Abank Ltd.’s website, abank.ee, says that it is one of the best Forex brokers in the business. This Sharashka office is doing everything it can to make a good name for itself by acting like a legal, regulated business. This scam project can make a good first impression because it has a good website, a well-thought-out story, and good reviews. Let’s find out if Abank is as perfect as it wants to seem.
Abank only targets people who speak Russian. The site for this scam only has a Russian-language version. Hermes Empire Ltd., an offshore garbage dump, owns the abank.ee domain. The site’s static IP address, which is listed as belonging to a certain Skurykin Nikolai Vladimirovich, points to Kharkiv. It looks like Ukrainian con artists were there this time too.
The site at abank.ee is not very polished. Many of the links to other sections don’t work or lead to error-filled pages that are empty. The story about the company is full of different details, but simple checks show that many of them are wrong. It’s clear that the con artists tried to make it look like what they were doing was legal, but they couldn’t remember the site or the story. It looks like the people who made the site smoked something they shouldn’t have, which is why they call their company different things in different parts of the site.
Scammers from Abank claim that the company offers a variety of benefits, but these benefits are the same ones that all scam projects use.You can’t believe thieves.
There is no question about how safe investments are. This company has been caught scamming clients and stealing their money without any morals.
Exceptional trading conditions are used as a hook. Crooks are willing to say anything to get potential victims to send them money.
The awards that were supposedly won in 2017 and 2018 are not real. The date that abank.ee will be registered is February 10, 2020.
The reviews also confirm that this scam project just started up recently. At the beginning of the summer of 2020, negative comments from users who had been tricked began to show up.
Quotes from abank.ee :
“Abank k is the trading name of Abank Ltd, regulated by the Seychelles Financial Services Authority (FSA).”
“Aban c is the trading name of Tickmill Ltd, a company regulated by the Seychelles Financial Services Authority (FSA).”
Our criminals sometimes get confused when they testify. For some strange reason, they write the name of their brand either with a “c” or with a “k.” They also say that the trade name belongs to two different companies, which isn’t true. The thieves at Abank have nothing to do with the Tickmill broker, of course. Tickmill is a legal business that has a number of important licenses in different places. But the men from Abank are used to lying, and in the section “Licenses and regulatory requirements,” there isn’t a single truthful statement. We’ll talk more about this later.
In the “Contacts” section, the thieves already say they are Abanc Ltd. and give the email address [email protected] as a way to reach them. The funny thing about the situation is that the abanc.ee domain is not taken and can be signed up for. This means that mail on this domain doesn’t work, so there’s no point in writing to the address given.
Scammers put up a bunch of phone numbers that have nothing to do with this scam in order to make their fake company look real:
Commercial line (number with the Hong Kong area code): +852 5808 3478; customer service: call +852 5127 2921 or +65 3739 0958 (both with the Hong Kong area code);
Crooks, cheats, and con artists at Abank
Office (Seychelles code): +248 111 7070. The same is true for this set of numbers. There is no such phone number in the real world.
bank scams, thieves, and con artists
Scammers from Abanc say that the office of this garbage dump is in the state of Saint Vincent and the Grenadines, but there is no phone with the code for this offshore for some reason. Instead, the thieves make fun of their customers by giving them more false information.
Legal Information and Licensing
On the abank.ee website, there is a statement at the bottom: The company Hermes Empire Ltd. uses the trade name “Abank.” This group’s headquarters are located at Office, Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines, PO Box 1510. This is the third company that is said to have some rights to the ABank brand. Our con artists must have smoked something very strong.
This address is well known to us as a place where a lot of financial scams are registered, many of which have already failed and stolen money from clients.
On the site, there are no documents that prove the swindler’s company is registered.
On the main page, there is a button that says “Certificate of Incorporation.” When the user clicks on this button, they are taken to the section where a scanned copy of the registration certificate should be. But thieves who didn’t want to be found didn’t put the document there. There are a lot of reasons to doubt that Hermes Empire Ltd. is real.
There should also be a mention of another important point. In Saint Vincent and the Grenadines, you can only register a forex company as an LLC or IBC, not as a Ltd. It looks like Hermes Empire Ltd. is another fake company that doesn’t exist.
The rules for this sharashka are an interesting thing to learn about. Fraudsters literally layered licenses on top of each other. For example, Abank says he has up to three licenses that were given to three different companies.
Quote from abank.ee :
“Abanc Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority (license number SD 100).”
The first question that comes to mind is why the Seychelles Financial Services Authority is licensing a company that is registered in a different offshore. This can’t be true in general. As expected, the official FSA website has no information about either the license with the number SD 100 or the company Abanc Ltd:
Scammers are hiding behind yet another permit, which this time is said to be from the UK Financial Conduct Authority (FCA).
Quote from abank.ee :
“Abanc UK Ltd is authorized and regulated by the UK Financial Conduct Authority (registration number: 569823).”
Now, a company called Abanc UK Ltd., not Hermes Empire Ltd., shows up as an authorized company.
The check shows that there is no information about the company Abanc UK Ltd in the FCA registry, and the license number 569823 is registered to a completely different company, the Lewisham Way Youth & Community Center.
The con artists are also holding on to a license from the Cyprus Securities and Exchange Commission (CySEC).
Quote from abank.ee :
“Abanc Europe Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission as a Cyprus Investment Firm Limited (license number 654/78).”
The authorization document (license number 654/78) was supposedly given to another fake office, this time a company called Abanc Europe Ltd.
A look at the website of the financial regulator showed that license 654/78 doesn’t exist in the real world, and neither does Abanc Europe Ltd.
What does Abank offer?
In the “Account Types” section, stoned crooks from Abank, for some reason, think they are a tickmill broker and offer clients three types of accounts:
Classic: Deposit 100 USD, MAX leverage 1:500, spread from 1.6 pips; Pro: Deposit 100 USD, MAX leverage 1:500, spread = 0, but you have to pay a commission of 2 points per lot; VIP: For premium suckers, deposit at least 50,000 USD.
Just by looking at the leverage, it’s clear that the “broker” is lying when he says he has licenses from British and Cypriot regulators, since legal companies can’t use more than 1 to 30 leverage on majors and even less on crosses.
The scam doesn’t mention liquidity providers because there are none. It’s clear that waiting for fair trade is not worth it here. We’re dealing with a shady Forex kitchen that wants its clients to lose money. Crooks will do everything they can to get rid of the accounts of traders who fall for this scam and are too stupid to realize it.
The fact that a client agreement is not easy to find is another wake-up call.
Reviews about broker ABank (abank.ee)
It’s hilarious to read good things about Abank that were supposedly written in the fall of 2019. At that time, there was no such thing as this scam.
Recently, stories from real users have started to show up, and they are not very positive. Traders say that the company is dishonest and takes their money.
Abank is another project that can’t be trusted because it is a scam. On the website of the “pseudo-broker,” there is a lot of intentionally false information about who is behind this office, and no one knows where the company is registered. We highly recommend that you stay away from these thieves.
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