ABC 123 review
This broker was not featured in our 2020 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.
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Putting the interests of their clients first, ABC 123 is a Forex broker that aims to provide efficient, fair and world class services to its investors, with a high level of security when it comes to customer transactions. Acting in compliance with international regulations and laws, ABC 123 is a global leader in investment and financial services, serving investors across the Middle East, Asia Pacific, North American and Europe. The benefits of choosing ABC 123 as your preferred broker are:
|Forex, Precious Metals, Energies, Indices|
- Uses the popular trading platform MT4
- Low minimum deposit of $500 for the smallest financial transactions
- Fixed spreads
- Low commissions
- Transparent fees and costs
- Over 20 types of products available for trading
- Direct access to ECN trading patterns
- Fast and effective trade executions
ABC 123’s Trading Account Features
ABC 123 only offers one type of trading account for simplicity and convenience of its clients. It is possible to open a live account very easily by simply printing off the downloadable application form from the website and sending it, when completed, along with all of the relevant supporting documentation, via fax or email to the broker. It is also possible to open a free demonstration account which allows potential clients to try out the broker’s trading platform and services without risking any of their own money and to experiment with trading strategies before committing any personal funds.
Educational Resources and Tools
ABC 123 really excels when it comes to the provision of educational resources to suit the needs of all levels of investor. From complete beginners right up to the most experienced traders, all requirements are catered for with a range of impressive tips, techniques and classes all categorised by experience level through the online ABC School. With so many articles and classroom-based resources to choose from about both Forex and gold trading, beginners are sure to find all of the necessary information that they need to gain a foothold in the markets while professionals can benefit from expert tips to hone their skills. The ABC 123 website also has a section which is dedicated to providing the latest news from the financial markets. These updates encompass all of the available instruments including Forex, energy, commodities, oil and the stock markets and help investors to inform their trading decisions.
ABC 123’s Trading Platform
ABC 123 have provided the most advanced and stable MT4 trading platform using up to the minute technology for the most stable trade execution system. This interface has many benefits including:
- A range of order execution types
- Ability to choose from many time frames
- Many technical indicators, scripts, custom indicators and line studies
- Real time online financial information
- EA automated trading accepted
- Free VPS hosting
The trading platform can also be accessed from mobile devices like smartphones and tablets, which is perfect for the increasing number of investors who want to check their assets and trade executions while out and about. The software can easily be downloaded from the broker’s website and offers convenient access to all of the platform’s main features.
ABC 123’s Banking Options
ABC 123 aims to offer convenient deposit and withdrawal services from live trading accounts, and to that end they accept unlimited withdrawals for any amount of money 24 hours a day. Withdrawals are handled through the online self-service system by simply clicking on the Withdrawal button to submit the request and withdrawn funds are sent to the customer’s individual named bank account. Requests are generally processed within one working day, with payment being received within two to three business days depending on the trader’s own bank’s procedures. When it comes to making deposits, this can be done by bank wire transfer with a minimum deposit of $2000 to fund the live account. There are no other payment options available to ABC 123 accounts and this does not compare favourably with many competitor brokers who offer a broad spectrum of banking methods to suit all kinds of investors from those who prefer the traditional credit or debit card to those who prefer to use contemporary e-Wallet methods.
What Customer Service Contact Options are Available?
ABC 123 take the needs of its international customers very seriously, and their website is available in no less than 42 different global languages, making it easy for those who do not have English as their first language. There are two telephone numbers listed on the website where traders can ask questions and raise any issues that they are experiencing. The first number is for the UK headquarters and the second is for the Hong Kong office. There are also three email addresses provided so that investors can address their questions to the best department – one for Account Support, one for Customer Support and one for Affiliate queries. Fax numbers are also provided for both the UK and Hong Kong offices. The website also features a feedback form which users can complete and send back online as well as a helpful Frequently Asked Questions section which addresses some of the most common concerns and queries raised by potential clients and reduces the need to contact the customer service centre.
They offer a good range of tradable assets and their education section is especially impressive, catering for the needs of both experienced and novice investors. There are however a few downsides. The lack of a range of account types and the relatively high minimum deposit level may deter both new and professional traders while the lack of range of deposit and withdrawal methods may also be an issue for those who would prefer the speed and convenience of the instant banking options.
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