Stay away from AvaTrade
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Thread: Stay away from AvaTrade

  1. #1
    I have signed up with Ava few months ago since they had some attractive bonus for new accounts. But be aware! In order to get the bonus you need to trade absurd number of lots which you won't ever reach it.
    Second. Before my opening account together, they revealed their different account's spread (2-3pips spread) which is I believed would be fine with my current trading egy. But when they actually opened my own account I had been seeing completely different scene. My account hadn't any floating spreads (EURUSD 3) and other some exotic pairs had enormous spreads trading them is out of choice. So they are not really customer friendly broker where they actually allow you to succeed with their support but at the other hand they'll try to suck every penny out of you. They will succeed although it doesn't matter how.
    Third. They've some times that are down that are unrealistic during news releases. It happens many occasions. Oh boy, it's sounds like they're desperately trying to reduce trader's odds by shutting their servers down.
    For example: http://www.mql5.com/en/charts/259704...-financial-ltd
    My live trade has been supposed to have in before the first move but the machine went down for few minutes. Because of server's difficulty ofcourse they slipped me when the waiter were back on the web again. I had 20pips Trailing Measure so there aren't any way my trade should be at BE, but my trade was BE and it had been shut. Lol
    Only look at my Alpari demo http://www.mql5.com/en/charts/259704...-alpari-uk-ltd
    same configurations as ava but managed to ch 70pips.
    Things like these happen alot. For some unknown reasons I stopped out alot.

    P.S if you're planing to open an account with them, I would suggest you to take your money and run as fast as possible.

  2. #2
    Their practices still seem to be a little questionable. Https://www.forexbrokerz.com/news/Av...lgium’s-FSMA

    According to the ruler, Avatrade has been supplying CFDs to Belgium residents without the necessary prospectus, which must consist of complete information regarding the type of investment instrument, the issuer, as well as the risks related to the investment. Anyway, the regulator claims that the broker did not submit for acceptance to the FSMA any advertisement or other documents regarding the stated public provides.

    Why do that when they are aware that the Belgium authorities banned such advertisements?

  3. #3
    This precious experience Ought to Be share rate in*rexpeacearmy website

  4. #4
    Quote Originally Posted by ;
    Their practices still appear to be somewhat questionable. Https://www.forexbrokerz.com/news/Av...lgium’s-FSMA According to the ruler, Avatrade has been supplying CFDs into Belgium residents without the requisite prospectus, which should include complete details about the sort of...
    what is the prospectus suppose to say regarding the instrument ?

  5. #5
    By looking into the advice above it seems to be a broker. I question the reliability of brokers who have so ''appealing” bonus methods.

  6. #6
    I started a 'test' account with Avatrade.
    They've effectively frozen it.
    I will no longer transfer funds in or from the account.
    Customer support won't manage the issue, they are saying it is my card, which I use daily.

    Additionally, I can't remove funds or deposit money using wire or another method.
    They've given me no reason for this, even though it's one of the qualities of their account and deposit methods.
    They've also frozen it.

    Quite skeptical.
    I'd like to report them to the government, but don't know how to go about doing it.

  7. #7
    Any broker that market heavily, provide bonuses will scam you.
    Good ones - big ones - do not market!!!

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