Avatrade is a scam , i am a victim form malaysia and i already make a report ! all my money is gone!
One of their consultants contacted me and said that there was a high profit. Because I knew very little, I made a deposit after trusting his words. This seemed strange because it is the adviser and not the trader who deposits. He asked about my paypal account, I told him. Them he asked me to transfer him 100 dollars, and I did the transfer. A week later, he told me that I needed 300 USD to continue the business, but I did not see the balance in the account. So I refused and requested a withdrawal, but did not receive a response from him.
General Information & Regulation
This Fake AvaTrade is registered in China. It has been verified that this broker currently has no valid regulatory, pls be aware of the risk!
Since this Fake AvaTrades official website cannot be opened, we have no idea what tradable financial instruments are offered on its website.
This Fake AvaTrade is a fully scam. A victim from Malaysia exposed that he has been cheated by this broker and all his money has gone. Some other traders who know little about this broker are also scammed by it, with their deposit never coming back. Any traders who want to get involved in forex trading must avoid this broker in case of heavy fund losses.