Welcome to the tradingapps.org review of Abra. Before we jump into the review, I’d like to mention that Abra is a truly unique trading app which offers no-KYC stock trading (the only one in the world we know of). For this reason, we highly recommend Abra as a non-custodial stockbroker (you hold your own funds – not a company).
|Trading Platforms||Mobile Apps|
|Maximum Leverage||No leverage|
What is Abra?
Abra is a non-custodial global trading app which offers Crypto, Stock & ETF trading all from one mobile app. It is one of the only apps in the world to offer stock trading without any identity checks – that’s right, you don’t have to provide any ID documentation whatsoever.
- No KYC (Know Your Customer)
- 0 commissions
- No minimum deposit
- IOS & Google Play Apps
- Deposit with cryptocurrency
Trust & Safety
Is Abra safe?
Yes. Abra is a safe trading app in our opinion. It is fully non-custodial, meaning that you have control over your own funds, and for that reason, it is a safe as you are.
- Funds held by you
- Secure log in
Trading & Account
What can you trade on Abra?
Abra has one main account type which offers all of the features on the trading app.
Regular Abra Account
The regular Abra account provides you with access to all markets on the app.
- 0 commissions
- $5 minimum trades
- Fund with crypto
To open an Abra account, click here.
Abra does not offer leverage on any of the trading instruments available. Leverage is a system which allows you to trade with more than your balance. Check out our favourite leverage trading platform; Trading 212.
How to register on Abra
See the instructions below to open an account on Abra today.
- Get the app
Once you’ve downloaded the app, simply enter your details and your account will become active
- Fund account
Fund your account via the deposit methods available
- Start trading
Now you’re all set up, you can trade on the Abra app
Abra app does not offer a demo account, although it has very low minimum trades of $5, so you can get started without risking much capital
The Abra app has very low fees across the board. See the table below for more information.
|Deposit Fees||Free for crypto, 4% for debit/credit card & 0.25% for bank transfers|
|Transferring Funds to another Abra account||Free|
Deposit & Withdrawal
There are 7 main ways in which you can fund your Abra account. The method you use depends on your personal preferences and location. Below you will find a table which provides greater detail on the deposit methods available on Abra.
|Deposit Method||Fees||Amount Limits||Available|
|ACH||Free||$500 – $40,000 per day||Up to 1 business day|
|SEPA||0.25%||$1,000 – $2,000 per day||1-2 business days|
|AMEX||4%||$200 per day||Up to 1 business day|
|Visa & Mastercard||4% ($10 fee for amounts less than $200)||$50 – $20,000 per day||Instantly|
|Teller||2%||No Abra limits||Varies|
|Cryptocurrencies (BTC, LTC, BCH, or ETH)||Free||No limits||Instantly|
How to deposit on Abra
To deposit on the Abra app, go to > ‘Add Money’ (located on the bottom bar) > select your deposit method and proceed to make the deposit.
There is no minimum deposit on Abra.
Are there any deposit fees on Abra?
Due to the non-custodial nature of Abra, there are occasionally some deposit fees with the payment processors. On the other hand, it is completely free to fund your account with cryptocurrencies. For more information on the deposit methods, see the table above.
There are 2 withdrawal methods on the Abra app.
|Withdrawal Method||Abra Fee|
How to withdraw from the Abra app?
To withdraw from Abra, go to the ‘Withdraw’ section in the bottom right hand corner, select your desired withdrawal method and then proceed to make the withdrawal.
There is no minimum withdrawal on Abra as it is a non-custodial trading app.
Are there any withdrawal fees on Abra?
Abra does not charge any withdrawal fees although some bank providers may charge a small fee.
Bonuses & Promotions
Abra has a great promotion whereby you can get $25 free for depositing only $5. This is one of the easiest and most honest bonuses we have seen from a trading app. To get your free $25, simply use this link to download the app and sign up. After you’ve got that sweet bonus, check out our other great bonuses.
Abra has a brilliant support system which is expected from a trading app of this calibre. We really like the fact you can get in touch with them via social media if you need help. They also have a very comprehensive self-support helpdesk.
Abra App FAQs
Is Abra a safe wallet?
Yes. Abra is a non-custodial wallet therefore it is a safe wallet to use for cryptocurrencies.
How do I cash in Abra?
To withdraw from Abra, simply go to the ‘Withdraw’ section at the bottom bar on the app, select which method you would like to use and then proceed with your withdrawal.
How do I buy Bitcoin with Abra?
Abra allows you to buy Bitcoin directly in the app with their crypto payment partners. Just head over to the ‘Add Money’ section, select Credit/Debit card option and then purchase your desired amount of Bitcoin.
Is Abra free?
Yes. The Abra app is completely free to trade on, they charge 0 commission fees.
Is Abra secure?
Yes. Abra is a secure cryptocurrency wallet and trading app. It is non-custodial meaning that you have control over your funds, there is no need to trust a 3rd party.
Abra is primarily a mobile app, use the links below to download the mobile app.
In conclusion, Abra is a very unique trading app which provides one of the best all round trading experiences for beginner & advanced traders all over the world. We especially like how easy the app is to use and how quickly you can get started trading.