A victim lost a large amount in a fraudulent investment scheme involving the Abnas Global (abnasglobal.com) platform. The scam involved transferring money through Kraken to Coinbase Wallet and Abnas Global.

Despite showing large profits, the account was frozen, and a deposit of 20% of the account balance was demanded to unfreeze it.

Beware of transferring funds to unverified platforms, and be cautious of online relationships promoting investments.

Stay vigilant and verify all investment platforms with trusted financial authorities.

Abnas Global

Domain Analysis

Abnas Global is a fraudulent investment platform designed to deceive unsuspecting investors. The domain abnasglobal.com was registered on April 24, 2024, through MAT BAO CORPORATION and will expire on April 24, 2025. It is protected by Whoisprotection.cc, with the registrant’s contact details hidden under a privacy protection service based in Kuala Lumpur, Malaysia.

The domain is hosted by Cloudflare, Inc., with servers in Toronto, Canada, under the IP address 104.21.19.89. Despite the sophisticated setup, including name servers hal.ns.cloudflare.com and val.ns.cloudflare.com, the platform’s true nature is fraudulent, confirmed by the CSSF’s warning about its scam activities.

The WHOIS database’s registrant and administrative contact information reveals that all contact details, including phone numbers and email addresses, are tied to the privacy protection service, making it difficult to trace the real operators behind the scam. This level of anonymity is a red flag, as legitimate businesses typically provide transparent contact information.

Abnasglobal.com Review

Abnas Global presents itself as a top-tier Forex and CFD broker, claiming numerous accolades and industry recognition. The website highlights their position as the “#1 Forex Broker in Asia” and a “55+ Global Award Winner,” with additional assertions of being the best Forex broker, backed by awards from entities such as the ADVFN International Financial Awards. The platform appears highly professional, featuring endorsements, awards, and a user-friendly interface that showcases trading opportunities in various financial instruments, including Forex, cryptocurrency, commodities, and indices.

Abnasglobal.com emphasizes several features aimed at building trust with potential investors. These include negative balance protection, regulatory claims from entities such as the FCA, SCB, and CSSF, and strengthened capital insurance purportedly covering client funds up to $1,000,000. Abnas Global also claims over 20 years of outstanding achievements and a broad client base with over 800,000 traders. The platform boasts 24/5 customer support in 14 languages, high-quality service, and robust security measures.

The website provides contact details, including various international addresses:

• UK: The Loom, 25 14 Gower’s Walk, London, E1 8PY
• Luxembourg: 5 Place Robert Schuman, 5340, Kehlen, Luxembourg
  Bahamas: Kemp Point, 6582 Maple Mews
• Bulgaria: 28 General Todorov Street, Blagoevgrad, 2700, Blagoevgrad, Bulgaria
• Portugal: oelas 16779 Avenida Elias Garcia
• Brazil: Pinacchio Pra?a Core?a Leme 832
• Italy: Catania Sicily Piazza Papa Giovanni XXIII, 61
• USA: 362 South St, New York, NY 10002

The site lists various regulatory bodies it claims to be authorized by, including the UK Financial Conduct Authority (FCA), the Bahamas Securities Commission (SCB), and the CSSF in Luxembourg. It mentions auditing by PricewaterhouseCoopers (PwC) and provides a professional layout with details on trading instruments, educational resources, market analyses, and customer testimonials.

Red Flags

Despite the professional appearance and detailed claims, several red flags indicate Abnasglobal.com may be a scam:

1. Overemphasis on Awards and Endorsements: The site heavily focuses on its awards and recognition, which can often be fabricated to build false credibility.
2. Privacy-Protected Domain Registration: The WHOIS information shows that the domain registration is protected by Whoisprotection.cc, making it difficult to trace the real operators behind the site.
3. Recent Domain Registration: The domain was registered only recently, on April 24, 2024, which is inconsistent with the claimed 20+ years of experience.
4. Inconsistent Regulatory Claims: While the site claims to be regulated by multiple prestigious bodies, the ease with which these claims can be verified or falsified raises concerns, especially since some regulatory bodies have issued warnings about Abnas Global.
5. High-Pressure Tactics: The requirement for large additional deposits to unfreeze accounts is a classic scam technique to extract more money from victims.
6. Customer Testimonials: The testimonials and reviews seem overly positive and generic, which is common in fraudulent schemes to lure more victims.
7. Lack of Transparent Contact Information: While the site lists many addresses, no verifiable phone number or email links directly to regulatory bodies or legitimate business operations.
8. Contradictory Information: Claims of regulation by multiple jurisdictions simultaneously are often a tactic used to create a facade of legitimacy that can be easily checked for authenticity.

Abnas Global Reviews

Several reviews and reports provide critical insights into Abnas Global:

• ScamAdviser: The website is flagged as having a very low trust score, indicating high risk and potential scam activities.
• BrokersView: Abnas Global is not a legitimate broker. “The impression of compliance stems from its unethical practice of mirroring the website of a licensed forex brand, ActivTrades. We have communicated with ActivTrades and confirmed that Abnas Global is not affiliated with it. Additionally, the Commission de Surveillance du Secteur Financier (CSSF) has issued a warning against Abnas Global, advising investors to steer clear of the suspicious website that falsely claims to be under their jurisdiction.”
• Scam Detector: The platform gives Abnas Global one of the absolute lowest trust scores: 6.2.
• Scamdoc: Similar findings indicate a very low trust score of 1%.

CSSF Warning Regarding Abnas Global

The Commission de Surveillance du Secteur Financier (CSSF) has issued a warning concerning the website abnasglobal.com, operated by Abnas Global. The alleged registered office is at 5 Place Robert Schuman, 8340 Kehlen, Luxembourg. However, the CSSF confirms that Abnas Global has no authorization to provide investment or financial services in or from Luxembourg and is not supervised by the CSSF.

Contact Information Used by Abnas Global:

• Website: www.abnasglobal.com
• Email Address: abnasglobal@superofit.com
• Phone Number: +44 7386753032

The CSSF strongly advises investors to avoid dealings with Abnas Global due to its illicit activities and lack of regulatory oversight.

The Bottom Line Regarding Abnasglobal.com

In light of the evidence gathered it is clear that Abnas Global is not the reputable Forex and CFD broker it purports to be. Despite its polished and professional facade, multiple independent reviews and regulatory warnings have exposed the platform’s deceptive nature. The overwhelming consensus from credible sources such as ScamAdviser, BrokersView, and Scam Detector, along with official alerts from the CSSF, strongly indicates that Abnas Global is a sophisticated scam.

The platform’s reliance on fabricated credentials, unverified regulatory claims, and high-pressure tactics to extract additional funds from victims underscore its fraudulent intentions. The recent domain registration and use of privacy protection services further reinforce the likelihood of malicious activities to shield the true perpetrators from accountability.

The consistency and severity of the warnings against this platform cannot be ignored. In online trading, due diligence is paramount, and the red flags associated with Abnas Global serve as a stark reminder to thoroughly vet any platform before entrusting it with your hard-earned money. Given the substantial evidence against it, Abnasglobal.com should be avoided to safeguard against significant financial loss and emotional distress.