ABI Commodity Futures
Basic Information
Pros and Cons
Pros
- 24/7 customer service
- Specializes in commodity futures trading
- Focus on gold trading
Cons
- No regulatory oversight
- Withdrawal issues reported
- Limited information on trading fees
- High-risk status due to unregulated operations
Is ABI Commodity Futures Safe and Legit?
ABI Commodity Futures is an Indonesian-based brokerage established in 2018, operating for approximately 2 to 5 years. The firm specializes in commodity futures trading, primarily focusing on gold, while offering trading through platforms like Jafets Colt, JFX Gold X, Goldex, and Go FX, with unspecified leverage and spreads.
Despite its operational presence, ABI Commodity Futures lacks any regulatory oversight, raising significant concerns regarding its safety and legality in the trading landscape. Without a valid license, the broker is deemed high-risk for potential fraud or financial loss.
Users have reported mixed experiences with ABI Commodity Futures. While customer service is noted for its 24/7 availability, transparency issues and limited information on trading fees have led to frequent complaints. Many traders express caution due to the broker’s unregulated status, suggesting that potential clients proceed with careful consideration before engaging with the platform.
Is ABI Commodity Futures a Regulated Broker?
What Are the Regulatory Licenses Held by ABI Commodity Futures?
No regulated licenses are held by ABI Commodity Futures. The broker operates without any mainstream or offshore regulatory oversight, which raises significant concerns regarding its safety and legality in the trading landscape. This lack of regulation categorizes ABI Commodity Futures as a high-risk broker, as it does not possess a valid license that would typically ensure compliance with financial security and ethical standards.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
ABI Commodity Futures does not hold client funds in independently regulated bank accounts, and there is no information regarding the segregation of client funds from the broker’s own assets. Additionally, the broker does not participate in any investor compensation funds or insurance schemes, raising concerns about the safety of traders’ funds.
ABI Commodity Futures Leverage
The leverage offered by ABI Commodity Futures is unspecified in the available information. Without any regulated licenses, it is unclear how the leverage aligns with legal limits in jurisdictions where such oversight exists. The classification of clients as retail or professional is not specified, further complicating the understanding of applicable leverage.
ABI Commodity Futures Withdrawal Review
How to Contact ABI Commodity Futures?
ABI Commodity Futures has received mixed feedback from users, with common complaints mainly focusing on withdrawal issues and lack of transparency. Credible sources of these complaints include online trading forums and review websites. Users have reported delays and complications when attempting to withdraw funds. The broker’s response to complaints appears to be variable, with some users indicating slow response times. There are no significant public complaints or regulatory penalties recorded, but the absence of regulation raises concerns about potential risks, suggesting that traders should exercise caution before engaging with this broker.
Frequently Asked Questions
A1: ABI Commodity Futures operates without any regulatory oversight, which raises significant concerns regarding its safety and legitimacy in the trading landscape. The absence of a valid license categorizes it as a high-risk broker, potentially exposing traders to issues such as financial loss or fraud.
A2: ABI Commodity Futures does not hold any regulated licenses. The broker operates without mainstream or offshore regulatory oversight, which raises significant concerns about compliance with financial security and ethical standards.
A3: ABI Commodity Futures does not hold client funds in independently regulated bank accounts, nor is there information regarding the segregation of client funds from the broker’s own assets. Additionally, the broker does not participate in any investor compensation funds or insurance schemes.
A4: Users have reported mixed experiences with withdrawals at ABI Commodity Futures, with common complaints focusing on delays and complications. The broker’s response to these complaints appears to be variable, with some users indicating slow response times.
A5: ABI Commodity Futures offers 24/7 customer service. You can contact them via phone at +62 021 – 5761461 or through email at info@abi-commodity.co.id.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.