ABBY Review 1
The platform scammed me 20000 RMB. I have called the police. Hope you avoid being cheated.







ABBY Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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The platform scammed me 20000 RMB. I have called the police. Hope you avoid being cheated.
In this comprehensive review of Abby, we delve into user experiences, expert opinions, and critical features of this forex broker. Overall, the sentiment surrounding Abby is mixed, with some users praising its customer service and trading conditions, while others express concerns about its regulatory status and potential risks. One key finding is that Abby is not regulated by a top-tier authority, which raises questions about its trustworthiness.
Note: It's important to highlight that Abby operates under different entities across various regions, which can significantly impact user experiences and regulatory compliance. This review aims to provide a balanced view based on the most recent and relevant information.
Category | Rating (out of 10) |
---|---|
Account Conditions | 4 |
Tools and Resources | 5 |
Customer Service and Support | 6 |
Trading Setup (or Experience) | 5 |
Trustworthiness | 3 |
User Experience | 4 |
How We Rate Brokers: Our ratings are based on user feedback, expert analysis, and available data, ensuring a comprehensive view of each broker's performance.
Founded in an unspecified year, Abby operates as a forex broker offering various trading services. However, the lack of clarity regarding its regulatory status is concerning. The broker primarily utilizes the MT4 platform, allowing users to trade a range of assets, including forex pairs and possibly CFDs. Despite its claims of providing a robust trading environment, the absence of oversight from a recognized regulatory body raises red flags.
Regulated Geographical Areas/Regions:
Abby is not regulated by any top-tier financial authority, which is a significant drawback. Users are advised to exercise caution when trading with unregulated brokers, as they may not provide adequate protection for client funds.
Deposit/Withdrawal Currencies/Cryptocurrencies:
While specific details regarding supported currencies were not provided, it's typical for brokers to accept major currencies like USD, EUR, and GBP. The inclusion of cryptocurrencies is also common, but further verification is needed.
Minimum Deposit:
Information regarding the minimum deposit requirement is unclear. Users should contact customer support directly for accurate details.
Bonuses/Promotions:
There is no information available about current bonuses or promotions that Abby may offer. Potential clients are encouraged to inquire directly with the broker.
Tradable Asset Classes:
Abby appears to focus primarily on forex trading, with potential offerings in CFDs. However, users should verify the full range of assets available on their platform.
Costs (Spreads, Fees, Commissions):
The specifics of Abby's trading costs, including spreads and commissions, were not detailed in the available sources. Users should consider this aspect when evaluating the broker's overall value.
Leverage:
Leverage options were not explicitly mentioned, but it is crucial for traders to understand the risks associated with high leverage, especially with unregulated brokers.
Allowed Trading Platforms:
Abby primarily supports the MT4 trading platform, which is widely recognized for its user-friendly interface and robust trading tools.
Restricted Regions:
There is no clear information on restricted regions, but it is advisable for users to check local regulations regarding forex trading.
Available Customer Service Languages:
While specific languages were not mentioned, it's common for brokers to offer support in English and other major languages. Users should confirm available options when contacting customer service.
Category | Rating (out of 10) | Explanation |
---|---|---|
Account Conditions | 4 | Lack of clarity on minimum deposits and account types. |
Tools and Resources | 5 | Basic tools available, but lacks advanced resources. |
Customer Service and Support | 6 | Mixed reviews on responsiveness and helpfulness. |
Trading Setup (or Experience) | 5 | User experiences vary, with some reporting issues. |
Trustworthiness | 3 | Major concerns due to lack of regulation. |
User Experience | 4 | Overall mixed feedback, with some positive experiences. |
Account Conditions: Users have reported a lack of transparency regarding account types and conditions. This is a significant area of concern, as potential clients may find it challenging to determine the best account for their trading needs.
Tools and Resources: While Abby offers basic trading tools, expert reviews suggest that the resources available may not be sufficient for more advanced traders. The absence of comprehensive educational materials could hinder new traders' learning processes.
Customer Service and Support: Customer service experiences have been mixed. Some users have praised the support team for their responsiveness, while others have reported delays in communication. This inconsistency can affect traders' ability to resolve issues promptly.
Trading Setup (or Experience): User experiences with the trading platform have varied. Some traders have found the MT4 platform effective, while others have encountered technical issues. This inconsistency can impact overall trading satisfaction.
Trustworthiness: The lack of regulation is a critical red flag for potential users. Experts have consistently advised avoiding brokers that do not operate under the oversight of a recognized authority.
User Experience: Overall user experiences with Abby have been mixed, with some users expressing satisfaction while others have raised concerns about the broker's practices. This highlights the importance of conducting thorough research before engaging with any broker.
In conclusion, while Abby presents itself as a viable option for forex trading, potential users should proceed with caution. The lack of regulatory oversight is a significant concern, and users are encouraged to weigh their options carefully. Always consider user reviews and expert opinions when evaluating a broker, as these insights can provide valuable guidance in making informed decisions.
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