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.
The reporting at ABT500 (abt500.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Great customer service|Economic calendar|Dividend tracking
Cons: Search feature is basic
The platform itself is okay, but the customer service at ABT500 (abt500.com) 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: Automated trading options|Easy withdrawals|API access|Fast execution
Cons: Wish they had more educational resources|Limited demo account features
The mobile app from ABT500 (abt500.com) 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: Great customer service|Clear documentation|Professional team|Multiple order types
Cons: No dark mode on mobile|Spreads widen during volatile periods
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 (abt500.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Dividend tracking|Clean UI|Social trading features|Real-time alerts
Cons: Charting tools need more indicators|Mobile app could be improved
Do not be fooled by the professional-looking website. Behind the scenes, ABT500 (abt500.com) is disorganized and incompetent. I found them through my accountant's suggestion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Fast support response|Regular updates
Cons: Some tools only available on higher tiers|Onboarding videos are outdated