This honest review was written to show all traders some of the main reasons why we DO NOT RECOMMEND partnering with ABSystem if you are involved in trading and investing. After studying their official website and taking a look at all they offer, we are convinced that this broker does not deserve to be on your list.
The firm is still in its early stages or at least its website was only recently registered. However, it has a significant amount of reviews. Only one out of every hundred consumers leave a website review after having a connection with it. Having a large number of reviews might thus be regarded as questionable. We strongly recommend that you spend some time reading the reviews. Simply contact a few reviewers to see whether they are genuine or were paid to post a review. Keep reading to find out why you should keep away from this online broker!
More on ABSystem’s scam tactics
Being an unlicensed broker puts consumers at risk by disclosing not just their personal information and bank records, but also their capital. Dangerous parties can easily gain access to this information and cause major problems for users. Following an examination of their official website, it is obvious that ABSystem is not regulated by any authority. This is a huge problem that is not only highly damaging to their reputation, but it is also evident from the way they portray their product and prices. One of the primary reasons we DO NOT RECOMMEND placing your confidence in ABSystem is that an unskilled consumer might easily fall into their trap.
Unregulated brokers employ a straightforward strategy to collect people’s money and personal information. Traders are first persuaded to make a quick deposit by repeated phone calls or e-mails.
Furthermore, various seemingly extraordinary promos and offers will be made accessible in order to lure individuals to become their victims. If you make your initial deposit, you will be stuck in an unending loop that will continue to extract money from you by offering ever-increasing discounts and ridiculous advantages. ABSystem is most likely one of such brokers, which is why you should think twice before joining their platform.
ABSystem Review – only a supposed trading offer
The primary ABSystem offer is odd in that it doesn’t provide anything unique and keeps everything on a very basic and plain level. They claim to be able to advise you when it comes to trading and investing, but their costs and restrictions are never clear enough for us to trust them. The entire offer is hazy since the website blinds you with a slew of features that do not appear to have any true basis in reality and are only there to entice potential customers.
Problematic withdrawal procedure
When a trader learns that their broker is dishonest, the first thing they should do is remove their funds. Keep in mind that your money is never safe with those firms and that in most circumstances, you will never see it again. The problem is that ABSystem will continue to delay your withdrawal as much as possible in order to keep the money for a longer length of time. Six months is all it takes for them to hold it permanently since you will no longer be able to request a chargeback after that. Under no circumstances should you sign any paperwork they provide you! Do not give them written authority to do anything they want with your investment in the form of a signature!
Moreover, their supposed headquarters are in the Commonwealth of Dominica, as clearly displayed on the website. This is probably the biggest red flag that you can notice because this area is a haven for scammers. Never collaborate with an online broker that is based in those regions!
Help ruin sketchy brokers through honest reviews!
Informing others about your unpleasant experience with ABSystem can be really useful. You may do this by posting genuine feedback about your problems with this broker on various review websites and alerting other traders about what happened to you. There is also a typical strategy employed by these brokers once they have been exposed as illegal. They typically alter their websites and seek previous clients in order to persuade them to become “victims” once more. If this occurs to you, do not be afraid to expose them and make the rest of the world know who they are!
ABSystem review conclusion
Clearly, as written above, we DO NOT RECOMMEND ABSystem because it’s definitely one of those unregulated, bizarre, and potentially dangerous online trading brokers that may run away with your money never to be seen again. Be sure that you thoroughly verify every such broker that you think of contacting and that you always read honest and real reviews about them. Do not fall into the trap that so many have fallen into before you! If you’ve also had bad experiences with ABSystem, please tell us your story down below and help others avoid going through the same ordeal.
The list of our reviews you`ll find HERE.