What is Abyss World Asset？
Abyss World Asset is an online trading platform offering access to various financial markets, including Forex, Cryptocurrency, Commodities, Stocks, and Indices. The platform provides multiple account types with different minimum deposit requirements to cater to traders with varying levels of experience and investment preferences.
Despite offering a wide range of trading instruments and account options, Abyss World Asset lacks valid regulation, which may raise concerns about its safety and legitimacy. The platform facilitates deposits and withdrawals through various convenient methods, and it offers demo accounts for clients to practice trading strategies without risking real funds.
Pros & Cons
Pros:
Diverse Market Instruments: Abyss World Asset offers a wide range of trading instruments across various asset classes, including Forex, Cryptocurrency, Commodities, Stocks, and Indices.
Multiple Account Types: The platform offers diverse account types, including the Standard, Professional, Premium, PRO, and VIP Account, catering to various trading needs and experience levels.
Multiple Customer Support Channels: Comprehensive and accessible customer support network via phone, email, and contact form, ensuring assistance and guidance for clients as needed.
Multiple Payment Methods: Facilitates deposits and withdrawals through a variety of convenient methods, including Visa, MasterCard, Bank Transfer, M-pesa, and PayPal.
Cons:
No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.
Is Abyss World Asset Legit or a Scam？
Abyss World Asset demonstrates its commitment to securing clients' data by utilizing sophisticated protection methods. The company employs SSL encryption technology and two-factor authentication, which are advanced means designed to guard against unauthorized access and ensure information integrity.
However, a key aspect that requires careful consideration is its current lack of valid regulation. Regulation is important as it provides a level of accountability and affirms that a company adheres to financial standards and practices. The absence of such regulatory oversight might raise concerns about the platform's credibility.
Market Instruments
Abyss World Asset offers a broad and varied repertoire of market instruments encompassing numerous categories for its investors. With over 40 pairs to choose from, clients can engage with the Foreign Exchange market dynamically. They also provide an opportunity for limitless exploration in the burgeoning cryptocurrency space. Global indices are another part of their expansive offerings, giving global market exposure across several economies.
Furthermore, Abyss World Asset provides investment opportunities in precious metals such as gold, silver, and platinum along with oil, gas, and assorted agricultural commodities. There is also a notable abundance of shares, with over 3500 options available, providing the patform's users with an expansive playground for portfolio diversification and subsequent wealth creation.
Account Types
Standard Account: This entry-level account requires a minimum deposit of $250, making it accessible to those who are just starting their trading journey or prefer to start with a smaller investment.
Professional Account: For traders seeking enhanced features and capabilities, Professional Account requires a minimum deposit of $2,500. With this account, traders can access advanced tools and analysis to refine their strategies and optimize their trading experience.
Premium Account: The Premium Account caters to traders who are committed to expanding their portfolio and maximizing their returns. With a minimum deposit requirement of $5,000, this account offers additional benefits and privileges designed to support traders in achieving their financial objectives.
PRO Account: PRO Account is tailored for experienced traders who demand the highest level of service and performance. With a minimum deposit of $15,000, this account provides access to exclusive features, personalized support, and elite trading opportunities.
VIP Account: At the pinnacle of our offering is the VIP Account, reserved for elite traders with a minimum deposit requirement of $50,000. This account delivers unparalleled benefits, including priority access to market insights, customized trading solutions, and VIP events.
How to Open an Account？
Step 1: Click the button ''Trade Now'' on the homepage.
Step 2: Follow the on-screen instructions to input your personal and contact details.
Step 3: Set a secure password for your account.
Step 4: Click on the ''Register'' option to finalize the creation of your account.
Step 5: An email will typically be sent to your registered email address to verify your account. Ensure you check your inbox and spam folders.
Step 6: Click on the link received in the verification email to activate your account.
Leverage
Abyss World Asset has an adaptive trading system that caters to the risk appetite and strategic preferences of various investors, particularly through its flexibility in leverage offerings. Traders interested in foreign exchange have the option of availing up to 1:500 leverage. As for those who prefer Contracts for Difference (CFDs), Abyss World Asset provides a lower yet substantial leverage of up to 1:30. This offers an opportune setup, enhancing the potential for superior investment outcomes while controlling the associated risk profile.
Spreads & Commissions
Abyss World Asset offers competitive and structured spreads and commissions. For forex trading, the platform distinctly keeps tight average spreads for EUR/USD – from 0.0 to 0.3 pips for the Basic CFD trading account, while a slightly higher yet reasonable 1.1 pips for the Standard CFD trading account.
The company has made additional spread information available for other forex pairs, which could be viewed in the referenced screenshot for thorough understanding.
Impressively, no commission is levied on the Standard CFD trading account, providing a cost-effective avenue for CFDs on forex. Conversely, the Basic CFD trading account incurs a commission starting from $2.80 per lot per side.
The commission rate does vary slightly depending on the account currency. Clear examples include the commission for a standard FX lot per side: £2.25, $3.50, €2.60, and CHF3.30 respectively.
Trading Platforms
Abyss World Asset takes pride in providing its customer base with their proprietary trading platform, Abyss WA. This platform showcases their commitment to offering an intuitive, accessible and efficient trading ecosystem for all user types. Designed to meet the individual needs of its diverse clientele, Abyss WA ensures an easy-to-navigate user interface coupled with robust financial tools, aligning it perfectly with both novice and seasoned traders. It incorporates cutting-edge trading technology alongside an interactive feature set, guaranteeing a smooth trading experience.
Deposits & Withdrawals
Abyss World Asset has established a well-organized and efficient deposit and withdrawal system, providing diverse payment options such as Visa, MasterCard, Bank Transfer, M-PESA, and PayPal. They ensure swift transaction processing times.
Withdrawal requests submitted before 21:00 (GMT) are processed the next day, and those received before 07:00 (AEST) are processed the same day. However, they adhere to third-party transaction regulations, whereby funds can only be returned to a bank account bearing the same name as on your Abyss World Asset's trading account.
International Telegraphic Transfer (TT) Fees incurred by their bank are passed to the client, typically around $20. Users are advised that withdrawals made via Bank Wire Transfer may take an estimated 3-5 working days to show in their account. There might be instances due to unforeseen conditions that withdrawal times could be even longer than expected.
Customer Service
At Abyss World Asset, customer service isn't simply a department, it's a significant part of their ethos. Their stellar support team comprises of specialists fluent in 16 languages, thereby ensuring that linguistic barriers do not hamper the quality of service. Ensuring round-the-clock assistance, their support is available 24/7 in English, Chinese, Thai, Vietnamese, and Swahili, seeing to it that customers' needs are met promptly at any time of the day.
This unparalleled commitment is further highlighted in the myriad of contact avenues available such as the Contact form for convenient feedback and query submissions, a dedicated phone line at +4 41212 696 139 for prompt response, as well as an email channel at support@www.abyss-world-asset.com for more detailed communication.
Moreover, the FAQ page on their website provides quick answers to common questions, ensuring users have all necessary information at their fingertips.
Education
Abyss World Asset recognizes the importance of education in enhancing trading outcomes and accordingly claims to offer several valuable educational resources. Their offering includes video tutorials, ebooks and trading courses to cater to different learning styles and experience levels. These virtual assets are aimed at empowering investors with knowledge and align with the platform's dedication towards contributing to smart and informed trading decisions.
However, you need to register an account to gain full access to these educational resources, as indicated by the login prompt when trying to access the Education page. This requirement might be seen as an effort by Abyss World Asset to offer customized learning pathways for its registered users, but it also implies a barrier to freely access these resources for non-account holders.
Conclusion
In conclusion, Abyss World Asset offers a diverse range of trading opportunities across multiple financial markets. The platform caters to traders of different experience levels through various account types with different minimum deposit requirements.
However, Abyss World Asset lacks valid regulation, which raises concerns about its safety and legitimacy. While the platform provides convenient deposit and withdrawal methods and offers demo accounts for practice, the absence of regulatory oversight may pose risks for traders. Prior to investing, individuals should perform in-depth research and proceed with caution when dealing with Abyss World Asset.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
