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ABSystem

United Kingdom|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://absystem.pro/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
DonnybrookConsulting-Real2 MT4
Server Location United Kingdom

Contact

+44 2030975817
compliance.de@absystem.pro
https://absystem.pro/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Contact number

English

+44 2030975817

Spanish

+34 960407841

Russian

+48 128817287

Broker Information

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Company Name

Arbitrage Broker Systems

Company Abbreviation

ABSystem

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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ABSystem · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No Regulation
Market Instrument 250+ instruments: forex, stocks, indices and commodities
Account Type Silver, Gold, Platinum and Diamond
Demo Account N/A
Maximum Leverage 1:100
Spread Silver: from 3 pips | Gold: from 2 pips | Platinum: from 1.5 pips | Diamond: from 0.5 pips
Commission N/A
Trading Platform web
Minimum Deposit $500
Deposit & Withdrawal Method local banks, e-wallets and digital currencies

ABSystem, a trading name of Arbitrage Broker Systems, is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:100 and floating spreads from 0.5 pips on the web-based trading platform via four different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that ABSystem currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.29/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

ABSystem advertises that it offers access to 250+ instruments across 4 asset classes - forex, stocks, indices and commodities.

Market Instruments

Account Types

ABSystem claims to offer four types of trading accounts, namely Silver, Gold, Platinum and Diamond, with minimum initial deposit requirements of $500, $3,000, $10,000 and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Types

Leverage

The leverage provided by ABSystem is adjusted based on certain assets. Specifically, 1:100 for currencies, 1:50 for commodities and indices, 1:20 for stocks and 1:10 for digital currencies. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

All spreads with ABSystem are a floating type and scaled with the accounts offered. For example, the spread starts from 3 pips on the Silver account, from 2 pips on the Gold account, from 1.5 pips on the Platinum account and 0.5 pips on the Diamond account.

Trading Platform Available

Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, ABSystem gives traders a web-based ABSystem platform. Whatever, you had better choose the brokers who offer the leading MT4 and MT5 trading platforms, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

ABSystem says that you can fund your account using numerous payment methods including credit cards, bank transfers via local banks, e-wallets and digital currencies, with no deposit fees. The minimum initial deposit requirement is said to be $500.

Customer Support

ABSystem‘s customer support can be reached by telephone: +442030975817, +34960407841, +48128817287, email: compliance.de@absystem.pro, compliance.ru@absystem.pro, compliance.it@absystem.pro, compliance.sp@absystem.pro or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.

Pros & Cons

Pros Cons
• Various tradable instruments, account types and payment methods offered • No regulation
• Uncompetitive spreads on the Silver, Gold and Platinum accounts
• Flexible leverage up to 1:100 • Extremely high minimum initial deposit requirement

Frequently Asked Questions (FAQs)

Q 1: Is ABSystem regulated?
A 1: No. It has been verified that ABSystem currently has no valid regulation.
Q 2: Does ABSystem offer the industry-standard MT4 & MT5?
A 2: No. Instead, ABSystem offers a web-based ABSystem platform.
Q 3: What is the minimum deposit for ABSystem
A 3: The minimum initial deposit to open a Silver account is $500, while $3,000 for the Gold account, $10,000 for the Platinum account and $50,000 for the Diamond account.
Q 4: Does ABSystem charge a fee?
A 4: Like every forex broker, ABSystem charges a spread fee.
Q 5: Is ABSystem a good broker for beginners?
A 5: No. ABSystem is not a good choice for beginners. Not only because of its unregulated condition, but also because of its extremely high initial deposit.

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大宝51570
more than one year
The spread of ABSystem is too high, which has brought a lot of trouble to my transaction. Especially in highly volatile market conditions, the increase in spreads leads to higher transaction costs. I am very disappointed that ABSystem's spreads are much higher compared to other competitors. I'm considering leaving here.
2023-03-20 18:02
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