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AvaChoice Broker Review

The first thing you notice about AvaChoice is yet another poor attempt to make a pun and convince customers that they “did made the right choice.” However, we would never claim that it is correct or the best option. Read our AvaChoice review to learn more about this brokerage’s shortcomings.

Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: No Info
Owned by: Vegatek Green Trade Kft
Headquarters Country: Hungary
Foundation year: N/A
Supported Platforms: Web trader
Minimum Deposit: $50
Cryptocurrencies: Yes
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:500
Free Demo Account: No

AvaChoice Regulations and Security

Vegatek Green Trade Kft, a company with legal status in Hungary, is the owner of the brand AvaChoice. It ought to be governed by one of the Tier1 license providers since it is a broker with a base in the EU. Logically, we should have looked for any regulations in the HFSA register first. So, we looked into FCA, BaFin, FINMA, and other entities. We can conclude that AvaChoice is an unregulated organization that is not worth your time or money after all.

Therefore, the only thing you can do if you are one of the unfortunate individuals already involved with this fraudulent company is submit a dispute and ask for a chargeback.

Fund Withdrawal Issues With AvaChoice

It makes sense that AvaChoice reviews typically mention withdrawal issues given that we’re talking about unregulated business. Clients claim that withdrawal requests are never fulfilled and that many can no longer even access their trading accounts. They soon discovered that their accounts were having login problems after requesting compensation. They reported the issue to the account manager, but received no response.

In essence, it appears to be a method AvaChoice brokerage use to stop customers from withdrawing money or even getting access to it.

Traders About AvaChoice Scam

After reading AvaChoice reviews, we discovered some startling facts. Clients are required to pay all “taxes and fees” required for withdrawal up front by the broker, only for the payout to not be executed. You will never receive a dime back, no matter how hard you try or how much money you pay the firm in withdrawal charges.

Please be cautious of scam and never send money until you are certain you will get payment!

How To Know If You Have Been Scammed Online?

Issues with withdrawal are the result of a scam. However, there are a lot of factors you need to consider before that. You should carefully consider what is happening if your account manager is urging you to invest more money without providing any evidence of success or if the outcomes seem too good to be true. The use of debit/credit cards or bitcoin is also permitted for deposits on AvaChoice.

Be aware that Bitcoin transactions are difficult to track and attempt to avoid them because there may be no way to recover your money back. Since you may always reject a purchase and ask for a chargeback up to 540 days after it happened, using your credit card is safer.

Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]