Is ABC Group Regulated?

https://abcfx.group/

ABC Group is not a licensed or regulated broker even though it states offers that look good to be true. ABC Group claims to be owned by ABC Group Ltd, a company registered with St. Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number: 23920 IBC 2017. 

We indeed find a match result to the registration number in SVG FSA, but the number belongs to a company named "INVESCO LTD" instead of "ABC Group Ltd". Besides, SVG FSA is not a regulatory body that issues license for forex trading or regulates entities engaging in forex services.

More importantly, the Portuguese Securities Market Commission (CMVM) issued a warning that ABC Group is not authorized to carry out any type of financial intermediation activity. You can check the full warning from here.

The truth is, ABC Group is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like ABC Group and trade with licensed brokers.