ABX TRADE is an online trading broker claimed that the company can be operated under a trading name of ABX TRADE LLC and based in Saint Vincent & the Grenadines. The broker describes themselves as a STP (Straight-Through-Processing) and NDD (No Dealing Desk) broker, offering trading services to both regular traders and, in particular, fund managers with a track record of success.
Additionally, ABX TRADE asserts that it offers its clients a selection of tradable financial instruments with flexible leverage up to 1:500 and variable spreads starting at 0.1 pip on the sophisticated MetaTrader4 trading platform, as well as a choice of three different live account types, PAMM, copy trading service, and round-the-clock customer support. At first sight the website looks legit and reliable, but the truth is not same as they claims. Read this complete review that why we include this broker in our scam brokers 2023 list.
ABX Trade Review – How safe is to invest here?
Regarding regulation, it has been confirmed that ABX TRADE LLC is not subject to any enforceable rules. This is the reason why review website like WikiFX lists its regulatory status as “No License” and gives it a score of only 1.06/10. Please be mindful of the danger.
Trading Platform
ABX TRADE login is not user-friendly. Trading on the MT4 Desktop, MT4 Mobile, and MT4 Web Terminal platforms is possible at ABX TRADE. In any event, we advise choosing either MT4 or MT5 as your trading platform. Being the most widely used forex trading platform, traders laud MetaTraders for its dependability and stability. On this platform, there are a variety of complex trading tools, including Expert Advisors, Algo Trading, Complicated Indicators, and Strategy Testers. The Metatrader marketplace presently offers more than 10,000 trading apps that traders can utilise to enhance their efficiency. You can trade through MT4 and MT5 whenever you want from any location by using the appropriate mobile terminals, including iOS and Android devices.
ABX TRADE No Deposit Bonus And Withdrawal Methods
It appears that ABX TRADE only accepts bank transfers for deposits and withdrawals. Although it is stated that a $10 minimum initial investment is required, the minimum withdrawal amount is not specified. According to the broker, there are no costs associated with deposits or withdrawals made through the Local Bank method. Withdrawal requests typically take 1-3 working days to process.
Customer Support
Contact ABX TRADE’s customer service via phone at (360) 660-1585 or email at support@abxtrade.com. Registered address: James Street, P.O. Box 1574 Kingstown, VC0100, Saint Vincent and the Grenadines, First Floor, First St. Vincent Bank Ltd Building.
How to keep yourself safe from scam brokers?
- Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
- Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
- If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
- If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.
Is ABX Trade broker Legit or a scam: Conclusion
It is clear from the ABX Trade review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from ABX Trade and similar brokers. If you really want to trade online, find a broker who is regulated and has trusted and positive reviews.
Scammed by ABX Trade? Scam Helpers can help
If you are a victim of the ABX Trade scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
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