Beware! AB Capitals is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
AB Capitals is yet another scam broker pretending to be a reputable firm. In fact it’s the same fraudsters that we have dealt with before. They just slightly changed their name and logo but everything else remained the same – from the limited trading instruments, lackluster platform and risky leverage to the insecure trading environment and misleading claims. This broker is not only lying about being regulated but it turned out that there is a warning set against it. So if you don’t want to be left without two nickels to rub together, better read the following review and stay away from brokers like AB Capitals.
AB Capitals Regulation and safety of funds
| Guaranteed Funds | Segregated Accounts | Negative balance protection | |
| AB Capitals | ❌ | ❌ | ❌ |
| UK regulated brokers | £85 000 | Yes | Yes |
| EU regulated brokers | €20 000 | Yes | Yes |
| AU regulated brokers | No | Yes | Yes |
| US regulted brokers | Yes | Yes | No |
Without a further ado let’s see what’s wrong with this broker. As a beginning there’s no registered address or any decent contact details. In fact, most of the links on this website are either broken or dysfunctional, so we couldn’t find any useful data about this firm’s identity. This being said, AB Capitals is actually absolutely anonymous and that’s the first clear indicator that you have to keep a distance from it.
Furthermore, AB Capitals claims to be regulated by prominent financial authorities like the Financial Conduct Authority (FCA) of the UK, the Cyprus Securities and Exchange Commission (CySEC), FSCA and SCB. None of that is really true of course. As we expected, this broker is not present on the registers of these authorities so it definitely isn’t authorized to provide investment services.
On top of all that, it turned out that AB Capitals not only isn’t licensed by FCA, but actually it has been exposed by the same watchdog as an unreliable and unauthorized broker. See for yourself:
Apart from that, there are a bunch of other issues with this broker. Where to start from? Maybe the fact that after you register the website has a completely different logo – it actually belongs to another scam firm, we have written about already. Apparently the same fraudsters decided to try again and use another website in order to string along as many unwitting customers as they can. In addition, there are no legal documents here, so there’s no doubt we are dealing with an outright scam.
AB Capitals also claims to offer negative balance protection, but at this point there is hardly anybody who would believe in this. Everything posted on this page seems like a blatant lie, so stay safe and avoid trading here!
AB Capitals Trading software
| Analytical tools | Auto trading | Custom indicators | Mobile apps | |
| AB Capitals platform | ❌ | ❌ | ❌ | ❌ |
| MT4 | 30+ indicators | ✅ | ✅ | Android and iOS |
| MT5 | 50+ indicators | ✅ | ✅ | Android and iOS |
| cTrader | 40+ indicators | ✅ | ✅ | Android and iOS |
There’s little to no data about this broker’s trading platform and since all of the links don’t work properly we didn’t have the slightest idea what to expect. After we registered there were several download links for either desktop or mobile. We managed to install the software and to log in just to find it being dysfunctional. Take a look:
We don’t know the reason for this, but it certainly doesn’t seem promising. What’s more, remember that no matter what software this broker provides, investing here would be a terrible mistake. We sincerely advise you to look for a reputable broker who offers MetaTrader 4 or MetaTrader 5, as they are proven to be the best in the sector so far.
AB Capitals Trading instruments
| Currency | Stocks | Indices | Crypto | Commodities | |
| AB Capitals | ✅ | ❌ | ✅ | ❌ | ✅ |
| XM | Yes | Yes | Yes | No | Yes |
| FBS | Yes | Yes | Yes | Yes | Yes |
| FXTM | Yes | Yes | Yes | Yes | Yes |
On its website AB Capitals claims to offer only forex, metals and shares. What a shame! With such an insufficient set of assets this broker has proven itself as a total sham! You can find a variety of trading instruments with reputable brokers anyway.
AB Capitals Spreads and cost of trading
| AB Capitals | XM | FBS | FXTM | |
| Spread EURUSD | 2.6 | 0.6 | 1 | 1.1 |
| Spread GBPUSD | 2.7 | 1.3 | 1.2 | 1.4 |
| Spread USDJPY | No information | 1.3 | 1.2 | 1.4 |
AB Capitals promises the “lowest variable spreads” but no further data is presented. Would you be surprised if we tell you this is just another gimmick? Well, we weren’t shocked when we opened its platform and saw spreads from 2.6 pips for EURUSD and 2.7 pips for GBPUSD. These amounts are as far from being “attractive” as possible! They will definitely come with huge trading costs so don’t even think about investing here!
AB Capitals Maximum leverage
| Forex | Stocks | Crypto | Gold | Indices | |
| AB Capitals broker | 500:1 | ❌ | ❌ | No information | No information |
| UK regulated brokers | 30:1 | 5:1 | ❌ | 10:1 | 10:1 |
| EU regulated brokers | 30:1 | 5:1 | 2:1 | 10:1 | 10:1 |
| AU regulated brokers | 30:1 | 5:1 | 2:1 | 10:1 | 10:1 |
| US regulated brokers | 50:1 | ❌ | ❌ | ❌ | ❌ |
The maximum leverage is said to be 1:500. Again it’s too risky and doesn’t deserve your attention at all. Not to mention that the leverage is restricted to 1:30 both in the UK and Cyprus, where this broker falsely claims to be licensed. AB Capitals keeps contradicting itself again and again and every keen-eyed trader would spot the fraud!
AB Capitals Deposit and withdrawal methods
| Deposit time | Withdrawal time | Fee | |
| Wire transfer | No information | No information | No information |
| Credit cards | No information | No information | No information |
On its website AB Capitals claims that there are no deposit/withdrawal charges. Apart from that it doesn’t mention anything else on the topic. After we opened an account there seemed to be two options – Bank transfer and credit/debit cards. Take a look:
The credit/debit card option however didn’t work at all – we don’t know if this is some temporary problem or an intentional error, but it definitely doesn’t speak well about this broker.
Anyway, we strongly advise you to hold back from this shady firm. Don’t invest even a red cent here otherwise your money will be gone for good!
AB Capitals Minimum deposit
| AB Capitals | XM | FBS | FXTM | |
| Minimum deposit | Unknow | $5 | $10 | $5 |
There is no data about this broker’s minimum deposit and that’s another red light for sure. Just as you know the standard amount for the sector is around 250 USD or even less – micro accounts require around 10 USD.
AB Capitals Withdrawal requirements
| Trading volume | Fee/Tax on withdrawal | Minimum withdrawal | |
| AB Capitals | Not specified | Not specified | Not specified |
| UK regulated brokers | No | No | No |
| EU regulated brokers | No | No | No |
| AU regulated brokers | No | No | No |
| US regulated brokers | No | No | No |
As we already mentioned, most of the links on this website didn’t seem to work properly. Plus there are no legal documents either, so we have no idea what this broker’s withdrawal requirements are. Be prepared however to stumble across some quite unfair policies – from high withdrawal fees to almost impossible to achieve trading volumes. In addition, scammers often set a high minimum withdrawal amount, so there’s one more thing to watch out for.
All in all, we don’t recommend even opening an account here, let alone depositing any sum. This broker has proven itself as an absolute scam, so better avoid it by all means!
