Absolut Ability

Overview

Absolut Ability, based in the United Kingdom, is an unregulated broker offering a diverse range of tradable assets, including CFDs, indices, commodities, shares, forex, cryptocurrencies, ETFs, and bonds. While the company provides competitive spreads and multiple trading platforms, it operates without regulatory oversight. The broker offers a tiered account system suited to traders of various experience levels and provides customer support 24/6 through email, live chat, and phone. Educational resources are not currently offered, and specific minimum deposit requirements are not specified. The maximum leverage available is 1:50, and payment methods include credit/debit cards, bank wire transfers, and Western Union.

Regulation

Absolut Ability is an unregulated broker, which means it operates in a financial environment without the oversight and regulatory safeguards typically provided by government authorities. Unregulated brokers often lack the necessary licenses and adherence to industry standards, posing potential risks to investors. Engaging with unregulated brokers can expose individuals to a higher likelihood of fraudulent activities, including scams and unauthorized trading practices. It is crucial for investors to exercise caution and conduct thorough due diligence when considering any financial transactions with such entities, as the absence of regulatory oversight can leave them vulnerable to potential financial losses and legal complications.

Pros and Cons

Absolut Ability offers traders a diverse range of market instruments, including CFDs, indices, commodities, shares, forex, cryptocurrencies, ETFs, and bonds, catering to various trading strategies. Their tiered account system accommodates traders of different experience levels and provides secure deposit methods. The efficient withdrawal process and multiple trading platforms enhance accessibility. Additionally, a dedicated customer support team is available 24/6.

However, the lack of regulatory oversight as an unregulated broker raises concerns. Absolut Ability also lacks educational resources for traders, potentially limiting opportunities for less experienced traders. Furthermore, the maximum leverage of 1:50 exposes traders to increased risk.

Market Instruments

The broker offers a variety of trading instruments to cater to a wide range of investment preferences and strategies. These market instruments include:

1. CFDs (Contracts for Difference): CFDs are financial derivatives that allow traders to speculate on the price movements of underlying assets such as stocks, commodities, indices, and forex without owning the actual assets. They provide opportunities for both long and short positions, making them a versatile instrument for traders.

2. Indices: Trading indices involves speculating on the overall performance of a basket of stocks representing a particular market or sector. Indices provide traders with exposure to broader market movements and are often used to gauge the health and sentiment of specific markets.

3. Commodities: Commodities encompass a wide range of raw materials, including precious metals (gold, silver), energy resources (oil, natural gas), agricultural products (wheat, corn), and more. Trading commodities allows investors to diversify their portfolios and hedge against inflation or supply-demand fluctuations.

4. Shares: Trading shares involves buying and selling ownership stakes in publicly traded companies. Shares represent a direct investment in a company's equity and offer potential for capital appreciation and dividends.

5. Forex (Foreign Exchange): The forex market is the world's largest financial market, where currencies are traded against each other. Traders in the forex market seek to profit from fluctuations in exchange rates, making it a popular instrument for currency trading.

6. Cryptocurrencies: Cryptocurrencies are digital or virtual currencies that use cryptography for security. They have gained popularity as speculative assets and are traded 24/7. Popular cryptocurrencies include Bitcoin, Ethereum, and Litecoin.

7. ETFs (Exchange-Traded Funds): ETFs are investment funds that hold a diversified portfolio of assets, such as stocks, bonds, or commodities. They are traded on stock exchanges like individual stocks and provide investors with exposure to various asset classes.

8. Bonds: Bonds are fixed-income securities issued by governments, corporations, or other entities. They pay periodic interest to bondholders and return the principal amount at maturity. Bonds are typically seen as lower-risk investments compared to equities.

Account Types

The broker offers a tiered system of trading accounts to cater to the varying needs and preferences of its clients, with four distinct account types: Basic, Bronze, Silver, Gold, and Platinum. These account types provide traders with a range of benefits and features, depending on their experience level and trading goals.

1. Basic Account: The Basic account serves as an entry-level option, suitable for novice traders or those looking for simplicity. It offers a 0% welcome bonus, 24/5 customer support, basic spreads, swaps, and price alerts.

2. Bronze Account: The Bronze account is designed for traders seeking a bit more sophistication. It provides a 10% welcome bonus, 24/15 customer support, improved spreads and swaps, price alerts, access to market reviews, webinars, and educational resources, as well as the assistance of an account manager (Junior).

3. Silver Account: The Silver account is ideal for intermediate traders who desire additional tools and resources. It offers a 20% welcome bonus, 24/15 customer support, silver spreads and swaps, price alerts, pro webinars, daily market reviews, analysis videos, personalized trading strategies, and access to trader tools. Additionally, traders benefit from a robot trader (Silver), capital insurance, and the guidance of a senior account manager.

4. Gold Account: The Gold account is for experienced traders looking for advanced features. It offers a 30% welcome bonus, 24/7 customer support, gold spreads, no swaps, price alerts, pro webinars, daily market reviews, analysis videos, personalized trading strategies, access to pro trader tools, robot trader (Gold), gold trading signals, cashback for every lot traded, capital insurance, and the expertise of an executive account manager.

5. Platinum Account: The Platinum account is the most exclusive option, catering to elite traders. It provides a 40% welcome bonus, 24/7 customer support, platinum spreads, no swaps, price alerts, VIP webinars, daily market reviews, analysis videos, personalized trading strategies, access to VIP trader tools, platinum trading signals, an artificial intelligence robot, cashback for every lot traded, capital insurance, and the personalized service of a VIP account manager.

Leverage

The broker provides a maximum trading leverage of 1:50 to its clients. Leverage is a financial tool that allows traders to control a larger position in the market with a relatively smaller amount of capital. In this case, with a 1:50 leverage, for every $1 of their own capital, traders can control a position worth up to $50 in the market.

While leverage can magnify potential profits, it also significantly increases the level of risk associated with trading. Higher leverage means that even small price movements can result in substantial gains or losses. Therefore, traders should exercise caution and employ risk management strategies when utilizing leverage to ensure they can manage and mitigate potential losses effectively. It's crucial for traders to fully understand the implications of leverage and use it judiciously according to their risk tolerance and trading expertise.

Trading Fees

Spreads: These are the differences between the buy and sell prices for financial instruments, and Absolut Ability aims to provide competitive spreads.

1. Deposit Fees: Absolut Ability does not charge any deposit fees, making the deposit process seamless and free.

2. Withdrawal Fees: While the first withdrawal is free for Gold and Black account members, subsequent withdrawals may incur a 3.5% service fee, with a minimum of $30 and a maximum of $3,500 per withdrawal.

3. Maintenance Fees: A $20 monthly maintenance fee (in USD, GBP, or EUR) is applied, covering all available services and features starting after the first trade.

4. Inactive Account Fees: Accounts with no trading activity for 60 days are subject to a $400 dormant account fee, deducted from the account balance monthly.

5. Profit Clearance Fees: A variable profit clearance fee applies to successful trades, ranging from $1.50 to $5.00 per trade (in USD, GBP, or EUR), depending on the profit amount.

Deposit & Withdrawal

Deposits:

Absolut Ability offers secure and convenient deposit options, including credit/debit cards (VISA, MASTERCARD, MAESTRO), bank wire transfers, and Western Union. Credit/debit card deposits are instant, while bank wire transfers take 3-5 business days, and Western Union deposits are processed within 2 business days. All deposits are handled with robust security measures, including 256-bit SSL encryption.

Withdrawals:

To withdraw funds, log in to your account, select the withdrawal option, and follow the process. Withdrawals are typically processed within 3-4 business days. Gold and Black account members enjoy their first withdrawal free, while others may incur a 3.5% service fee, with a standard fee of $30 for amounts less than $30. The maximum fee is $3,500 for a single withdrawal. Account verification is required before withdrawals can be processed, ensuring security. For assistance, the support team is available.

Trading Platforms

Absolut Ability offers a versatile range of trading platforms to suit various preferences:

1. Absolut Ability WebTrader: Trade directly from your web browser, compatible with popular options like Google Chrome, Safari, Firefox, and Microsoft Edge. No downloads are required; simply log in and start trading.

2. Absolut Ability Mobile Apps: Access the markets on the go with mobile trading apps for both iPhone and Android devices, packed with trading tools, notifications, one-click trading, and charting options. Available on the Apple App Store and Google Play.

3. Absolut Ability Tablet Apps: Optimized for iPad and Android tablet users, these apps provide one-click trading, reporting, alerts, and other trading tools. Available on the Apple App Store and Google Play, they require an Absolut Ability trading account.

Customer Support

Customer Support:

Absolut Ability prioritizes customer support with a dedicated team available 24/6 to assist traders promptly. Whether you have questions or need help, the Customer Care Team is committed to ensuring your success. Contact them via:

• Email: support@absolut-ability.com

• Live Chat: For real-time assistance.

Phone support is also available with the following numbers:

• International: +3726682422

• UK: +442080687177

• UAE: +97145734630

Specific inquiries can be directed to:

• Financial and Billing: billing@absolut-ability.com

• Marketing: marketing@absolut-ability.com

• Affiliates: affiliates@absolut-ability.com

Absolut Ability is dedicated to providing comprehensive support for a positive trading experience. Reach out whenever you need assistance or have questions.

Educational Resources

Absolut Ability does not currently provide educational resources for traders. While it offers a range of trading platforms, services, and customer support, the broker does not have specific educational materials, such as tutorials, webinars, or educational articles, aimed at assisting traders in enhancing their knowledge and skills in the financial markets. Traders looking for educational resources may need to explore external educational platforms or consider their existing knowledge and experience when trading with Absolut Ability.

Summary

Absolut Ability is an unregulated broker offering a variety of trading instruments, including CFDs, indices, commodities, shares, forex, cryptocurrencies, ETFs, and bonds. It provides traders with a tiered account system, each offering different benefits based on experience level. The broker offers a maximum leverage of 1:50, emphasizing the need for caution when using leverage. Trading fees include competitive spreads, no deposit fees, and a 3.5% service fee for withdrawals after the first free withdrawal. Absolut Ability provides multiple secure deposit methods and efficient withdrawal processes. The broker offers versatile trading platforms for web, mobile, and tablet devices. Customer support is available 24/6, with email, live chat, and phone options. However, Absolut Ability does not currently offer educational resources for traders. Traders should exercise caution due to the broker's lack of regulation.

FAQs

Q1: Is Absolut Ability a regulated broker？

A1: No, Absolut Ability is an unregulated broker, operating without government oversight.

Q2: What trading instruments are offered by Absolut Ability？

A2: Absolut Ability offers a range of instruments, including CFDs, indices, commodities, shares, forex, cryptocurrencies, ETFs, and bonds.

Q3: What is the maximum leverage provided by Absolut Ability？

A3: Absolut Ability offers a maximum trading leverage of 1:50, allowing traders to control larger positions with a smaller capital investment.

Q4: Are there any fees for deposits and withdrawals with Absolut Ability？

A4: Absolut Ability does not charge deposit fees, but withdrawals may incur a service fee, with the first withdrawal being free for Gold and Black account members.

Q5: Does Absolut Ability offer educational resources for traders？

A5: No, Absolut Ability does not currently provide educational materials or resources for traders, so traders should consider their existing knowledge and experience.