ABX Trade LLC is a brokerage firm that offers trading services in forex, commodities, stocks, and indices for investors. The official website of ABX Trade LLC is https://abxtrade.com/, and the site is available only in English.
Company Background:
ABX Trade LLC is registered and established in Saint Vincent and the Grenadines, as indicated by information on the company's official website. The registration details are confirmed to be accurate according to the results from the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) website. Additionally, the domain registration information from a Whois query shows that the company's official website domain was registered on August 14, 2021, and has been active for over 2 years.
Account Registration:
ABX Trade LLC provides registration links for both real and demo accounts. To register a real account, users can click on "CREATE ACCOUNT" in the top right corner of the ABX Trade LLC website, enter the required information such as name, email, and phone, and complete the registration. The registration process for a demo account is similar, with the option to select "TRY DEMO." It's essential to note that the registration pages for real and demo accounts are the same. Moreover, the account registration page on the ABX Trade LLC website is available only in English.
Account Types:
The company offers three different types of trading accounts: STANDARD, PROFESSIONAL, and MANAGED. ABX Trade LLC's website outlines the distinctions among these accounts, including minimum deposits, spreads, leverage ratios, and commissions.
Trading Products:
ABX Trade LLC offers trading products in forex, commodities, stocks, and indices for investors. However, the website displays only a partial list of forex trading products, and specific details such as spreads, commissions, leverage ratios, contract sizes, overnight interest rates, and trading hours for the complete range of products are not provided.
Leverage Ratios:
ABX Trade LLC displays three different leverage ratios for investors, namely 1:50, 1:30, and 1:10, based on the account type. However, detailed information on leverage ratios for specific trading products is not available on the website.
Trading Hours:
The website does not provide information regarding the trading hours for forex, commodities, stocks, and indices.
Deposits and Withdrawals:
ABX Trade LLC only displays support for wire transfer deposits and mentions that deposits are free. However, details about supported deposit currencies, deposit times, withdrawal channels, withdrawal fees, and withdrawal times are not provided on the website.
Trading Software:
ABX Trade LLC offers the MetaTrader 4 (MT4) trading software for investors. The MT4 software is available for desktop (Windows/MacOS) and mobile (IOS/Android). It's worth noting that some users in certain countries or regions may encounter issues with downloading or installing the Android version of the MT4 software.
Risk Disclaimer:
ABX Trade LLC's website mentions that due to regulatory or legal requirements, the company cannot provide services to clients in certain countries or regions, including the United States, Canada, Israel, and Iran.
Regulatory Information:
ABX Trade LLC does not provide information about its regulatory status or authorization on its official website. The displayed registration location — Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) — does not regulate, monitor, authorize, or license Business Companies (BC) engaged in forex trading or brokerage activities.
Summary:
ABX Trade LLC raises suspicion of fraudulent activity. Although the SVGFSA website confirms the company's registration in Saint Vincent and the Grenadines, the lack of regulatory or authorization information on the official ABX Trade LLC website raises concerns. Investors should exercise caution when considering the services offered by this company. TraderKnows advises you to be vigilant about the safety of your assets and avoid falling into potential scams.
