Score

1.45 /10
Danger

FAKE AVATRADE

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 2

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.57

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

AVA Trade Ltd

Company Abbreviation

FAKE AVATRADE

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
FAKE AVATRADE · Company summary

General Information & Regulation

This Fake AvaTrade is registered in China. It has been verified that this broker currently has no valid regulatory, pls be aware of the risk!

Market Instruments

Since this Fake AvaTrades official website cannot be opened, we have no idea what tradable financial instruments are offered on its website.

Negative Reviews

This Fake AvaTrade is a fully scam. A victim from Malaysia exposed that he has been cheated by this broker and all his money has gone. Some other traders who know little about this broker are also scammed by it, with their deposit never coming back. Any traders who want to get involved in forex trading must avoid this broker in case of heavy fund losses.

User Reviews

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User comment

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Comments

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简简单单70815
more than one year
A fake broker claims that it offers low spreads and can make you become rich easily. Ridiculous! This illegal broker is just another scammer, no address, no contact information, no regulation…
A fake broker claims that it offers low spreads and can make you become rich easily. Ridiculous! This illegal broker is just another scammer, no address, no contact information, no regulation…
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2023-03-17 18:08
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胡佩禎
more than one year
There are many companies in the Forex industry who will pretend to be an affiliate or another website of a well-known broker to use its reputation to gain clients for themselves. Such companies often use cloned websites and regulatory licenses to convince customers that it is a reliable company. This so-called Avatrade is one of them.
There are many companies in the Forex industry who will pretend to be an affiliate or another website of a well-known broker to use its reputation to gain clients for themselves. Such companies often use cloned websites and regulatory licenses to convince customers that it is a reliable company. This so-called Avatrade is one of them.
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2023-03-16 16:23
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