ABSOLUTE FX TRADE

After reviewing ABSOLUTE FX TRADE, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is ABSOLUTE FX TRADE?

On the surface, ABSOLUTE FX TRADE looks like an ordinary forex and crypto broker. Its public site is presented at https://absolutefxt.com/index.html. But surface impressions are exactly what these operations rely on — the substance behind ABSOLUTE FX TRADE is where the problems begin.

Is ABSOLUTE FX TRADE regulated?

We could find no evidence that ABSOLUTE FX TRADE holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• No verifiable licence from a recognised financial regulator
• Account dashboards that show “gains” with no real market exposure
• Opaque or anonymous corporate ownership
• No credible physical address or verifiable corporate record
• Aggressive “account managers” coaching clients to deposit

Our analysis

On September 27, 2023, the Financial Conduct Authority (FCA) issued a warning against ABSOLUTE FX TRADE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/absolute-fx-trade-www-absolutefxtcom

Can you recover money lost to ABSOLUTE FX TRADE?

If you have deposited with ABSOLUTE FX TRADE, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.