AdrabaFX (Adrabafx.com) is an awful CFDs and Forex scam platform stealing from unsuspecting online investors. Adraba FX is purporting to be the best currency pair trading provider the market has ever seen. This broker claims to give traders the confidence needed in Forex trading thanks to their innovative platform. After receiving hundreds of email complaints, we decided to investigate. Read this detailed and eye-opening ADRABAFX review and get the truth.
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What we found shocking with this broker is their direct approach in stealing funds. This broker will promise investors heaven only to deliver hell. And this is why you need to read this entire review and find out the dirty tricks used. Most scammers create a compelling website which entices users to sign up. With insane and over the moon claims, unsuspecting investors jump in without a second thought. Don’t be another victim and read this entire review for more details.
These scammers have created a website which is impressive at first glance. Being Forex trading experts, we have a knack of spotting scams a mile away. With Adraba FX, don’t let your eyes fool you; there’s more than meets the eye. These scammers simply want to pocket your money by selling empty claims and promises. Claims of providing users with highest volume market in the world are unfounded. This review will expose the dirty tricks used by these scammers to steal from unsuspecting online investors.
These scam artists claim to be located in Cyprus for a reason. Disclaimer at the footer of the homepage states this broker is owned by Forex Financial services. They also claim this broker is owned by Cypriot Investment firm, which is it? This is why dealing with this broker is a dangerous affair as no one knows the actual owner. These scam artists are hiding behind the names of these companies to conceal their identities.
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Who are the people running this entire website? Is AdrabaFX being run by a professional trader or IT expert? Why have they failed to mention the names of people behind this trading platform? For all we know, this broker could be based offshore which is even more troublesome. Trusting AdrabaFX is going to be hard, they smell of scam. Anonymity is a dangerous partner to associate yourself with.
After doing a thorough research, we have conclusive evidence AdrabaFX is not licensed by any regulatory body. Looking at the disclaimer at the footer of their homepage, they claim to be registered by CySEC. A closer look reveals this broker fails to issue their licensing number. They omit this section for a reason, lack of licensing details. CySEC is a professional and above board institution, they always provide a licensing number. This is proof we are dealing with a hoax.
Why have they omitted their licensing number? This is because they have no valid certificates to prove registration. A legitimate broker will always post copies of their registration certificate for all to see. Adraba FX is conducting Forex business in an unauthorized manner which is dangerous for anyone depositing funds. No one is safe from a broker who fails to openly reveal their licensing details.
Another disturbing feature we noticed with this broker is how they have managed to rig their demo account. What these scammers have done is ensure the demo account produces fake results. In most cases, this demo account will produce over 97% successful trades. With such high success rates, users will want to try out with a real account.
After opening a real account, things start getting messy and results are nowhere near the above threshold. As it turns out, this broker is in league with other rogue brokers to share the spoils. They will give false information to users making them place wrong trades. This is why no one should open an account with this lame broker. All what Adraba FX wants is to steal your funds within no time. Stay away!
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These scammers are using Sirix as their preferred tool of trade. In order to test how well their Sirix platform works, we decided to download it. And this is where we faced another huge hurdle with Adraba FX. Their Sirix trading platform could not complete download on our desktop and mobile devices. This is proof we are dealing with an unstable platform which lacks proper security features. An unstable platform is bad news for any investor who signs up with one.
Unstable platforms have one big flaw; they are not properly secured or protected. Hackers can easily gain access to them and steal personal files. In most cases, hackers go for credit card information as well as identity files. This is why dealing with AdrabaFX is risky and leaves users open to security threats. Imagine having to check your bank balance and find its zero? These scammers will use credit card details to buy goods and services online with your card.
When it comes to security of funds, Adraba FX does not in any way guarantee this. Looking at their website alone tells you your safety is not their concern. How can this be the case when their website is not SSL encrypted? Why have these scammers failed to give users a proper banking contract? How do they handle funds deposited in their accounts? Is it possible users are depositing funds straight to owner’s personal bank account? This is why AdrabaFX is a scam.
When it comes to segregation of accounts, this scammer is not following set rules. This means AdrabaFX is pooling all funds deposited in one single account; this is very dangerous and risky. Make sure to stay away from any broker who does not follow set industry rules. In case Adraba FX faces bankruptcy, users will lose all their deposits. This broker does not participate in a compensatory scheme.
AdrabaFX is a rotten scam which must be exposed by all parties. Starting from the top officials to the people running this website, this is a professional scam outfit. Evidence shows we are dealing with an anonymous broker who does not have any remorse at all. They will steal your funds without a second thought. Make sure to stay away from this broker and any other broker who shares the same characteristics.
In order to completely stay away from this broker, users need to mark all their emails as Spam. Anyone who signs up with this broker will surely lose their funds and identity.
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Lastly, wishing all investors a safe trading experience.
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