Global Forex Broker Regulatory Inquiry APP


1.24 /10

Absolute Markets

Saint Vincent and the Grenadines

1-2 years

Suspicious Regulatory License

MT4/5 White Label

Regional Brokers

High potential risk

Add brokers


Quantity 9


Open Account


License Index 0.00
Business Index 4.96
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account


No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core



open now

Contact number


+61 0493 516 132

Broker Information


Company Name

Absolute Markets LLC

Company Abbreviation

Absolute Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website




Pyramid scheme complaint


Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2023-05-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Unable to withdraw

Website down and I response from customer service

Unable to withdraw funds. Website has been down for 24 hours and no response from customer service email.

2023-03-07 08:26

Scam forex broker: Unable to stop copy-trading or withdraw funds from Absolute Markets

I saw their ads and did an inquiry on FB and Telegram. I deposited $20,000 total ($10,000 in their Dailyfxpips) and ($10,000 in their Ultrafxpips). Once the trades started going, I was following the plans and noticing they were not taking profits at specific times and started messaging them about it. They kept stating to not keep checking and they know what they are doing. I did not like this, so I reached out to Absolute Markets to remove me from copy trading. They claimed that all trades need to be closed to remove my accounts and I needed to reach out to my subscriber to close trades. I kept reaching out to Dailyfxpips/Ultrafxpips to close trades and release my account. They did not comply. I told this to Absolute Markets and they keep saying the same things (Our tech team is working on it and please contact your subscriber.) I keep telling them that the subscriber is not responding and they need to take action asap. One of the accounts even got up to $35,000 in equity($25K balance) and they still did not allow me to pull anything out of the balance while trades were ongoing. Now both accounts are blown and Absolute Markets still claim they can do nothing about this situation. This lets me know that they are part of the scam and may even be the same people. I have screenshots of all activity and telegram messages. I will try to attach on here.

2022-07-01 06:24
    Absolute Markets · Company summary

    Risk Warning

    There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. You can use the leverage to your benefit or detriment. Therefore, you should consider carefully whether or not this sort of investment activity is right for you. Please note the information contained in this article is for general information purposes only.

    General Information & Regulation

    Feature Detail
    Registered Country/Region Saint Vincent and the Grenadines
    Regulation General registration
    Market Instrument Forex pairs, Cryptos, Stocks CFDs on Shares, Metals, Indices, and Energies
    Account Type Micro, Variable, ECN, and VIP ECN
    Demo Account yes
    Maximum Leverage 1:1000
    Spread Vary on the account type
    Commission Vary on the account type
    Trading Platform MT4
    Minimum Deposit $1- $200 (vary on the method)
    Deposit & Withdrawal Method credit/debit cards, cryptocurrencies, Ecobank, Bank Transfers, PayRedeem, Mobile Money, Perfect Money, and Virtual Pay

    Absolute Markets, a trading name of Absolute Markets LLC, is an online forex broker registered in Saint Vincent and the Grenadines, claiming to offer its clients access to massive financial markets through the leading MT4 trading platform. Absolute Markets offers four tiered trading accounts, with the maximum trading leverage up to 1:1000, insanely high.

    Here is the home page of this brokers official site:

    home page

    As for regulation, it has been verified that Absolute Markets holds a generally registered Financial Conduct Authority - FCA license. That is why its regulatory status on WikiFX is listed as “General Registration” and receives an average score of 6.37/10.

    General Information & Regulation

    Note: The screenshot date is January 19, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

    Financial Conduct Authority - FCA license

    Market Instruments

    Absolute Markets boasts that investors with its platform can trade on various popular and mainstream financial markets, including 200+ major and minor Forex pairs, Cryptos, Stocks CFDs on Shares, Metals, Indices, and Energies. Investors have the greater flexibility to follow market trends and diversify their investment portfolios.

    Account Types

    Apart from demo accounts, four live trading accounts are designed for both retail and professional traders, namely Micro, Variable, ECN, and VIP ECN accounts. The minimum initial deposits required by the Absolute Markets seem reasonable, and the Micro account, for example, requires only $50 to start trading, seemingly friendly to novices. The Variable account asks for a minimum deposit of $100, and the last two accounts, ECN and VIP ECN require $500 and $5,000 to start trading.

    Account Types

    Although these accounts are set with different features, they share some basic account services in common, such as Scalping /EA allowed, 7x7 online support, and more.

    Swap-free accounts are optional and the Variable, ECN and VIP ECN all come with a certain amount of bonuses.


    The maximum trading leverage offered by Absolute Markets is insanely high, reaching up to 1:1000, with leverage for cryptos trading as high as 1:100, which is much above the appropriate amount considered by most regulatory authorities. Leverage can amplify your gains as well as your losses, therefore, traders need to choose the proper amount that they feel most at ease.

    Spreads & Commissions

    Firstly, the spreads and commissions are determined by trading accounts. The more equity in your account, the more competitive spreads you can enjoy. The Micro and the Variable accounts offer a commission-free trading environment, accompanied by average spreads. The ECN and VIP ECN account offers raw spreads, as low as 0.0 pips, with commissions of $10 per round turn lot and $7 per round turn lot charged, respectively.

    Besides, you can also check out some real-time spreads listed on the homepage of Absolute Markets, with the spread on the EUR/USD pair floating around 0 pips. Please note prices are indicative and may be delayed.


    Trading Platform

    As an unregulated forex broker, Absolute Markets still offers its clients the leading MT4 trading platform, which can be accessed through Desktop, Web, and Mobile devices. MT4 offers easy-to-read, interactive charts that allow you to monitor and analyze the markets in real time. Youll also have access to more than 30 technical indicators which can help you identify market trends and signals for entry and exit points. Some features and functionalities offered by MT4 include its powerful security system and multiple-device functionality, which enable you to trade with complete confidence at your convenience.

    Deposit & Withdrawal

    The minimum deposit required to start investing varies depending on payment options, ranging from $1 to $200. Absolute Markets allows investors to deposit through credit/debit cards like Visa and MasterCard, cryptocurrencies such as Bitcoin, Ethereum and Tether, Ecobank, Bank Transfers, PayRedeem, Mobile Money, Perfect Money, and Virtual Pay. International Bank Transfer deposits may occur some fees, while other payment methods are free of charge. Processing time varies depending on different payment methods.

    Withdrawal can be made through International Bank Transfers, Load, Bitcoin, Ethereum, Tether, and Perfect Money. The withdrawal amount is typical $25, yet $1 via Perfect Money and $100 via International Bank Transfer. 1-5 days for International Bank Transfer withdrawals, while 24 hours for other withdrawals.

    If you request to withdraw your funds after no trading activity, it will charge you the equivalent amount of any banking fees incurred, or 3% of the total withdrawal amount.


    Bonuses & Fees

    Absolute Markets claims to offer a 30% Welcome Bonus for all account types except for Micro accounts.

    When an account has been deemed inactive (no trading activity) for 6 months, it will apply an inactivity fee of $/€/£5.

    Customer Support

    Absolute Markets relies heavily on its Frequently Asked Questions section and Chatbot to assist customers. The multilingual support staff is available via phone and email whenever the markets are open.

    Here are some contact details:

    Tel: (+61)0493 516 132


    A contact Form

    Online Communication

    Or you can also follow this brokerage through some popular social media platforms, such as Facebook, Instagram, Telegram, and YouTube.

    Company address: Suite 305 Griffith Corporate Centre Kingstown Saint Vincent and the Grenadines.

    Pros & Cons

    Pros Cons
    • Multiple trading assets, account types and funding options • FCA license is just generally registered
    • Demo accounts available
    • Low minimum deposit
    • MT4 supported

    Frequently Asked Questions (FAQs)

    Q 1: Is Absolute Markets regulated?
    A 1: Absolute Markets holds a generally registered Financial Conduct Authority - FCA license.
    Q 2: Does Absolute Markets offer demo accounts?
    A 2: Yes.
    Q 3: Does Absolute Markets offer the industry-standard MT4 & MT5?
    A 3: Yes. Absolute Markets supports MT4.
    Q 4: What is the minimum deposit for Absolute Markets
    A 4: The minimum initial deposit at Absolute Markets to open a Micro account is $50.
    Q 5: Is Absolute Markets a good broker for beginners?
    A 5: Yes. Absolute Markets is a good choice for beginners because it offers a wide variety of trading instruments with low trading costs on the industry-standard MT4 platform. Also, it offers a demo account that allows traders to practice trading without risking any real money.

    User Reviews

    Sort by content

    • Sort by content
    • Sort by time

    User comment



    Write a review

    scam. stole all my money
    2023-02-23 03:42
    Just got rugged on Absolute Markets. They seem to work together with scammers. With me also 100 other members got rugged but in total probably in the thousand's of users of the PAMM FX Master Gold Just don't use not regulated brokers but especially not Absolute Markets.
    2023-02-23 03:25
    more than one year
    Terrible service! When I used the copy trading service, I was unable to control my account, unable to close my trades, and my money kept losing… I asked my account manager for help, but he totally disappeared…
    2023-02-20 09:23
    more than one year
    I opened a demo account on its trading platform last week, and what impressed me most was its order execution, lightning-fast, spreads also competitive. I just fell into love this platform, and their customer support are very friendly, patient, and professional.
    2022-12-01 15:30
    more than one year
    Everything is perfect! Choosing to trade with this broker was the best decision I ever made! Thanks to their customer service who always took the time to answer my questions. They are professional and I am very happy to know them.
    2022-12-01 15:26
    Select Country/District
    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
    License or other information error corrections, please send the information