ABSOLFX-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

ABSOLFX, a trading name of Absolfx Trading LLC, is allegedly a suspicious regulated forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with numerous tradable financial instruments with leverage up to 1:500 and variable spreads from 0.5 pips on the state-of-the-art MetaTrader5 trading platform, as well as a choice of five different account types.

Market Instruments

ABSOLFX advertises that it offers a number of forex currency pairs and CFDs on cryptocurrencies, stocks, indices and precious metals.

Account Types

Apart from demo accounts, there are five live trading accounts offered by ABSOLFX, namely Micro, Premium, VIP, Exclusive, as well as an Islamic (swap-free) account. Opening a Micro or Islamic account requires the minimum initial deposit amount of $100, while the other three account types have much higher minimum initial capital requirements of $1,500, $5,000 and $10,000 respectively.

Leverage

A leverage ratio of up to 1:500 is offered by ABSOLFX, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads

ABSOLFX claims that different account types can enjoy quite different spreads. In particular, the clients on the Micro account can experience spreads from 1 pip, while the Premium, VIP and Islamic accounts with spreads as low as 0.8 pips and only the Exclusive account can enjoy the minimum spread of 0.5 pips.

Trading Platform Available

The platform available for trading at ABSOLFX is one of the worlds most trusted and popular MetaTrader5 trading platforms. Anyway, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

From the logos shown at the foot of the home page on ABSOLFXs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, Skrill, MasterCard, Neteller, crypto wallets of Bitcoin, Litecoin, Ethereum, and bank transfers, yet we cannot be sure if these payment options are all available. The minimum initial deposit requirement is said to be $100. Withdrawals can take 5 days to reach an account.

Customer Support

ABSOLFXs customer support can be reached by telephone: +64 99515876, email: support@absolfx.com. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook, Instagram and LinkedIn. Company address: First Floor, First St. Vincent Bank Ltd. Building, James Street Kingstown St. Vincent and the Grenadines.