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AVALON foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.avalon-wm.com/, about the company's legal and temporary regulatory information, the company's address Höfðatorg Tower 1, Reykjavík, Iceland.

AVALON Forex Broker

Basic Information

Registered Region
Iceland
Operating Period
--
Company Name
AVALON
Abbreviation
AVALON
Company employee
--
Customer Service Email Address
support@avalon-wm.com
Contact Number
+(354)539-5019
Company address
Höfðatorg Tower 1, Reykjavík, Iceland
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Note: For some unknown reason, we cannot open AVALONs official site (https://www.avalon-wm.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue. General Information & Regulation AVALON is allegedly a crypto broker registered in Iceland with leverage up to 1:100 on the web-based trading platform, as well as a choice of four different live account types. As for regulation, it has been verified that AVALON does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.20/10. Please be aware of the risk. Market Instruments From the trading software of AVALON, we learn that clients can trade with crypto-based products, indices, and commodities. Account Types AVALON claims to offer four types of trading accounts - Nano, Mega, Pro and Ultra, with minimum initial deposit requirements of $10, $25, $50 and $100 respectively. Leverage The specified leverage for different account types at AVALON varies between 1:10 and 1:100. Clients on the Nano account can experience leverage of 1:10, while the Mega, Pro and Ultra accounts have leverage of 1:30, 1:50 and 1:100 separately. 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 The platform available for trading at AVALON is said to be web-based. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5. Deposit & Withdrawal The only actual payment method with AVALON is via a BTC wallet. The minimum initial deposit requirement is said to be only $10, while there is no mention of what the minimum withdrawal amount is. Credit cards, BTC wallets, and bank transfers are withdrawal methods. However, to prevent money laundering on top of other fraudulent practices, FX regulations require the deposit and withdrawal methods to be the same. The website states that withdrawal requests take five days to process. The website also reveals that there are withdrawal processing and handling fees. Customer Support AVALONs customer support can be reached by telephone: +(354)539-5019, email: support@avalon-wm.com. Company address: Höfðatorg Tower 1, Reykjavík, Iceland. 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.

Is AVALON safe or scam

Rating Index

ULTRA

Minimum Deposit
$100

PRO

Minimum Deposit
$50

  

Avalon Forex Broker - Complete Information Guide

  

1. Broker Overview

  Avalon broker, officially known as Avalon Markets Capital Advisors Corporation, was established in 2012. The company is headquartered in London, England, specifically at 27-32 Old Jewry, London EC2R 8DQ. Avalon operates as a private financial services firm, aiming to provide a variety of trading services to clients worldwide. Its primary market focus includes retail forex trading, indices, commodities, and share CFDs, catering to both novice and experienced traders.

  Despite its relatively recent establishment, Avalon has made strides in the competitive forex market. The broker claims to offer a user-friendly trading experience, positioning itself as a trustworthy platform for online trading. However, various reviews raise concerns about its credibility and regulatory standing. Avalon operates under the premise of providing diverse financial instruments, but its legitimacy has been questioned due to its offshore status and lack of proper regulation.

  Avalon's business model primarily revolves around retail forex trading, allowing clients to access a wide range of financial instruments. The firm's emphasis on customer service and trading support is evident, as it seeks to attract a global clientele. Despite the challenges faced by newer brokers in the forex market, Avalon aims to establish itself as a reliable trading partner for investors.

  

2. Regulation and Compliance Information

  Avalon broker operates without proper regulatory oversight. It claims to be registered under the Securities and Exchange Commission (SEC) in the United States; however, this is misleading as the SEC does not regulate forex trading. Instead, forex brokers in the U.S. should be registered with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), neither of which has any affiliation with Avalon.

  A search through the Financial Conduct Authority (FCA) registry reveals that Avalon is not listed, further confirming its status as an unregulated broker. This lack of regulation poses significant risks for clients, as unregulated brokers are not bound by strict financial laws and may not provide the same level of investor protection as regulated entities.

  Avalon does not have a clear policy regarding the segregation of client funds, which is a critical aspect of investor protection. Additionally, there is no information available regarding participation in an investor compensation fund, which would typically provide some level of recourse for clients in the event of broker insolvency.

  The broker claims to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, but the absence of regulatory oversight raises questions about the effectiveness of these policies. Overall, potential clients should exercise caution and consider the risks associated with trading through an unregulated broker like Avalon.

  

3. Trading Products and Services

  Avalon broker offers a range of trading products designed to cater to various market preferences. The broker provides access to numerous forex currency pairs, including major, minor, and exotic pairs. While the exact number of currency pairs is not disclosed, the broker aims to accommodate traders looking to diversify their portfolios.

  In addition to forex trading, Avalon offers Contracts for Difference (CFDs) on various asset classes, including indices, commodities, and stocks. This diversity allows traders to engage in different markets and capitalize on various trading opportunities. The broker also provides access to cryptocurrency trading, which has gained popularity in recent years.

  Avalon's product offering is designed to appeal to both retail and institutional clients. However, the lack of transparency regarding product updates and the introduction of new instruments is a concern. Potential clients may find the absence of a detailed product catalog limiting when considering their trading options.

  The broker claims to provide educational resources and market analysis services, but specifics regarding the frequency of product updates and the availability of new trading instruments are not readily available. Traders seeking a comprehensive trading experience may find Avalons offerings lacking compared to more established brokers.

  

4. Trading Platform and Technology

  Avalon broker does not support the widely recognized MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms, which are preferred by many traders for their advanced features and user-friendly interface. Instead, Avalon appears to offer a proprietary trading platform that lacks the necessary tools for efficient forex trading.

  The broker's trading platform is described as an investment platform rather than a traditional trading terminal, which raises concerns among potential clients. The absence of essential trading features such as maximum leverage, lot sizes, and spread details further diminishes the platform's credibility.

  While the broker claims to provide a web-based trading platform, the lack of information regarding its functionality and user experience is a significant drawback. Additionally, there is no mention of mobile trading applications for iOS or Android, limiting traders' ability to manage their accounts on the go.

  Avalon also does not provide details about its execution model, whether it operates as an ECN, STP, or Market Maker. Furthermore, the location of its servers and the technical infrastructure supporting its trading platform are not disclosed, which are critical factors for ensuring optimal trading performance.

  

5. Account Types and Trading Conditions

  Avalon broker offers several account types to cater to different trading needs. However, specific details about the minimum deposit requirements, spreads, and commissions for each account type are not clearly outlined. The lack of transparency in this area raises questions about the broker's commitment to providing a fair trading environment.

  The broker appears to offer a standard account option, which typically requires a minimum deposit to start trading. However, the exact figures are not specified, making it difficult for potential clients to assess their initial investment requirements. Additionally, the absence of information regarding advanced account types, such as VIP or professional accounts, limits the options available to traders.

  Avalon does not mention the availability of demo accounts, which are essential for new traders to practice and familiarize themselves with the trading platform. The leverage offered by Avalon is also unspecified, which is a crucial aspect for traders looking to maximize their trading potential.

  The broker's overnight fees and policies regarding minimum trade sizes are not disclosed, further complicating the decision-making process for potential clients. Overall, the lack of clarity surrounding account types and trading conditions may deter traders from choosing Avalon as their preferred broker.

  

6. Fund Management

  Avalon broker supports a variety of deposit methods, including bank transfers, credit cards, and electronic wallets. However, specific details regarding the minimum deposit requirements for different account types are not provided, making it challenging for clients to plan their funding strategies.

  The processing time for deposits is not explicitly stated, which could lead to uncertainty for traders looking to fund their accounts quickly. Furthermore, any associated deposit fees are not disclosed, leaving potential clients in the dark about the total costs involved in starting their trading journey with Avalon.

  Withdrawal methods are limited, with the broker primarily using bank transfers and cryptocurrencies for fund retrieval. The processing times for withdrawals are also not clearly outlined, which could lead to frustration for clients needing timely access to their funds. Additionally, any fees associated with withdrawals are not specified, raising concerns about potential hidden costs.

  The lack of transparency in Avalons fund management policies is a significant drawback, as traders typically prefer brokers that provide clear and detailed information regarding their financial transactions. This ambiguity may deter potential clients from trusting Avalon with their trading funds.

  

7. Customer Support and Educational Resources

  Avalon broker offers customer support through various channels, including phone, email, and online chat. However, the specific hours of operation and time zone coverage are not detailed, which could lead to difficulties for clients seeking timely assistance.

  The broker claims to provide multilingual support, but the exact languages offered are not specified. This lack of clarity may pose challenges for non-English speaking clients who require assistance in their preferred language.

  In terms of educational resources, Avalon appears to offer a range of materials, including webinars, tutorials, and e-books. However, the quality and availability of these resources are not clearly stated, making it difficult for traders to assess the value of the educational support provided.

  Market analysis services, including daily updates, news, and research reports, are mentioned but lack specific details regarding their frequency and depth. Furthermore, the availability of trading tools, such as calculators and economic calendars, is not explicitly outlined, which could impact traders' decision-making processes.

  Overall, while Avalon broker claims to provide customer support and educational resources, the lack of detailed information may lead potential clients to question the effectiveness of these offerings.

  

8. Regional Coverage and Restrictions

  Avalon broker primarily serves clients in the United Kingdom and other regions worldwide. However, the specific distribution of regional offices is not disclosed, which may limit clients access to localized support.

  The broker does not clearly outline the countries or regions from which it does not accept clients, which is crucial information for potential traders. Without this information, clients may inadvertently attempt to open accounts from restricted jurisdictions, leading to complications.

  Additionally, any special restrictions or limitations on trading activities in specific regions are not mentioned, which could impact traders' ability to engage fully with the broker's offerings.

  In conclusion, while Avalon broker aims to provide a comprehensive trading experience, the lack of transparency and regulatory oversight raises significant concerns. Potential clients should carefully consider these factors before deciding to engage with Avalon broker for their trading needs.

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Latest Reviews

蓝忆。

蓝忆。

Australia

There is too little information on the website, and I can't find any information related to deposits and withdrawals! I think this is really important because on the one hand a lot of scammers thwart you when it comes to withdrawing money, and on the other hand I don't want to pay too much extra fees when depositing and withdrawing money.

Positive

2023-03-17

范志华

范志华

Hong Kong

Many forex consultants would always advise that 'forex is not for you if you don't have money'. To them, $1 000 to start with is a small amount. This amount is hard to get by many newcomers. At AVALON, you can start with as low as $1. Isn't that great? Hurray AVALON!!!

Positive

2023-02-15

AVALON Forex Broker has an overall rating of 1.45, Regulatory Index 0.00, License Index 0.00, Business Index 6.56, Software Index 4.00 Risk Control Index 0.00.