WikiFX is a trusted global forex broker regulatory query platform and an expert in all broker-related inquiries and complaints, as well as a mediator of client-broker dispute cases. In todays article, we will be reviewing Absolute Markets, a broker from St. Vincent and the Grenadines that is located in the southern Caribbean.
Absolute Markets official website is www.absolutemarkets.com.
This forex brokers business premise is registered at Suite 305, Griffith Corporate Centre, Kingstown, Beachmont, Kingstown, St. Vincent and the Grenadines.
There is no phone number available to reach Absolute Markets but the clients are available to seek assistance through its chat box function or via email at info@absolutemarkets.com.
Absolute Market is registered with the Financial Services Authority of St. Vincent and The Grenadines (registration number: 1477) in October 2021. This information was obtained through svgfsa.com, which is the official website of the local Financial Services Authority.
Below is Absolute Market‘s profile on Wikifx’s mobile application – which is available for free download on both Google Play and App Store:
From here, it could be suggested that this company has received a low rating due to a few reasons:
1) there is not much information available about this forex broker.
2) it is not regulated and it does not hold any valid license.
3) there are user complaints from different countries – this will be the main focus of this article as WikiFX would like to highlight this devious tactic that is used by Absolute Markets to scam its clients.
A gentle reminder to all WikiFX users:
When choosing a forex broker, it is always important to opt for a broker that is established for a longer period of time, is regulated by main authority bodies, holds valid licenses, and is reputable within the industry.
If you need more guidance in picking the most suitable broker, this article will come in handy:
Read here: https://www.wikifx.com/en/newsdetail/202206102564273711.html
Now, we will take a look at an Exposure that was submitted by an American FX trader regarding the issues of Absolute Markets.
WikiFXs Exposure page (https://exposure.wikifx.com/en/revelation.html) is where traders can submit their honest reviews and complaints about their brokers.
For traders who surveying and researching for brokers to engage with, this is where they can find the most transparent comments regarding a brokers services.
Simultaneously, for victimized traders, this is where they can seek help from WikiFX to mediate their cases by clicking the red Exposure button and uploading as much information and evidence as they have.
Dom, a trader from the United States, lodged his exposure with WikiFX at the start of July 2022. He was having issues of not being able to close the trades that he was copying. Read the full Exposure report here: https://exposure.wikifx.com/en/detail/202206301342781979.html.
This is against the usual copy trading system because traders should have access to their accounts and the freedom to open and/or close trades at any time, despite engaging in copy trading services. Neither the broker nor the master trader could have control over an individuals trading account.
Traders who are looking to become potential clients of Absolute Markets or are currently trading with Absolute Markets should be aware of this red flag.
In conjunction with this issue, WikiFX would like to raise awareness about copy trading. Remember, as cliché as it might sound, there is no free lunch and sometimes what is marketed as “free lunch” could be a trap that is curated to deceive you. Therefore, it is always important to carry out due diligence to avoid becoming the prey of such brokers.
For more in-depth clarification, read this article here: https://www.wikifx.com/en/newsdetail/202206306044804791.html
As for unfortunate traders who are currently having similar issues to that mentioned above, whether with Absolute Markets or any other forex brokers, feel free to seek help from WikiFX through the mediums below:
To find out how can WikiFX help you in such traumatizing situations, feel free to read the 2 articles below:
Full article: https://www.wikifx.com/en/newsdetail/202206032924195275.html
Full article: https://www.wikifx.com/en/newsdetail/202206091054450691.html
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