Reliable Ways to Avoid Fraud in Trading
People lacking sufficient financial knowledge often fall victim to scam brokers who cleverly exploit their ambitions. To avoid falling into ACB Service (Asset Capital Business Inc.) trap, carefully choose a broker and refrain from rushing into deposits. Making informed decisions based on reviews and independent assessments is crucial.
ACB Service Activities Overview
The Asset Capital Business website is in English, posing challenges for Russian clients. The lack of translation may be a deliberate move aimed at confusing users. While the company claims honesty, negative reviews suggest otherwise.
ACB Service has been providing brokerage services since 2015, according to official information. However, there is information about the acbservice.com domain being sold multiple years in a row. The website update in May 2020 could be an attempt to boost credibility.
ACB Service Legal Status
The company lists an address in the Marshall Islands but lacks documents confirming its registration there. The absence of withdrawal guarantees and licenses heightens risks for traders. In Russia, ACB Service lacks the Central Bank license.
Trading Conditions in ACB Service
- There is only one trading account, requiring a minimum deposit of $300.
- A high leverage of up to 1000x is claimed, indicating possible fraudulent activity.
Reviews mentioning the inability to withdraw funds underscore the risks associated with collaborating with this platform.
ACB Service Activity Reviews
User reviews highlight deposit draining, extortion, and deceit by the company. Scammers employ aggressive advertising and phone scams to lure in newcomers. Users’ financial losses with no chance of recovery remain a concern, as chargebacks do not guarantee fund retrieval.
Conclusions on ACB Service
Despite ACB Service’s attempts to present itself as a trustworthy company, it is essentially an offshore scam with empty promises. The lack of legal foundation and genuine activity makes their collaboration risky and unpredictable. Partnering with ACB Service could lead to financial losses; thus, caution and careful broker selection are advised.
I am extremely dissatisfied with the broker’s work at ACB Service, as their payment discipline is appalling and their assessment of trading opportunities is far from accurate.