Abshire-Smith Journal

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Abshire-Smith Profile
Year
2011
Country
UK
Branches
1
Regulation
FCA UK
Registration
FCA UK
Investor protection
Fund protection
UK Financial Services Compensation Scheme (FSCS)
Publicly traded
no
Restricted in
Not serving
х Iran, US
Broker type
STP, DMA
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
0
LPs quality
Tier-1 Banks, Non-banks, ECNs, other
LPs names
not disclosed

Abshire-Smith Accounts
STP
DMA
Minimum Deposit
1 $
1 $
Leverage
400 : 1
400 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.8 pips
0.7 pips
Commission
0 $/lotRT
18 $/lotRT
Volume
...
...
Margin Call
...
...
Stop Out
...
...
Execution
Instant
Market
Spread
fixed
floating
Scalping
yes
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, CASHU
Base currency
USD, AUD, GBP, EUR, JPY
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after ... months
Update broker

Is Abshire-Smith safe?

  • Investor protection: UK Financial Services Compensation Scheme (FSCS)
  • Regulation: FCA UK
  • Registration: FCA UK
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: ...
  • Negative Balance Protection: no

Is Abshire-Smith trusted?

  • Information transparency: high ★★★★★
  • Customer service: virtually non-existent
  • Abshire-Smith website: semi-detailed, updated ★★★
  • Abshire-Smith popularity (by visitor count): low visits ★★

How Abshire-Smith works



Abshire-Smith can provide direct market access (DMA) for Forex FX, CFDs and equities. We leverage our relationships to provide access to tier 1 liquidity and aggregation venues (ECNs).

The no dealing desk (NDD) agency execution removes the conflict of interest between the broker and the client. Our DMA offering is open for all clients.
Raw spread + commission trading accounts
Liquidity sourced from tier 1 banks, proprietary trading desks and ECNs
Scalping, high frequency and news trading accepted


ABS may execute trades through a variety of Banks, Prime Brokers, Hedge Funds, Market Makers or other clearing houses.

Please note that ABS does not trade outside of a regulated market or Multilateral Trading Facility (MTF) or deal in any OTC transaction in the EEA.

Part two: Order Execution Policy We have set out below the criteria which determines how we select the different venues on which we may execute your order and have identified those venues (which may include your dealings with us on a principal-to-principal basis) on which we will most regularly seek to execute your orders and which we believe offer the best prospects for affording you best execution.

ABS does not trade as principal.

Order aggregation will seldom occur, because of the nature of our business. When it does occur, orders will be allocated in a fair way, i.e. at a weighted average price. Allocation on partial fills will also be made on a weighted average basis. Client orders will not be aggregated with those of the firm, as the firm does not deal on a proprietary basis.


We will execute your orders in accordance with the Best Execution Policy which will be provided to you separately. We may hedge such trades either through OTC contracts or Exchange traded contracts. In all cases, those contracts will be traded against their market counterparties who in turn may trade directly against the Exchange(s).

The main Exchanges from which such prices may be quoted are: CBOT, CME, COMMEX, EUREX, EURONEXT, HFE, LIFFE, ICE, MIL, MFM, MSE, NYMEX, NYBOT, NYSE, OML, OBX, OSE, SFE & NASDAQ OMX


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