Abshire Smith Review – Is abshire-smith.com Broker Scamming People?

Is Abshire Smith An Unregulated Broker?

Abshire-Smith Global LTD was founded in London in 2011. Everything was perfect after the company was registered with UK’s Financial Conduct Authority.

However, Abshire Smith CEO Adam Neal announced that the company would close its UK operations due to Brexit and other regulatory changes.

Neal cited complex regulatory changes between the FCA and European Securities and Markets Authority as reasons to close Abshire Smith’s UK operations.

The registrar also issued three notices to Abshire Smith for compulsory strike-off, which threatened to dissolve the company.

FCA ended the Abshire Smith regulation in 2021. The regulator’s website clearly states that the company is not authorized to provide services within the UK.

Abshire Smith, a UK-based broker, lost its FCA license in 2021. This company has a troubled corporate history. Abshire Smith defrauded traders in the UK, USA, South Africa, Turkey, and South Africa.

The company is no longer regulated, but still offers services. Abshire Smith was once a trusted broker in the UK. But now, it appears that things have changed.

Abshire Smith, a provider who is not licensed, can pose a danger to consumers. This can be seen in the complaints. It is better to only work with licensed brokers who won’t attempt to defraud.

Abshire Smith Reviews – Traders’ Experience

Abshire Smith was really up to no good. There were a few complaints about the broker. We found that traders experienced withdrawal problems and illogical losses. This is not surprising as brokers often deceive clients.

I think it is fair to warn everyone that with ActiveTrades you make a profit you will find your profits canceled and you will not be able to withdraw what you have earned…

Trustpilot user, December 29, 2022.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Kaifin, AzaForex, Menara Mas Futures.

Abshire Smith Trading Assets and Accounts

According to Abshire Smith’s website, the broker offers the following trading assets:

• Forex major pairs (55+);
• CFDs (Indices, Commodities, Metals);
• Equities;
• Futures;
• Government & public securities.

Abshire Smith provides a basic live account that costs 250 $ for each of its trading platforms, as per what we could see on the website.

The broker was required to limit leverage to 1:30 during the time it was FCA-regulated. Abshire Smith may have increased its leverage cap since the broker is no more regulated. A Shariah-compliant Islamic account is also available.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Abshire Smith: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Abshire Smith. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Abshire Smith!