ABT500 (abt500.com) has been flagged by ASIC (Australia) for "Unlicensed". International regulator warning https://fcnb.ca/en/news-alerts/caution-abt500
Phones: +12899025960: +442038665561 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: abt500.com.
My withdrawal from ABT500 (abt500.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about five months of being strung along.
Pros: Segregated accounts|Regular updates|Responsive team|Wide product range
Cons: Minimum deposit could be lower|No dark mode on mobile
ABT500 (abt500.com) 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: Clean UI|Personal attention|Portfolio tracking tools
Cons: Minor UI glitches occasionally
I am in a dispute with ABT500 (abt500.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Full transparency|Good mobile app|Reliable uptime|Multiple order types
Cons: Email notifications too frequent|Help articles are sometimes vague
My card was charged twice by ABT500 (abt500.com) on the same day. I had to dispute it with my bank. ABT500 (abt500.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Great customer service|Comprehensive tools|Multiple order types
Cons: Slow to add new assets|No phone support on weekends
Customer support at ABT500 (abt500.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Low minimum deposit|Market news feed
Cons: Could offer more webinars
After spending for the past year and a half trying to make ABT500 (abt500.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Full transparency|Social trading features|Risk management tools|Multiple order types
Cons: Limited social trading features
I gave ABT500 (abt500.com) a fair chance. After for about eight months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Tax reports included|Full transparency|Regular platform improvements
Cons: No phone support on weekends|Live chat only during business hours
After using ABT500 (abt500.com) for close to eighteen months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Comprehensive tools|Multi-currency support
Cons: Research section could be deeper|No dark mode on mobile
After since I opened my account last year with ABT500 (abt500.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Intuitive for beginners|Wide product range|Demo account available
Cons: Wish they had more educational resources
My withdrawal request from ABT500 (abt500.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Instant funding|API access|High security standards|Helpful community forum
Cons: Limited ETF selection|Mobile app could be improved