Mabcredit.com Review

Mabcredit

Warning Investors Mabcredit.com – This entity is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services license or Australian credit license from ASIC and is not authorized by a licensee.

Introduction To:

Mabcredit.com is a website that claims to offer online trading services in various financial instruments, such as forex, stocks, commodities, and cryptocurrencies. The website also claims to provide educational resources, market analysis, and trading tools for its clients. However, the Australian Securities and Investments Commission (ASIC) has issued a warning that mabcredit.com is not licensed or authorised to offer financial services in Australia.

Regulation and Compliance Of:

According to the ASIC warning, mabcredit.com does not hold an Australian financial services licence (AFSL) or an Australian credit licence (ACL) from ASIC. This means that the entity is not regulated by ASIC and does not comply with the Australian laws and standards that protect consumers from fraud, misconduct, and unfair practices. Furthermore, the entity is not authorised by any AFSL or ACL holder to provide financial services on their behalf.

Customer Support Offered:

The website of mabcredit.com provides a contact form, an email address, and a phone number for customer support. However, there is no physical address or company name provided on the website. This raises doubts about the legitimacy and transparency of the entity. Moreover, there is no guarantee that the customer support offered by mabcredit.com is reliable, responsive, or professional.

Customer Reviews Of:

A quick online search reveals that there are very few customer reviews of mabcredit.com available on the internet. The few reviews that exist are mostly negative and complain about issues such as poor service, withdrawal problems, account closure, and loss of money. Some reviews even accuse mabcredit.com of being a scam and warn others to stay away from it.

Measures to Avoid Fraud Brokerages:

If you are looking for a trustworthy and reputable online broker, you should always do your research before investing your money. Here are some measures you can take to avoid fraud brokerages:

– Check the ASIC website for a list of licensed and authorised entities that offer financial services in Australia.

– Verify the entity’s licence number, company name, address, and contact details on the ASIC website or on the entity’s own website.

– Read customer reviews and feedback from independent sources and platforms.

– Beware of unrealistic or exaggerated claims, such as high returns, low risks, or free bonuses.

– Never share your personal or financial information with anyone you do not know or trust.

– Report any suspicious or fraudulent activity to ASIC or other relevant authorities.

Conclusion:

Mabcredit.com is a website that claims to offer online trading services in various financial instruments. However, ASIC warns that this entity is likely to be offering financial services to Australian consumers without a licence or authorisation. This means that the entity is not regulated by ASIC and does not comply with the Australian laws and standards that protect consumers from fraud, misconduct, and unfair practices. Therefore, we advise you to avoid investing with mabcredit.com and look for a licensed and authorised online broker instead.


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