Absolute Markets has been operating in the trading world for more than 10 years now and its main objective is to provide the best trading solutions to every customer. It was established by three partners that were united by the same ideas and experiences, and throughout these years they have served various markets including Forex, Crypto, Stocks, and so forth. This broker is accepted by more than 170 counties across the world and they cover all time zones. At first glance, you might easily get attracted to this platform, but we have to say that there are some flaws here that might not be noticeable for beginners. Therefore, we would like to describe every feature thoroughly down below to show you whether Absolute Markets is reliable or not.
Absolute Markets Company Information
Absolute Markets was established in 2012 and as we read on the website, it is owned and operated by Absolute Markets. This means that there is no other governmental organization involved here, so basically, this platform is not regulated and does not carry any kind of license. This is obviously a major downside since it is essential for every broker to include a reliable license from a top regulator in order to earn the trust of customers.
There is a huge risk of being deceived here as there is no way to open a dispute in case you encounter some kind of unlawful behavior on their end. That’s why we think that the broker is trying to entice users in order to steal their money, so we would recommend every inexperienced trader refrain from signing up on this website, or else the results might be highly disappointing.
Account Types
Absolute Markets offer four types of accounts to every user depending on their requirements. As they claim, they have taken into consideration the needs of every type of trader will it be a beginner or an experienced one. These account types include Micro, Variable, ECN, and VIP ECN. The minimum deposit required for a Micro account is 50$ which is one more dubious sign since it is a very low amount in our opinion.
It is also worth noting that the maximum leverage for every account is 1:1000 and the payment methods for each one include USD, EUR, and GBP.
One more concerning fact about this broker is that they don’t provide a possibility to open a demo account. The demo account is a very convenient resource to get familiar with every aspect of this platform and get ready for real money trading in the future. So, we think that the lack of a demo account is a pretty considerable drawback as well!
Deposits and Withdrawals
When it comes to deposits and withdrawals, the website claims that all the processes take place almost instantly and you don’t have to spend a lot of time here. There are all kinds of currencies supported on this platform including traditional fiat currencies as well as cryptos and there is no limitation on deposits.
However, what makes us doubtful regarding Absolute Markets is that the minimum possible deposits for every option are very low as they are in the range of 25-50$. If you are not experienced in this field, you should know that the majority of successful brokers include no less than 200$ as the minimum deposit. So, this fact once again makes us highly skeptical about the abilities of this broker!
What’s more, we are reading in this section that there are zero commissions when depositing which is strange because usually, top brokerage companies include some kind of commissions and fees for deposits and withdrawals. In our opinion, Absolute Market is trying to entice beginners by offering such kinds of possibilities and in reality, it is a trap where you will lose all your funds.
Trading Platforms
It comes as no surprise that Absolute Markets include Meta 4 as a trading platform since it is the most frequently-used one today. This program provides a wide range of high-class services that traders need and with the help of an easy-to-understand interface the trading process can be effortless for everyone. This platform offers Meta 4 for all kinds of devices including laptops and mobiles, but keep in mind that every device should include strong qualities to use this software.
What we can say about this fact is that if Absolute Market is a scam broker, then this is a very good resource to keep customers engaged since Meta 4 features every essential attribute for successful trading.
Partnership Program
We have to note that Absolute Markets provides a highly appealing partnership program for every customer since you have the possibility to earn up to 700USD per deposit or 12USD per lot traded. Moreover, you can take advantage of various beneficial offerings in case you become their partner and they even include an exclusive affiliate manager who will help you regarding every task related to the affiliation. Also, there are various tools intended to assist you in everything and as a result, your potential will be tremendous, as we read in this section. However, considering all the flaws that we found, it is difficult for us to believe everything that is written in this department, so we once again suggest everyone think carefully before deciding to partner with Absolute Markets.
Promotions
When it comes to promotions, you will come across a proposal stating that a 30% bonus is available for absolute trading flexibility. As they say, you will have a chance to double the margin money available for trading and as a result, you will be more successful in this process. However, there is a requirement for this bonus as you have to deposit at least 100$ to claim it. So, is it really a good idea to invest so much money on a platform that has a lot of question marks? Well, definitely not!
Customer Support
You have various ways to contact Absolute Markets and get information regarding every task. There are emails provided for different sections such as support, marketing, affiliation, and management. Also, you can write them directly on the website and they will send a response by email. The most convenient method for users might be live chat support where you can get answers directly within seconds. However, there is no phone number provided on the website which creates a lot of dubious thoughts regarding the legitimacy of the platform!
The Bottom Line
We want to conclude our article by stating that Absolute Markets is not a reliable broker and you can’t trust it by any means. The lack of license is a pretty strong argument that supports this statement and all the other flaws that we have described above should be enough proof for every reader. Hence, if you don’t want to risk your funds, you should certainly avoid signing up on this platform!
