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AB Forex Company: what already dead may never die again?

At first sight, it seems that AB Forex Company, a dealing center, has left the market forever. In fact, the broker is still providing services, and traders from the CIS are trying to work with it. Reviews are really alarming. There are much more comments about the forex broker than information about the company itself. However, all the clients have come to a conclusion that it is a fraudulent company. Let us investigate all the details about the firm.

Online since 2006
Country Introducing broker (IB) of GFT Global Markets UK (GFT UK)
Website abforex.ru
Regulated by FSA (Financial Service Authority)
Trading platform DealBook 360
Trading instruments futures, CFDs, stocks, indices, obligations
Payment methods Visa, MasterCard, wire transfer

Key information about AB Forex Company

About company

AB Forex Company is an introducing broker of GFT Global Markets UK (GFT UK). According to the information provided by the dealing center, from 2006, the company acted as a representative of one of the Russian firms, and from 2008, it was an IB of the English representative office of GFT Global Markets UK.

Judging by the website, since 2008, there has been no news about the company, its rewards, partners, or achievements on the official website. Notably, new market reviews were published for a bit longer, but in 2014, the broker lost interest in this sector.

Trading conditions

Although, the website is dead, AB Forex Company continues providing traders with the following services:

  • Futures trading ( 94 contracts, the minimum deposit is $2,500);
  • Trading with GFT Global Markets UK. Traders may open a Mini Forex account (deposit is from $250 to $2,500, leverage is up to 1:400, margin requirement is 0.25%, minimum trade size is 0.1 lot) or a Standard Forex account (deposit is from $2,500, leverage is up to 1:100, margin requirement is 1%, minimum trade size is 1 lot);
  • Forex trading with over 2,000 contracts (minimum deposit is $2,500).

Information for clients

AB Forex Company offers customers to open a demo or live account. It does not provide novice traders with education materials. Clients can receive support in the company’s offices. To open an account, traders should fill out a rather big form with numerous questions about registration, bank account, education, trading experience etc. Trading can be performed via the DealBook 360 trading platform, which is chosen by many professional traders.

Feedback

Although there is little information about the company, there are a lot of reviews about its services. Most traders openly describe the company’s activity as fraudulent as they cannot withdraw large sums of money. The company’s clients wrote the following reviews: “I failed to withdraw $8,700 trading with AB Forex Company”, “It is the worst broker I have ever worked with. I lost all my deposit within just four days”, “The company is a 100% scammer. It has stolen $33,000 and now, it is not answering my phone calls and emails”, “They do not pay. They only require documents, and then it is impossible to contact them”, “More than one thousand robbed people. This is the real result of the company’s activity”, “AB Forex Company is a number one scammer.”

We tried to find some positive comments, but all in vain. However, we have come across a quite neutral review: “Average spreads, the trading platform works either well or poorly. Orders could be executed in 2 or 20 seconds. Sometimes, the server disconnects. To sum up, you can find a more reliable broker.”

Conclusion

Results of the analysis of AB Forex Company are really alarming. The company stagnated in the information vacuum between 2008-2014. Traders blame the broker for stealing their deposits. However, AB Forex Company does not respond to criticism and does not deny the accusations of fraud in any way. Thus, it is better not to trust such a broker with your money.

The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.
Author: Denise | Data de  2021-09-07
The trading platform of AB Forex is terrible. They keep boasting about it but when you experience using it already, you would only be annoyed. First of all, it is complicated to use. Second, the platform lags all the time. And lastly, it does not execute orders properly.
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Author: Majda | Data de  2021-08-23
I had a trading account at AB Forex before. Unfortunately, I was never able to take my money back from this broker. They suddenly vanished and couldn't be contacted. I tried waiting patiently until they came back but it never happened.
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Author: Vulu | Data de  2021-08-09
I lost $1000 at AB Forex. I was only able to use my trading account for three months then after that, the company disappeared. Their website became invalid and they never responded to any emails. Until now I don't understand why that happened and I never got anything back from them.
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Author: Bohus | Data de  2021-08-02
I don't know what happened to my funds at AB Forex because the company just disappeared. I suddenly could not access the website and their communication channels couldn't be reached. It was a long time ago already but I still remember it whenever I make decisions involving financial investments.
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Autor de abforex: Tzarina | Data de  2021-09-17
We can assume that it is good as gone now. I am no longer expecting to retrieve my funds from AB Forex because it seems like they never intended to release them at all. I guess we should just hope that the company will not return to business again.
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Author: Lizette | Data de  2021-07-29
I closed my account at ABForex a month ago because I am no longer pleased with the quality of their services. The problem I have now is that I still haven't received the remaining funds in my account until now. It should have been released after I close my account but the broker did not give me anything.
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Author: Yuichiro | Data de  2021-07-20
I lost more than $500 on AB Forex. Their services were not that great. I made a mistake opening an account with them because I did not gain anything. And I was not able to withdraw my funds right away because they did not allow me. In the end, I just lost everything.
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Autor de abforex: Matiha | Data de  2021-08-18
Oh no, that's horrible. Now I feel relieved that I did not continue with opening an account at AB Forex. I really thought they could be trusted. I even felt so sad that I could no longer invest due to an emergency expense. But I guess it was a blessing in disguise.
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Author: Rasvan | Data de  2021-07-15
When I deposited money to AB Forex, it was immediately processed. But when it comes to withdrawals, the broker does not process it at all. They made all excuses just to delay the transaction. I already closed my account several months ago but I still haven't received my money.
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Author: Selmano | Data de  2021-07-09
I can't believe that AB Forex is still providing brokerage services! I have been a victim of this broker and back then, they already exited the market taking away all the money of their clients. Finding out that they made their way back to market, it is just so infuriating. The people behind this broker should be taught a lesson.
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