AVA Trade Forex Broker

Note: AVA Trade's official website: https://www.en-avatrade.com/ is currently inaccessible normally.AVA Trade Information Founded in 2008, AVA Trade Company Limited is an unregulated brokerage company registered in The Virgin Islands. The company offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for trading.Is AVA Trade Legit？ Financial Sector Conduct Authority (FSCA) Current StatusUnauthorized Regulated byAustralia and South Africa License TypeMarket Making(MM) and Retail Forex License License No.406684 Licensed InstitutionAVA CAPITAL MARKETS AUSTRALIA C Financial Sector Conduct Authority (FSCA) Current StatusUnauthorized Regulated byAustralia and South Africa License TypeMarket Making(MM) and Retail Forex License License No.45984 Licensed InstitutionWEWORK, Ground Floor, 320 Pitt Street SYDNEY NSW 2000NESLON MANDELA SQUARE, OFFICE TOWERS WES SANDTON JOHANNESBURG AVA Trade said its regulation by the Financial Sector Conduct Authority (FSCA) and Financial Sector Conduct Authority (FSCA). However, according to the FSCA and FSCA, AVA Trade's current status is “Suspicious Clone.” It is necessary to be prudent when dealing with AVA Trade. It's also necessary to do thorough research and ask for professional advice, which is important for protecting your funds.Downsides of AVA Trade Unavailable Website AVA Trade's official website is currently inaccessible, which makes traders worry about the safety of funds. Lack of Transparency There is a noteworthy lack of information about AVA Trade available online. This lack of transparency makes it difficult for investors to make wise decisions. Regulatory Concerns AVA Trade is not regulated. It's necessary to do thorough research and ask for professional advice, which is important for protecting your funds. Withdrawal Difficulty According to a report on WikiFX, a user was having significant difficulties with withdrawing funds. Although the request was put on hold for over a week, the issue has not been resolved.Negative AVA Trade Reviews on WikiFX On WikiFX, “Exposure” is posted as a word of mouth received from users. Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter. As of now, there are three pieces of AVA Trade exposure in total. I will introduce 2 of them. Exposure1. Cannot withdraw ClassificationUnable to Withdraw Date2024-04-10 Post CountryHong Kong, China The user said that he was unable to withdraw. You may visit: https://www.wikifx.com/en/comments/detail/202404103172906322.html Exposure 2. Cannot withdraw ClassificationUnable to Withdraw Date2023-12-17 Post CountryHong Kong, China The user said that the customer service threatens you and tells you that the account was first provided, but now its a showdown and no money will be withdrawn.You may visit: https://www.wikifx.com/en/comments/detail/202312175742692764.htmlConclusion Although AVA Trade offers MT4 and MT5 platforms, it is a high-risk choice for traders because of the lack of effective regulation and transparency. Also the company's website is currently unavailable. Until AVA Trade provides enough evidence of legitimate regulation and resolve these issues, it is strongly recommended to avoid this broker to choose a regulated broker with a good track record.