Absysteam Company Overview

Founding Date and Background

Absysteam, often referred to simply as "absystem company," was established in 1994 by Patrick Phillips and Linda Phillips. The founders aimed to create a business model that would empower individuals to achieve financial independence through medical billing services. Over the years, the company has evolved to offer a range of financial services, including trading and investment solutions.

Parent Company/Ownership Structure

Absysteam operates under the umbrella of American Business Systems, LLC, which provides a variety of training and support solutions for medical billing and revenue cycle management. The company is privately held, with leadership comprising experienced professionals in the medical billing and financial services sectors.

Headquarters Location

The headquarters of absystem company is located in Fort Worth, Texas, USA. This strategic location allows the company to serve clients across the United States effectively.

Global Business Scope

While absystem company primarily focuses on the U.S. market, it has expanded its services to cater to clients internationally. The company aims to provide accessible financial solutions to a diverse clientele, including individual agents and agencies.

Main Regulatory Bodies

Absysteam operates in a highly regulated environment, adhering to the standards set by various financial regulatory bodies. However, it is essential to note that the company has faced scrutiny due to associations with unregulated offshore brokers. As such, it is crucial for potential clients to conduct thorough due diligence before engaging with absystem company.

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Company History and Development

Key Milestones

Since its inception, absystem company has achieved several key milestones, including the launch of its medical billing training program in 1994 and the establishment of a robust network of independent medical billing companies. The company has continuously refined its systems and processes to enhance service delivery.

Business Expansion Journey

Over the years, absystem company has diversified its offerings beyond medical billing to include trading and investment services. This expansion has allowed the company to tap into new markets and attract a broader client base.

Customer Base Growth

Absysteam has experienced significant growth in its customer base, with thousands of individuals and agencies benefiting from its training and support services. The company's commitment to customer satisfaction has played a vital role in fostering loyalty and repeat business.

Platform Development History

The trading platform offered by absystem company has evolved to include various financial instruments, such as forex, stocks, CFDs, and cryptocurrencies. The company has invested in technology to ensure a user-friendly and efficient trading experience for its clients.

Important Awards or Recognitions Received

Absysteam has received recognition for its contributions to the medical billing industry, particularly for its innovative training programs and support services. However, specific awards related to its trading services have not been highlighted in available records.

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Trading Services Offered

Forex Trading Options

Absysteam offers a range of forex trading options, providing access to numerous currency pairs. While the exact number of pairs may vary, the company aims to cater to both novice and experienced traders by offering competitive spreads and leverage options.

Stock Trading Options

The company also facilitates stock trading, allowing clients to invest in various publicly traded companies. This service is designed to provide clients with opportunities for capital appreciation and diversification.

CFD Trading Products

Absysteam provides access to Contracts for Difference (CFDs), enabling clients to speculate on price movements of various assets without owning the underlying securities. This trading option appeals to those seeking flexibility and leverage in their trading strategies.

Other Financial Instruments

In addition to forex and stock trading, absystem company offers a variety of other financial instruments, including cryptocurrencies and commodities. This diverse range of products allows clients to tailor their investment strategies according to their risk tolerance and market outlook.

Special Services or Unique Advantages

One of the unique advantages of absystem company is its comprehensive training and support services, which are designed to empower clients to make informed trading decisions. The company emphasizes education and continuous learning, providing resources and tools to enhance trading skills.

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Regulatory and Legal Background

Detailed Regulatory Information

Absysteam operates in a complex regulatory environment. The company is associated with several regulatory bodies, including:

• Financial Industry Regulatory Authority (FINRA)
• Securities and Exchange Commission (SEC)
• Commodity Futures Trading Commission (CFTC)

However, it is important to note that some associated entities, such as absystem.trade, have been flagged by financial regulators for operating as unregulated offshore brokers.

Legal Entity Structure by Region

Absysteam is structured as a limited liability company (LLC) in the United States. This structure provides a level of liability protection for its owners while allowing flexibility in management and operations.

Client Fund Protection Measures

The company implements various client fund protection measures, including segregated accounts and participation in compensation schemes where applicable. However, potential clients should verify these protections before engaging with the company.

Countries/Regions Served

Absysteam primarily serves clients in the United States but has expanded its reach to international markets. The company's services are designed to accommodate clients from diverse geographical locations.

Compliance History

While absystem company has maintained a relatively clean compliance record, its associations with unregulated brokers have raised concerns among regulatory bodies. Clients are encouraged to conduct thorough research and due diligence before engaging with the company.

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Competitive Landscape

Main Competitors

Absysteam operates in a competitive landscape, with several key players in the financial services and trading sectors, including:

1. OctaFX - Known for its forex trading services and competitive spreads.
2. HFM - Offers a range of trading products and robust customer support.
3. eToro - A leading social trading platform that allows users to copy trades from experienced investors.

Positioning in the Industry

Absysteam positions itself as a provider of comprehensive training and support services, differentiating itself from competitors by emphasizing education and empowerment for clients. This approach aims to build long-term relationships with clients.

Market Differentiation Factors

The company's focus on personalized support and training sets it apart from many competitors. By offering resources that enhance clients' trading skills, absystem company aims to foster a community of informed traders who can navigate the complexities of the financial markets.

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In conclusion, absystem company has established itself as a notable player in the financial services sector, particularly in medical billing and trading. While it offers a diverse range of services, potential clients should conduct thorough research and due diligence to ensure they are making informed decisions. For further information on absystem company and its offerings, learn more.