AbacoFund
Overview of AbacoFund Company
AbacoFund provides a gateway to the world of trading for individuals at all skill levels, including novices. The company, which can be found at abacofund.com, has been engaged in trading activities for four years and is actively enhancing its proprietary trading platform.
The Abaco Fund website is available in seven languages, including Russian. The registered address of the company is 117 Flood St, Leichhardt NSW 2040. While the country of origin is not explicitly stated, indications suggest that the company may be situated in Leichhardt, Australia. The footer of the website displays the company’s licenses from Belize, the Republic of Cyprus, and Mauritius.
Trading Opportunities and Platform at AbacoFund
Within the “Markets” section, the broker presents six asset categories:
- currency pairs,
- decentralized digital currencies,
- indices,
- company stocks,
- precious metals,
- commodities, such as energy sources.
The exact number of assets is not specified, and only concise descriptions are provided for them.
Trading Accounts Offered by AbacoFund
The “Easy Start” account mandates a minimum deposit of $1,000. Abaco Fund does not offer a demo version, making this account the most accessible means to familiarize oneself with the trading platform. The leverage extends up to 1:20, with only currency pairs and stocks accessible.
The “Confident Trader” account necessitates an initial investment starting from $25,000. With a leverage of 1:50, investors can engage in PAMM accounts, trade precious metals, and cryptocurrencies not available in the “Easy Start” account.
The “Professional Investor” account stands as the most premium option with a starting threshold of $60,000. Clients are assured reduced transaction fees, access to all asset types, services of a personal manager, and the opportunity to open a personal PAMM account.
Deposits and Withdrawals at AbacoFund
Information regarding the fund withdrawal process or available payment channels is not provided on the abacofund.com website. To acquire this information, a personal consultation must be requested or an Abaco Fund personal account must be registered. The client agreement outlines the available methods for depositing and withdrawing funds, encompassing bank cards, electronic payment systems, and wallets.
Final Thoughts
AbacoFund extends its services within the trading sphere, but clients are advised to approach with caution. The company lacks sufficient transparency concerning trading conditions and fund withdrawals, and imposes a minimum deposit alongside the introduction of a distinct platform. Exploring alternative trading avenues is recommended.
This review has been prepared by the specialists at ExpertsReview.