Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
||Saint Vincent and the Grenadines
||Cryptocurrencies, Energies, Indices, Shares, Forex, Metals, Commodities
||Mini, Classic, ECN, ECN PRO, Raw Spread, Swap Free
||Vary on the account type
||Vary on the account type
|Deposit & Withdrawal Method
||Bank Wire Transfers, Perfect Money, WebMoney, PayPal, Visa, MasterCard, Bitcoin, Ethereum
AVFX is an International Forex Broker that offers trading services to clients from start-ups to large business houses around the globe. AVFX Technology (SV) Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with the registration number 24760 IBC 2018.
Here is the home page of this brokers official site:
As for regulation, it has been verified that AVFX currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 2.04/10. Please be aware of the risk.
Note: The screenshot date is February 9, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
AVFX offers investors a range of financial instruments including Cryptocurrencies, Energies, Indices, Shares, Forex, Metals, and Commodities.
Apart from demo accounts, there are 6 different live account types to choose from at AVFX, namely Mini (minimum deposit of $10), Classic (minimum deposit of $500), ECN (minimum deposit of $1,000), ECN Pro (minimum deposit of $2,000), Raw Spread (minimum deposit of $3,000) and Swap Free (minimum deposit of $5,000).
The maximum leverage is up to 1:1000 for Mini, 1:500 for Classic, and 1:200 for the other four account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
The spreads start from 0.0 pips for the Raw Spread account, 0.8 pips for ECN Pro, 1.0 pips for ECN, 1.1 pips for Classic, and 1.2 pips for Mini and Swap Free. No commission is charged for all those accounts except for the Raw Spread account, whose commission is 0.7.
AVFX provides clients with access to the worlds financial markets through the MetaTrader4 (MT4) as well as the MetaTrader5 (MT5) platform, available via Windows, Android, Apple and Linux.
Deposit & Withdrawal
Funding methods include Bank Wire Transfers, Perfect Money, WebMoney, PayPal, Visa, MasterCard, Bitcoin, and Ethereum. There is no commission on deposits and withdrawals.
AVFX claims to offer s $100 withdrawable bonus. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task.
MT4 and MT5 trading hours are 24 x 5 days from Monday to Friday.
At AVFX, clients are provided with 24/5 service support. Those who have questions or concerns can call at +44-1143609528, email at firstname.lastname@example.org, WhatsApp, Telegram, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St.Vincent and the Grenadines.
Pros & Cons
|• Multiple trading assets, account types and funding options
||• No regulation
|• Demo accounts available
||• Regional restrictions
|• Low minimum deposit ($10)
|• MT4 and MT5 supported
Frequently Asked Questions (FAQs)
||Is AVFX regulated？
||No. It has been verified that AVFX currently has no valid regulation.
||At AVFX, are there any regional restrictions for traders？
||Yes. AVFX does not provide services to residents of the USA, Canada, Sudan, Syria, North Korea, and Iran.
||Does AVFX offer demo accounts？
||Does AVFX offer the industry-standard MT4 & MT5？
||Yes. Both MT4 and MT5 are available.
||What is the minimum deposit for AVFX？
||The minimum initial deposit to open an account is $10.
||Is AVFX a good broker for beginners？
||No. AVFX is not a good choice for beginners. Though it advertises very well, dont forget that it is an unregulated broker.