ABS Spreads, leverage, minimum deposit Revealed

　　Note: For some unknown reason, we cannot open ABS official site (https://www.abs-fx.com/zh-cn/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

　　Risk Warning

　　The United Kingdom FCA regulatory (license number: 595450) and the New Zealand FSPR regulatory (license number: 88181) claimed by this broker are clone and suspicious clone respectively. Also, the current data shows that this broker is using counterfeit MT4 trading software. Please be aware of the risk and the potential scam!

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

　　General Information & Regulation

　　ABS, a trading name of ABS Fintech LIMITED, is allegedly a forex broker registered in New Zealand. The broker claims to offer the state-of-the-art MetaTrader4 trading platform, however, it is counterfeit.

　　As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.

　　As for regulation, it has been verified that ABS has a Financial Conduct Authority (FCA) license and a suspicious clone Financial Service Providers Register (FSPR) license. That is why its regulatory status on WikiFX is listed as “Clone” and receives a relatively low score of 1.43/10. Please be aware of the risk.

　　Field Survey

　　The investigators went to London, UK to visit the foreign exchange dealer ABS as planned. They did not find the dealers office at the publicly displayed address, and the dealer simply registered the company at that address without real business premises. Investors are requested to choose the dealer carefully.

　　Market Instruments

　　ABS advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.

　　Trading Platform Available

　　The platform available for trading at ABS seems to be counterfeit MT4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

　　Customer Support

　　Unluckily, we didn‘t find any useful information about ABS’ customer support on the Internet. Generally, regulated brokers will reveal their telephone numbers, email or company address to let their clients get in touch with them.