abetglobal.com Scam Check: 10/100 Trust | ScamMinder

Exercise caution when interacting with this website.

The website content and the information provided in the domain whois data raise several red flags: 1. Lack of Regulatory Information: The website does not mention any regulatory authority overseeing its operations. Legitimate financial service providers, especially in the forex and CFD trading industry, are typically regulated by recognized authorities such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), or the Australian Securities and Investments Commission (ASIC). The absence of such regulatory information is a significant concern. 2. High-Risk Financial Products: The website promotes trading in complex and high-risk financial products, including foreign exchange (forex) and contracts for difference (CFDs). These products are known for their high volatility and the potential for significant financial losses. It's important for traders to fully understand the risks involved, and the website's emphasis on the potential for high profits without adequate risk warnings is a common tactic used by unscrupulous platforms. 3. Lack of Clarity on Ownership and Location: The website provides an address in Bulgaria and another in Anguilla, but it's not clear where the company is actually headquartered or where its operations are primarily based. This lack of transparency about the company's physical location can be a red flag. 4. Ambiguous Risk Disclosure: While the website includes a risk warning, it's important to note that simply including a generic risk disclaimer does not absolve a company from its responsibilities to provide clear and accurate information about the risks associated with trading. The language used in the risk warning should be specific and transparent. 5. Unverifiable Claims: The website makes several claims about its services, technology, and the benefits of trading with the platform, but it's difficult to verify the accuracy of these claims. Without independent, verifiable evidence to support these assertions, they should be approached with caution. 6. Limited Information on Company History: The website does not provide detailed information about the company's history, track record, or the experience of its leadership team. Established and reputable financial service providers typically offer more transparency in these areas. 7. High Referral Incentives: The offer of up to $35 per referred client through the referral program is unusually high and could be a tactic to attract new traders without adequately disclosing the risks involved in trading on the platform. 8. Geographic Restrictions: The website explicitly states that its products and services are not intended for citizens of the United States, Turkey, and Iran. While this may be related to regulatory considerations, it's important to understand the reasons behind these restrictions. 9. Ambiguity in Legal and Compliance Information: The website includes links to various legal and compliance documents, such as the privacy policy, risk disclosure, and client agreement. However, the clarity and accessibility of this information, as well as its alignment with industry standards, are important factors to consider. 10. Unsubstantiated Technology Claims: The website claims to provide the best technological infrastructure and innovative products and services, but without specific details or independent verification, these claims should be approached with skepticism. Given these red flags, it's advisable to exercise extreme caution when considering any engagement with this platform. It's important to conduct thorough due diligence, seek independent financial advice, and consider alternative, well-established and regulated platforms for trading in high-risk financial products."

• Lack of Regulatory Information, High-Risk Financial Products, Lack of Clarity on Ownership and Location, Ambiguous Risk Disclosure, Unverifiable Claims, Limited Information on Company History, High Referral Incentives, Geographic Restrictions, Ambiguity in Legal and Compliance Information, Unsubstantiated Technology Claims