Attention! Fraud company!
Leave a request for a refund from a scammer.
“Achieve your financial ambitions with ABSystem,” is the slogan that greets us on the main page of the site of the hero of our review. This broker promises mountains of gold to its clients by offering low spreads, high leverage and a variety of trading instruments. At the same time, there are no reviews on the Web about the project. Next, we will figure out whether “ABSystem” really provides favorable conditions for earning.
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Overview of basic information
The ABSystem website says that the broker has been operating in the market for many years, therefore they provide services of the highest quality. This statement is not supported by figures, there are also no reviews on the Internet about the company.
We decided to check how long ago the office started working. The Whois service shows that the absystem.pro domain was registered on 12/14/2020. Logically, “ABSystem” threw, many years of experience is 4 months?
There are no links to pages in social networks on the site, as well as information about the creators of this “kitchen”. Scammers prefer to remain incognito in order to continue to open similar offices in the future.
In the footer of the site there is a mention that "ABSystem" belongs to Donnybrook Consulting LTD. Even the address of this offshore office is indicated.
Donnybrook Consulting LTD are scammers who created a lot of scams, such as OFXB and NeoTrade, who managed to collect a pool of negative reviews. ABSystem is another one-day office created by scammers to extort money.
The platform says that the broker is registered in Dominica. Firstly, Dominica is an offshore zone, where in order to obtain a “propiska” it is enough to pay quite a lifting amount. But the swindlers didn't bother even with this: when checking their registration on the offshore.su website, several companies with a similar name were found, but ABSystem is not among them.
Donnybrook Consulting LTD is also not registered in Dominica.
When searching on Google maps, it turned out that a three-star hotel is generally located at the specified address. ABSystem charlatans publish fake information, hoping that no one will verify it.
Phone numbers +34886080047 (Spain), +390871010003 (Italy) and +74999549615 (Russia) also do not match the registration legend in Dominica.
Legal documents ABSystem
Any decent broker places information about the license on its website, but we did not find a single mention of this document on the ABSystem site. Dominica's financial regulator, the Financial Service Unit, does not issue brokerage licenses. The false broker is not registered in the general register of financial organizations FSU.
"ABSystem" offers cooperation to traders from different countries, including Russia, Great Britain, Germany, Spain and Italy. Fraudsters, without blinking an eye, break the law: they need a license to work in all countries. Having checked the registration, he threw it in the register of the Central Bank of the Russian Federation, we found out that this sharaga does not have the right to provide services to Russians.
The same story with the licenses of the German and Italian regulators.
ABSystem also does not have the right to provide financial services to residents of Spain and the UK. Sharashkin's office did not bother to get a single permit, it works illegally, so investing money here is simply dangerous.
The “Terms and Conditions” contains items that, judging by the reviews, are typical for scammers. It says here that “ABSystem” is not responsible for the information presented on the site at all.
At this point, the scammers directly state that they can delete the user's account without any reason.
The “Risk Warning” says that even for the financial losses caused by the “ABSystem” pseudo-broker, the client is responsible.
ABSystem trading conditions
The following trading tools are available to the client:
- currency pairs;
- stock;
- indices;
- commodities.
Fraudsters showed imagination and made as many as 6 types of accounts:
Traders have access to a special ABSystem bot for automatic trading. Scammers claim that all settings are changed by the user, but in fact they tweak it themselves.
The platform says that a lot of educational materials are available in the trader's library: books, articles, courses. But there is no section with training on the site.
Divorce scheme "ABSystem"
“No hidden fees!” - this is the slogan used by scammers. However, the scheme of deception is precisely on them and is built. Once a trader decides to withdraw capital, they will be required to pay many fees, including payments for account insurance. Of course, no one warns the user about this. If the victim is too naive and does not immediately understand that the charlatans of ABSystem are simply extorting money, he will lose huge sums. Neither earnings nor invested funds will ever be withdrawn.
Reviews about the scam project
Despite the 4-month period of work, there are no reviews about ABSystem on the Internet. The reason for this can be two options: no one uses the services of a broker, or the scammers delete comments. We believe that scammers clean up negative reviews in the hope of pretending to be a reliable company.
Summing up the review
Trusting "ABSystem" is dangerous: the activity of this sharaga is not regulated, and the registration address is fake. Serial scammers have created another one-day office, which will cease to exist as soon as the number of negative reviews becomes critical. If you do not want to lose your money, do not cooperate with this “kitchen”!
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