Forex ABX Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

ABX Trading Conditions

Registered Region Australia

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@abx.com

Contact Number +61 7 3211 5007

Website abx.com

Balanced Review

Pros & Cons

Pros

Regulated by Australian Securities and Investments Commission (ASIC)
Diverse trading instruments including gold, silver, and platinum
Advanced trading platform: Metal Desk
Full legal title and ownership of bullion
Customer support available via multiple channels

Cons

Unregulated status raises concerns about safety and reliability
Limited range of trading instruments, focusing only on precious metals
Poor user evaluations with existing complaints about customer support
Lack of transparency in trading conditions and fee structures
Insufficient educational resources for beginner traders

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	ABX	DBG Markets	IC Markets Global	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Australia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does ABX Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners	Low minimum deposit, no commission, tight spreads	Suitable for those starting out with trading
ECN Account	Experienced Traders	Zero pip spreads, higher minimum deposit	Designed for traders seeking fast execution and lower spreads
Demo Account	All Traders	Practice without risk, familiarization with the platform	Ideal for beginners to practice trading strategies

Account Opening Process

To open an account with ABX, follow these steps: First, submit your personal information, including your full name, email address, and password. Next, you will need to provide employment and financial information as part of the registration process. Identity verification is also required, which includes submitting an ID and proof of address. Once your information is verified, you can access your account dashboard. Additionally, ABX allows for account flexibility, meaning you can upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	1.8	$0	No commission for standard accounts
Forex (Minor Pairs)	2.2	$0	Higher spreads for minor pairs
CFDs (Commodities)	Variable	$0	Depends on the asset
CFDs (Indices)	Variable	$0	Depends on the asset
Cryptocurrencies	1.0%	0.1%	Variable depending on volatility

Other Fees

ABX may impose various fees, including deposit and withdrawal fees that depend on the payment method. Inactivity fees may apply to dormant accounts. There could also be platform usage fees if applicable, along with overnight interest (swap rates) for holding positions overnight, and currency conversion fees when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

ABX User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

James T.

Sydney, Australia

★ ★ ★ ★ ★

I had a frustrating experience with ABX. Withdrawals took longer than expected, and customer support was hard to reach. I felt like my concerns were not taken seriously, which was disappointing given their reputation. I hope they improve their service in the future.

Sarah L.

Melbourne, Australia

★ ★ ★ ★ ★

I am extremely dissatisfied with ABX. I faced numerous issues with their platform, and attempts to contact customer support were met with long wait times and unhelpful responses. My experience has been very disappointing, and I would not recommend this broker.

Michael R.

Brisbane, Australia

★ ★ ★ ★ ★

ABX has a solid trading platform that I found to be very user-friendly. The Metal Desk offers great tools for trading precious metals. I appreciate the variety of instruments available, and the speed of execution is commendable. However, I wish their customer support was more responsive.

Emily S.

Perth, Australia

★ ★ ★ ★ ★

I have had a very positive experience with ABX. The platform is intuitive, and I love the access to physical precious metals. The customer service has been helpful whenever I had questions, and I feel secure knowing I have full legal title to my investments. Highly recommend for anyone serious about investing in bullion.

Australia Market