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Abstract：ABET, a Bulgaria-based brokerage firm, faces severe allegations from users for the reportedly inefficient way it handles their funds. While some alleged illegitimate account blocks by the broker, others reported fund scams and trade manipulations. These ABET reviews have raised question marks over the broker’s legitimacy.
ABET, a Bulgaria-based brokerage firm, faces severe allegations from users for the reportedly inefficient way it handles their funds. While some alleged illegitimate account blocks by the broker, others reported fund scams and trade manipulations. These ABET reviews have raised question marks over the brokers legitimacy.
ContentsOn the official website, ABET claims to offer a 30% extra trading credit on the first deposit traders make. The company offers as many as three bonuses: Referral Bonus, Trading Contests and Loyalty Program
Another striking advertisement is the low-entry option, requiring a deposit of just $10 to get started. The third thing to note is the 50+ trading instruments on offer.
ABET claims to offer trading opportunities across forex, cryptocurrencies, metals, energies, and indices.
The company offers four types of trading accounts - Micro, Raw Spread, Standard and Prime - to suit different preferences.
The table below highlights the offerings associated with each account.
| Account Type | Minimum Deposit | Maximum Leverage | Minimum Spread | Commission |
| Micro | $10 | 1:1000 | 1 Pip on All Major Pairs | Zero |
| Raw Spread | $1000 | 1:500 | 0 Pips on All Major Pairs | Applicable |
| Standard | $10 | 1:1000 | 0.5 pips on All Major Pairs | Zero |
| Prime | $10 | 1:1000 | 1 Pip on All Major Pairs | Zero |
Except for the Raw Spread account, all other accounts are designed specifically for beginners, with the minimum required deposit being as low as $10. Spreads are also low across Raw Spread and Standard accounts, and reasonable across Micro and Standard accounts. Three of the four accounts dont charge a commission. While the Raw Spread account bears a commission, there is no explicit mention of the amount.
A trader from Pakistan raised serious allegations against ABET Global, claiming that the broker blocked his trading account without providing a valid explanation and refused to return the remaining funds. According to the complaint, the trader's account showed a wallet balance of $925.56 and an account balance of $154.91, while the IB commission balance was $0.00.
The complainant stated that despite contacting customer support multiple times, the broker allegedly justified the account restriction by citing “system abuse” without offering sufficient evidence or a clear explanation. The trader further alleged that withdrawal requests have not been processed and that customer support has failed to resolve the issue.
The complaint accused ABET Global of blocking accounts without adequate justification, refusing withdrawals, and providing unsatisfactory customer support. The trader requested the immediate release of the remaining funds and warned other traders to exercise caution.
Here is the full ABET review.
A user from Pakistan accused the broker of applying stop-loss every time news comes instead of the take profit order applied by other brokerages at that time. The trader, despite reportedly sharing the proof of other brokers tendency to successfully execute take profit, failed to gain any positive reaction from the support team. Disappointed by this, the user reportedly withdrew all of his funds from the ABET login dashboard. Check this review for more details.
A Portugal-based trader admitted to having fallen for the fake ABET reviews by depositing funds on the platform. However, as the time to receive returns arrived, the user was told to pay more than half of his total investment. Following this, the client reportedly contacted his bank to help facilitate his refund. Check out the complaint below.
A Pakistani trader reported an alleged fund loss worth $132 on the brokers platform through this negative review of ABET.
ABET‘s current regulation status paints a dark picture. Yes, the WikiFX team’s in-depth investigation found no license for the brokerage firm. This, combined with disturbing complaints, led to a score of just 2 out of 10 for ABET.
The allegations raised by multiple users present concerns that prospective traders may wish to consider before opening an account with ABET. Complaints referenced in this review include account blocks, delayed or disputed withdrawals, alleged trade execution issues during volatile market conditions, and requests for additional payments before withdrawals. These complaints come from individual users and have not been independently verified.
From a product perspective, ABET offers a low minimum deposit, multiple account types, and access to a range of trading instruments, which may appeal to beginner traders. However, these features should be weighed alongside other important considerations, including regulatory status, transparency, and customer support.
According to WikiFX's investigation, ABET does not hold a verified regulatory license and has received a WikiFX score of 2/10, factors that may warrant additional due diligence before depositing funds.
As with any financial service provider, traders should independently verify a broker's regulatory status, carefully review its terms and conditions, understand the risks involved, and start with an amount they can afford to lose. Conducting thorough research before committing funds can help investors make more informed decisions.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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