AVS Brokers Review: In-depth Look Into The Brokers Profile
In this AVSBrokers review, we will examine the security and regulation of the broker, their advantages and disadvantages, professional opinions, the traders they cater to, and more. To learn everything there is to know about AVS Brokers, continue reading.
Who Is AVS Brokers? All About The Broker
The brand of export-import Budva was established by the corporation in 2019 under the name AVS BROKER LTD. They are based in Montenegro and have a registered address of 4 Trg Sunca in Budva. As we look into the brokers profile, more warning signs will show up, making us think that they are a shady business.
|AVS Brokers||Reliable Broker Must Have|
|Legal name:||AVS BROKER LTD is the brand of export-import Budva||Transparently displayed in the disclaimer or legal documents|
|Regulation:||Not regulated||Within your legal jurisdiction – local regulator|
|Registered at:||4 Trg Sunca, Budva 83500, Montenegro||Your country or the country whose license applies in your legal jurisdiction|
|Established:||2019||The older the domain – the higher the possibility the company is trustworthy|
|Website:||avsbrokers.com||Domain should be from local or international zones, no .xyz etc.|
|Financial Authorities Warnings:||None||None|
|Contacts:||Tel: +44 113 330 87 28
Whatsapp: +44 7460 407297
Live chat and Web form
|Phone, email, social media, web form|
|Is a withdrawal possible:||Highly unlikely||Yes|
|Fees:||Hidden Fees||Transparent fees – list of spread and commissions|
|If Active on Social Media:||Yes||Often present on social media|
|Investor Protection:||None||Compensation fund|
AVSBrokers is primarily active in Turkey, Cyprus, and Romania, but we must point out that they are not subject to regulation by the Capital Markets Board of Turkey (CMB), the Cyprus Securities and Exchange Commission (CySEC), or the Financial Supervisory Authority (ASF).
AVS Brokers Broker Profile
300+ investment instruments, including popular currency pairings, cross rates, petroleum products, precious metals, agricultural products, indices, and cryptocurrencies, are included in Avs Brokers’ portfolio of investment instruments. They also provide a variety of account options for both new and experienced traders, yet they are the epitome of “Not everything is as it seems.”
|Account types:||Mini, Micro, Standard, Gold, Platinum|
|Financial Instruments On Offer:||
|Commissions/bonuses:||Investment bonus 20% – 30%, Referral bonus 10%, Stop out bonus 10%, Account Transfer bonus 20%|
|Autotrading:||MQL5 IDE Auto-trader with MT5|
|Education or Extra tools:||Forex Knowledge Base, Economic Calendar, Profit Calculator|
AVS Brokers Promotion
Regarding the AVS Brokers scam promotion, it is nonetheless important to highlight to give you a better idea of what AVS Brokers is all about. According to the deposit bonus you have earned, you must have accomplished a specific trading volume before you can cash out from your account. It is 20% of the grant amount, distributed in uniform lots.
Currently, a regular lot is valued at 100,000 base currency units. In light of that, let’s look at the broker’s examples. First, the client needs to trade 100 lots for $10 million to cover the turnover volume after receiving a $500 bonus. The $1000 incentive in the latter case requires you to trade more than $20 million. That is not only excessive but also insanely unreasonable. Even the finest traders are unable to consistently reach these volumes.
Is AVS Brokers Safe To Trade With?
You shouldn’t put your trust in AVSBrokers because it is a fraudulent business. They lack transparency as well as regulation, and the pricing structure is nowhere to be discovered. Watch out for brokers like this one who conceal their fee structure and then tack on new, significant charges when you want to withdraw money or make a trade.
We cannot regard AVSBrokers or any other firm as safe without regulation. Among many other requirements, a broker must have regulatory status, investor protection, and transparency to be considered safe. The only thing we can suggest regarding AVSBrokers is to avoid them at all costs.
AVS Brokers Review: Traders’ Thoughts and Opinions
When we examined their Trustpilot ratings, we weren’t shocked. It’s safe to claim that all 8 reviews are one-star reviews, even though a total of 8 reviews can’t always be considered because there are a lot of fraudulent reviewers.
Withdrawals are the main topic of all reviews. Not only did customers report that they lost all of their money when trading with this broker, but even those who did win could not take their winnings because of withdrawal problems. When you ask for a withdrawal, they refuse to give you access to your account and delay the procedure until it is too late and there is nothing you can do to get your money back.
A Look at AVS Brokers’ Traders They Serve
AVS Brokers primarily caters to clients from Turkey, Cyprus, and Romania, although they are not regulated to operate in these countries. The regulatory bodies for each country are as follows:
- Turkey – Capital Markets Board of Turkey (CMB)
- Cyprus – Cyprus Securities and Exchange Commission (CySEC)
- Romania – Financial Supervisory Authority (ASF)
Please be aware that operating AVS Brokers in these nations unregulated raises questions about their compliance with and adherence to financial legislation in such jurisdictions. It can be challenging to tell a good broker from a bad one, so if you require guidance, get in touch with us right away for a free consultation.
Deposits and Withdrawal Methods
AVS Brokers accepts deposits via more than 70 different investment options. Payment can be made with a wire transfer, EFT, FAST, all cryptocurrencies, or other available means depending on your country of residency. The AVS Brokers minimum deposit requirement is not specified, which raises red flags.
Whatever payment method you used, you shouldn’t anticipate the company to be able to give you your money back quickly. You may remember that its bonus policy is intended to stop you from withdrawing. Consequently, a chargeback is required. If you used the majority of e-wallets and a card to pay, you can request one. Out of the techniques mentioned above, only wire transfers are irreversible.
AVS Brokers Pros and Cons
Insights from Our Trading Experts
AVS Brokers was thoroughly examined by our team of trading specialists, who found a number of worrying trends that suggest it might not be a dependable option for traders. First of all, the absence of regulation and transparency creates serious concerns since it subjects clients to potential dangers and jeopardizes the security of their money. Furthermore, the dubious bonuses provided by AVS Brokers, such as the guarantee of up to 30% of the investment, raise more doubts regarding the reliability of their business practices.
In contrast, there are lots of trustworthy brokers on the market today who place a high priority on regulatory compliance, openness, and the protection of their client’s money. These trustworthy brokers uphold the strict guidelines established by reputable regulatory authorities, guaranteeing that traders’ interests are safeguarded.
We strongly advise getting in touch with our team if you’ve had problems with rogue brokers like AVS Brokers. We can help you locate a trustworthy broker who meets your specific requirements and provides security, regulatory compliance, and a reliable trading environment. Get in touch with us right away, and we’ll be pleased to point you in the direction of a safer trading environment.
Is AVS Brokers Legit?
AVS Brokers is not considered legit as they lack regulation and transparency in their fee structure. There are many other brokers who are much better and offer more security while trading. Contact us to find a legitimate and secure broker to trade with.
What Is AVS Brokers’ Trading Software?
AVS Brokers use the MetaTrader5 platform, which provides excellent tools for comprehensive price analysis, the use of algorithmic trading applications (automated trading, EA trading), and copy trading.
What Is AVS Brokers’ Minimum Deposit?
AVS Brokers withheld any details regarding the minimal deposit. This is most obviously a warning sign, and you should steer clear of this broker at all costs.