Absolute Markets Review from qocsuing's blog

Absolute Markets Review

Welcome to the world of trading, a great place to earn additional income. But beware! There are a lot of scammers out there whose only goal is to take your money and disappear. Unfortunately, this is easier than it seems. To get more news about absolute markets review, you can visit wikifx.com official website.

This Absolute Markets review is a must if you don’t want to lose your money to a scam. Read carefully and take notes.Absolute Markets broker was established in 2021 in Saint Vincent and Grenadines. On the website, you can find the information that the company was created by three partners with more than ten years of experience. On the other hand, the names and portfolios are non-existent. The website overall looks good and simple. It contains the most relevant information about the company and its services until you start digging deeper.

We’ve found no trace of this broker with FCA, ASIC, or BaFin. However, they claim to be licensed by the FSA of Saint Vincent and the Grenadines. Why is this ridiculous? This financial authority can regulate no broker since they’re not in charge of Forex, CFD, binary options, or any other trading firm.

The Absolute Market broker was established in 2021. The broker claims to be FSA-licensed, but this regulator doesn’t provide Forex or CFD regulations.
How Unsafe Is An Unlicensed Broker?
The regulation is one of the first things you should check before signing in with any company, let alone when you’re investing money. Regulated companies take many measures to protect their members. For example, the client’s money must be segregated from the company’s money. It is essential to mention negative balance protection, which means you cannot lose more money than you initially invested.
Absolute Markets reviews are mainly negative. Clients are describing their experience with the firm, including the fact that they cannot get a withdrawal. This is the main topic of the majority of comments. When you’re investing funds, everything seems right. Until the moment you want the payout. This is where the struggle begins.

MetaTrader 4 is relatively easy to use, and there are many tools and options for market analysis and risk management control. This is a good trading platform when it’s working. We’ve tried to test it out with a Demo account option, so guess what? The software couldn’t be tested. The company’s owners claim to have more than ten years of experience in the trading world. Yet the trading platform is not working, and the company is not regulated.

For all the accounts, leverage goes up to 1:1000. This extremely high leverage is insane and dangerous. Because it can lead to more significant losses, it has been restricted in many jurisdictions. If a broker is regulated, you cannot have leverage higher than 1:50. The spread starts at 2.2 pips, while the industry average is 1.5 pips.

Bonus is encouraging, but don’t fall for this. The company is offering bonuses while failing to present terms in the Terms and Conditions section. Accepting a bonus like that means you will be asked to reach an unrealistic turnover before making a withdrawal request. Please note that such promotions are banned in regulated companies.

If you already have experience with Absolute Markets and are reading this after working with them, you are probably looking for a way to recover the money you’ve lost. Being scammed is very stressful. We know it all too well. Unfortunately, these things can happen, but don’t despair. Contact us via online chat to book a free consultation and let’s recover your funds before it’s too late.