an online forex broker registered in Saint Vincent and the Grenadines, claiming to offer its clients access to massive financial markets through the leading MT4 trading platform. Absolute Markets offers four tiered trading accounts, with the maximum trading leverage up to 1:1000, insanely high.
Here is the home page of this brokers official site:
As for regulation, it has been verified that Absolute Markets holds a generally registered Financial Conduct Authority - FCA license. That is why its regulatory status on WikiFX is listed as “General Registration” and receives an average score of 6.37/10.
Note: The screenshot date is January 19, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Absolute Markets boasts that investors with its platform can trade on various popular and mainstream financial markets, including 200+ major and minor Forex pairs, Cryptos, Stocks CFDs on Shares, Metals, Indices, and Energies. Investors have the greater flexibility to follow market trends and diversify their investment portfolios.
Apart from demo accounts, four live trading accounts are designed for both retail and professional traders, namely Micro, Variable, ECN, and VIP ECN accounts. The minimum initial deposits required by the Absolute Markets seem reasonable, and the Micro account, for example, requires only $50 to start trading, seemingly friendly to novices. The Variable account asks for a minimum deposit of $100, and the last two accounts, ECN and VIP ECN require $500 and $5,000 to start trading.
Although these accounts are set with different features, they share some basic account services in common, such as Scalping /EA allowed, 7x7 online support, and more.
Swap-free accounts are optional and the Variable, ECN and VIP ECN all come with a certain amount of bonuses.
The maximum trading leverage offered by Absolute Markets is insanely high, reaching up to 1:1000, with leverage for cryptos trading as high as 1:100, which is much above the appropriate amount considered by most regulatory authorities. Leverage can amplify your gains as well as your losses, therefore, traders need to choose the proper amount that they feel most at ease.
Spreads & Commissions
Firstly, the spreads and commissions are determined by trading accounts. The more equity in your account, the more competitive spreads you can enjoy. The Micro and the Variable accounts offer a commission-free trading environment, accompanied by average spreads. The ECN and VIP ECN account offers raw spreads, as low as 0.0 pips, with commissions of $10 per round turn lot and $7 per round turn lot charged, respectively.
Besides, you can also check out some real-time spreads listed on the homepage of Absolute Markets, with the spread on the EUR/USD pair floating around 0 pips. Please note prices are indicative and may be delayed.
As an unregulated forex broker, Absolute Markets still offers its clients the leading MT4 trading platform, which can be accessed through Desktop, Web, and Mobile devices. MT4 offers easy-to-read, interactive charts that allow you to monitor and analyze the markets in real time. Youll also have access to more than 30 technical indicators which can help you identify market trends and signals for entry and exit points. Some features and functionalities offered by MT4 include its powerful security system and multiple-device functionality, which enable you to trade with complete confidence at your convenience.
Deposit & Withdrawal
The minimum deposit required to start investing varies depending on payment options, ranging from $1 to $200. Absolute Markets allows investors to deposit through credit/debit cards like Visa and MasterCard, cryptocurrencies such as Bitcoin, Ethereum and Tether, Ecobank, Bank Transfers, PayRedeem, Mobile Money, Perfect Money, and Virtual Pay. International Bank Transfer deposits may occur some fees, while other payment methods are free of charge. Processing time varies depending on different payment methods.
Withdrawal can be made through International Bank Transfers, Load, Bitcoin, Ethereum, Tether, and Perfect Money. The withdrawal amount is typical $25, yet $1 via Perfect Money and $100 via International Bank Transfer. 1-5 days for International Bank Transfer withdrawals, while 24 hours for other withdrawals.
If you request to withdraw your funds after no trading activity, it will charge you the equivalent amount of any banking fees incurred, or 3% of the total withdrawal amount.
Bonuses & Fees
Absolute Markets claims to offer a 30% Welcome Bonus for all account types except for Micro accounts.
When an account has been deemed inactive (no trading activity) for 6 months, it will apply an inactivity fee of $/€/£5.
Absolute Markets relies heavily on its Frequently Asked Questions section and Chatbot to assist customers. The multilingual support staff is available via phone and email whenever the markets are open.
Here are some contact details:
Tel: （+61）0493 516 132
A contact Form
Or you can also follow this brokerage through some popular social media platforms, such as Facebook, Instagram, Telegram, and YouTube.
Company address: Suite 305 Griffith Corporate Centre Kingstown Saint Vincent and the Grenadines.
Pros & Cons
|• Multiple trading assets, account types and funding options||• FCA license is just generally registered|
|• Demo accounts available|
|• Low minimum deposit|
|• MT4 supported|
Frequently Asked Questions (FAQs)
|Q 1:||Is Absolute Markets regulated？|
|A 1:||Absolute Markets holds a generally registered Financial Conduct Authority - FCA license.|
|Q 2:||Does Absolute Markets offer demo accounts？|
|Q 3:||Does Absolute Markets offer the industry-standard MT4 & MT5？|
|A 3:||Yes. Absolute Markets supports MT4.|
|Q 4:||What is the minimum deposit for Absolute Markets？|
|A 4:||The minimum initial deposit at Absolute Markets to open a Micro account is $50.|
|Q 5:||Is Absolute Markets a good broker for beginners？|
|A 5:||Yes. Absolute Markets is a good choice for beginners because it offers a wide variety of trading instruments with low trading costs on the industry-standard MT4 platform. Also, it offers a demo account that allows traders to practice trading without risking any real money.|