Company Profile
Company Profile
Review 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.
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:
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.
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.
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.
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.
vedataras21
Turkey
On December 12th 2022, the ecb crpto platform became “abacus” on Jan 4th 2023, it became "m-shaern" on Mar 3rd 2023, the name of the platform, and they closed it completely on Jul 1st 2023. Unfortunately, all my money is gone. I can't reach it and we couldn't withdraw any money, they have pictures, they have fake names, they have fake names.
Exposure
FX3981968690
Hong Kong
Last December, I entered a WeChat group named” Huludao Happy Base Camp 8”, in which “General Zhao” and Ma recommended us APP of Abacus , www.basijr.com. They claimed that the platform is regulated by FCA with registration No. FSP93921 and the corresponding name is ABACUS GROUP LIMITED. Actually, it is unregulated. The customer service Li Tongtong, together with the activists in the group, gave us order recommendations. 2 weeks later, the group was dismissed inexplicably. Another group “Rich Island” was set up, but also dismissed days ago. I wasn’t aware of this scam platform since the withdrawal was available in early February. But the customer service began shirking from 27th, at which time, I felt something wrong. The login is unavailable since the morning of 29th. I have deposited 360 thousand RMB since January. During the trading, I made constant losses. The customer service has been out of contact since the morning of 27th. The gang of fraudsters might have absconded! Abacus gave no access to the fund and blocked my account maliciously, causing my huge losses. Having this exposed, I hope you take heed on those so-called future platforms. I ach for my fund!
Exposure
donkey
Malaysia
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.
Neutral
黎奕辰
Singapore
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!
Neutral