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Operating status: SCAM
Website: https://www.avatradesgo.com/
On April 24, 2023, the Financial Conduct Authority (FCA) issued a warning against AVA TRADES GO, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/ava-trades-go
AVA TRADES GO claims to be globally licensed and regulated, yet it doesn't provide any details about its regulatory status. This is a clear indication of an unlicensed broker, as legitimate ones always prominently display their accreditation and licenses. At the bottom of this broker's homepage, we noticed that it lists two office addresses in the UK and the US. Brokers operating in these two countries, as required by the law, must obtain authorization from the Financial Conduct Authority (FCA) and the National Futures Association (NFA) in order to legally provide financial services or products. However, our investigation suggests that AVA TRADES GO is not overseen by either regulatory body, and the FCA has even issued a warning about it. In addition, On AVA TRADES GO's About page, the broker attempts to imply a potential association with the Australian Securities and Investments Commission (ASIC) to appear reliable. However, our search for this broker in the ASIC registry didn't yield any results.
In essence, AVA TRADES GO is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
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