Is Absolute Markets scam or Legit? – ScamHelpers Investigation shows that it is a scam.
Why Absolute Markets is a scam?
Absolute Markets is based in Saint Vincent and the Grenadines in 2021. According to its website, the company was founded by three partners with a combined expertise of more than ten years. The names and portfolios, on the other hand, don’t exist. Although the broker claims to be FSA-licensed, this regulator doesn’t offer regulations for CFDs or forex.
One of the first things you should verify before joining any organization, let alone when investing money, is regulation. Regulated businesses take numerous precautions to safeguard their customers. For instance, customer and corporate funds must be kept separate. Negative balance protection is important because it makes sure you can’t lose more money than you put in.
Yet for all of these reasons, dealing with unlicensed brokers is dangerous. There are no restrictions or guidelines.
If you are scammed by Absolute Markets broker, you can file a complaint in the complaint form on top. You can also share your experience with the broker as a comment.