AvaStocks
Basic Information
Pros and Cons
Pros
- Various tradable assets
- MT4 supported
Cons
- Suspicious clone licenses
- Limited info on accounts
- Limited info on trading fees
- No demo accounts
Is AvaStocks Safe and Legit?
AvaStocks, founded in 2019 and registered in Ireland, operates with suspicious clone licenses under ASIC, FSA, and FSCA. It offers various tradable instruments, including currencies, stocks, commodities, and indices, utilizing platforms such as MT4, WebTrader, DupliTrade, and ZuluTrade. However, specific details regarding leverage, spreads, and minimum deposit requirements remain undisclosed.
Despite its offerings, AvaStocks’s regulatory status raises concerns, as it operates under suspicious clone licenses which may not provide adequate investor protection. Therefore, it is advisable to approach this broker with caution regarding its safety and legality.
Market feedback indicates that AvaStocks has a mixed reputation, with users reporting limited information on trading conditions and customer support. Common complaints include difficulties with withdrawals and a lack of transparency, highlighting the importance of thorough due diligence before engaging with the broker.
Is AvaStocks a Regulated Broker?
What Are the Regulatory Licenses Held by AvaStocks?
AvaStocks operates under suspicious clone licenses issued by regulatory bodies such as ASIC, FSA, and FSCA. It does not hold any mainstream regulated licenses that would provide adequate investor protection. The presence of these clone licenses raises concerns about the broker’s legitimacy and operational transparency, suggesting that it may not comply with the regulatory standards typically expected from reputable financial institutions. Therefore, investors are advised to proceed with caution when considering engagement with AvaStocks.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| ASIC | The Australian Securities and Investments Commission | AVA CAPITAL MARKETS AUSTRALIA PTY LTD | Suspicious | 000406684 |
| FSA | The Financial Services Agency | アヴァトレード・ジャパン株式会社 | Suspicious | 関東財務局長（金商）第1662号 |
| FSCA | The Financial Sector Conduct Authority | AVA CAPITAL MARKETS (PTY) LTD | Suspicious | 45984 |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
AvaStocks does not specify whether client funds are held in independently regulated bank accounts or if they are segregated from the broker’s own assets. Consequently, it remains unclear what measures are in place to ensure the protection of client funds. It is advisable for potential clients to conduct thorough research before engaging with AvaStocks.
AvaStocks Leverage
The maximum leverage offered by AvaStocks is not disclosed, nor is it clear how it compares to local regulatory limits in the jurisdictions where it holds its licenses. Clients should be aware that the lack of information regarding leverage may impact their trading decisions and financial planning.
AvaStocks Withdrawal Review
How to Contact AvaStocks?
AvaStocks has received a mix of complaints from users, particularly regarding withdrawal issues. Common complaints include difficulties in processing withdrawals, which have been reported by several users. Credible sources of these complaints include online trading forums and review platforms. The broker’s response to such complaints appears to be slow, with users often expressing frustration over the lack of timely resolution. While there are repetitive complaints of withdrawal delays, there are no known regulatory penalties or warnings against AvaStocks. Overall, the volume of complaints suggests potential concerns regarding the broker’s legitimacy and investor safety.
Frequently Asked Questions
A1: AvaStocks operates under suspicious clone licenses issued by the ASIC, FSA, and FSCA, which raises concerns about its legitimacy and operational transparency. It’s advisable to approach this broker with caution due to its lack of mainstream regulated licenses that typically provide investor protection.
A2: AvaStocks holds suspicious clone licenses from the Australian Securities and Investments Commission (ASIC), the Financial Services Agency (FSA), and the Financial Sector Conduct Authority (FSCA). However, these licenses do not provide adequate investor protection, and the broker does not hold any mainstream regulated licenses.
A3: AvaStocks does not specify whether client funds are held in independently regulated bank accounts or if they are segregated from the broker’s own assets. Consequently, the measures in place to protect client funds remain unclear, highlighting the need for thorough research before engaging with this broker.
A4: Users have reported difficulties with processing withdrawals from AvaStocks, expressing frustration over delays and a slow response from the broker. While there are numerous complaints concerning withdrawal issues, there are no known regulatory penalties or warnings against the broker.
A5: AvaStocks lacks available customer support contact information, which can be a concern for potential clients seeking assistance. It is recommended to conduct thorough due diligence and consider this aspect before engaging with the broker.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.