The Portugal CMVM Added ABC Group into Its Warnings On 27 July 2022, the Portuguese Securities Market Commission (CMVM) issued a warning that ABC Group is not authorised to carry out any type of financial intermediation activity in Portugal. You may visit: https://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/20220728f.aspx?v=

BrokersView has Reviewed that ABC Group is an Unregulated Forex Broker 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.

BrokersView has identified that ABC Group's website is currently offline BrokersView found that the domain "https://abcfx.group/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Is ABC Group Regulated? ABC Group is not a licensed or regulated broker even though it states offers that look good to be true. ABC Group claims to be owned by ABC Group Ltd, a company registered with St. Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number: 23920 IBC 2017. We indeed find a match result to the registration number in SVG FSA, but the number belongs to a company named "INVESCO LTD" instead of "ABC Group Ltd". Besides, SVG FSA is not a regulatory body that issues license for forex trading or regulates entities engaging in forex services.More importantly, the Portuguese Securities Market Commission (CMVM) issued a warning that ABC Group is not authorized to carry out any type of financial intermediation activity. You can check the full warning from here.The truth is, ABC Group is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like ABC Group and trade with licensed brokers. View Source