Aberlyst has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Cryptocom. We’ve received over 6 complaints against Aberlyst.
Aberlyst asserts that it is a forex broker that is regulated; however, there are numerous red flags that suggest otherwise. This guide will assist you in evaluating financial services companies and directing you to reputable investment intermediaries. Aberlyst demonstrates indicators of fraud, such as the use of anonymity, the assertion of fraudulent regulatory authority, the requirement of high minimum deposits, and the exclusivity of bitcoin transactions. Select brokers that are regulated, such as those that are licensed by the CySEC or FCA, to ensure the security of your investments. To safeguard your funds, it is advisable to steer clear of Aberlyst and other unregulated entities.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is Aberlyst Regulated? Do They Have a License?
Aberlyst advertises itself as a regulated forex broker, although multiple red flags indicate otherwise. In this study, we will show you how to assess the validity of a financial services company and direct you to reputable investment intermediaries.
A respectable financial services company should publish clear and complete information about its ownership, location, and regulatory licensing on its website. It should also allow access to detailed legal documentation. The absence of these items is a strong indication of possible fraud.
Aberlyst remains nameless, with no mention of the company’s name anywhere, including the Customer Agreement and other legal documents. The website provides an Austrian contact address but claims to have licenses from regulators in Dubai, Cyprus, Australia, and the United Kingdom. However, the Customer Agreement specifies Vanuatu as the appropriate country, which is a well-known offshore zone.
This anonymity and the inconsistencies in its assertions are typical of fraudulent organizations. A check with the relevant financial regulators finds that no broker named Aberlyst is licensed in any of the jurisdictions listed. Additionally, the Bank of Russia has issued a warning that Aberlyst is not licensed.
To protect your money, look for brokers who are regulated by respectable agencies like the Cyprus Securities and Exchange Commission (CySEC) or the Financial Conduct Authority (FCA) in the UK. These brokers provide investor protections such as negative balance protection and fund guarantees for up to EUR 20,000 in the EU and £85,000 in the UK. They also follow regulations that aim to improve investor protection and market transparency, such as transaction reporting and the separation of client money from operational funds.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Aberlyst might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Aberlyst, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Aberlyst
Aberlyst’s web trading platform is minimal, with no customisation options or extra capabilities. This platform is frequently used by fraudulent brokers to trick victims into believing their money is being invested and earning.
Legitimate brokers provide a wide range of trading software, including desktop, mobile, and web-based platforms. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are industry standards that offer numerous capabilities such as customization, multiple account usage, automated trading, and backtesting strategies.
Aberlyst has a $1,000 minimum deposit, which is much higher than many legal brokers, who allow you to start trading with as little as $5 to $100.
Aberlyst only takes bitcoin deposits, which is a frequent practice among financial scammers. Cryptocurrencies provide anonymity to the scammer and do not allow refunds, making it harder for victims to reclaim their monies.
In addition to cryptocurrencies, legitimate brokers offer a wide range of payment options, including credit/debit cards, bank transfers, and popular e-wallets like as PayPal, Neteller, and Skrill.
Aberlyst claims to offer trading in all main asset classes, but given the previous signs of fraud, it is safest to invest with licensed brokers.
Aberlyst advertises a spread of just 0.1 pip, which is exceptionally low and suggests the presence of commissions. Aberlyst, on the other hand, does not disclose trading costs. Given that the trades are most likely fraudulent, the spreads are irrelevant.
Aberlyst promotes leverage of up to 1:100, which exceeds the limits set by regulators in the regions where it claims to be registered. High leverage raises both possible earnings and hazards, resulting in unexpected and significant losses. Leading regulators limit retail traders’ leverage to safeguard investors.
Aberlyst does not disclose its withdrawal terms, however fraudsters frequently include hidden fees and other gimmicks to prevent you from taking your funds. These traps are frequently linked to bonuses offered.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
Aberlyst Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Aberlyst Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if Aberlyst might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online Aberlyst reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Aberlyst, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Aberlyst enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Aberlyst reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Aberlyst.
You should always look out for consumer complaints. In the case of Aberlyst, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Aberlyst? You can share your complaint in the comment section or submit an anonymous tip.
Is Aberlyst Legit Or a Scam?
Aberlyst is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Aberlyst can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Aberlyst?
Aberlyst demonstrates multiple red flags of being an untrustworthy and potentially fraudulent broker. To protect your investments, only choose brokers registered by reputable agencies. These brokers provide openness, security, and adherence to investor protection guidelines.
All the evidence suggests that Aberlyst might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
