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Caution Investors Mabcredit.com – This entity is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services license or Australian credit license from ASIC and is not authorized by a licensee.
Overview of mabcredit.com:
Mabcredit.com is a website that claims to offer online trading and investment services, such as forex, stocks, commodities, indices, and cryptocurrencies. However, the website does not provide any information about the company’s registration number, address, or contact details.
Regulation and Compliance of mabcredit.com:
Mabcredit.com is not regulated or licensed by any reputable financial authority. The website does not display any logos or certificates of regulatory bodies, such as ASIC, FCA, CySEC, or NFA. Moreover, ASIC has issued a warning against mabcredit.com, stating that it is likely to be offering financial services to Australian consumers without holding an Australian financial services license or Australian credit license from ASIC, and without being authorized by a licensee. This means that mabcredit.com is operating illegally and may be involved in fraudulent or scam activities.
Customer Reviews of mabcredit.com:
Mabcredit.com has very few customer reviews online, and most of them are negative. Customers have complained about various issues with mabcredit.com, such as difficulty in withdrawing funds, poor customer service, hidden fees and charges, false promises of high returns, manipulation of trading results, and account closure without explanation. Some customers have also reported that they have lost their money to mabcredit.com and have not been able to recover it.
Products and Services Offered By mabcredit.com:
Mabcredit.com claims to offer a variety of products and services to its customers, such as:
– A web-based trading platform that supports multiple assets and instruments
– A mobile app that allows trading on the go
– A demo account that provides $10,000 of virtual funds for practice
– A range of account types with different features and benefits
– A minimum deposit of $250 to start trading
– A leverage of up to 1:400 for forex trading
– A commission-free trading environment with low spreads
– A 24/7 customer support service via phone, email, and live chat
However, these claims are not verified or backed by any evidence. Mabcredit.com does not provide any details about its trading platform, such as its name, provider, security, or functionality. The website also does not disclose any information about its trading conditions, such as the spreads, commissions, fees, swaps, margin requirements, or execution policies. Furthermore, the website does not offer any educational or analytical resources for its customers, such as market news, analysis, signals, indicators, or tools.
Location of mabcredit.com:
Mabcredit.com does not reveal its physical location or address on its website. However, this is a very common tactic used by unregulated and scam brokers to avoid legal responsibility and accountability. St. Vincent and the Grenadines is an offshore jurisdiction that does not have any strict rules or regulations for financial entities. Therefore, registering a company there does not mean that it is legitimate or trustworthy.
Customer Service Provided By mabcredit.com:
Mabcredit.com claims to provide a 24/7 customer support service via phone, email, and live chat. However, this claim is not true or reliable. Many customers have reported that they have experienced poor customer service from mabcredit.com. They have said that the phone number provided on the website is either invalid or unreachable. The email address provided on the website is also unresponsive or delayed. The live chat feature on the website is often offline or unavailable. Even when customers manage to contact the customer service team of mabcredit.com,
they receive unsatisfactory or rude answers.
Defensive Measures Against Fraudulent Brokers:
Mabcredit.com is a clear example of a fraudulent broker that should be avoided at all costs. However,
many other similar websites may try to lure unsuspecting customers with false claims and promises. Therefore,
it is important to take some defensive measures against fraudulent brokers,
– Checking the regulatory status of the broker before signing up
– Reading the terms and conditions of the broker carefully
– Researching the reputation and reviews of the broker online
– Testing the trading platform and customer service of the broker with a demo account
– Using only secure and reputable payment methods for deposits and withdrawals
– Keeping records of all transactions and communications with the broker
– Reporting any suspicious or illegal activities to the relevant authorities
Mabcredit.com is a scam website that is not regulated or licensed by ASIC or any other financial authority. It is likely to be offering financial services to Australian consumers without holding an Australian financial services license or Australian credit license from ASIC, and without being authorized by a licensee. It has received many negative customer reviews and complaints and has been involved in various fraudulent or scam activities. It does not provide any information or transparency about its products, services, location, or customer service. It is highly recommended to stay away from mabcredit.com and any other similar websites that may try to deceive or harm customers.