ABM Trades Scam
- Nathan Reclaim LLC
ABM Trades presents itself as an international trading company and provide option to trade Forex, Indices, Stock, Cryptocurrencies, Commodities etc. In their website they are claiming over $7 billion annual turnover, which is a vague claim itself.
According to its website, it claims regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and European Securities and Markets Authority (ESMA). Upon investigation, no matching information was found in the CySEC and ESMA.
On the contrary the Financial Conduct Authority (FCA) issued a warning against ABM Trades, believing this company might be providing financial services or products without proper authorization in the UK. On September 19, 2024, the Financial Conduct Authority (FCA) issued a warning against ABM Trades stating that “This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.”
In essence, ABM Trades is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds.
Another important aspect is that in their website (abmtrades.com) they are claiming to be a UK based company yet their domain is registered with false USA details. Recently we got several reports of their scam and throughout our investigation we also found online user reviews from verified and authentic sources shows several warning signs, suggesting potential scams.
After Analyzing recent cases and all the facts we have come to conclusions that ABM Trades poses a significant risk to investors funds. We at Nathan Reclaim LLC categorizes ABM Trades as a “Scam” Company.
We highly recommend our clients and everyone to choose brokers with proper regulation & transparency to keep themselves safe from potential financial losses.
Frequently Asked Questions (FAQs)
This warnings issued because its Lited as Fraud/Scam/Potential Scam by UK’s Financial Conduct Authority (FCA) or other reputable regulators to provide financial services, and warnings have been issued about its activities.
No, this entity operates entirely outside of legal financial oversight. It is neither licensed nor authorized by the UK’s Financial Conduct Authority (FCA) or any other recognized, reputable regulatory body to provide financial services. Furthermore, official warnings have been actively issued to the public regarding their illicit business practices.
We strongly advise you to immediately cease all communication with this company. Be particularly cautious if they demand additional payments under the guise of taxes, withdrawal fees, or other unexpected administrative charges. These are classic tactics employed by fraudulent operations designed to extract even more of your money. The experts at Nathan Reclaim LLC are available to guide you through these deceptive practices and clearly explain the secure process for moving forward.
Recovering your lost funds may still be a viable option, though success often depends heavily on the specific payment method you originally used. The experts at Nathan Reclaim LLC will thoroughly evaluate your case and clearly explain the entire recovery strategy. To ensure your peace of mind, we operate strictly on a no-win, no-fee basis, meaning you face zero upfront financial risk while we work to retrieve your assets.
Most recovery operations are successfully resolved within a 6 to 12-month window. However, please keep in mind that your specific timeline may vary depending on the severity of the scam and the internal procedures of the banking institutions involved.
