AvastradeFX.com Scam

coolertheseed

Recruit
Messages
2
I have been suggested by this company to invest on binary option and Forex trading by a so called person "Rafeal wescott". I invested $14k AUD so far and when requested for withdrawal they said United states international trade comission is holding the transaction and need to pay $5000 to process withdraw.

After paying $5k , this time they came up with something called as brokerage fee of $2000 and if not paid no funds will be processed.

They gave the fake Comission pdf. I was skeptical on the $2000, so reached SEC for confirmation and they confirmed that there is no comission like "USITC".

Its an advance fee scam, When i go back to avastradefx.com on the scam, they blocked me in the whatsapp and facebook and now not sure how to recover my money.

there website is still operating and i could see people posting on facebook for more scammers.20190502_183220.jpg 20180629_013435pp.jpg

Response from SEC below:


Dear Mr. Gangula:

Thank you for contacting the U.S. Securities and Exchange Commission (SEC).

You seek information about your investment with AvasTradeFx.

Please be advised that this is a scam. There is no U.S. government agency called the United States International Trade Commission. The SEC is aware of a number of fraudulent solicitations currently underway that purport to be affiliated with or sponsored by the U.S. government and legitimate securities regulators. Information about how to recognize imposters and imposter fraud tactics are available on our website at: https://www.sec.gov/oiea/investor-alerts-bulletins/ia_demandmoney.html and www.sec.gov/answers/impersonators.htm.

Please be advised that AvasTradeFx is not registered with the SEC, nor does it appear to be based out of the US. We suspect this entity is engaged in what is known as an advance fee fraud scheme. For links to databases of U.S. registered brokerage firms, brokers, and investment advisers, please consult our online publication “Protect Your Money: Check out Brokers and Investment Advisers,” available at http://www.sec.gov/investor/brokers.htm. To find out whether a financial services firm is registered in your home country, please consult the list of international financial regulators and their contact information at http://www.financialregulatorsgateway.com.

The information you provided appears to be part of an advance fee fraud scheme. One of the most common types of fraud we see in our office is “advance fee fraud,” which generally involves scammers approaching foreign investors to offer their services in some type of stock or bond transaction. In many cases, the investor is approached – unsolicited – with the offer to purchase the investor’s seemingly worthless shares. After the investor expresses interest, the scammer will demand payment for some fee before completing the transaction.

For more information on advance fee frauds and other types of scams, visit our webpage on Advance Fee Schemes (available at www.sec.gov/answers/advancefeefraud.htm). You may find additional material on this topic at http://investor.gov/investing-basics/avoiding-fraud/types-fraud/advance-fee-fraud, http://investor.gov/news-alerts/inv...re-investment-offers-implying-sec-endorsement, and the links highlighted on those pages.

Also, if you have not done so already, you may want to contact the securities regulators in your home country for any further assistance they may be able to provide. Contact information for the Australian Securities and Investments Commission is as follows:

Australian Securities and Investments Commission
Level 5,
100 Market Street,
Sydney NSW 2000
- or -
GPO Box 9827
Sydney NSW 2001
AUSTRALIA
Tel: (61 2) 9911 2000Email: gerard.fitzpatrick@asic.gov.auInternet: http://www.asic.gov.au/

Sincerely,

Kathleen Kim
Special Counsel
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(202) 551-5753
http://www.sec.gov
www.investor.gov
www.twitter.com/SEC_Investor_Ed


20190502_183220.jpg 20180629_013435pp.jpg
 

ssteven

Recruit
Messages
20
hi, this is really bad. so many scam brokers and investment websites. we need to find a way to be able to recover our funds.
how did you make deposits to them? maybe you can use a chargeback.
 

FxMaster

Lt. Colonel
Messages
9,154
I have been suggested by this company to invest on binary option and Forex trading by a so called person "Rafeal wescott". I invested $14k AUD so far and when requested for withdrawal they said United states international trade comission is holding the transaction and need to pay $5000 to process withdraw.

After paying $5k , this time they came up with something called as brokerage fee of $2000 and if not paid no funds will be processed.

They gave the fake Comission pdf. I was skeptical on the $2000, so reached SEC for confirmation and they confirmed that there is no comission like "USITC".

Its an advance fee scam, When i go back to avastradefx.com on the scam, they blocked me in the whatsapp and facebook and now not sure how to recover my money.

there website is still operating and i could see people posting on facebook for more scammers.View attachment 42779 View attachment 42780

Response from SEC below:


Dear Mr. Gangula:

Thank you for contacting the U.S. Securities and Exchange Commission (SEC).

You seek information about your investment with AvasTradeFx.

Please be advised that this is a scam. There is no U.S. government agency called the United States International Trade Commission. The SEC is aware of a number of fraudulent solicitations currently underway that purport to be affiliated with or sponsored by the U.S. government and legitimate securities regulators. Information about how to recognize imposters and imposter fraud tactics are available on our website at: https://www.sec.gov/oiea/investor-alerts-bulletins/ia_demandmoney.html and www.sec.gov/answers/impersonators.htm.

Please be advised that AvasTradeFx is not registered with the SEC, nor does it appear to be based out of the US. We suspect this entity is engaged in what is known as an advance fee fraud scheme. For links to databases of U.S. registered brokerage firms, brokers, and investment advisers, please consult our online publication “Protect Your Money: Check out Brokers and Investment Advisers,” available at http://www.sec.gov/investor/brokers.htm. To find out whether a financial services firm is registered in your home country, please consult the list of international financial regulators and their contact information at http://www.financialregulatorsgateway.com.

The information you provided appears to be part of an advance fee fraud scheme. One of the most common types of fraud we see in our office is “advance fee fraud,” which generally involves scammers approaching foreign investors to offer their services in some type of stock or bond transaction. In many cases, the investor is approached – unsolicited – with the offer to purchase the investor’s seemingly worthless shares. After the investor expresses interest, the scammer will demand payment for some fee before completing the transaction.

For more information on advance fee frauds and other types of scams, visit our webpage on Advance Fee Schemes (available at www.sec.gov/answers/advancefeefraud.htm). You may find additional material on this topic at http://investor.gov/investing-basics/avoiding-fraud/types-fraud/advance-fee-fraud, http://investor.gov/news-alerts/inv...re-investment-offers-implying-sec-endorsement, and the links highlighted on those pages.

Also, if you have not done so already, you may want to contact the securities regulators in your home country for any further assistance they may be able to provide. Contact information for the Australian Securities and Investments Commission is as follows:

Australian Securities and Investments Commission
Level 5,
100 Market Street,
Sydney NSW 2000
- or -
GPO Box 9827
Sydney NSW 2001
AUSTRALIA
Tel: (61 2) 9911 2000Email: gerard.fitzpatrick@asic.gov.auInternet: http://www.asic.gov.au/

Sincerely,

Kathleen Kim
Special Counsel
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(202) 551-5753
http://www.sec.gov
www.investor.gov
www.twitter.com/SEC_Investor_Ed


View attachment 42779 View attachment 42780
First of all, invite the company by using the invite company option to your thread. And if you are unable to locate the option then this thread "Tutorial: How to Invite a company to your thread." will help you to find out.

Note: If you are new to FPA then invitation button will be enabled when your first post reaches 4 days old.

Till then follow the below-suggested options to draw their attention on your issue

Invite them to join this thread via email (Send an email to every possible address).
Go to their website and invite them to here via Live Chat
You will find their email and address here https://avastradefx.com/contacts/contacts.html

Also, Share your story as a review here https://www.forexpeacearmy.com/forex-reviews/16427/avastradefx-forex-brokers
You can also share your story on their social media pages.
 
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