Thinking of getting into business with ABSystem? Here is what you must know about this broker. Carefully read this review to find out if absystem.pro is the trading platform you will want to trade with.
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About ABSystem Broker
ABSystem is an offshore brokerage company with a lot of promises for traders. The broker operates with address — 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica.
Also, the broker claims to offer 24/5 Customer Support, negative balance protection, personal manager, trading signals per week and minimum trade Size 0.01 lot.
There are different account types ABSystem offers. See below.
In spite the trading instruments ABSystem claims to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
absystem.pro : Reasons to Avoid This Broker
Firstly, absystem.pro is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because Commonwealth of Dominica does not regulate or monitor forex broker which gives room for scam brokers.
Secondly, we noticed absystem.pro has no demo account for traders. Because traders can’t test ABSystem on a free account, we can’t know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk, especially for a scam broker.
These are cons for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, ABSystem provides some sketchy information which seems unclear ” Withdrawals are exposed to withdrawals preparing and taking care of charges” … ” The charge guideline is accessible on ABSystem”.
Minimum Deposit
ABSystem minimum deposit according to the account type is $500.
As for the payment methods, we can make payment via Bitcoin and other cryptocurrency. However, you should not consider making any payment with this broker because it is a risk. So beware!
ABSystem Platform
ABSystem offers web based trading software and MT4.
As for the leverage, it can get up to 1: 100. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
ABSystem Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated claims are truly a red flag and must be avoided.
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Conclusion: Is absystem.pro a Reliable Broker?
absystem.pro does not seem like a reliable broker for traders even though it promises offers that look good to be true.
More so, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
Hi my name is Elizabeth, I was scammed by a Binary online website in march. I lost about $450,000 to them and they denied all my withdrawal request, and gave me all sort of filty request. It was a really hard time for me because that was all I
had and they tricked me into investing the money with a guarantee that I
will make profit from the investment. They took all my money and I did
not hear from them anymore. I was able to recover all the money I lost just last month with the help of Mr Wilfred Scott. I paid 10% of the recovered funds as his service charge after I got all my money back. I am really grateful to him because I know a lot of people here have been scammed and need help. Contact him using the email above which is [email protected]