Absolute Markets Review 2024

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Written By
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Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Fact Checked By
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Fact Checked By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

1.3 / 5
Absolute Markets is #14 in our CFD broker rankings.
$50
MT4, TradingView
CFDs on forex, indices, shares, commodities, cryptocurrencies, futures
SVGFSA
USD, EUR, GBP
Perfect Money, PayRedeem, Wire Transfer, Credit Card, Debit Card, Bitcoin Payments, Visa, Mastercard

Awards

  • Fastest Growing Forex Broker
  • Best Trading Experience

Absolute Markets Review

Absolute Markets is a multi-asset trading broker. Based in Saint Vincent and the Grenadines and SVGFSA-regulated, the relatively new brokerage offers a bespoke trading platform, plus the industry-renowned MT4 terminal. Day traders can invest in 500+ instruments including forex, stocks and indices. This 2024 review will cover platform features, login security, account options, fees and more. Find out what our expert traders made of Absolute Markets.

Company Details

Absolute Markets LLC was founded in 2021 by a trio of ex-traders. The vision of the company is to make investing easy and accessible across the globe. The brand is a good option for beginner traders looking for a hassle-free and straightforward investing environment.

Absolute Markets is registered in Saint Vincent and the Grenadines and regulated by the Financial Services Authority (SVGFSA).

The broker has 5345+ active traders and offers investing services in over 170 countries.

Trading Platforms

Absolute Markets offers two trading platforms; a proprietary WebTrader and MetaTrader 4 (MT4). The bespoke web-based platform can be used directly through an internet browser. The MT4 terminal is available to download to Windows and Mac devices and is also accessible via a web-based profile.

Both platforms are suitable for beginners, though we would recommend using the demo account first to learn the features and functionality.

MetaTrader 4

Absolute Markets review
MetaTrader 4

WebTrader

Absolute Markets broker review
WebTrader

While using the proprietary trading platform, our experts found the software is easy to use, though customization and advanced trading tools are limited.

How To Place A Trade

Once you have verified your account, you can begin trading:

  1. Find an asset using the navigational search bar
  2. You can use either one-click order execution or the market watch functionality to monitor prices
  3. To open a position, complete the order form by selecting ‘buy’ or ‘sell’ and adjust the trade size
  4. Here you can add stop-loss or take-profit limits

Assets & Products

Absolute Markets offers 500+ assets:

Absolute global markets reviews

Spreads & Fees

Fees vary depending on account type and trading instrument. The Micro Account and Variable Account incur zero commissions while spreads start from 1.4 pips on the Micro Account and 1.2 pips on the Variable Account. Real-time spreads can be viewed within the broker’s trading interface.

Both ECN profiles apply a commission-based fee structure. This is $10 per round turn lot. Day traders can also expect spreads from as low as 0 pips during periods of high liquidity, similar vs Pepperstone.

Dormant accounts will be liable for a $5 monthly fee after six months of inactivity. Swap fees apply for positions held overnight.

Leverage

As an offshore organization, Absolute Markets offers substantial margin trading opportunities. The maximum leverage available across all account types is 1:1000, although this is flexible and can be reduced. Applying the highest leverage would mean a $50 deposit will provide traders with $50,000 in purchasing power.

Although trading with high leverage can increase profits, it can also increase losses. With this in mind, ensure you have appropriate risk management strategies in place.

Mobile App

Absolute Markets does not currently have a proprietary mobile app, though keep an eye out for app announcements as this may be added in the future. In the meantime, both trading terminals can be used on mobile devices. The WebTrader terminal has been developed for compatibility with smaller screens and portable devices. The MetaTrader 4 mobile application is available for free download to iOS and Android devices.

When using the Absolute Markets WebTrader interface on mobile, our experts found the platform to be stable, with fast execution speeds. The profile was intuitive and suitable for beginners. Features included one-click trading, flexible leverage, plus stop-loss and take-profit orders.

The MT4 mobile app offers day traders access to the tools, features and functionality found on the desktop terminal. You can manage your account, open and close positions, check live market pricing and view charts while on the go. Reviews on the Apple App store are also positive, rated 4.8 out of 5.

Payment Methods

Deposits

Minimum deposit requirements vary by account type, the lowest being $50. Some payment methods also have separate minimum funding amounts. For example, the minimum deposit requirement is $200 for an international bank wire transfer.

Exchange rates may apply if you are depositing in a currency other than your account base currency. Absolute Markets does not charge a deposit fee for any payment methods, although third-party charges may apply.

Accepted payment methods include:

Simply select your chosen finance method via the deposit section in your profile interface. Account verification must be completed to make a successful deposit.

Withdrawals

Withdrawal options are limited vs deposits. All transfers are processed during standard business hours, 9 AM – 6 PM (GMT +2), Monday to Friday, although the time to receive funds back to the original account will vary. Weekend dates and public holidays may cause delays.

Minimum withdrawal limits and fees apply:

Demo Account

A free Variable or ECN demo account is available to prospective Absolute Markets day traders. These are available on both MT4 and WebTrader terminals. Access up to $1,000,000 in virtual funds with flexible leverage in a simulated environment. A simple online registration form is required.

Paper trading accounts are a great way to practice strategies risk-free and learn platform features and tools.

Deals & Promotions

While using the Absolute Markets platform, we were not offered any promotions or bonus incentives. With that said, as an offshore broker, Absolute Markets will not be impacted by ESMA’s restrictions on financial incentives introduced in 2018. As a result, new investors may be offered welcome deals or no deposit bonuses during registration in the future, including a 30% bonus for new users.

Remember to check the terms and conditions of financial incentives before exploring as unrealistic minimum thresholds and requirements may apply.

Regulation & Licensing

Absolute Markets LLC is registered in St Vincent and the Grenadines. The broker is licensed and regulated by the local Financial Services Authority (SVGFSA).

Although it was good to see some retail trader safeguards, including negative balance protection, the broker is not overseen by a top-tier regulator such as the Cyprus Securities & Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC).

The broker accepts clients in 170+ countries. This includes residents of the US, UK and more.

Additional Features

We were disappointed with the lack of educational resources and content available to day trading clients. Absolute Markets does not offer trading insights, investing materials or tutorials for new or experienced traders.

Copy trading services are offered within the WebTrader platform. Traders can follow leading investors and monitor their performance in real-time. Additionally, users can create strategies and earn profits from clients that follow them.

Absolute Markets trading opportunity
Live Chat Support

Account Types

Absolute Markets offers several account types. Packages have been tailor-made to suit clients with varying portfolio types and initial investment requirements.

All accounts offer access to fast trade executions, leverage up to 1:1000, and a range of trading tools. Retail investors can open accounts in USD, EUR and GBP account denominations.

Micro Account

Variable Account

ECN Account

VIP ECN Account

A halal swap-free, Islamic profile is also available.

It is quick and easy to open a new account with Absolute Markets. To register, visit the ‘Start Trading’ link on the top right of each web page. Complete the application form and provide the relevant verification details, including financial information and previous trading experience. It can take up to 24 hours for documents to be verified.

Pros

Benefits of creating an account with Absolute Markets include:

Cons

Drawbacks of registering with Absolute Markets include:

Trading Hours

Absolute Markets trading hours will vary by instrument. The forex market is available to trade 24 hours per day between Sunday to Friday. Cryptocurrency, on the other hand, can be traded 24 hours per day, 365 days a year.

It is worth viewing the published session timetable on the broker’s terminal interface. This is particularly useful to stay up to date with upcoming market closures such as public holidays.

Customer Service

Customer contact options are limited. The broker offers an email address (info@absolutemarkets.com), an online contact form, and live chat services. Nonetheless, we were pleased with the fast response times, particularly the instant support from the live chat facility.

Customers can also request one-to-one support or phone calls with customer service agents. In addition, a comprehensive self-help FAQ section can be found on the broker’s website via the Help Center. The page is categorized into four groups; accounts, deposits & withdrawals, trading and troubleshooting.

Note, you can also stay up to date with the latest news by following Absolute Markets on social media.

Security

Our experts found limited information regarding trading security and safety. There is minimal evidence of personal data safeguarding and segregated client funds. The broker does, however, offer negative balance protection, as part of the client agreement.

Our traders did not find any evidence of additional security settings such as two-factor authentication (2FA) when using Absolute Markets software. Be cautious of scams, particularly when trading with offshore brokers.

Absolute Markets Verdict

Absolute Markets is a relatively new broker offering 500+ assets. When we used the services offered by the brokerage, we were pleased with the responsive customer support, demo account services and various account types. The major drawbacks for day traders are the lack of regulatory oversight and limited security features.

FAQs

Is Absolute Markets Regulated?

Absolute Markets broker is licensed in Saint Vincent and the Grenadines, and regulated by the Financial Services Authority (SVGFSA). This is an offshore authority, therefore it may not provide the same levels of consumer protection afforded by top-tier regulators such as the FCA.

What Trading Platforms Does Absolute Markets Offer?

Absolute Markets offers a proprietary WebTrader terminal and the MetaTrader 4 platform. Both can be used via major web browsers or on mobile devices. One-click trading, alongside a suite of technical and fundamental indicators, are available with both platforms.

What Deposit Options Does Absolute Markets Offer?

Absolute Markets details several international deposit options including Perfect Money, bank wire transfers, credit/debit cards, cryptocurrency, and PayRedeem. The minimum deposit is $200 and most payments are processed instantly.

Is Absolute Markets Broker A Scam?

After testing the services of Absolute Markets, we are comfortable that the broker is not a scam. Although regulated offshore, the brokerage provides negative balance protection and a reliable customer support service.

What Is The Minimum Deposit For An Absolute Markets Trading Account?

Absolute Markets’ minimum deposit requirements vary by account type. The lowest is $50 or equivalent currency. This makes it a good option for beginners. Note, minimum deposits also vary by payment method.

Top 3 Alternatives to Absolute Markets

Compare Absolute Markets with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  2. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

  3. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

Absolute Markets Comparison Table

Compare Absolute Markets With Similar Brokers
Absolute Markets IG World Forex Interactive Brokers
Rating 1.3 4.4 4 4.3
Markets CFDs on forex, indices, shares, commodities, cryptocurrencies, futures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Demo Account Yes Yes Yes Yes
Minimum Deposit $50 $0 $1 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots $100
Regulators SVGFSA FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB SVGFSA FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
Bonus 30% Deposit Bonus 100% Deposit Bonus
Education No Yes No Yes
Platforms MT4, TradingView Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5 Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Leverage 1:1000 1:30 (Retail), 1:250 (Pro) 1:1000 1:50
Payment Methods 8 6 10 6
Visit Visit Visit Visit Visit
Review IG
Review
World Forex
Review
Interactive Brokers
Review

Compare Trading Instruments

Compare the markets and instruments offered by Absolute Markets and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Absolute Markets Trading Instruments
Absolute Markets IG World Forex Interactive Brokers
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes No
Gold Yes Yes Yes Yes
Copper Yes Yes No No
Silver Yes Yes Yes No
Corn No No No No
Crypto Yes Yes Yes Yes
Futures Yes Yes No Yes
Options No Yes No Yes
ETFs No Yes No Yes
Bonds No Yes No Yes
Warrants No Yes No Yes
Spreadbetting No Yes No No
Volatility Index No Yes No No

Absolute Markets vs Other Brokers

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