Absolute Markets has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Ca Trade Capital. We’ve received over 5 complaints against Absolute Markets.
Absolute Markets, an unregulated offshore brokerage, claims FSA regulation in St. Vincent and the Grenadines, which the FSA denies, indicating potential deception. Without strict regulation, consumers face dangers such as commingled money, no negative balance protection, and no compensation in the event of a broker’s failure. Traders should use brokers authorized by respected bodies such as the FCA, ASIC, or CySEC to ensure financial safety and transparency. Absolute Markets’ lack of regulation suggests that they may not be trustworthy, leaving investors vulnerable to significant financial losses with no redress.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Absolute Markets Regulated? Do They Have a License?
An offshore brokerage called Absolute Markets says it is regulated by the Financial Services Authority (FSA) in St. Vincent and the Grenadines (SVG). However, the FSA has denied this, saying that it does not police forex brokers or other similar businesses. There are major concerns about the broker’s honesty because of this difference.
There are also big financial safety risks for clients because there aren’t enough rules. For example, client funds could be mixed with operating assets, there isn’t any protection against negative balances, and there aren’t any ways for clients to get paid if the brokerage fails.
For traders who want to be sure that their financial services are safe and reliable, they should choose brokers that are regulated by reputable bodies such as the FCA in the UK, ASIC in Australia, or CySEC in Cyprus. These bodies follow strict rules that protect consumers, keep the market stable, and make sure that everything is clear.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Absolute Markets is a scam and 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 Absolute Markets, 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 Absolute Markets
Absolute Markets gives the well-known MetaTrader4 (MT4) platform, but there is no way to test it with a demo account, which is a big drawback. Potential clients can’t test the broker’s trading conditions and platform functions before committing real money. This is a big disadvantage compared to fully transparent and regulated brokers.
It supports leverage ratios that are very high, up to 1:10,000. Not only do regulated companies not use this much leverage very often, but it is also thought to be very risky, especially for traders who are new to the market. When using leverage, you should be careful because it can make both wins and losses bigger.
However, it’s worth noting that many scammers 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, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Absolute Markets Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers 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.
Scammers understand that in order 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, the customer support won’t resolve your issues and become increasingly unavailable.
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Absolute Markets 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.
Scammers like Absolute Markets tend to purchase fake reviews for their online profiles to make themselves seem more credible.
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 Absolute Markets reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which 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 Absolute Markets, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Absolute Markets enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Absolute Markets reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Absolute Markets.
You should always look out for consumer complaints. In the case of Absolute Markets, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Absolute Markets? You can share your complaint in the comment section or submit an anonymous tip.
Is Absolute Markets Legit Or Scam?
A lot of people are worried about Absolute Markets, mostly because it isn’t regulated and its clients’ financial safety is at risk. It may seem appealing to have a lot of leverage and use MetaTrader4, but potential clients should think twice because there aren’t any legal safeguards or clear information.
When traders choose a brokerage, they should put security and regulatory compliance at the top of their list of priorities. They should look for companies that are licensed by well-known regulatory groups.
Absolute Markets 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 Absolute Markets can run away with your money without any prior notice. You should be 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 Absolute Markets?
All the evidence suggests that Absolute Markets is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Absolute Markets a scam?
Can I withdraw money from Absolute Markets?
Where is Absolute Markets Located?
How do I get my money back from Absolute Markets?
How The Absolute Markets Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
