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/10

Abacus

United Kingdom|5-10 years|
Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://www.abacusfx.com/

Website

Rating Index

Contact

+44 (0)20 3950 4192
info@abacusfx.com
https://www.abacusfx.com/
154 Bishopsgate, London EC2M 4LN

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 (0)20 3950 4192

Broker Information

More

Company Name

Abacus FX Limited

Company Abbreviation

Abacus

Platform registered country and region

United Kingdom

Company website
Twitter
Linkedin

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-06-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The United KingdomFCA regulation (license number: 900797) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Abacus · WikiFX Survey
Danger A Visit to the Foreign Exchange Abacus in UK - Finding No Office
United Kingdom

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Abacus · Company Summary

Note: Regrettably, the official website of Abacus, namely http://www.Abacushn.com/, is currently experiencing funAbacusonality issues.

General Information

Aspect Information
Company Name Abacus
Registered Country/Area United Kingdom
Regulation FCA (Suspicious Clone)
Market Instruments N/A
Trading Platforms N/A
Demo Account N/A
Customer Support Phone: +44 (0)20 3950 4192, Email: info@abacusfx.com

What is Abacus?

Abacus is a broker that claims to be regulated by FCA. However, this regulation is suspected to be a clone. Their official website is inaccessible raising concerns about the reliability of their trading platform.

What is Abacus?

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
/ FCA (Suspicious Clone)
Higher risk
Inaccessible website

Pros:

N/A

Cons:

  1. FCA (Suspicious Clone): The FCA (Financial Conduct Authority) is a UK regulatory body overseeing financial markets. However, there are fake copies of FCA-regulated firms, posing as legitimate ones to trick investors.

  2. Higher Risk: Investing in suspicious FCA clones comes with a higher risk of losing money. These clones may promise big returns but are likely scams.

  3. Inaccessible Website of Abacus: An inaccessible site might mean technical issues or attempts to hide information, signaling potential fraud. Investors should be cautious and consider alternative options.

Is Abacus Safe or a Scam?

There are significant concerns regarding Abacus as a broker. The Financial Conduct Authority regulation associated with their license appears to be a suspected clone, which raises suspicions about their legitimacy. (License Type: Natural sharing; License License Number: 522157)

Additionally, the inaccessibility of their official website raises doubts about the reliability and trustworthiness of their trading platform. Therefore, investing with Abacus carries a higher level of risk due to these factors.

Is Abacus Safe or a Scam?

Customer Service

Abacus offers customer support through multiple channels, including phone and email.

Clients can reach out to their support team by dialing +44 (0)20 3950 4192 or sending an email to info@abacusfx.com. This ensures that clients have direct access to assistance and can receive prompt responses to their inquiries or concerns.

Conclusion

In summary, dealing with FCA suspicious clones and inaccessible websites poses higher risks for investors. These clones lack regulation, leading to potential financial losses.

Additionally, the inability to access a firm's website raises doubts about its legitimacy.

FAQs

Q: What are Clone Brokers?

A: Clone brokers are fake brokerage firms that pretend to be legitimate and regulated brokers. They copy the branding and details of real brokers to trick investors. However, they operate without regulation and can scam people by promising big profits or exclusive deals. It's important to research brokers carefully and verify their legitimacy before investing to avoid falling for clone broker scams.

Q: How can I contact Abacus for customer support?

A: You can reach Abacus customer support by phone at +44 (0)20 3950 4192 or via email at info@abacusfx.com for assistance with any inquiries or concerns.

User Reviews

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donkey
more than one year
The trading platform? It freezes a lot, making it tough to use. Slippage happens too often for my liking. Imagine expecting to pay a certain amount and then it ends up being more, messing with the trade plans. Their spreads were wide, particularly for the EUR/USD pair. The commissions they charge are high as well, making it difficult to profit. Getting your money out isn't quick, it takes a long time. On top of that, their trading signals are hard to understand, making trading confusing.
2023-12-04 16:29
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0
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黎奕辰
more than one year
The company's website looks like a great company, but when I looked at it carefully, I found that it was mainly descriptive text. Moreover, it does not have a reliable regulatory license. A company engaged in financial business must have a regulatory license!
2023-02-24 11:00
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0
0
FX1239803071
more than one year
Damn scammers!! If you see no comment, feel free to leave this so-called Abacus forex broker. Not a trustworthy company but an accomplished liar. Some people have been scammed!!
2023-02-14 18:02
Reply
0
0
3
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