Score

1.15 /10
Danger

Above Investing

Suspicious Regulatory License

High potential risk

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Score

Regulatory Index0.00

Business Index4.21

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Regulatory disclosure

Danger

FR AMF
2024-04-03

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Above Investing · Company summary
Above Investing Review Summary
Registered Country/Region China
Regulation No Regulation
Market Instruments Stocks, Currency Pairs, Indices, and Commodities
Leverage Up to 1:100
Trading Platforms Above Trader
Minimum Deposit $250
Regional Restrictions Not Available for clients from the USA, USE, and China
Customer Support Email: support@aboveinvesting.pro
Contact Form

What is Above Investing?

Above Investing is an online brokerage firm available to clients worldwide, except those from the USA, USE, and China. It offers a variety of investment options, including stocks, forex, and commodities, with leverage of up to 1:100 and a minimum deposit requirement of $250.

They advertise a user-friendly platform (AboveTrader) and educational resources to help users make informed decisions. Additionally, they emphasize customer support and security measures to protect client information and funds.

However, a major cause for concern is Above Investing's lack of regulation.

Above Investing's homepage

Pros & Cons

Pros Cons
  • Wide Range of Market Instruments
  • Lack of Regulation
  • AboveTrader Platform
  • Regional Restrictions
  • Data Confidentiality

Pros:

Wide Range of Market Instruments: Above Investing offers access to stocks, currency pairs, indices, and commodities, providing traders with diverse investment opportunities.

AboveTrader Platform: The platform is designed to provide traders with everything necessary for effective trading, including charts, indicators, and analytical tools.

Data Confidentiality: The platform prioritizes the security of client accounts and funds, ensuring maximum protection and confidentiality.

Cons:

Lack of Regulation: Above Investing is not regulated, which indicates risks to the safety and security of funds for some traders.

Regional Restrictions: The platform is not available for clients from the USA, USE, and China, limiting its accessibility to traders from these regions.

Is Above Investing Legit or a Scam?

Above Investing's legitimacy is uncertain. The lack of regulation is the biggest red flag. Regulated brokers are overseen by financial authorities and offer investor protection measures. Without regulation, there's less recourse if something goes wrong with your investment.

No license

Market Instruments

Above Investing offers a variety of market instruments for traders to choose from, providing opportunities to diversify their portfolios and explore different sectors of the market.

Market Instruments

Stocks: Traders can trade stocks of various companies listed on major stock exchanges. Stock trading allows investors to take ownership of a company and potentially benefit from its performance and dividends.

Currency Pairs: Forex trading is available on Above Investing, allowing traders to speculate on the exchange rate between two currencies. Currency pairs are traded in the forex market, which is open 24 hours a day, five days a week.

Indices: Traders can also trade indices, which are measures of the performance of a group of stocks representing a particular market or sector. Indices allow traders to speculate on the overall performance of the stock market or specific sectors.

Commodities: Above Investing offers trading in commodities such as gold, silver, oil, and agricultural products. Commodities trading allows traders to speculate on the price movements of these physical goods.

Account Types

Above Investing offers three distinct account types tailored to different trading needs and experience levels. Each account type provides a unique set of features and benefits, allowing traders to choose the account that best suits their trading goals and preferences.

The Basic account requires a minimum deposit of $250 and provides a limited choice of assets. It offers expert assistance, tight spreads, and trading signals, making it suitable for beginners seeking guidance and a simplified trading experience.

The Advanced account, requiring a higher minimum deposit of $15,000, offers an expanded choice of assets and increased leverage. Traders with the Advanced account can benefit from working with analysts, access to analytical tools, and tight spreads, making it suitable for traders with some experience who are looking for more tools and opportunities for profit.

For seasoned traders or those with larger investment capital, the VIP account offers the most comprehensive features. With a minimum deposit requirement of $50,000, the VIP account provides access to all asset choices, leverage of 1:100, and a personal consultant. Traders can also benefit from tight spreads, a minimum order size of 0.1 lot, a market overview, and other materials.

Account comparison

How to Open a Above Investing Account?

To open an account with Above Investing, you can follow these steps.

Visit the Website: Go to the Above Investing website. Look for the “Sign Up” button on the website and click on it.

Fill Out the Form: Fill out the registration form with your personal information, including your first name, last name, email address, password, country, and phone number.

fill in required info

Read and Accept Terms: Read and accept the Terms and Conditions, Company Policies, Privacy Policy, and Disclaimer.

Submit Form: Click on the “Sign Up” button to submit your registration form.

Leverage

Above Investing offers different leverage levels depending on the account type. The Basic account offers a minimum leverage level, while the Advanced account offers increased leverage levels. Furthermore, the VIP account offers a leverage of up to 1:100. Leverage allows traders to control a larger position in the market with a relatively small amount of capital, essentially magnifying both potential profits and losses.

Trading Platforms

AboveTrader is a trading platform offered by Above Investing, designed to provide traders with a modern, efficient, and reliable trading experience. The platform is praised for its reliability and efficiency, with thousands of traders already using it. AboveTrader allows clients to conduct operations, analyze the market, and manage their investments from any device at any time. The web platform provides quick access to current data, enabling informed decision-making and trading without delays.

AboveTrader

Customer Service

Above Investing provides customer support through email at support@aboveinvesting.pro. Additionally, they offer a contact form on their website, allowing users to send inquiries or requests for assistance directly through the platform.

Conclusion

In conclusion, Above Investing is an online brokerage firm offering a range of investment options, including stocks, forex, and commodities. While it provides a user-friendly platform (AboveTrader), its lack of regulation is a major concern. This raises questions about the safety and security of funds. Additionally, regional restrictions limit accessibility to clients from the USA, USE, and China. Overall, a safer approach is to choose a regulated broker with lower leverage.

Frequently Asked Questions (FAQs)

Q: Is Above Investing regulated?

A: No.

Q: What is the minimum deposit required to open an account with Above Investing?

A: $250.

Q: What market instruments can I trade on Above Investing?

A: Above Investing offers a variety of market instruments, including stocks, currency pairs, indices, and commodities.

Q: What is the leverage offered by Above Investing?

A: Above Investing offers leverage of up to 1:100, depending on the account type.

Q: Are there any regional restrictions on Above Investing?

A: Yes, Above Investing is not available for clients from the USA, USE, and China due to regional restrictions.

Q: What trading platform does Above Investing offer?

A: Above Investing offers the AboveTrader platform.

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.

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