Scammers and fraudulent companies are constantly on the lookout for their next victim. One such company is the Avax group, which claims to offer trading and investment services. In this article, we will provide a comprehensive review of Avax Group.
Company Overview
Avax Group claims to be a leading financial services provider with a presence in more than 150 countries. They offer a wide range of trading and investment services, including forex, commodities, stocks, indices, and cryptocurrencies.
Team
There is no information available on the Avax group website regarding their team members or their qualifications. This lack of transparency is a cause for concern and is a red flag.
Services or Products
Avax Group offers a wide range of trading and investment services, including forex, commodities, stocks, indices, and cryptocurrencies. They also offer educational resources, including webinars and tutorials, to help traders make better-informed decisions.
Trading Platforms
Avax Group offers several trading platforms, including MetaTrader 4, WebTrader, and MobileTrader. These platforms offer traders a range of tools and features to help them trade effectively.
License and Regulations
License Status
The Avax group website claims that the company is licensed and regulated by the Financial Services Authority (FSA) in Seychelles. However, there is no evidence to suggest that the FSA regulates financial services companies.
Regulation Status
Avax Group is not regulated by any reputable financial regulatory authority, such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), or the Securities and Exchange Commission (SEC) in the US.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers is risky because they are not held accountable by any regulatory authority. They may engage in unethical practices, such as price manipulation, unauthorized trading, or withholding funds. In case of any dispute, traders have no recourse to any regulatory authority.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Legal Warnings Against Avax Group
Several financial regulatory authorities, including the FCA and the Cyprus Securities and Exchange Commission (CySEC), have issued warnings against this company. These warnings highlight the risks of dealing with the company and advise traders to avoid them.
Client Feedback About Avax group
Client feedback about this company is predominantly negative. Traders have reported several issues with the company, including withdrawal problems, unresponsive customer support, and suspicious trading practices.
About Their Trading
Several traders have reported suspicious trading practices, such as price manipulation and stop loss hunting. This suggests that Avax Group may not be operating ethically.
About Their Customer Service
Traders have reported that Avax Group’s customer support is unresponsive and unhelpful. This lack of customer support is a significant concern, especially in case of any issues or disputes.
How Can Reviewsadvice Help You If You Get Scammed?
Reviewsadvice is a platform that provides information and resources to help traders avoid scams and fraudulent companies. If you have been scammed by Avax Group or any other fraudulent company, Reviewsadvice can provide guidance on how to recover your funds and take legal action against the company.
Final Thought:
Avax Group is a highly suspicious company that lacks transparency and is not regulated by any reputable financial regulatory authority. Dealing with unlicensed brokers is risky, and traders should avoid companies like them. It is important to conduct thorough research before investing in any company and to only deal with regulated and reputable financial services providers.
