Absolute Markets Review 2024

What is Absolute Markets?

Absolute Markets is an online broker that offers financial services to traders of all experience levels. It provides a platform for trading diverse financial instruments such as major and minor Forex pairs, CFDs, Indices, Shares, Energies, and Cryptocurrencies. However, it’s important to note that there have been some criticisms of Absolute Markets. For instance, the company has been accused of failing to fulfill its obligations to customers and partners, and of ceasing payouts. Other reported disadvantages include the unavailability of bonuses on cent accounts, a higher minimum deposit amount on Micro accounts compared to competitors, and the inability to deposit and withdraw funds using popular payment systems like Skrill, Neteller, and PayPal. Despite these criticisms, some traders have found value in Absolute Markets’ offerings. The broker’s fees are considered satisfactory by some, and the execution speed, while not the fastest, is deemed acceptable. The selection of assets and available payment systems is also seen as satisfactory, and customer support operators are reported to respond quickly to requests. Absolute Markets offers both the MetaTrader 4 (MT4) platform and its proprietary WebTrader platform. These platforms can be accessed through Desktop, Web, and Mobile devices. Some traders have found the WebTrader platform to be less convenient than MetaTrader. In conclusion, while Absolute Markets offers a range of trading options and platforms, potential users should be aware of the criticisms leveled against the company and consider these factors when deciding whether to engage with this broker.

What is the Review Rating of Absolute Markets?

What are the Pros of Absolute Markets?

Absolute Markets, a notable player in the forex trading landscape, offers several advantages that make it an attractive choice for both novice and experienced traders. Here are some of the key benefits:. 1. Wide Range of Forex Pairs Absolute Markets provides access to over 200 major and minor forex pairs. This extensive selection includes not only major pairs like EUR/USD and GBP/USD but also exotic currency pairs such as ZAR/JPY and NDZ/NOK. This wide range of options allows traders to diversify their portfolio and explore different markets. 2. Competitive Spreads The broker offers very low spreads, which can contribute to reducing trading costs. Lower spreads mean that the cost to enter a trade is reduced, which can potentially lead to higher profits. 3. High Leverage Absolute Markets offers a maximum leverage of 1:1000. High leverage can amplify profits, although it should be noted that it can also increase losses. Therefore, leverage should be used judiciously and traders should have a good understanding of risk management. 4. User-Friendly Platform Absolute Markets utilizes the MetaTrader 4 platform. , which is known for its user-friendly interface, advanced charting capabilities, and a wide range of technical indicators. This platform is widely recognized in the forex industry and is suitable for both beginners and experienced traders. 5. Customer Support Customer support at Absolute Markets is responsive and quick to handle requests. This can be particularly beneficial for new traders who may require assistance in navigating the platform or understanding certain features. It’s important to note that while Absolute Markets offers several advantages, it’s crucial for traders to conduct their own research and consider their individual trading needs and goals before choosing a forex broker.

What are the Cons of Absolute Markets?

Absolute Markets, a forex trading platform, has been the subject of scrutiny due to several issues that have been raised by its users. Here are some of the key disadvantages associated with this platform:. 1. Unfulfilled Obligations: There have been multiple complaints filed against Absolute Markets by traders claiming the broker failed to fulfill its obligations. This includes processing withdrawals, which is a crucial aspect of any trading platform. 2. Limited Payment Options: Traders have reported that you cannot deposit and withdraw funds using popular payment systems, such as Skrill, Neteller, PayPal, etc. This lack of flexibility can be a significant drawback for many traders. 3. High Minimum Deposit: The minimum deposit amount on Micro accounts is reportedly higher than that of the competitors. This could potentially deter novice traders or those with a limited budget from using the platform. 4. Absence of Bonuses: Bonuses are not available on cent accounts. Bonuses can often serve as an incentive for traders, and their absence could be seen as a disadvantage. 5. Poor Website Maintenance: The website of Absolute Markets is reportedly down, not updated, or operates with clear errors and some features are not available. A well-maintained and user-friendly website is essential for a good trading experience. 6. Automatic Trading Issues: Some traders have reported issues with automatic trading. They claim that withdrawal is not possible due to ongoing automatic trades. Furthermore, there have been reports of losing trades until the account balance is depleted. These issues highlight the importance of thorough research and due diligence before choosing a forex trading platform. It’s crucial to ensure that the platform is reliable, secure, and suits your trading needs and style.

Is Absolute Markets Regulated and who are the Regulators?

Absolute Markets, a broker established in 2021, has been providing Forex/CFD trading services to over 4 million clients. However, the question of its regulation has been a subject of scrutiny. According to some sources, Absolute Markets claims to be regulated by the Financial Services Authority (FSA) in St. Vincent and the Grenadines (SVG). However, it’s important to note that the FSA itself has repeatedly stated that it does not license forex and other types of brokerages, nor oversees their activities. This raises questions about the validity of Absolute Markets’ claim of being regulated by the FSA. Furthermore, there have been reports indicating that Absolute Markets has ceased to fulfill its obligations to customers and partners, and has stopped making payouts. This information further casts doubt on the credibility and safety of trading with Absolute Markets. Working with a regulated broker is crucial as a license certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). In conclusion, while Absolute Markets claims to be regulated, the evidence suggests otherwise. Traders are advised to exercise caution and conduct thorough research before choosing a broker.