ABT500 has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". ABT500 found at www.abt500.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I lost a significant amount because ABT500 did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: API access|Clean UI|Fast support response|Real-time alerts
Cons: Desktop app not available on Linux
The mobile app from ABT500 is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Automated trading options|Reliable uptime
Cons: None so far
I requested my data from ABT500 under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Professional team|Responsive team|Tax reports included|Risk management tools
Cons: Wait times can be long during peak hours|Currency conversion fee exists
After seeing ads for ABT500 online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Ontario Securities Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
After doing some research AFTER the fact (I know, I should have done this first), I discovered that ABT500 is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Blocked my account|No legitimate license|Fake returns
ABT500 offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Transparent fees|Intuitive for beginners|Dividend tracking
Cons: No fractional shares|Account statements could be more detailed
The platform itself is okay, but the customer service at ABT500 is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Market news feed|Regular updates
Cons: Limited demo account features|Could offer more webinars
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. ABT500 said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Good mobile app|Fast support response|Excellent charting|Instant funding
Cons: Search feature is basic|Mobile app could be improved