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ABSystem

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Risk Level - High

Scam Evidence & Warnings

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The Spain CNMV Added ABSystem​ into Its Warnings On 4 Oct 2021, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that ABSystem was not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=absystem

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The Italy CONSOB Added ABSystem into Its Warnings On 14 Oct 2021, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that ABSystem was not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/press-releases-2021

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The Italy CONSOB Warned ABSystem Again On 23 Dec 2021, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that ABSystem was not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/press-releases-2021

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The Portugal CMVM Added ABSystem into Its Warnings On 23 Dec 2021, the Portuguese Securities Market Commission (CMVM) issued a warning that ABSystem was not authorised to carry out any type of financial intermediation activity in Portugal. You may visit: https://www.cmvm.pt/en/SDI/FinancialIntermediaries/Pages/20211223.aspx

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BrokersView has Found that ABSystem is Using a New Domain BrokersView has found that ABSystem is using a new domain, https://absystem.world/, to scam.

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The Italy CONSOB Warned ABSystem for the Third Time On 20 Jan 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that ABSystem was not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/press-releases

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BrokersView has Found that ABSystem is Using a New Domain BrokersView has found that ABSystem is using a new domain, https://absystem.trade/, to scam.

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BrokersView has Reviewed that ABSystem is an Unregulated Forex Broker ABSystem claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. Moreover, the broker has been warned for five times by three forex regulators, including the Spain Comisión Nacional del Mercado de Valores (CNMV), the Italy Commissione Nazionale per le Società e la Borsa (CONSOB), and the Portuguese Securities Market Commission (CMVM).The truth is that ABSystem 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.

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