About Abans Group
Company Overview
Abans Group is a financial services company based in the United Kingdom, registered on 27 July 2023. The firm operates under the domain abansfx.com and lists its registered address at 5 New Broad St, London EC2M 1NH. According to our records, the company was established in 2022 and positions itself as a provider of online trading services.
The broker targets retail traders by offering access to multiple asset classes through popular trading platforms. However, it is important to note that Abans Group currently holds no regulatory licence from any recognised financial authority, which is a critical factor for traders to consider.
Regulatory Status
Our review confirms that Abans Group is not regulated by any major financial regulator, such as the UK's Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySEC). The absence of regulation means that the broker is not subject to standard investor protection measures, including negative balance protection, compensation schemes, or mandatory segregation of client funds.
Traders should be aware that dealing with an unregulated broker carries significantly higher risk. There is no independent oversight to ensure fair trading practices or the security of deposited funds. This lack of oversight contributes to the broker's elevated scam risk score of 75/100, as assessed by FXCanary.
Trading Instruments
Abans Group states that it offers a range of trading products, including forex pairs, commodities, and cryptocurrencies. This multi-asset offering aims to provide traders with diversification opportunities within a single account. The exact number of instruments or specific contract details are not fully disclosed in the available information.
The inclusion of cryptocurrencies suggests the broker caters to traders interested in digital assets, though the absence of regulation raises questions about the pricing and execution transparency for these volatile products. Commodity CFDs, such as gold and oil, are also mentioned, appealing to those seeking exposure to traditional markets.
Account Types and Platforms
The broker advertises a minimum deposit requirement of £1000, which is relatively high compared to many retail forex brokers. A demo account is available for practice trading, allowing potential clients to test the platforms before committing funds. Commission rates are said to vary from 0% to 5% per lot, depending on the account type or trading volume.
Abans Group supports the MetaTrader 4 and MetaTrader 5 platforms, which are widely recognised in the industry for their advanced charting tools, automated trading capabilities, and customisable interfaces. This choice of platforms may appeal to both beginner and experienced traders familiar with the MT ecosystem.
Customer Support
Customer support is listed as available via phone at +44 (0)203. No email or live chat details are provided in the known facts. The phone number's UK prefix aligns with the company's registered address in London, but the lack of alternative contact methods may be a limitation for international clients.
Given the unregulated status, responsive customer service becomes even more critical for resolving any issues. Traders are advised to test the support channels before depositing funds to gauge response times and helpfulness. Without additional information, the reliability of the support team cannot be fully assessed.
Overview compiled by FXCanary from regulatory records and public data. full Abans Group review