Avant-Markets Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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According to the information provided by wikifx, the transaction speed offered by this company is very slow. In this case, wouldn't it be easy for me to miss important trading opportunities?
Summary: The overall assessment of Avant-Markets is overwhelmingly negative, with numerous sources highlighting its unregulated status and potential scam characteristics. Key concerns include poor customer service, misleading claims, and a lack of transparency regarding its operations.
Notice: It is important to note that Avant-Markets operates under various entities across different regions, which raises significant concerns regarding its legitimacy and regulatory compliance. This review aims to provide a fair and accurate evaluation based on multiple sources.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service & Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
How We Rate Brokers: Our ratings are based on user feedback, expert opinions, and factual data regarding the broker's services and operations.
Founded in 2022, Avant-Markets is an online forex and CFD broker that claims to operate from Saint Vincent and the Grenadines. The broker offers access to a range of trading platforms, including the popular MetaTrader 4 (MT4). However, it is important to note that Avant-Markets lacks proper regulatory oversight, which raises significant red flags for potential investors. The broker claims to offer various trading instruments, including forex, commodities, indices, and cryptocurrencies, but the absence of regulatory backing casts doubt on its operations.
Regulatory Jurisdictions: Avant-Markets is registered in Saint Vincent and the Grenadines, a jurisdiction known for its lax regulatory environment. According to multiple sources, including the Malaysian Securities Commission, Avant-Markets has been flagged for engaging in unlicensed capital market activities. This lack of regulation is a serious concern for traders considering this broker.
Deposit/Withdrawal Methods: The broker allows deposits in various currencies, including cryptocurrencies, but specific details regarding withdrawal methods remain unclear. Many users have reported difficulties in withdrawing their funds, suggesting that the withdrawal process may be fraught with complications.
Minimum Deposit: Avant-Markets has a low minimum deposit requirement of $10, which may attract novice traders. However, this low barrier to entry does not compensate for the potential risks involved.
Bonuses/Promotions: While the broker does offer bonuses, the terms and conditions surrounding these promotions are often vague and may include excessive withdrawal requirements, making it difficult for traders to access their funds.
Tradeable Asset Classes: Avant-Markets claims to offer a variety of trading instruments, including major and minor forex pairs, commodities like gold and oil, indices, and cryptocurrencies. However, the actual availability of these assets is questionable given the broker's unregulated status.
Costs (Spreads, Fees, Commissions): The broker advertises spreads starting from 0.1 pips, which may seem attractive. However, the lack of transparency about hidden fees or commissions raises concerns about the true cost of trading with Avant-Markets.
Leverage: Avant-Markets offers leverage of up to 1:1000, which is significantly higher than what is permitted by most regulatory authorities. Such high leverage can amplify both potential profits and losses, making it a risky proposition for traders.
Allowed Trading Platforms: The primary trading platform for Avant-Markets is MT4, a widely used platform in the forex industry. However, user experiences have reported issues with accessing the platform and account management.
Restricted Regions: Avant-Markets does not serve clients from certain jurisdictions, including the United States, which is a common practice among unregulated brokers. This raises further questions about the broker's legitimacy.
Available Customer Service Languages: Customer service for Avant-Markets is reportedly limited, with many users experiencing difficulty reaching support representatives. The lack of responsive customer service is a significant drawback, as highlighted by multiple user reviews.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service & Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
Account Conditions: The broker offers five types of accounts, including micro and VIP accounts, with varying minimum deposits. However, the overall lack of regulation diminishes the credibility of these offerings.
Tools and Resources: Avant-Markets provides basic tools such as market news and live charts, but the resources available are limited compared to regulated brokers.
Customer Service & Support: Numerous reviews indicate that customer service is lacking, with users reporting unresponsive support channels and difficulty in resolving issues.
Trading Setup (Experience): Although MT4 is a reputable platform, users have reported problems with accessing their accounts, which negatively impacts the trading experience.
Trustworthiness: The unregulated status of Avant-Markets, along with warnings from financial authorities, significantly undermines its trustworthiness.
User Experience: Overall, user experiences have been largely negative, with many expressing frustration over withdrawal issues and lack of transparency.
In conclusion, the Avant-Markets review paints a concerning picture of a broker that lacks regulatory oversight and presents multiple red flags. Potential investors are advised to exercise caution and consider regulated alternatives for their trading needs.
