Fake AvaTrade

Note: Fake AvaTrade is to operate via the website - https://forexavatrade.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Fake AvaTrade, a trading name of AvaTrade Corporation, is allegedly a financial services company registered in Australia that claims to provide its clients with leverage up to 1:100 on the MT4 trading platform. Here is the home page of this brokers official site:

As for regulation, it has been verified that Fake AvaTrade currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.26/10. Please be aware of the risk.

Leverage

Fake AvaTrade says to offer the leverage capped at 1:100. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform Available

Fake AvaTrade has no trading software whatsoever. However, there is a download MT4 link, but what we got was nowhere near MetaTrader. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

Fake AvaTrade says to accept payments with China Union Pay, as well as bank wire transfers.

Customer Support

Fake AvaTrade‘s customer support can be reached by telephone: +61 401963259, email: 1041896166@qq.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.

Pros & Cons

Frequently Asked Questions (FAQs)