BITCOIN trade in AVAtrade is quite ridicious!!

lostqueen

Recruit
Messages
2
2 days ago, I opened my account in AVAtrade and deposit 5,000 USD to trade bitcoin in their company, the spread is quite good, 6USD minium,But right after my 1st trade, they changed my spread to 14 USD minium, which is quite unacceptable, I mailed their VP who replied me that AVA is just allow people to open a trade with no more than 50 bitcoins (only cost no more than 2,000 USD), and all the policy is written in their website. But after hours of reading their terms and conditions, there just nothing about how much you can trade bitcoin!
It's quite ridicious to imagine that a client can deposit money as much as they like (like 1million dollars) but they can only trade 2,000 USD, otherwise they can say you just violated the poly which never exist!!

Further more, I tried to open several more trades this morning ,49 each ,just within the limitation which they said "no more than 50 policy" ,but I failed without any explaination, and after several seconds, my account became INACTIVE.It's quite obvious they just block my account!

Do not Try to trade any bitcoin in AVA, they just want you to invest, to lose money, but never want you to earn any penny of it!
 

LoRio

Sergeant
Messages
479
2 days ago, I opened my account in AVAtrade and deposit 5,000 USD to trade bitcoin in their company, the spread is quite good, 6USD minium,But right after my 1st trade, they changed my spread to 14 USD minium, which is quite unacceptable, I mailed their VP who replied me that AVA is just allow people to open a trade with no more than 50 bitcoins (only cost no more than 2,000 USD), and all the policy is written in their website. But after hours of reading their terms and conditions, there just nothing about how much you can trade bitcoin!
It's quite ridicious to imagine that a client can deposit money as much as they like (like 1million dollars) but they can only trade 2,000 USD, otherwise they can say you just violated the poly which never exist!!

Further more, I tried to open several more trades this morning ,49 each ,just within the limitation which they said "no more than 50 policy" ,but I failed without any explaination, and after several seconds, my account became INACTIVE.It's quite obvious they just block my account!

Do not Try to trade any bitcoin in AVA, they just want you to invest, to lose money, but never want you to earn any penny of it!
BTC is fresh in FX . Caution.
What is their leverage? 1:10?
 

Pharaoh

Colonel
Messages
19,743
Considering the extreme volatility in bitcoin value, I don't think I'd recommend trading it.

Also, remember what happened to Liberty Reserve. One bitcoin exchanger has already been busted for working with a site selling illegal drugs online. It's possible that bitcoin could be taken out just like LR was.

All that being said, I think Ava needs to get their act together on TOS surrounding trading if they really want to offer bitcoin trades to clients.
 

Master Yoda

Captain
Messages
2,929
Considering the extreme volatility in bitcoin value, I don't think I'd recommend trading it.
I totally agree, the bitcoin feed is not stable and people will look to arbitrage, therefore the companies will be extra cautious and will widen spreads, re-quote, delay trades and so on.
 
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