Absolute Markets is a legally registered forex broker located in the Saint Vincent and the Grenadines, but not regulated by any government agency.
Absolute Markets accepts clients from all over the world excluding some jurisdictions where restrictions apply.
Forex broker offers the following underlying assets for trading.
|45+ Currency Pairs||Based on major and minor world currencies.|
|60+ Crypto Pairs||Based on Bitcoin, Bitcoin Cash, BAT, BNB, Dash, EOS, Ethereum, Iota, Litecoin, Neo, OmiseGO, Trox, Lumen, Monero, Zcash.|
|12 Indice CFDs||Based on baskets of different blue-chip stocks.|
|7 Metal CFDs||Based on Gold, Silver, Platinum, Palladium and Copper.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|80+ Stock CFDs||Based on shares of US and EU companies.|
Absolute Markets is a forex broker that operates out of Saint Vincent and the Grenadines, an offshore jurisdiction in the Caribbean where forex brokers are not regulated by the government. As a result, the broker is free to offer pretty much any trading conditions it wants. With this broker, that means leverage of up to 1:1,000, a simple registration and ID verification process, and option to fund trading accounts with cryptocurrency.
Worth noting about Absolute Markets is that this is one of just a few brokers we have reviewed that accepts clients from the US. “Yes we are proud to accept and welcome US citizens/Residents,” the broker states on its website, adding that leverage for US clients will be limited to 1:100.
As far as trading instruments go, Absolute Markets should have most people covered with its selection of forex, stocks, stock indices and commodities. In addition, the broker has a strong selection of more than 60 cryptocurrency CFDs, which is far more than what is offered in terms of crypto from other forex brokers.
Like many other forex brokers, Absolute Markets has chosen to offer only the MetaTrader 4 (MT4) as its trading platform. Despite now being a fairly old platform, MT4 is still extremely popular among retail forex traders, and offers one of the best selections of automated trading strategies and custom technical indicators in the world.
Before signing up with Absolute Markets, new users need to choose one out of four account types to trade with:
– A Micro account with a USD 50 minimum deposit, spreads from 1.4 pips, and no commissions
– A Variable account with a USD 100 minimum deposit, spreads from 1.2 pips, and no commissions
– An ECN account with a USD 500 minimum deposit, spreads from 0.1 pips, and commissions from USD 10
– A VIP ECN account with a USD 5,000 minimum deposit, spreads from 0 pips, and commissions from USD 10
To fund a trading account with Absolute Markets, clients have the option of using either debit or credit cards such as Visa and MasterCard, the e-wallet service VLoad, the cryptocurrencies Bitcoin, Ethereum or Tether, international bank transfer, or local bank transfer in Malaysia, Thailand, Indonesia, Vietnam and the Philippines.
All funding methods are processed free of charge by the broker, and most will be processed within 1 hour.
To reach Absolute Market’s customer support team, clients can reach the broker using either live chat or email. Unfortunately, the broker does not offer 24-hour support, and it has not published any phone number clients can reach it on for more urgent needs.
In conclusion, we see Absolute Markets as a broker that traders who like using the MetaTrader 4 platform can consider, and perhaps especially if they want to trade crypto CFDs with high leverage. In addition, the broker may also be a good choice for South East Asian traders given the opportunity to fund trading accounts with local bank transfers in that region.
Still, it is important to mention that this is an unregulated offshore forex broker. Trading with unregulated brokers always comes with certain risks, and it is therefore important that each user fully understands these risks before depositing any money with this or other similar forex brokers.