In recent times, both seasoned investors and newcomers seeking to capitalize on financial markets. However, it’s crucial to exercise caution when selecting a broker to ensure the safety of your investments. In this article, we will review Avaxlauncher, a broker that has raised concerns and garnered attention due to potential fraudulent activities and its unlicensed status.
Company Overview
| Broker Name | Avaxlauncher |
| Website | https://avaxlauncher.tech |
| Location | Unspecified |
| Regulated | Not regulated |
| Traders’ reviews | Negative |
Team
This broker has not disclosed any team information. They claim they are a Defi platform, so they should show traders who are on their team. The qualification of the team will decide the success of the platform.
Services or Products
Avaxlauncher advertises a Defi platform, where traders can earn, shop, and farm. But we did not find any detailed information regarding their products. They should have a whitepaper describing the technology, the outcome, and how traders will get the profit. But there is also no whitepaper.
Trading Platforms
Avaxlauncher claims to offer a sophisticated trading platform that enables users to execute trades quickly and efficiently. We did not find any kind of demo or demonstration of their Defi platform.
License and Regulations
License Status
One of the most alarming aspects of Avaxlauncher is its lack of proper licensing. It is crucial for a Defi platform to have proper licensing to operate in the region. But, we did not find any kind of license on their website.
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.
Regulation Status
In addition to lacking licenses, Avaxlauncher also does not appear to be regulated by any recognized financial regulatory body. We checked with several regulatory websites to confirm the registration confirmation. But we did not find any positive outcome.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers carries significant risks for investors. Such brokers are not bound by the regulations that protect traders from fraud, manipulation, or other unethical practices. Without proper oversight, there is a higher likelihood of financial loss and potential difficulty in recovering funds.
Legal Warnings Against Avaxlauncher
Numerous financial regulatory bodies have issued warnings against Avaxlauncher due to its unlicensed status and potentially fraudulent activities. FCA issued a warning mentioning that this broker is not licensed and authorized to conduct any financial activity in the UK.
Client Feedback About Avaxlauncher
About Their Trading
Reports suggest that Avaxlauncher may engage in unethical trading practices, including price manipulation and stop-hunting, which can significantly impact traders’ profitability. Their previous clients reported these issues on several online forums and reporting websites.
About Their Customer Service
Traders have reported difficulties in reaching customer service representatives, delayed responses, and unfulfilled promises. A reliable broker should prioritize prompt and effective customer support, which Avaxlauncher appears to lack.
How Can Reviewsadvice Help You If You Get Scammed?
If you get scammed by this broker or any other broker, you should first go to the financial authority to report the scam. Then you can submit your scam case to us. We will evaluate the case and will get back to you with a free consultation. In this consultation, we will discuss the possible ways to retrieve your lost money. Also, will provide you with some recovery service recommendations to help you in retrieving the scammed money. If needed, we can provide you the legal help too.
Final Thought
When it comes to online trading, it is crucial to exercise caution and conduct thorough research before choosing a broker. Avaxlauncher, an unlicensed broker, has raised significant concerns due to its lack of regulation, negative client feedback, and potentially fraudulent activities. Engaging with such brokers carries substantial risks and can result in financial loss.
