What is Abra.com?
Abra.com is a US-based online broker that offers trading in forex, CFDs, and cryptocurrencies. The company is regulated by the US Commodity Futures Trading Commission (CFTC).
The broker provides two platforms for trading – the web-based platform and the mobile app. The web-based platform is user-friendly and has a simple interface. It is suitable for beginners as well as experienced traders. The mobile app is more sophisticated and has more features than the web platform.
The broker offers a wide range of tradable instruments including major, minor and exotic currency pairs, metals, energies, indices, and cryptocurrencies. The leverage offered by the broker is up to 1:500.
The minimum deposit required to open an account with the broker is $250. The deposit can be made using bank transfer, credit/debit card or e-wallet (PayPal, Skrill or Neteller).
The withdrawal process is simple and straightforward. The broker does not charge any withdrawal fees. The minimum withdrawal amount is $50. Withdrawals are processed within 24 hours on business days.
The customer support offered by the broker is excellent. The team can be contacted via live chat, email or phone 24/5 during market hours.
The Different Types of Accounts Offered by Abra.com
Abra.com is a digital asset management platform that offers a variety of account types to its clients. The different types of accounts offered by Abra.com include:
1. Individual Accounts: These accounts are designed for individual investors who want to manage their own digital assets. clients can open an individual account by signing up on the Abra website.
2. Joint Accounts: Joint accounts are perfect for couples or business partners who want to manage their digital assets together. To open a joint account, both parties will need to sign up on the Abra website and provide their personal information.
3. Custodial Accounts: Custodial accounts are designed for investors who want to have their digital assets managed by a third-party custodian. When opening a custodial account, investors will need to provide the custodian with their personal information and deposit funds into the account.
4. institutional Accounts: Institutional accounts are perfect for financial institutions or high net worth individuals who want to invest in digital assets. To open an institutional account, interested parties will need to contact Abra directly and provide their professional information.
The Various Platforms and Instruments Available on Abra.com
When it comes to digital currency trading platforms, there are a few different ways that you can go about it. Abra.com is one such platform that allows for the buying, selling, and holding of digital currencies. In this Abra.com review, we’ll take a look at the different aspects of the platform including the regulations, platforms, instruments, and user ratings.
First up, let’s take a look at the regulatory environment surrounding Abra.com. The platform is registered with the U.S. Commodity Futures Trading Commission (CFTC) as a Swap Execution Facility (SEF). This means that Abra is subject to CFTC regulations surrounding digital currencies. In addition, Abra is also registered with FinCEN as a Money Services Business (MSB).
Next, let’s take a look at the various platforms and instruments available on Abra.com. The platform offers two main types of trading: spot trading and futures trading. Spot trading allows for the buying and selling of digital currencies in real-time prices. Futures trading, on the other hand, allows for traders to speculate on the future price of digital currencies through contracts.
In terms of instrument types, Abra offers a few different options including currency pairs, commodities, indices, and stocks. For currency pairs specifically, some of the options available include BTC/USD, ETH/USD, LTC/USD, XRP/USD, and BCH/
User Ratings for Abra.com
Abra.com is a digital asset exchange platform that allows users to buy, sell, and store cryptocurrencies. The platform has been operational since 2014 and is one of the most popular exchanges in the industry with over 1 million registered users.
The user interface is clean and simple, making it easy for beginners to navigate the platform. The website is also available in multiple languages, including English, Spanish, French, and Chinese.
One of the main advantages of using Abra.com is that it offers a wide range of payment methods, including credit cards, bank transfers, and popular e-wallets such as PayPal and Skrill. Fees are also very competitive, starting at just 0.25% per trade.
Another big plus is that Abra.com supports a large number of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, Monero, and many more altcoins. This makes it one of the most versatile exchanges in terms of supported assets.
All in all, Abra.com is a reliable and user-friendly digital asset exchange that offers a great choice of assets and payment options
Pros and Cons of Abra.com
One of the most popular and well-known cryptocurrency exchanges is Abra.com. They offer a platform for buying, selling, and storing digital assets including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP, and more than 20 other cryptocurrencies. They also offer a variety of fiat currencies including USD, EUR, GBP, CAD, and AUD. In addition to their platform services, they also have a mobile app that allows users to buy, sell, and store digital assets on the go.
The Pros:
-A wide variety of digital assets and fiat currencies available
-Platform is user-friendly and easy to navigate
-Mobile app is convenient for on-the-go trading
-Offers a variety of features such as price alerts and limit orders
The Cons:
-not as many payment options as some other exchanges
-some users have reported issues with customer service
Conclusion
All in all, Abra.com is a reliable and user-friendly online broker that offers a wide range of markets and instruments. The company is heavily regulated by some of the world’s most reputable financial authorities, which instills trust in its platform. In addition, Abra.com provides negative balance protection and segregated client funds, which further enhances the safety of trading with this broker. Although the company does not offer MetaTrader 4 or 5, it has developed its own web-based platform that is packed with features and tools that meet the needs of even the most demanding traders. Overall, we would recommend Abra.com as a safe and user-friendly online broker for both new and experienced traders alike.