ANSWER In order for a broker to be regulated in the USA, it must be registered as a member of the National Futures Association (NFA). AVS Brokers, however, is not an NFA member, indicating that it is not regulated in the US. This, coupled with the fact that AVS Brokers appears to be an unregulated trading platform, raises concerns.AVS Brokers claims to be located in Montenegro and provides a UK phone number on its website. However, our investigation found no corroborating information in the Capital Market Authority of Montenegro (SCMN) or the Financial Conduct Authority (FCA) to support its claims of legitimacy in these regions.It appears that AVS Brokers is not regulated by any known regulatory bodies, making its offerings potentially unsafe. For a more secure trading environment, investors are advised to avoid unlicensed platforms like AVS Brokers and instead opt for platforms that are fully regulated.
See more