deposit:
- $50
Trading platform:
- WebTrader
- MetaTrader4
- FSA
Summary of Absolute Markets Trading Company
Absolute Markets has become a scammer. This company has ceased to fulfill its obligations to customers and partners, and has stopped making payouts.
👎 Disadvantages of Absolute Markets:
- Bonuses are not available on cent accounts.
- The minimum deposit amount on Micro accounts is higher than that of the competitors.
- You cannot deposit and withdraw funds using popular payment systems, such as Skrill, Neteller, PayPal, etc.
Geographic Distribution of Absolute Markets Traders
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Investment Programs, Available Markets and Products of the Broker
Absolute Markets does not limit the choice of a trading strategy, which means that the clients of the broker can earn even without actively trading. This means earning passive income in the Forex market.
Investment solutions offered by Markets
Clients of the broker are offered several passive income options:
Trading signals. These are the buy and sell recommendations for a specific currency pair. The prediction is based on the Moving Average indicator. Available timeframes include 1, 5 and 15 minutes.
Copy trading on MT4. A client of Absolute Markets can register in the MQL5.community, choose a trader with successful strategy and subscribe to his/her strategy for a fee. Once that is done, the positions of the trader will be copied to the account of the investor.
Algorithmic trading. This is trading by using Expert Advisors, special software configured for certain asset price fluctuations.
PAMM accounts. A client of AbsoluteMarkets can become both an investor and a manager. PAMM manager’s transactions are copied to the accounts of connected investors, and the profit is distributed in proportion to their deposits.
The choice of available investment solutions depends on the trading platform. Specifically, the signals are provided on WebTrader, and you can also connect to a PAMM account. Algorithmic trading and copy trading are available on the MT4 platform.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Absolute Markets partnership program:
The broker offers three types of partnerships: Affiliates, Referral Partners and Introducing Brokers. Depending on the chosen program, a partner can earn $12 per each lot traded by connected traders or up to $700 for deposits made by them.
Trading Conditions for Absolute Markets Users
Absolute Markets allows you to start trading with USD 50. The broker offers dynamic leverage and over 300 instruments: Forex, CFDs, digital currencies. Professional traders can trade futures contracts. The spreads are floating, and order execution is Market. Bonus and partnership programs are available.
$50
Minimum
deposit
1:1000
Leverage
24/7
Support
| 💻 Trading platform: | WebTrader, MetaTrader 4 |
|---|---|
| 📊 Accounts: | Demo, Micro, Variable, ECN, VIP ECN, Swap Free |
| 💰 Account currency: | USD, EUR, GBP |
| 💵 Replenishment / Withdrawal: | Deposit only: Visa/MasterCard, Perfect Money, Any cryptos, Local/Instant methods for South East Asia, Africa and South America Withdrawal: International Bank Transfer, Instant Bank Transfer, Bitcoin, Ethereum, Tether, Perfect Money |
| 🚀 Minimum deposit: | 50 USD |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | from 0.0 pips on ECN, from 1.4 pips on standard accounts |
| 🔧 Instruments: | Pairs with over 50 currencies, CFDs on stocks, metals, commodities and indices, futures, cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100%/30% |
| 🏛 Liquidity provider: | N/a |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market Execution, Instant Execution |
| ⭐ Trading features: | Wide choice of investment solutions |
| 🎁 Contests and bonuses: | 30% Welcome Bonus, monthly offers, seasonal contests among clients |
Absolute Markets Commissions & Fees
| Account type | Spread (minimum value) | Withdrawal commission |
| Micro | from 0.14$ | Yes |
| Variable | from 12$ | Yes |
| ECN | from 1$ | Yes |
| VIP ECN | from 0$ | Yes |
If the position is rolled over to the next trading day, the broker charges a Swap fee.
The table below shows average trading fees of three brokers. TU experts chose well-known and trusted RoboForex and Forex4you for comparison with AbsoluteMarkets.
| Broker | Average commission | Level |
| Absolute Markets | $3.3 | Medium |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | High |
Detailed Review of Absolute Markets
The credo of Absolute Markets is to make trading financial instruments easy, affordable and instant in any part of the world. The company’s management is convinced that the broker must provide each client with first-class support, which is why the broker offers a live chat on Telegram and on the Absolute Markets website. Traders have access to margin trading, passive investing, and a wide selection of accounts and trading instruments.
Absolute Markets in figures:
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Over 163,000 opened trading accounts.
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Over 430 partners.
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Over 170 supported countries.
Absolute Markets is a broker for novice traders and experienced market players
Absolute Markets does not focus only on beginners, or only on professionals, offering beneficial conditions to traders with any level of experience. The broker’s clients can trade on standard, ECN, Micro, premium and Swap free accounts using their own money or with leverage. The list of available assets includes over 200 currency pairs, 61 cryptocurrencies, CFDs on 76 stocks, metals, commodities, indices and also futures. The company allows its clients to deposit and withdraw funds using cryptocurrencies, electronic payment systems and debit/credit cards, which helps its clients to save on banking fees.
Absolute Markets offers the MetaTrader 4 trading platform for Windows, Android and iOS. Also the broker’s proprietary platform WebTrader that operates based on TradingView and supports one-click trading is available. The platform features over 70 indicators for technical analysis, live market data and trading signals for different currency pairs.
Useful services by Absolute Markets:
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Economic calendar. The calendar features all significant financial events. It is available on WebTrader.
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Help Center. The center features useful information on how to start trading with Absolute Markets and also all available channels of communication with customer support operators.
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Live Spreads. This is a section of the website that features live spreads on currencies, indices, cryptocurrencies and commodities.
Advantages:
Signal and algorithmic trading are available.
The company offers a wide choice of Forex instruments, as well as cryptocurrencies and various types of CFDs.
Any device connected to the internet can be used to trade.
Trading accounts can be opened in one of three currencies: EUR, USD, GBP.
Customer support responds within several minutes, every day and at any time of the day.
Scalping and EAs are allowed on all account types and there is also negative balance protection.
How to Start Making Profits — Guide for Traders
In order to start trading on Forex with Absolute Markets, a trader needs to open a real account and make a deposit. The minimum amount is determined by the broker, and the maximum amount is unlimited. Absolute Markets offers standard, ECN and cent accounts with floating spreads. Commission per lot may be charged depending on the chosen account type.
In addition to trading accounts, the broker also offers a demo account. It is a type of account with a virtual deposit you can use to practice, test trading strategies, expert advisors, etc.
Absolute Markets is a broker for novice and experienced traders, who prefer trading with floating spreads.
Bonuses Paid by the Broker
Welcome Bonus
This bonus is awarded to all new clients, who opened a trading account on MT4, choose USD or EUR as their account currency and deposited at least USD 100.
Investment Education Online
Absolute Markets does not provide its own educational materials. The basics of trading with the brokerage company are provided in the Help Centre.
A demo account is the only instrument for learning trading skills.
Security (Protection for Investors)
Absolute Markets is a brand of Absolute Markets LLC. The company is registered in St. Vincent and the Grenadines and operates in compliance with the laws of this country.
The registration certificate was issued for Absolute Markets by the SVG FSA — Financial Services Authority St. Vincent and the Grenadines. However, it does not supervise the operation of brokerage companies, but only registers them. Therefore, it cannot be fully viewed as a financial regulator.
👍 Advantages
- Negative balance protection
- Clients can trade with high leverage and work with cryptocurrencies
👎 Disadvantages
- Reputable regulators are not involved in supervising the broker’s activity
- Absolute Markets is not a member of compensation funds
Withdrawal Options and Fees
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You can withdraw money from Absolute Markets using an international bank transfer, local/Instant methods and cryptocurrencies.
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The fee on withdrawals via Bitcoin – 0.5%, Tether — 0.99%, Ethereum — 1%+0.006 ETH, bank transfer – depending on the bank. Traders from Indonesia, Malaysia, Thailand, Vietnam and the Philippines can withdraw funds in their local currency without paying additional fees.
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Using an international bank transfer, Bitcoin and Tether, you can withdraw USD and EUR, Ethereum — only USD.
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The minimum withdrawal amount for international bank transfer is USD 100, all other methods – USD 25.
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Processing time: International Bank Transfer — 1-5 working days, other methods – within 24 hours.
Customer Support Service
Customer support operates 24/7. The language of communication is English.
👍 Advantages
- Quick response on live chat
- Operators are available all the time, without breaks and days off
👎 Disadvantages
- The responses are not always full and specific
- No support by phone
There are several ways to contact Absolute Markets customer support:
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Use the Live Chat button on the official website;
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Send an email;
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Fill out a form for contacting support via email (available in the Contact section);
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Write to the Telegram chat.
Broker’s clients can ask their personal manager any question (trading-related or technical) through a Personal account on the website or the trading platform.
Contacts
| Registration address | Absolute Markets LLC, Suite 305 Griffith corporate Centre, Kingstown, Saint Vincent and the Grenadines |
| Regulation |
FSA |
| Official site | https://absolutemarkets.com/ |
| Contacts |
Email:
info@absolutemarkets.com,
|
Review of the Personal Cabinet of Absolute Markets
In order to start trading with Absolute Markets, you need to register a Personal Account. Take the following steps to create it:
Go to the official website of AbsoluteMarkets and register. For this, click on Start Trading at the top of the screen:
Fill out the registration form. Provide your First Name, Last Name, Email, and your Phone. Come up with a secure password to protect your account against unauthorized access. Also enter the referral code, if you are registering upon invitation of a client of Absolute Markets.
Open a real account. Select the account type, currency and maximum leverage.
Pass verification.
Basic features of Personal Account on Absolute Markets:
1. Funding your trading account:
2. Installation of the MT4 trading platform:
1. Funding your trading account:
2. Installation of the MT4 trading platform:
Other features of Personal Account:
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Transfer of funds between active accounts of a user and sending funds to other clients of Absolute Markets.
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Registering a withdrawal request.
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Full payment history: deposits, withdrawals, transfers inside the account.
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Accessing WebTrader to trade.
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Submitting an application to participate in the partnership program.
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Viewing economic calendar, contract specifications and available bonus offers.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
Articles that may help you
FAQs
Why has Absolute Markets been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against Absolute Markets by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Absolute Markets is down, not updated or operates with clear errors and some features are not available;
• Absolute Markets has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if Absolute Markets got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why Absolute Markets got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from Absolute Markets?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if Absolute Markets is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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