Abshire-Smith

Editorial Rating:
2.67
Accept US Traders:
No

Abshire-Smith.com

As with all established Forex brokers operating out of the UK, Abshire-Smith is fully regulated by the Financial Services Authority and thus subject to a stringent set of guidelines regarding client funds.

Indeed, thanks to an additional membership with the Financial Services Compensation Scheme, Abshire-Smith is able to insure a user’s money up to a total of £50,000 in the event of the company becoming insolvent.

This ability to provide worry-free trading has allowed Abshire-Smith to develop into an international FX broker since its inception in 2011. Moreover, thanks to a multi-lingual platform that is able to service customers in English, Arabic and Chinese, Abshire-Smith is able to offer a wide range of trading opportunities, including futures, gold and FX.

Abshire-Smith.com’s Special FX:

For those looking at Abshire-Smith and asking what the standout feature is, the simple answer is Market Squawk. Designed to provide traders with live, up-to-date market information, this newswire service is available to all members of Abshire-Smith.

The online broadcast not only adds a touch of colour to a trader’s daily Forex routine but a wealth of data that can be used to help everyone refine their strategies and make a profit. Indeed, just some of the information provided by Market Squawk includes:

24 Hour market analysis in real-time.

Live coverage of significant daily events such as Central Bank news conferences.

Live updates from a series of data portals such as Non-farm Payrolls.

Insights trade flows from in-house teams of analysts who are directly connected with major financial institutions and market makers.

The Essentials:

Abshire-Smith offers four main FX accounts that are powered by MetaTrader 4 and VertexFX. Whilst MetaTrader 4 has established itself as the market leading Forex platform, Abshire-Smith has worked closely with VertexFX developers to offer an efficient, reliable and well connected route to market. Indeed, thanks to more than a decade of development Abshire-Smith is now a recognised liquidity provider on the VertexFX platform.

In addition to a choice of FX platform, Abshire-Smith has the following trading accounts:

Mini Account:
Minimum account size = $500
Minimum position size = 0.1 lot
Variable spreads typically from 1 pip on major currency pairs (minimum spreads of 0.8 pips)
Leverage = 1:200
Digits quoted after the comma = 5
Number of currency pairs available = 22

Standard Account:
Minimum account size = $1,000
Minimum position size = 0.1 lot
Variable spreads typically from 0.85 pips on major currency pairs (minimum spreads of 0.7 pips)
Leverage = 1:200
Digits quoted after the comma = 5
Number of currency pairs available = 22

VIP Account:
Minimum account size = $10,000
Minimum position size = 0.1 lot
Variable spreads typically from 0.75 pips on major currency pairs (minimum spreads of 0.6 pips)
Leverage = 1:200
Digits quoted after the comma = 5
Number of currency pairs available = 22

Mini ECN Account:
Minimum account size = $1,000
Minimum position size = 0.1 lot
Fixed spreads from 1.8 pips on major currency pairs
Leverage = 1:200
Digits quoted after the comma = 5
Margin call level = 5%
Stop-out level = 5%
Minimum distance to stop or limit orders = 15 pips
Number of currency pairs available = 22

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While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.