Abshire-Smith Review

Abshire-Smith is a reputable STP, DMA, and CFD broker serving clients since 2011. The broker has gained a reputation for its reliable trading services, competitive pricing, and innovative trading tools. 

Abshire-Smith was founded in London, UK, by financial market professionals who sought to provide retail traders with access to institutional-level trading services. The broker has since expanded its operations globally and serves clients from over 100 countries worldwide. 

Abshire-Smith is authorized and regulated by the UK Financial Conduct Authority (FCA). It complies with stringent regulatory requirements, ensuring that clients' funds are protected and their trades are executed fairly and transparently. In addition, the broker offers a wide range of trading assets, including forex, indices, commodities, and shares, as well as flexible leverage options, innovative trading tools, and a lucrative affiliate program. With all these features and offerings, Abshire-Smith is undoubtedly a broker worth considering for traders of all levels.

In this Abshire-Smith review, we will explore the broker's features and offerings to help you decide whether it is the right broker for you.

Supported Countries

Abshire-Smith accepts clients from various countries around the world. These include Germany, France, Spain, Italy, Australia, New Zealand, Canada, South Africa, the United States, Switzerland, Japan, China, Singapore, Malaysia, Thailand, Hong Kong, Taiwan, India, Indonesia, Philippines, Vietnam, Argentina, Brazil, Mexico, Chile, Colombia, Peru, Ecuador, Panama, Costa Rica, Venezuela, and Uruguay.

Abshire-Smith's restricted countries include Afghanistan, Cuba, Iran, Iraq, Libya, Myanmar, North Korea, Sudan, Syria, and Zimbabwe. 

The broker also supports multiple languages to cater to its diverse client base, including English, German, Spanish, French, Italian, Portuguese, Russian, Chinese, and Arabic. With this wide range of supported countries and languages.

Customer Service Rating

Abshire-Smith has received mixed customer service reviews from various sources. According to Compare Broker review, the broker has a score of 3.5 stars out of 5, indicating average customer service. However, based on the reviews on Forexsuggest, Abshire-Smith has a higher rating of 4.2 stars.

Some negative reviews have highlighted issues such as slow response times and difficulties with the verification process. However, Abshire-Smith has addressed these concerns and improved its customer service. the broker has implemented a live chat feature on its website, which allows clients to receive real-time support. 

Additionally, the broker has streamlined its verification process, making it faster and more efficient. Overall, while Abshire-Smith may have a poor customer service record, the broker is actively working to improve its services and respond to client feedback.

Abshire-Smith Trading Platforms

• MT4: MetaTrader 4 is a popular trading platform many forex traders use. It provides traders access to real-time market data, advanced charting tools, and various technical indicators. MT4 is known for its ease of use, customization options, and ability to automate trading strategies using expert advisors (EAs). The platform is available for download on desktop, web, and mobile devices, making it convenient for traders to access their accounts from anywhere.

• MT5: MetaTrader 5 is the latest version of the popular MT4 platform. It provides traders with more advanced tools and features, such as additional charting tools, more technical indicators, and the ability to trade other instruments, such as stocks and commodities. MT5 also has a built-in economic calendar, providing traders access to essential news releases that can affect market volatility.

• Mirror Trader: Mirror Trader is a social trading platform that allows traders to copy the trades of successful traders. This platform is ideal for traders new to forex trading or wanting to take a more hands-off approach. Mirror Trader provides traders access to a large community of successful traders and a range of trading strategies.

• Web Trader: Abshire-Smith's web-based trading platform provides traders with access to real-time market data, advanced charting tools, and a range of trading features. The platform is accessible from any web browser, making it convenient for traders who prefer to trade from their desktops or laptop.

• cTrader: cTrader is a popular trading platform designed for advanced traders. It provides traders with access to advanced charting tools, multiple order types, and custom indicators. cTrader also has a built-in economic calendar and other features that make it popular among forex traders.

Type of Trading Accounts on Abshire-Smith

Abshire-Smith offers three types of trading accounts to meet the needs of its clients: unlimited demo accounts, standard accounts, and STP accounts.

• Unlimited Demo Accounts: Abshire-Smith provides unlimited demo accounts for novice traders just starting. These accounts offer virtual trading with no risk and help traders gain experience in real-world trading scenarios. With this account, traders can practice and test their trading strategies before moving on to actual money trading.

• Standard Accounts: The standard account offered by Abshire-Smith is designed for traders who prefer to trade with low spreads and no commissions. This account type suits beginners and advanced traders who want to trade on the MetaTrader platforms. Standard accounts offer a maximum leverage of 1:200, and minimum trade sizes start from 0.01 lots.

• STP Accounts: The STP (Straight Through Processing) account offered by Abshire-Smith is designed for traders who require direct market access with low latency, and no requotes. This account type offers ECN (Electronic Communication Network) execution with raw spreads from tier-1 liquidity providers. STP accounts offer a maximum leverage of 1:100, and minimum trade sizes start from 0.01 lots.

Trading Denominations on Abshire-Smith

Abshire-Smith offers trading in various currency denominations, including major currencies like the US dollar (USD), Euro (EUR), British pound (GBP), and Japanese yen (JPY). 

Clients can also trade in other currencies, such as the Swiss franc, Canadian dollar, Australian dollar, and New Zealand dollar. 

Company Structure

Abshire-Smith is a UK-based STP, DMA, and CFD broker founded in 2011. The company was established to provide innovative and transparent trading services to clients worldwide. Since its inception, Abshire-Smith has grown to become a well-respected player in the online trading industry, with a strong reputation for customer service and client satisfaction.

As of 2021, Abshire-Smith has a team of over 20 employees, with headquarters in London and additional offices in Asia. The UK's Financial Conduct Authority (FCA) regulates the company, providing clients with the peace of mind that comes with trading with a reputable and well-regulated broker. Abshire-Smith is also a Financial Services Compensation Scheme (FSCS) member, further protecting clients' funds.

Abshire-Smith's company structure is focused on delivering top-quality trading services to clients. A team of experienced professionals ensures clients receive the support and resources needed to succeed in the markets. Transparency and accountability are committed. Abshire-Smith's structure is designed to provide clients with reliable and trustworthy trading partners, focusing on delivering a superior trading experience.

Abshire-Smith Licenses and Regulatory Compliance

Abshire-Smith is a regulated broker with licenses from the:

• Financial Conduct Authority (FCA);  license number 590890,  issued in 2019, and 

• Financial Services Authority (FSA); license number is 22938 IBC 2015, issued in 2015

Abshire-Smith Customer Protection

At Abshire-Smith, the safety of client's funds is paramount, and the broker ensures they are always protected. All client funds are kept in segregated accounts with reputable banks, separate from the company's operational funds, providing an extra layer of security. 

In addition, Abshire-Smith is a proud member of the Financial Services Compensation Scheme (FSCS), which offers compensation of up to £85,000 to eligible clients in the unlikely event of the broker's insolvency. Negative balance protection is also offered, meaning clients can't lose more than their account balance.

Advanced security measures are also implemented to safeguard clients' personal and financial information, including the use of SSL encryption and two-factor authentication. Customer protection is a top priority at Abshire-Smith, and the broker offers multiple features to guarantee that clients' funds and information remain secure at all times.

Trading Information

Abshire-Smith offers different trading lots depending on the account type. For the Standard account, the lot size is 1.0, and the maximum lot size is 50.0. For the STP account, the lot size is 0.01, and the maximum lot size is 50.0. This allows traders to have more flexibility in their trading and to manage their risk according to their preferred trading style. 

Additionally, Abshire-Smith will enable traders to trade fractional lots, which means that traders can trade smaller lot sizes, such as 0.1 or 0.01 lots. This is particularly beneficial for traders who want to have more control over their trades and minimize their risk. 

Tradable Instruments

• Forex: Over 60 currency pairs, including major, minor, and exotic pairs.

• Indices: Over 20 global indices, including FTSE 100, S&P 500, and NASDAQ.

• Commodities: Gold, silver, oil, and other popular commodities.

• Shares: Over 2,000 global shares from major companies such as Apple, Amazon, and Microsoft.

• Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies.

Abshire-Smith Leverage

Abshire-Smith offers flexible leverage options to its clients, allowing them to maximize their trading potential while managing their risk exposure. The maximum leverage available on Abshire-Smith varies depending on the instrument being traded, with forex pairs offering up to 1:400 leverage, indices up to 1:200, commodities up to 1:100, and shares up to 1:20. 

It's important to note that while leverage can increase potential profits, it can also amplify losses, so traders should use caution when selecting their leverage level. 

Deposits and Withdrawals

Deposits 

Abshire-Smith requires a minimum deposit of $500 to open a trading account. The broker accepts deposits in several currencies, including USD, EUR, GBP, AUD, and CHF. 

Deposits can be made through various methods, including bank wire transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. Deposits made through bank wire transfer may take 1-3 business days to reflect in the trading account, while deposits made through other methods are usually processed instantly.

Withdrawals

Withdrawals from Abshire-Smith can be made using the same deposit method. Withdrawals through bank wire transfer may take up to 5 business days to reflect in the client's account, while withdrawals made through other methods are usually processed within 24 hours. 

The broker does not charge any fees for deposits or withdrawals, but clients may be subject to fees from their payment provider or bank. Clients are required to verify their identity before making any withdrawals to comply with anti-money laundering regulations.

Abshire-Smith Trading Education and Training

Here are some key points about the trading education and training resources offered by Abshire-Smith:

• Trading guides: Abshire-Smith offers a range of trading guides that cover various topics, such as technical analysis, trading strategies, and risk management. These guides help traders of all skill levels improve their knowledge and understanding of the markets.

• Webinars: The broker regularly hosts webinars on different topics related to trading, which industry experts conduct. These webinars are free to attend and provide valuable insights into the markets, trading strategies, and other related topics.

• Video tutorials: Abshire-Smith offers a range of video tutorials that cover various aspects of trading, including platform tutorials, trading strategies, and technical analysis. These tutorials help traders learn at their own pace and improve their trading skills.

• Demo accounts: Abshire-Smith offers unlimited demo accounts, which allow traders to practice trading strategies and test the broker's trading platforms without risking real money. This is a valuable resource for traders who are new to trading or who want to test their trading strategies in a risk-free environment.

• Market analysis: Abshire-Smith provides traders with daily market analysis, which includes a technical and fundamental analysis of the markets. This helps traders stay up-to-date on market trends and make informed trading decisions.

FAQs

• Is Abshire-Smith Trading a scam?

Abshire-Smith is not a scam. It is a legitimate online brokerage firm licensed and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

• How to Open Abshire-Smith Trading Account?

To open an Abshire-Smith trading account, visit their website and click on the "Open Account" button. You will be required to fill out an online application form, provide some personal information, and choose the type of account you want to open. Once you have completed the application process, you will need to verify your identity and fund your account before you can start trading.

• Does Abshire-Smith Accept U.S. Clients?

Abshire-Smith does not accept U.S. clients. The broker is regulated by the Financial Conduct Authority (FCA) in the UK and operates in compliance with the strict regulations set by the FCA. However, due to the regulations and laws in the United States, Abshire-Smith has decided not to accept clients from the U.S.

• When can I contact the Abshire-Smith customer support team?

Abshire-Smith customer support team is available 24 hours a day, 5 days a week, from Monday to Friday. You can reach them by phone, email, or live chat. The customer support team is dedicated to providing prompt and professional assistance to clients with any inquiries or concerns they may have.

Conclusion

Abshire-Smith is a well-established STP, DMA, and CFD broker offering clients a wide range of trading instruments and platforms. 

The company's commitment to customer protection is commendable, providing several measures to ensure that clients' funds and personal information are kept safe. Abshire-Smith's dedication to providing educational resources and training to its clients is a testament to the broker's focus on enhancing its clients' trading skills and knowledge.

Abshire-Smith's years of experience in the financial markets, regulatory compliance, and commitment to customer protection and education make it a reliable choice for traders. 

While there may be some areas that the broker can improve on, such as its customer service rating, Abshire-Smith's strong emphasis on transparency, trust, and security sets it apart from other brokers. 

Whether you're a beginner or an experienced trader, Abshire-Smith's range of trading instruments, platforms, and account types cater to a wide range of trading needs and preferences.