Abstract:Even though it advertises discounts that seem too good to be true, ABC Group is not a certified or regulated broker. ABC Group claims to be owned by ABC Group Ltd, a company established by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) with the registration number: 23920 IBC 2017.
Even though it advertises discounts that seem too good to be true, ABC Group is not a certified or regulated broker. ABC Group claims to be owned by ABC Group Ltd, a company established by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) with the registration number: 23920 IBC 2017.
Upon checking their regulations as stated on their official website by WikiFX at the official SVG FSA. The business type registered is not a financial service nor an entity that can conduct forex trading (image shown below).
We do locate a match for the registration number in the SVG FSA, however, it belongs to a firm called “INVESCO LTD” rather than “ABC Group Ltd.” Furthermore, the SVG FSA is not a regulatory authority that awards forex trading licenses or governs firms that provide forex services.
More crucially, the Portuguese Securities Market Commission (CMVM) warned ABC Group that it is not permitted to engage in any form of financial intermediation activity. The complete warning is shown in the picture below:
The fact is that ABC Group is not regulated by anybody. That implies your data or money in this broker is at risk and is not protected by law. We would advise traders to avoid unregulated brokers such as ABC Group and instead deal with licensed brokers.
ABC Group on WikiFX
As previously indicated, the regulation of ABC Groups is not mentioned on the official website of the financial authorities. This broker is likely to be one of the FX market's con artists.
The rules for Saint Vincent and the Grenadines may be found here: https://www.wikifx.com/en/newsdetail/202208027034620584.html
About WikiFX
WikiFX is a forex search engine that allows you to quickly check the broker's regulatory status, which is the most crucial thing to know before investing. It has over 37,000+ listed brokers, both registered and unregulated, and has been working with 30 financial authorities to educate traders and prevent them from choosing the incorrect forex broker. Aside from educating traders, WikiFX may help prevent unlawful actions by your forex brokers.
WikiFX's database is sourced from official regulatory bodies such as the FCA, ASIC, and others. The published information is also fair, objective, and factual. WikiFX does not charge public relations fees, advertising costs, ranking fees, data cleaning fees, or other irrational expenses. WikiFX will do everything possible to keep the database consistent and synchronized with authoritative data sources such as regulatory bodies, but cannot promise that the data will always be up to date.
Visit ABC Group's WikiFX dealer website at https://www.wikifx.com/en/dealer/3143366799.html to learn more.
To get the news on the move, download the WikiFX App for free from the App Store or Google Play Store.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
In the midst of the 2021 crypto and NFT boom, celebrities flocked to the burgeoning market of digital assets, promoting Non-Fungible Tokens (NFTs) as the next big thing. Fast forward to 2024, the glitter has faded, and many celebrity-endorsed NFTs have lost their allure. The question remains: what happened to celebrities’ NFTs, and why should this serve as a stark reminder for everyday investors?
Updated forex analysis shows USD weakness, focusing on key levels like EUR/USD, DXY bearish trend, and pivot points for major currency pairs.