This review provides valid reasons as to why Ablytrade.com is considered a scam. The site was set up in June 2019 but they are claiming that their business was founded 2 years ago. They claim that Ablytrade market analysts are experienced in trading Forex instruments. None of them have been introduced on the website of Ablytrade.com.
The site Ablytrade is affiliated with a number of rogue Crypto exchanges which they use to steal more Bitcoin from the naive group of investors.
These so-called exchanges are either owned or affiliated with Ablytrade scam:
The reason that this scam is working in tandem with the above rogue exchanges is because they are only accepting deposits in Bitcoin, PerfectMoney and Payeer.
The above payment methods are highly unreliable and risky because if you accept to deposit funds into the Ablytrade platform using these methods, there will be no chance to retrieve your money in the event that this scam takes away your money.
According to the certificate of registration posted on the site, this scam is registered under the name Ablytrade Investment Group.
The date of registration is 13th of May 2017 which is obviously a lie because there’s no way they could have created a company without a website.
The company is allegedly based in Victoria, Seychelles. Ownership information is not known. Ablytrade masquarades as a managed Forex account provider but in the real sense, this is a hyip.
A hyip is a high yield investment program that promises to make people rich overnight. These kinds of programs take your money and run away. They never pay the alleged profits and if you ask them why, you will never get a response because they are basically scams.
Ablytrade review – how it works
This is a different thing and that means its procedures are far away from those of a managed Forex account. With a legit Forex managed account service, there is broker involved and the broker is never affiliated with the providers of the Forex fund.
The Forex fund earns a commission when an investor’s funds are traded on the broker’s platform. If there is no profit, the trader won’t earn plus the investor has the rights to take out their money at any time since they are not obliged to stick with the investment program.
With Ablytrade scam, all deposits go into the pockets of the scammers directly as there’s no broker involved. Once that happens, an investor is in the mercies of the crooks who run this website.
Another thing to note is that Ably Trade is locking funds in the name of an investment period. The investor is not supposed to withdraw his money until this period expires.
This is how scams operate on the internet.
Don’t try investing with a scam like Ablytrade because you will clearly lose your money. They are aggressively advertising the service on Google but that does not mean that Google endorsed them. At the end of the day, Google takes advertising revenue from both honest advertisers and crooks alike.
It’s now up to you to decide. This managed Forex account will help you make money as there’s 100% transparency. Funds are held at a segregated bank account with a regulated broker.