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Abshire Smith Review
Abshire Smith still calls itself FCA regulated online, but the FCA register shows its authorisation was withdrawn back in 2021.
Min Deposit
$500
Spreads From
Not independently confirmed; the site claims fixed spreads
Max Leverage
Site claims 1:200, though this is not backed by a valid FCA authorisation today
Platforms
MetaTrader 4, VertexFX
Pros
- Was genuinely FCA authorised in the past, unlike some pure clone sites
- Lists three different trading platforms including MetaTrader 4
- Offers a Shariah compliant account option for Islamic traders
- Covers several markets including spot FX, futures, and equities
Cons
- FCA register shows its authorisation was withdrawn on 09 February 2021
- Still calls itself an FCA regulated firm despite the lapsed licence
- Website promotes payday style loans to fund risky forex trades
- WikiFX links it to a suspected clone firm and rates it high risk
- User reports allege trading platform price manipulation
Abshire Smith Global Ltd first went online in 2011 as a London based forex and CFD broker, registered in England and Wales under company number 07894030. It once held real permission from the Financial Conduct Authority under reference number 590890.
That permission is gone. The FCA register lists this firm as no longer authorised since 09 February 2021, yet the broker's own website, checked in 2026, still tells visitors it is an FCA regulated firm with FSCS protected client funds. That claim does not match the official record.
The current site also invites visitors to take out payday style loans to fund forex trades, a pattern responsible brokers avoid. Independent trackers such as WikiFX rate it high risk and link it to a suspected clone firm. Given the lapsed licence and these live warning signs, we treat Abshire Smith as a broker to avoid rather than a normal open trading option.
Min. Deposit
USD 500
Max Leverage
Site claims 1:200, though this is not backed by a valid FCA authorisation today
Spreads From
Not independently confirmed; the site claims fixed spreads
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
