Is Absolute Markets Legit or A Scam Broker?

Absolute Markets raises several red flags that warrant caution before investing. Here’s why:

• Lack of Stringent Regulation: Absolute Markets is registered in Saint Vincent and the Grenadines (SVG), a jurisdiction known for its lax financial regulations. This means traders have less recourse if something goes wrong compared to brokers regulated by stricter authorities.
• Limited Customer Support: While Absolute Markets offers live chat and email support, it lacks phone support, making it difficult to reach a representative for urgent matters. Additionally, reports suggest the support team isn’t available 24/7.
• Website Accessibility Issues: Some users have encountered problems accessing the Absolute Markets website. This could be a red flag, potentially indicating technical issues or deliberate attempts to restrict access to information.

If you suspect you’ve been scammed by a broker, consider reaching out to Broker Complaint Alert. This organization provides free consultation and can recommend recovery services to help you get your money back.

What is Absolute Markets?

Absolute Markets is a forex and CFD broker offering trading in various asset classes, including currencies, stocks, commodities, and cryptocurrencies. They primarily cater to traders from Southeast Asia, with options for local bank transfers for deposits.

Absolute Markets Details

Deposits and Withdrawals

Absolute Markets offers several deposit methods, including credit/debit cards, wire transfers, and local bank transfers (for Southeast Asia). However, information on withdrawal fees and processing times is limited. This lack of transparency can be concerning, making it difficult to plan your trades effectively.

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Account Types

Absolute Markets provides various account types with different minimum deposit requirements and features. While this caters to different experience levels, be cautious of promotions offering high leverage. Leverage amplifies both profits and losses, so beginners should exercise caution.

Red Flags and Warning Signs

Here are additional red flags to consider:

• Limited Educational Resources: Absolute Markets reportedly lacks educational materials, essential for new traders to learn the ropes.
• Unrealistic Profit Promises: Beware of brokers guaranteeing high returns or easy profits. The forex market is inherently volatile, and success requires knowledge and experience.

Customer Complaints and Negative Reviews Online

Several online reviews raise concerns about Absolute Markets. Some traders report difficulties withdrawing funds, while others mention unresponsive customer support. It’s crucial to consider these negative experiences before investing.

Absolute Markets Alternative Brokers

Several reputable and well-regulated brokers offer a wider range of services and support. Consider looking into established brokers with a proven track record and licenses from recognized financial authorities.

Got Scammed by Absolute Markets? We Help Victims!

If you suspect Absolute Markets has scammed you, don’t hesitate to seek help. Broker Complaint Alert can be a valuable resource. They offer free consultations and can recommend recovery services specializing in helping victims of forex scams. Remember, early intervention is crucial in such cases or You can report to us today using the form below.

By carefully considering the information above, you can make an informed decision about whether Absolute Markets is the right broker for you. It’s always best to prioritize safety and choose a reputable, well-regulated broker with a transparent business model and a commitment to customer support.