Another foreign exchange platform ran away! AbsoluteMarkets has victims in many countries

For traders, the last thing they want to see is a platform explosion and running away. However, if they choose the wrong platform, this is something they will inevitably face.

Countless black platforms pop up every day, and many platforms are bound to die for no reason. Recently, another foreign exchange platform has run away. It is Absolute Markets, and its victims are spread across many countries.

At present, the URL of the Absolute Markets platform (https://absolutemarkets.com) cannot be opened , and there is no response to the official email. It is suspected that it has run away, and it is also necessary to be vigilant about changing other URLs and continuing to cheat . Absolute Markets investors who have nowhere to defend their rights have posted on the Internet to denounce - the money they invested in Absolute Markets basically never returns!

The problem of Absolute Markets has been around for a long time, and the problem that will be exposed in 2022 is mainly the problem of withdrawal. Like many black platforms, Absolute Markets likes to get in the way of withdrawals. Either the withdrawals do not arrive for no reason, and the platform cannot be contacted; is quite difficult.

On February 22, 2023, an American investor complained that he was trading gold at Absolute Markets, and his account was emptied before he made a profit after making a profit.

On March 9, 2023, another American investor broke the news on the Internet, saying that he had repeatedly withdrawn funds from Absolute Markets to no avail. He sent a message to the platform’s customer service mailbox and did not respond. Later, he found that the website was also closed..... .The money he put in was all wasted before he even had time to withdraw it once.

The website domain name of the Absolute Markets platform was created on March 21, 2014, and it can be regarded as a relatively "senior" platform. Registered with St. Vincent SVGFSA No. 1477 LLC 2021.

The king checked the registration number 1477 LLC 2021 in the list of registered companies of St. Vincent FSA. The corresponding platform is indeed Absolute Markets LLC. However, St. Vincent FSA does not supervise financial derivatives, and everyone has a stake in it. At present, most Absolute Markets platform victims can only vent their dissatisfaction online.

As the saying goes, if a worker wants to do a good job, he must first sharpen his tools! When you choose to enter the foreign exchange market to trade, it is equivalent to starting a business, and the tool for doing things is the trading platform, so the choice of the platform is particularly important.

There are many kinds of platforms, but there are actually two simple classifications, one is regulated and the other is unregulated. When choosing a platform, don’t worry about the publicity, at least there must be supervision, let’s not talk about which country has supervision, at least there must be, and then we will discuss the quality of supervision.

FCA in the UK, ASIC in Australia and NFA in the US are the most recognized. However, due to the restrictions on platform leverage and trading rules by FCA and ASIC in the past few years, many platforms have added other offshore supervision.

But are these offshore regulations reliable? This is a question mark. After all, some small regulatory licenses have a low threshold, and you can even buy them for a little money. This requires investors to carefully consider. If you find a problem with the platform, you should retreat in time. Most platforms will have certain signs before they run away, such as Abnormal marketing activities, abnormal platform orders, delays in withdrawals, etc.