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AvaCapitalTrade

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Operating status: SCAM

Website: https://avacapitaltrade.com/

Broker violations and abnormal records
  • 2023-09-06 The UK FCA issues a warning against AvaCapitalTrade

    On September 7, 2023, the Financial Conduct Authority (FCA) issued a warning against AvaCapitalTrade, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/avacapitaltrade-ava-capital-trade-de-lighttrustproof-de-lighttrustproofs

    On September 7, 2023, the Financial Conduct Authority (FCA) issued a warning against AvaCapitalTrade, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/avacapitaltrade-ava-capital-trade-de-lighttrustproof-de-lighttrustproofs
  • 2023-09-07 BrokersView has reviewed that AvaCapitalTrade is an unregulated broker

    While AvaCapitalTrade is domiciled in the UK, it falls outside the regulatory framework. According to the warning issued by the UK Financial Conduct Authority (FCA), AvaCapitalTrade is an unauthorized firm illegally soliciting British investors.

    In essence, AvaCapitalTrade 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. 

    AvaCapitalTrade is unequivocally a scam.

    While AvaCapitalTrade is domiciled in the UK, it falls outside the regulatory framework. According to the warning issued by the UK Financial Conduct Authority (FCA), AvaCapitalTrade is an unauthorized firm illegally soliciting British investors.In essence, AvaCapitalTrade 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. AvaCapitalTrade is unequivocally a scam.

Related Complaints

Q&A

AvaCapitalTrade does not allow me to withdraw. Is AvaCapitalTrade a scam?

Roberto Tereshchenko
Billings
2023-10-17
ANSWER Considering its lack of the necessary authorization and unreasonable practices, AvaCapitalTrade is a scam.AvaCapitalTrade claims to be located in the UK. It uses an address that is shared by many other companies, which is a red flag. It claims to be a British company, but it does not have the authorization from the Financial Conduct Authority (FCA), the financial regulator in the UK. The FCA issued a warning against AvaCapitalTrade and advised the public to avoid it, as it solicits investors in this country without their permission.Therefore, AvaCapitalTrade is a fraudulent company that tries to deceive investors with false claims and illegal practices. It is not regulated by the FCA and poses a high risk of losing money. Investors should stay away from it and report any suspicious activities to the authorities. To mitigate the risks of fraud and identity theft, we strongly suggest investors opt for a fully regulated broker instead.
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