Abinance Complaints

Regardless of the trading conditions provided by Abinance, we do not recommend that you trade with it as it is unregulated and likely to be a scam. He can inflict huge losses on his clients and therefore, in our opinion, is a potential scammer.     

This is to prevent them from wanting to withdraw their money if they are scammers. Don’t assume that Abinance is legal just because it had a friendly chatbot that greeted you when you first visited the site, or because the broker paid you a lot of attention in the first few weeks. This does not mean that you are discouraged – in many cases, trading is safe and reliable, but only with the right broker. A good broker should not only be regulated, but also have a good reputation, excellent trading conditions, and exceptional support.    

Obviously, Abinance did not do any of the above, and could not even be regarded as a broker, but just a scam in the foreign exchange market. Abinance hides most of the trading conditions and raises suspicion.

Like most brokers in the industry, Abinance provides the popular MetaTrader 4 platform. For those traders who like to check their accounts anytime, anywhere, Abinance WebTrader software provides a convenient platform from which investors can access the market without loading memory-intensive software. The proprietary platforms of many high-quality brokers can provide an excellent trading experience. Try customer service when investigating a broker’s case, but remember that even rogue brokers will be friendly and helpful at the beginning, and then show their true colors.    

These account options may sound tempting, but trading on Abinance is nothing more than a scam. For example, many fraudulent brokers charge high withdrawal fees that not only cover service fees. Doesn’t allow you to withdraw money from your account. These are some of the warning signs of a troubled broker.    

Traders should trade with well-regulated brokers like UK or Australia brokers and reputable brokers. We advise all investors and traders to avoid Abinance and other Vanuatu brokers. We do not recommend trading with Abinance as this broker was suspected of being a scam.    

In general, the FCA advises UK investors not to invest with this broker. However, the Forex broker does not have a compulsory FCA license to do this. The Forex broker is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe.    

The problem with unregulated brokers is that they are not trustworthy and violate the rules. Some brokers who are not honest will be aggressive towards customers and encourage them to make certain transactions. According to reports, many unregulated brokers (such as Abinance) deceive people.    

With this lack of information and unregulated Abinance, funds are not safe. This is why it is important to learn more about Abinance before opening an account and sending money or submitting any documents. The above information is not enough to start trading with Abinance. Another missing feature on the Abinance support page is a list of several different Abinance employees, which many other brokers don’t do, especially the scam ones.    

When browsing Abinance, the main problem was that the broker did not provide his physical address in the contact section. On the other hand, if the broker no longer provides communication methods such as email, phone, text messaging, and chat, and has a support team that does not seem to understand the trade or is evasively asking certain questions, this could be a sign that a scam is or at least a low-quality broker. During our preliminary research on this broker, we came across a ton of Abinance reviews in which people said that customer service after the initial withdrawal was absolutely poor.    

While these platforms would be good in the hands of other brokers, Abinance makes unauthorized trades and traders have trouble withdrawing funds from Abinance. You can also use our listed Fund Recovery companies to get your money back from Abinance. If you have lost your investment in the Abinance scam, you can contact us using a chatbot.    

Some brokers may offer a wide variety of trading products, while other brokers may specialize in one area, such as foreign exchange. In our broker review, we discussed trading products such as stocks, commodities, ETFs, foreign exchange, options, CFDs, bonds, indices, and cryptocurrencies. 

Sometimes, in Forex trading scams, the fraudulent broker only offers their own platform, which may turn out to be fake. When investigating a broker case, try customer support, but keep in mind that even rogue brokers can appear friendly and helpful at first, and can later show their true colors.    

The trading platform provided by the broker should be easy to use and intuitive enough so that traders can quickly access their accounts and trade. The trading platform should be very simple and user-friendly to help users conduct daily transactions. The broker must have a modern trading platform supported by advanced analytical tools and the latest foreign exchange technology. A good broker must not only be regulated, but also have a good reputation, excellent trading conditions, and excellent support.    

Obviously, Abinance did not do any of the above, and can not even be regarded as a broker, but just a scam in the foreign exchange market. Abinance hides most of the trading conditions and raises suspicion. In summary, regardless of the trading conditions provided by Abinance, we do not recommend that you trade with it, because it is not regulated and may be a scam. He can cause huge losses to his customers, so in our opinion, he is a potential liar. 

Some brokers may provide a wide variety of trading products, while other brokers may specialize in one area, such as foreign exchange. Traders should trade with well-regulated brokers (such as the UK or Australian brokers) and reputable brokers. No matter what trading products you find in the Abinance reviews, please make sure that they have obtained permission to trade the products they offer.    

Many proprietary platforms of high-quality brokers can provide a great trading experience. Such brokers are only required to provide easy access to trading instruments, but nothing more. The problem with unregulated brokers is that they are untrustworthy and violate the rules.    

We do not recommend trading with Abinance as this broker was suspected of being a scam. In general, the FCA advises UK investors not to invest with this broker.    

The Forex broker does not have a compulsory FCA license to do this. The Forex broker is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe.    

In any case, Vanuatu is an offshore zone and we recommend that traders choose carefully the brokers they will work with. We recommend that all investors and traders avoid Abinance and other Vanuatu brokers. If you are interested in trading foreign exchange, cryptocurrency, CFDs or commodities, paying close attention to the broker you trade with can prevent broker withdrawal problems and help you avoid broker fraud.

The most common sign of a broker scam or a Forex trading scam is that the broker is either not regulated at all or has a low-quality regulatory license. Any Abinance reviews will not only answer the question of whether the broker is licensed or not but will also give some insight into the regulatory body and point out if the license is top tier or not. On the other hand, if the broker no longer provides communication methods such as email, phone, text messaging, and chat, and has a support team that does not seem to understand the trade or is evasively asking certain questions, this could be a sign that a scam is or at least a low-quality broker.    

During our preliminary research on this broker, we came across a ton of Abinance reviews in which people said that customer service after the initial withdrawal was absolutely poor. While these platforms would be good in the hands of other brokers, Abinance makes unauthorized trades and traders have trouble withdrawing funds from Abinance. These account options may sound tempting, but trading on Abinance is nothing more than a scam.    

Most brokers have accounts that differ depending on the amount of money being traded. They can also offer perks such as lower commissions or spreads for high-volume traders.    

Potential investors can also try the Abinance trading platform for free, and then make the final decision by opening a free demo account. The broker is regulated by the Vanuatu Financial Services Commission and provides investors with a comprehensive trading environment, including impressive assets, platforms, trading options, and market options, which can satisfy different types of traders from beginners to professionals. need. Like all leading brokers, Abinance provides customers with a series of account types to meet the different needs of different types of traders, from beginners to professionals.    

The broker provides you with several platforms to access and access various instruments for trading purposes. The broker login portal will give you access to all your account details, as well as other tools and resources you need to trade. 

If you find this Abinance review helpful, be sure to share it with your loved ones so they don’t fall into this type of scam. If you encounter the next one on Abinance, you are likely to be scammed or involved in a scam. Due to lack of information and unregulated Abinance, funds are not safe. According to reports, some unregulated brokers (such as Abinance) deceive people. 

For further reading, please see Abinance: news