AVALON
Pros and Cons
Pros
- Diverse range of trading instruments including forex, commodities, and cryptocurrencies
- Multiple account types catering to different trading experience levels
- User-friendly web-based trading platform along with MT4 and MT5 support
- Accessible customer support via email and telephone
- Low minimum deposit requirements for beginners
Cons
- Not regulated by any recognized financial authority
- Heightened risk of fraudulent activities
- Limited educational resources for traders
- Variable spreads may impact trading costs
- Withdrawal fees applicable for certain methods
Basic Information
User Reviews
AVALON Overview
AVALON is a forex broker registered in Iceland, operating for a period of 2-5 years. The broker is known for its web-based trading platform, offering clients a range of trading options. However, it is important to note that AVALON does not hold a valid regulatory license, which raises concerns about its credibility in the forex trading space. This lack of regulation may expose traders to higher risks, making it essential for potential clients to conduct thorough research before engaging with this broker.
AVALON provides a selection of trading instruments, including forex and other asset classes such as commodities and indices. The broker offers multiple account types with varying leverage options, allowing traders to choose according to their risk appetite. Customer support is accessible through various channels, including phone and email, ensuring assistance for clients during trading hours. Despite its unregulated status, AVALON positions itself as a competitive player in the market, appealing to traders with its low initial deposit requirements and a user-friendly trading environment.
Is AVALON Safe? Regulation Analysis
Regulatory Information
AVALON is not regulated by any recognized financial authority. This unregulated status raises significant concerns regarding the safety of client funds and the overall credibility of the broker. Traders engaging with AVALON may face heightened risks, including a lack of investor protection and a greater potential for fraudulent activities.
Trading Products and Services
What trading instruments does AVALON offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
AVALON offers a diverse range of trading instruments across multiple asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different types of traders, from beginners to professionals, allowing them to implement a range of trading strategies. The inclusion of multiple asset classes can enhance portfolio diversification, enabling traders to balance their investments and manage risk effectively. With options available for various trading styles, AVALON’s diverse product offering supports traders in navigating the markets with flexibility and adaptability.
Account Types and Trading Conditions
What Account Types and Fees Does AVALON Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Nano Account | Beginners | Low minimum deposit, 1:10 leverage | Suitable for small-capital practice |
| Mega Account | Novice to Intermediate Traders | 1:30 leverage, moderate deposit | Requires trading volume qualifications |
| Pro Account | Experienced Traders | 1:50 leverage, tailored services | Requires higher minimum deposit |
| Ultra Account | Professional Traders | 1:100 leverage, advanced features | Requires significant trading experience |
Account Opening Process
To open an account with AVALON, traders must complete several steps. Initially, they will need to submit personal, employment, and financial information. This submission includes identity verification documents, such as an ID and proof of address. After initial setup, clients have the flexibility to upgrade their accounts based on their trading needs and experience level at a later stage.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Tight spreads for major currency pairs |
| Forex (Minor Pairs) | Varies | $0 | Spreads may be wider |
| CFDs (Stocks) | Varies | $0 | Fees may apply depending on the stock |
| CFDs (Indices) | Varies | $0 | Variable spreads based on market conditions |
| Cryptocurrencies | Varies | $0 | Fees depend on market volatility |
Other Fees
AVALON may impose several additional fees, including deposit and withdrawal fees, which could vary by method. Inactivity fees may apply if accounts remain dormant for extended periods. There may also be platform usage fees associated with specific trading tools. Overnight interest, or swap rates, could apply based on the positions held overnight, and currency conversion fees might be incurred when trading different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does AVALON Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Web Version | Any device with internet access | Login security (encryption), market search (symbol lookup), multiple order types | Demo account available |
| MT4 | Windows, macOS, iOS, Android | Login security (2FA), market search (symbol lookup), price alerts, technical indicators | VPS available |
| MT5 | Windows, macOS, iOS, Android | Login security (encryption), market search (symbol lookup), push notifications, complex indicators | API interfaces available |
AVALON provides a web-based trading platform along with access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. MT4 is ideal for traders who prefer a stable and widely used platform, while MT5 offers additional tools for advanced trading strategies. The availability of mobile apps allows traders to engage in trading activities conveniently, ensuring secure logins and fast order execution from various devices. Real-time alerts and efficient search tools enhance the trading experience, making it adaptable to different trading styles.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $100, Max $10,000/day | USD, EUR, GBP |
| Credit/Debit Card | Instant | No platform fee, 2% charge on withdrawals | Min $50, Max $5,000/day | USD, EUR |
| E-Wallets (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% charge on deposits | Min $20, Max $15,000/day | USD, EUR |
Minimum Deposit
The minimum deposit requirement with AVALON is $50 for the Nano Account. This amount may vary by account type, with higher minimums applicable for the Mega, Pro, and Ultra accounts. Payment method does not affect the minimum deposit.
How to Withdraw
- Log in to your AVALON trading account.
- Navigate to the ‘Withdrawals’ section.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it complies with the limits.
- Provide any necessary verification documents if prompted.
- Confirm your withdrawal request.
- Wait for the processing time to complete as per the chosen method.
Customer Support
AVALON Customer Support Overview
Support Channels
AVALON provides multiple contact methods for customer support, ensuring that traders can easily reach out for assistance. Clients can contact the support team via:
- Email: Customers can send inquiries to support@avalon-wm.com.
- Telephone: Support is available at +(354)539-5019.
Service Availability
AVALON’s customer support operates during trading hours, providing timely help to clients. While specific support hours are not detailed, traders can expect assistance during weekdays. The support team is equipped to handle inquiries in English, ensuring effective communication.
Frequently Asked Questions
No, AVALON is not regulated by any recognized financial authority. This unregulated status raises concerns regarding the safety of client funds and the overall credibility of the broker.
AVALON offers a variety of trading instruments across multiple asset categories, including forex, commodities, indices, stocks, and cryptocurrencies, catering to different types of traders and trading strategies.
AVALON provides multiple account types: Nano Account for beginners with low minimum deposit and 1:10 leverage, Mega Account for novice to intermediate traders with 1:30 leverage, Pro Account for experienced traders with 1:50 leverage, and Ultra Account for professional traders with 1:100 leverage.
You can contact AVALON’s customer support via email at support@avalon-wm.com or by phone at +(354)539-5019. Support is available during trading hours, and the team can assist with inquiries in English.
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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.