WikiFX Review: Is ABFX a Solid Broker Or Just Another Scam?

About ABFX

ABFX is an online forex broker that is based in Saint Vincent and the Grenadines. It has experience of 2 to 5 years. Saint Vincent and the Grenadines is an attractive place for financial companies to operate through an offshore company. There is no sharp regulation or overseeing of the company operation implemented. The SVG broker can run its activity and accept forex payments through credit cards but is not overseen. The physical address for this broker is Kemp House 160 City Road London - United Kingdom EC1V 2NX.

Trading Platform

As far as we know, this broker uses MT5 as its main trading platform.

Account Types& Minimum Deposit

This broker has six types of accounts, they are Alpha Pro account, Alpha ECN account, Alpha Zero Spread account, Alpha Micro account, Alpha Standard account, and ALPHA CUSTOM account. The minimum deposit for the Alpha ECN account, Alpha Zero Spread account, and Alpha Custom account are $1000. The minimum deposit for the Alpha Pro account is $15000. The minimum deposit for Alpha Micro is $5. The minimum deposit for the Alpha Standard account is $100.

Regulation: Is ABFX legit？

According to WikiFX, ABFX is not a regulated broker. This means it does not hold a legitimate license from any regulatory agency. In addition, WikiFX has given this broker a pretty low score of 1.75/10. An unregulated broker with such a low score is more likely to take your money away fraudulently. You need to be aware of this potential risk.

Unavailable Website

For some unknown reason, we cannot open ABFXs website. Traders need to be careful about this issue.

Information on Twitter

This broker does have an official account on Twitter. It was created in September 2021. And it currently has 48 followers.

Information on Facebook

This broker used to have a Facebook account, but somehow we cannot open it.

WikiFX Warning

Conclusion

WikiFX advises you to think carefully and do more research before investing in this broker as it has a very low WikiFX rating. It is relatively risky to invest in an unregulated broker. WikiFX contains details of more than 33,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link below (https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.

Click on ABFX' WikiFX page for details