AvaTrade forex scammers often advertise ‘zero commissions’ and ‘low spreads’ on their websites, but these promises do not live up to reality. In fact, AvaTrade’s website has a long list of fees and charges. This can be a real headache for traders, but luckily, a website like MoneyBackHero exists to help you recover your money.
Another common scam involves ‘free’ software that is supposed to allow investors to make unlimited profits from the markets. This is a blatant ploy to get naive investors to deposit money with a broker. In addition, these software programs often offer a free trial period if they convince you to deposit money with them.
As with any company, the best way to avoid Forex fraud is to work with a regulated broker. A regulated broker will reduce the chances of fraud and malpractice. Ensure that your broker is properly regulated in your country before you sign up for a trading account. AvaTrade has seven fully-regulated entities under its umbrella. In addition to this, they offer negative balance protection and a compensation fund for investors who lose money.
AvaTrade is a multinational broker with offices in many cities around the world. It is regulated in Europe, the British Virgin Islands, Japan, Australia, South Africa, and the British Virgin Islands. AvaTrade offers traders a variety of trading conditions, including forex and other securities. Additionally, AvaTrade has a mobile app for traders, which has been rated as efficient and easy to use.
AvaTrade has been operating in the financial markets since 2006, and is part of the large company Ava Financial Ltd. It also operates an online CFD broker. This broker is award-winning and offers guidance for beginners. Its website provides step-by-step guidance on how to trade forex and other CFDs.