Avx Broker foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.avxbroker.com/, about the company's legal and temporary regulatory information, the company's address .
AVX Broker, also referred to as avxbroker.com, is a relatively recent player in the online trading arena. The exact founding year is not specified in the available sources, which raises questions about its operational history. The broker claims to operate from Brussels, although this information lacks verification, leading to skepticism about its actual headquarters and operational transparency.
As an unregulated broker, AVX Broker does not fall under any major financial authority's supervision, such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). This regulatory status places the broker in a category that could expose clients to significant risks, as there are no guarantees regarding the safety of their funds.
AVX Broker primarily targets retail traders looking to engage in forex and cryptocurrency trading. Its business model appears to focus on providing trading services without the stringent oversight that regulated brokers must adhere to. This lack of regulation often results in a higher risk profile for clients, as they may not have access to the same protections that regulated entities offer.
The broker's development history and significant milestones remain unclear due to the absence of detailed information. There is no mention of a parent company or group affiliation, which is often a critical factor in establishing a broker's credibility and reliability. Overall, AVX Broker operates on a retail forex model, offering trading opportunities in various financial instruments.
AVX Broker operates without any regulatory oversight, which is a significant concern for potential investors. The lack of regulation means that it does not hold any licenses from recognized financial authorities, and therefore, it does not have a regulatory number to provide clients.
The absence of regulatory licenses raises alarms about the broker's legitimacy. Without proper oversight, there are no assurances regarding the segregation of client funds, which is a standard practice among regulated brokers to protect clients' investments in the event of financial difficulties. Furthermore, AVX Broker does not participate in any investor compensation schemes, which could leave clients vulnerable in case of insolvency or fraudulent practices.
The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is also questionable. While these measures are designed to prevent fraud and protect investors, the lack of regulatory oversight suggests that AVX Broker may not implement these practices effectively. Therefore, clients are advised to exercise extreme caution when considering trading with AVX Broker.
AVX Broker offers a range of trading products primarily focused on forex and cryptocurrencies. However, specific details regarding the number of forex currency pairs available for trading are not clearly outlined in the available sources. This lack of transparency is concerning, as traders typically benefit from a wide variety of currency pairs to maximize their trading strategies.
In addition to forex, AVX Broker provides Contracts for Difference (CFDs) on various asset classes, including indices, commodities, stocks, and cryptocurrencies. The specific categories of CFDs offered are not explicitly mentioned, which may indicate a limited selection of products.
The introduction of new products and updates to existing ones appears to be infrequent, as there is no indication of a proactive approach to expanding their product offerings. Retail trading services are available, but the absence of information regarding institutional client services or white-label solutions suggests that AVX Broker primarily focuses on individual traders.
AVX Broker utilizes its proprietary trading platform, which is not widely recognized in the industry. The broker does not support popular platforms like MetaTrader 4 or MetaTrader 5, which could limit its appeal to traders accustomed to these established systems.
The broker's website does not provide specific details about the features and functionalities of its trading platform. Additionally, there is no mention of a web-based trading platform or mobile applications for iOS and Android, which are essential for traders who prefer to manage their accounts on the go.
The execution model employed by AVX Broker is not clearly defined, leaving potential clients uncertain about whether they operate on an ECN, STP, or Market Making basis. The lack of transparency regarding server locations and technical infrastructure further complicates the assessment of the broker's reliability and trading conditions.
Moreover, there is no mention of API access or support for automated trading, which are crucial features for traders looking to implement algorithmic trading strategies.
AVX Broker does not provide detailed information about the types of accounts available for traders. There is no mention of standard account conditions, including minimum deposit requirements, spreads, or commissions. This lack of clarity can deter potential clients seeking to understand the costs associated with trading on the platform.
The absence of advanced account types, such as VIP or professional accounts, is also notable. Additionally, there is no information about specialized accounts, such as Islamic accounts or corporate accounts, which are increasingly sought after by diverse trading demographics.
The availability of a demo account is not specified, which could be a disadvantage for traders looking to practice their strategies before committing real capital. Furthermore, details regarding leverage ratios, minimum trade sizes, and overnight fees are not provided, making it difficult for potential clients to evaluate the trading conditions effectively.
AVX Broker supports a limited range of deposit methods, including bank transfers, credit cards, and electronic wallets. However, specific details about the minimum deposit requirements for various account types are not disclosed. This lack of information can create uncertainty for prospective clients.
The processing time for deposits is not clearly defined, which may lead to frustration for traders eager to start trading. Additionally, the broker does not provide information about any deposit fees that may apply, which is critical for clients to understand their overall cost of trading.
Withdrawal methods and limitations are also not specified, raising concerns about the ease of accessing funds once deposited. The processing time for withdrawals is not mentioned, which can be a significant factor for traders who require timely access to their capital. Furthermore, any withdrawal fees that may be incurred are not outlined, leaving potential clients in the dark regarding the costs associated with retrieving their funds.
AVX Broker offers limited customer support options. The available channels for assistance include email and potentially online chat, but there is no mention of a dedicated phone support line. The service hours and time zone coverage are not specified, which could hinder clients seeking timely assistance.
The broker's website does not provide information about multilingual support, which is essential for catering to a diverse international clientele.
In terms of educational resources, there is no mention of webinars, tutorials, or eBooks that could help traders enhance their knowledge and skills. Additionally, market analysis services, such as daily analyses, news, or research reports, are not highlighted, which could limit traders' ability to make informed decisions.
AVX Broker does not appear to offer any trading tools, such as calculators, economic calendars, or signal services, which are often valuable resources for traders looking to improve their trading strategies.
AVX Broker primarily targets clients in various regions, but specific details regarding its main service markets are not provided. The absence of information about regional offices further complicates the understanding of its geographic coverage.
The broker does not specify which countries or regions it does not accept clients from, which could pose risks for potential investors who may unknowingly attempt to open accounts from restricted jurisdictions. Special restrictions are also not mentioned, making it difficult for clients to assess their eligibility to trade with AVX Broker.
In conclusion, while AVX Broker presents itself as a trading platform for forex and cryptocurrency, the lack of regulatory oversight, transparency regarding its operations, and limited information about its services raise significant concerns. Potential clients should exercise extreme caution and conduct thorough research before considering any engagement with AVX Broker.
FX1732679213
Malaysia
Is this platform fake? Unable to withdraw. It is said that I need to open an account on naitonal bank to get the money back and then said that it is needed to report the tax to withdraw.
Exposure
2022-06-11
刘宝齐
Malaysia
Be careful everyone, there is no updates about my broker, don't invest in this
Exposure
2022-08-13