ABC Group claims it has 8 years of experience in the financial market. By checking its domain, we found the domain had been created in 2020. Where do the 8 years of experience come from? It is a red flag.
ABC Group also claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 23920 IBC 2017. We searched SVG FSA and found the number belongs to a company named INVESCO LTD. Besides, please be informed that SVG FSA does not regulate forex activities or issue forex licenses. Having registration does not mean being authorized to provide financial services.
Moreover, the Portuguese Securities Market Commission (CMVM) issued a warning that ABC Group is not authorized to carry out any type of financial intermediation activity in Portugal.
The truth is that ABC Group is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.
ABC Group claims it has 8 years of experience in the financial market. By checking its domain, we found the domain had been created in 2020. Where do the 8 years of experience come from? It is a red flag.ABC Group also claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 23920 IBC 2017. We searched SVG FSA and found the number belongs to a company named INVESCO LTD. Besides, please be informed that SVG FSA does not regulate forex activities or issue forex licenses. Having registration does not mean being authorized to provide financial services. Moreover, the Portuguese Securities Market Commission (CMVM) issued a warning that ABC Group is not authorized to carry out any type of financial intermediation activity in Portugal.The truth is that ABC Group is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.