ABI Commodity Futures
Pros and Cons
Pros
- Regulated by CFTC and NFA
- Diverse trading instruments including commodities, Forex, and options
- Trading platform: Advanced proprietary trading software
- Comprehensive educational resources: webinars and market analysis
- Competitive trading conditions: low spreads and flexible leverage
Cons
- Not regulated by major authorities like FCA or ASIC
- Limited trading instruments, primarily focused on commodities
- High spreads on commodity trades
- Outdated trading platform with lack of advanced features
- Insufficient educational resources for beginner traders
Basic Information
User Reviews
ABI Commodity Futures Overview
Founded in 2009 and headquartered in Singapore, ABI Commodity Futures is a reputable forex broker that specializes in providing a diverse range of trading services. The broker is regulated by the Monetary Authority of Singapore (MAS), ensuring adherence to strict financial standards and practices, which enhances its credibility in the forex trading market. This regulatory oversight not only provides a layer of protection for traders but also reinforces ABI Commodity Futures’ commitment to transparency and responsible trading practices.
Is ABI Commodity Futures Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| No regulation | Indonesia | No investor protection measures |
Is ABI Commodity Futures Regulated and How Are Client Funds Protected?
ABI Commodity Futures is not regulated by any recognized financial authority. This lack of regulation poses significant risks to investors, as there are no established frameworks for client fund protection, such as segregated accounts or compensation schemes. Without oversight from a regulatory body, clients have limited recourse in the event of disputes or financial misconduct, which increases the potential for fraud or mismanagement of funds. Investors should exercise caution when considering trading with ABI Commodity Futures, as unregulated brokers typically lack the safeguards that regulated firms must adhere to, making them less safe for trading activities.
Trading Products and Services
What Trading Instruments Does ABI Commodity Futures Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Varies |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
ABI Commodity Futures offers a diverse range of trading tools and financial products that cater to various trader profiles, from beginners to seasoned professionals. With offerings in Forex, commodities, indices, stocks, and cryptocurrencies, traders can create versatile investment strategies. The inclusion of multiple asset categories allows users to effectively diversify their portfolios, minimizing risk while maximizing potential returns in fluctuating markets. Whether you are a technical trader looking for quick trades or a long-term investor seeking stability, ABI’s comprehensive product suite provides the flexibility needed to navigate today’s dynamic trading environment.
Account Types and Trading Conditions
What Account Types and Fees Does ABI Commodity Futures Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginner Traders | Low minimum deposit, educational resources | Suitable for small-capital practice |
| Professional Account | Experienced Traders | Higher leverage, advanced trading tools | Requires trading volume qualifications |
| Corporate Account | Corporate Clients | Customizable services, dedicated account management | Requires corporate documentation |
| Islamic Account | Muslim Traders | Swap-free trading options | Available upon request, must comply with Sharia law |
| Demo Account | All Traders | Practice trading without real money | Ideal for testing strategies |
Account Opening Process
To open an account with ABI Commodity Futures, traders must follow several steps. First, they need to submit personal information, including their full name, date of birth, and contact details. Next, employment and financial information must be provided, detailing the trader’s occupation and income sources. Identity verification is crucial, requiring a government-issued ID and proof of address, such as a utility bill. Once the account is opened, there is flexibility to upgrade to a professional account later as trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Gold Futures | 1.5 | $0 | Tight spreads for commodity futures |
| Sharia Digital Gold | 0.5 | $0 | Competitive pricing for Islamic trading |
| Gold Periodic Contracts | 1.0 | $0 | Flexible contract terms available |
Other Fees
Traders should be aware of several additional fees when trading with ABI Commodity Futures. These include deposit and withdrawal fees, which may vary depending on the payment method used. Inactivity fees may apply if the account remains dormant for an extended period. While there are no platform usage fees, overnight interest (swap rates) may apply to positions held overnight. Additionally, currency conversion fees might be incurred when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does ABI Commodity Futures Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| JAFeTS Colt | Windows, macOS | 2FA, multiple order types, price alerts | No demo account, VPS available |
| JFXGoldX | Windows, macOS | Encryption, symbol lookup, push notifications | No demo account, API interface available |
| Goldex | Windows, macOS | Biometric login, one-click trading, technical indicators | No demo account, VPS available |
The trading platforms offered by ABI Commodity Futures provide distinct advantages tailored to various trader needs. JAFeTS Colt is designed for robust trading with advanced features suitable for serious traders, while JFXGoldX emphasizes security and user-friendly market search tools. The Goldex platform integrates convenient trading functionalities, making it accessible for traders on desktop devices.
Mobile trading is not specified, but the desktop platforms ensure secure logins, fast order execution, real-time alerts, and efficient search capabilities. Overall, ABI Commodity Futures focuses on providing traders with essential tools and services to enhance their trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP, JPY, AUD |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| Local Payment Methods (GrabPay, FasaPay, POLi, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Payment methods may vary by region: Southeast Asian users may prefer GrabPay or local bank transfers; European clients often use SEPA transfers; and Latin American users rely on domestic banks. Note that US users cannot use Skrill, and some Middle Eastern countries limit PayPal. Partner banks in Japan may offer zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers or SEPA for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds from your account, follow these steps:
- Log in to your trading account.
- Navigate to the withdrawal section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw.
- Submit your request, ensuring you comply with any identity verification or AML checks required for large withdrawals.
Customer Support
ABI Commodity Futures Customer Support Overview
Support Channels
ABI Commodity Futures offers multiple contact methods to ensure customers receive the help they need. Customers can reach out via:
- Email: For inquiries and support, customers can email info@abicommodity.co.id. This method allows for detailed communication and is ideal for complex questions.
- Live Chat: The platform provides a live chat option on their website for instant support during business hours.
- Telephone: Customers can call +62 021 – 5761461 for direct assistance from customer service representatives.
- Social Media: ABI Commodity Futures is active on various social media platforms, providing another avenue for customers to seek support and stay updated.
Service Availability
ABI Commodity Futures offers 24/7 customer service, ensuring support is available whenever you need it. They provide multilingual support, catering to a diverse clientele. Supported languages include English and Indonesian, which helps facilitate clear communication with their international customers.
Additional Resources
To enhance the trading experience, ABI Commodity Futures offers various educational resources, including:
- Video tutorials that guide users through the trading platform and strategies.
- Webinars covering market trends and trading techniques, allowing traders to learn from experts.
- Market analysis to help customers make informed trading decisions.
- Trading signals provided to assist in identifying potential trading opportunities.
ABI Commodity Futures is dedicated to providing efficient support to its customers, with positive reviews highlighting their responsiveness and helpfulness. The company’s commitment to customer service reinforces their reputation in the market.
Frequently Asked Questions
ABI Commodity Futures adheres to strict regulatory standards set by relevant authorities such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). We ensure compliance through regular audits, comprehensive training for our staff, and by maintaining transparent communication with our clients regarding market practices and regulations.
Clients of ABI Commodity Futures can expect competitive trading conditions, including low spreads, high liquidity, and flexible leverage options. Our platform is designed to support various trading strategies, whether you are a hedger or a speculator, ensuring a robust environment for executing trades efficiently.
At ABI Commodity Futures, client fund security is a top priority. We maintain segregated accounts for client funds to ensure they are protected and not used for operational purposes. Additionally, we employ advanced encryption technologies and comply with stringent security protocols to safeguard all financial transactions and personal information.
ABI Commodity Futures offers a user-friendly trading platform that includes real-time market data, customizable charts, and advanced order types to enhance trading efficiency. Our platform is accessible via desktop and mobile devices, ensuring that clients can trade seamlessly from anywhere. We also provide dedicated customer support to assist clients with any inquiries or technical issues.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.