According to the company’s T&Cs, this firm is operated by JPS Labs LLC, which is allegedly located in the United Kingdom. Sadly, the exact address has not been revealed.
That’s already a hint the company is hiding something. But once you start opening this Pandora’s box, you will be shocked. We advise you to carefully read this Abyss World Asset review if you want your funds protected.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings from: | FCA |
| Registered in: | UK (allegedly) |
| Operating since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $250 |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies, forex, commodities, shares, indices |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Since the company is clearly misleading traders about FCA and CySEC regulations, withdrawal problems are inevitable. Therefore, we suggest you find out what are your refund options as soon as possible. For a free first consultation feel free to contact our refund experts. |
Legal info: Is Abyss World Asset Legit or a Scam?
Abyss World Asset claims to have CySEC and FCA as partners. However, these authorities strictly regulate financial activities, and it’s hardly possible for these to be partners. Anyway, if the company was truly regulated by these two institutions, we would gladly recommend them. Unfortunately, they are not.
Not only that, but the FCA has published a warning against this firm. Another issue is that the company claims to have been registered with the FCA since 2016 and CySEC since 2022. On the other hand, their domain age shows a different story.
Who are Abyss World Asset’s Victims?
With four months in the business, it’s very easy to build credibility. You just have to operate genuinely without scamming anyone. But for this scam broker, that was a hard task. Somehow, the company managed to spread all over Europe very quickly.
Most of their victims come from:
- Germany
- Latvia
- Lithuania
- United Kingdom
- Italy
If you come from any of these, make sure to leave a review in the comments below and contact us for refund options. This company is definitely not offering you services with authorization. But to learn how to avoid that, check our Exton Global review.
Traders Reviews
If you see a broker with almost 40% of negative reviews, there must be something wrong. That’s exactly the case with Abyss World Asset reviews on Trustpilot.
As can be seen, the company is using a wide range of tactics to manipulate its clients. Some of those even include fictive fees the company can make up at any time. If you’ve paid any, contact our chargeback team for advice about the next step.
Leverage, Commissions, Spreads, Fees and Taxes
One way the company tries to look legitimate is by offering an available leverage of 1:30, which is the maximum that top-tier regulated firms can offer. However, that’s available leverage and not the maximum available. So, if you get any higher than that, close your account immediately.
The Abyss World Asset broker offers quite low spreads, starting from 0 pips for some accounts and acceptable commissions of $3.5 per lot per side. But if they charge you nonsense fees when you want to withdraw the funds, these small costs don’t matter after all.
Bonuses
Generally speaking, scam companies also use bonuses to manipulate their traders. Primarily by limiting their withdrawal options to the minimum trading volume required for it. Anyway, this company has no transparent indications about bonus offers. If you get any, be careful.
Abyss World Asset Trading Features
With all the awards the company presents us with, you would expect some spaceship of a platform to be available. Not only that, but numerous advanced features and strategies to be allowed.
Sadly, out of dozens of options, only EAs are apparently available. But with all the lies about regulations, it’s hard to trust Abyss World Asset trading company.
Trading Platforms Available
If the company was truly licensed by FCA or CySEC, it would definitely obtain a license for MetaTrader or cTrader. Yet, they didn’t.
Instead, you can use their poorly designed WebTrader, which is only optimized for manipulation. Yes, that’s exactly how the agents make it look like traders are making profits.
Available Trading Assets
Even though the Abyss World Asset Forex company offers more than 3500 assets, that doesn’t mean they are legit. The warning from the FCA proves that.
Anyway, if you want access to the assets this company offers, simply look for any top-tier licensed firm. All categories available are:
- Forex – EUR/NOK, USD/HUF
- Indices – CAC40, ASX200
- Commodities – aluminium, palladium
- Shares – Microsoft, Tesla
- Cryptos – ETH, LTC
Account Types
Important to realize is that the Abyss World Asset scam broker also has a tactic through account types to manipulate clients. They would limit accessibility to instruments to make traders deposit more money. In return, they would get more assets, but also some fictional support and educational features.
Anyway, all options are:
- Standard – $250
- Professional – $2.500
- Premium – $5.000
Mobile Trading App
Generally, we can’t expect trusted mobile apps without proprietary or third-party software. And that’s exactly what this brokerage expects. After all, they show you they don’t want to invest in technology. Why would they if they plan to disappear soon?
Demo Account
Another way to keep traders running away from them is to hide their trading platform and fees. That’s why, after all, a demo account is not an option with the broker. On the other hand, traders will have a 1-week trial if they deposit $250.
Education
Even though the company shows some education options are available, these are only accessible to registered users. If that’s what this company wants to hide, that’s a cherry on top. If you didn’t see enough reasons to avoid them, there you go.
But also, to avoid other types of tricks, read our TradeBetta review as well.
Abyss World Asset Withdrawal
According to the company, the Abyss World Asset withdrawal is usually processed within 24 hours. Of course, they won’t charge traders any fees there. Or maybe they will. After all, without regulation, they can do anything they want.
Anyway, some traders reported unexpected payment requests. For instance, the company was charging for some mistakes made during the withdrawal process. If that’s something that should be charged, you better stay away from the company requiring that.
Customer Support
Even though the company claims the support is available 24/7 in 16 languages, we highly doubt that. Traders who requested big withdrawals can most likely confirm that. All the contact options available are phone, e-mail, and web-contact forms.
Key Information To Consider About Abyss World Asset
Due to missing Abyss World Asset regulation, there are too many obstacles traders should prepare for. Starting with manipulative platforms, changes in trading conditions, and withdrawal issues. But if any of these problems occur, you can simply book an appointment with our refund experts and find out what to do next.
Some solutions might be simpler than you think. Send us a message right away and get your consultation completely free today!
FAQ Section
What is Abyss World Asset?
After this Abyss WA review, you certainly have clues this company is a fake investment firm that has been operating without any credibility mostly in Europe.
Is Abyss World Asset Regulated?
Absolutely not. The company is misleading traders to have FCA and CySEC regulations. Instead, they only have a warning from the FCA.
Can I Trust Abyss World Asset With My Money?
Definitely not. If you did, we recommend you start the refund process immediately. For step-by-step guidance, you can contact our refund experts anytime and book a consultation.
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