AVA Investments Review Scam Complaint
AVA Investments Review – An Introduction
AVA Investments is an offshore forex and CFD broker that is Marshall Island registered. AVA Investments is a trading name of Bauman Ltd. It is an unregulated broker offering various types of CFDs and currency pairs. Not much information is provided by the broker on their website, just basic contact details and their visions and goals. Let’s get the details about the broker in this review to understand its legitimacy.
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About the AVA Investments:
AVA Investments offers various types of accounts for trading, where the basic account is Micro Account with a minimum deposit of $250, then a Standard Account with a minimum deposit of $2500, then a Pro Account with a minimum deposit of $20, 000, an Islamic swap-free account, then an ECN Account with a minimum deposit of $25,000 and a VIP Account with minimum deposit of $100,000. AVA Investments offer various forex and CFD trade for commodities, stocks and indices with several different accounts, but it has no option for a demo account.
AVA Investments provides the well known MetaTrader4 to its traders as well as a web based of the same platform. MT4 platform is a ticket based and reliable platform, which means that each trade is managed individually and a traders can have as many open positions on the buy and the sell side as they wishes. AVA Investments offers its traders a swap-free Islamic account which has no interest on overnight positions. But, this account goes with some additional fees.
AVA Investments is located in Trust company complex, Marshall Islands. A number of other unregulated forex brokers are also registered on the same address. Basically what unregulated brokers do is they use trader’s money the way they want and that gives traders very limited security over their investment. The minimum withdrawal amount allowed via wire transfers is $250. The Minimum withdrawal amount with any other method apart of wire transfer is only $100.
Is AVA Investment legit or scam?
AVA Investments is an unlicensed offshore broker that provides traders a very limited assurance about the safety of their funds. Moreover, the broker has very unusual trading withdrawal terms and conditions which further undermine the trust of the potential clients. Trading conditions are also not clearly mentioned or set. Furthermore, there is no information about minimum spreads on the website. These things indicate that the broker is a scam and its intentions are not honest, therefore stay safe from this broker.