AvaTrade Review

Dear Sir

I opened an account with Avatrade in Feb 2021.



They gave me the telephonic call and asked to increase balance to get more profits.

I deposited 7300 dollars and able to withdraw only 1100 dollars. Rest they scammed with me. While I was doing trade there softwates mt4 and ava trade it was hanging many times which caused losses of my amount

I request for return of my amount 6200 dollars.

So like i promised. I FINALLY got the 2088usd at Skrill today after a very long and painful WAR.

I dont believe they would EVER had sent me my money if i had not taking this matter to the public here.

I still do not recommend AVATRADE to anyone.

Mar 22, 2021 - 1 Star This is the ONLY medium you talk to me consistently. You dont reply to my emails. You called my mobile and asked for my naira and USD bank statement which i have already sent to you.

The lady who called me said the funds will be sent to my naira account which means you are insisting i get paid in converted naira currency when i deposited in USD from my USD bank account.

Nevertheless, i accepted to receive the funds in naira at least let me get something back even if at a loss in exchange rate. Even after the call i am yet to receive ANY penny from you.

Today i got an email that the funds have been returned back to my trading account but its a lie as my trading balance is still showing ZERO.

Stop come out straight that you have scammed me rather than moving from pillar to post over 2,088usd. If i EVER get my money or even half of it or even a dime i will come here and say so.

TRADERS BE WISE......STAY AWAY FROM THESE SCAMMERS.

Mar 18, 2021 - 1 Star This is just so annoying!!!!!!!

Just listen to these VERY STUPID scammers asking for bank statement. This is the THIRD TIME they are asking for my bank statement to prove i have not received the funds since i made the withdrawal request in december 2020.

TWICE i have sent them my bank statement showing the history from december 1st to date. I will send it again to date. I don't believe i will ever receive this money because they are just playing STUPID games.

TRADERS DONT FALL FOR THESE SCAMMERS. ITS VERY EASY TO DEPOSIT BUT IMPOSSIBLE TO GET OUT YOUR MONEY

Mar 16, 2021 - 1 Star So just to confirm that these scammers are just replying here with lies. Their last reply here was that the money was sent to me on March 5th, 2021 and in email they said it takes up to 10 days to get the funds. Today is 16th March, 2021 yet i have received NOTHING.

This is how they have ALWAYS replied by email to me since December last year when i made the withdrawal of 2088usd.

TRADERS DONT FALL FOR THESE SCAMMERS

Mar 8, 2021 - 1 Star I just want to update that i still dont have my money......same scam stories they keep saying pushing me from left to right everyday. They dont want to pay me my money and i have given up on these bastards. I have learnt my lessons the hard way.

Dont listen to whatever their customer service replies here because its all lies upon lies. If i EVER get back my money i will come back to give an update.

TRADERS dont be the next victim,,,,dont be fooled to invest with these scammers.

Mar 3, 2021 - 1 Star I still want to update my review on my 2088usd that i have still not recieved the money at bank which they insist to send back the funds to. They told me that i would recieve it in 10 working days time which in normal bank wire standard is a very very poor timeframe to get funds from brokers.

It is over 10 days now and still no money at bank. As usual i have called their office lines and chatted with them via live chat countless number of times and they are always saying thesame thing, 'we would escalate to the relevant department'. This has been going on since 22nd of December 2020, when they claimed the funds were sent out.

Can someone help me to get my money out of these scammers?

AVATRADE SEEM TO BE SHUTTING DOWN BECAUSE IT LOOKS LIKE BANKS ARE NO LONGER WILLING TO DO TRANSFERS FOR THEM.

TRADERS BEWARE!!!!!!!!!

Feb 15, 2021 - 1 Star I just want to update on my review about my pending withdrawal. They eventually sent me proof of funds transfer to my bank account after many struggles for weeks with them. When i read through the transfer receipt i saw the reason why i didnt get the funds even till now. I have never seen any company in the world who will do such a thing.

I sent to my trading account at avatrade USD from my USD Access bank account in Nigeria but when they were sending back my USD withdrawal they converted my USD withdrawal to Naira which is our local currency and they made the equivalent transfer from their Nigeria Naira GTB bank account (instead of their USD GTB bank account) to my Nigeria USD Access bank account. This type of transfer can never go through in Nigeria as you cannot send Naira to a USD account of another bank in Nigeria.

So i complained to them for weeks and told them they are still in possession of my 2088USD as that transaction can never go through. After weeks, they returned back the funds to my trading account and then i repeated the withdrawal of same amount back to source Access bank account.

To my surprise again, i waited for the money for almost one week and didnt get it then i asked for another transfer receipt from them and when they eventually sent the receipt i saw that they make THESAME mistake again converting my USD to NAIRA and sending from their GTB Naira bank account to my Access bank USD account.

I dont know what games these people are up to with my money. Am i being scammed? Are they trying to refuse to pay me my money? Can someone help me here?

Everyone in the company keep saying on live chat they are working on it yet i am not getting any good result. I really need help to get my money out of these scammers. This issue has been dragging since before christmas of 2020.

Jan 18, 2021 - 1 Star I placed a withdrawal on my Avatrade account 6027872 to my bank account on 23/12/2020 and till date I am yet to receive credit. I have chatted with the customer care rep several times with several promises request would be resolved. They promised to send a proof that the funds has been sent and till date no credit in my bank or reasonable response from Avatrade. I have never been this frustrated with a broker like this. Totally disappointed with Avatrade.

Reply by AvaTrade CCare submitted Jan 26, 2021 Dear Karoesete,

We thank you for providing your details in order for us to look into the details for you and liaise with you directly.

Our team will be in touch shortly to assist further.

Warm regards,
The AvaTrade Team

Reply by AvaTrade CCare submitted Feb 16, 2021 Dear Karoesete,

We thank you for providing us with your details to allow us to locate you in our system; we assure you our Customer Services Team will continue to assist via ticket 610470.

The team will continue to help through the ticket, of course, and should have any other queries please do not hesitate to contact us.

We thank you sincerely for your patience, and we absolutely look forward to resolving this matter for you.

Warm regards,
The AvaTrade Team

Reply by AvaTrade CCare submitted Mar 4, 2021 Dear Karoeste,

We wish to highlight that our team has processed the request via ticket #623575; and we sincerely thank you for your patience and cooperation.

We wish to assure you that our Customer Services Team will remain at your disposal until the matter is fully laid to rest.

We thank you again for your patience and sincere cooperation.

Warmest regards,
The AvaTrade Team

Reply by AvaTrade CCare submitted Mar 9, 2021 Dear Karoesete,

We wish to highlight that the proof of payment has been sent to you on the 5th of March 2021; and we duly await confirmation of receipt of funds.

We could not locate an open ticket in our system and thus kindly request you to update us directly as to the funds being received via our Live Chat function or via cs@avatrade.com - we look forward to hearing from you.

Warm regards,
The AvaTrade Team

Reply by AvaTrade CCare submitted Mar 17, 2021 Dear Karoeste,

We sincerely request and duly await for a bank statement from the start of the year up until today as kindly requested which will confirm the payment has not been received.

This will enable us to open an investigation with the relevant parties.

We look forward to receiving this information as soon as you may do so, and should you require any further clarification on what is needed, please do not hesitate to contact us.

Warm regards,
The AvaTrade Team

Reply by AvaTrade CCare submitted Mar 19, 2021 Dear Karoesete,

We sincerely require the bank statement; and to confirm a moment ago one of the Customer Services Team was in touch to further explain this in the aim of moving this all forward for you.

The team is corresponding via ticket 634608; and will continue to do so until this matter is resolved for you - we sincerely wish to resolve this and thus kindly, and tentatively once again request the bank statement. We thank you for your patience and thank you in advance for your cooperation in solving this.

We look forward to hearing from you.

The AvaTrade Team

Reply by AvaTrade CCare submitted Mar 25, 2021 As mentioned in the forum thread, we are pleased that the funds have arrived with you, and we are genuinely sad that you have such an experience and thank you for your patience; however we equally wish to highlight that AvaTrade has acted in accordance with the requirements set out by our regulators and so forth; and we sincerely assisted as quickly as we could.



We also wish to highlight that AvaTrade did, and would have assisted regardless of the matter being brought public; we appreciate you sharing your experience here nonetheless, and thank you for updating that funds have been received.



We thank you for having chosen AvaTrade, and we remain at your disposal for any further queries you may have.



Warm regards,



The AvaTrade Team

More. Community discussion of this issue >>

from spanish Phone 910950692
look here
https://www.responderono.es/numero-de-telefono/910950692
and here
https://www.listaspam.com/busca.php?Telefono=910950692

Oct 5, 2020 - 1 Star Spamming again
Now from phone number +34611365055
Told them not to call many times
Useless

Jul 13, 2020 - 1 Star Avatrade is calling again from Madrid phone 910951143.
If you answer and say that you are not interested, they will insult you.
You can see reviews here:
https://www.responderono.es/numero-de-telefono/910951143
And here:
https://www.listaspam.com/busca.php?Telefono=910951143

Jun 29, 2020 - 1 Star They spam people all over Spain.
If you say "not interested" they will call you again and again.
Probably they will even insult you.
Unbelievable.
Believe me.

Jan 13, 2020 - 1 Star Be careful: They are phone spammers. If they ever get your phone number, they will spam you many times a day.

Reply by AvaTrade CCare submitted Jan 14, 2020 Dear Jtcash,

We are sorry you are having a bad experience. We wish to investigate for you and assist.

We kindly ask you to provide us with the trading account number and the email address you used if you are registered with us, along with the names and numbers you receive calls from, by sending us an email to cs@avatrade.com.

We look forward to hearing from you.

Warm regards.
The AvaTrade Team

Reply by AvaTrade CCare submitted Jul 6, 2020 Dear JtCash,

We kindly request to confirm whether you have been in touch with our Customer Service Department; are you able to provide your customer service reference number please?

Warm regards,
The AvaTrade Team

Reply by AvaTrade CCare submitted Jul 15, 2020 Dear Jtcash,

Thank you for providing the details below; we have relayed this to our Customer Service Team to investigate further.

However, to look into this thoroughly we do kindly request you to email us at cs@avatrade.com so we can search our system to see whether you are registered with us or not to enable us to establish the facts. You may mention Forex Peace Army too to enable us to compile both service tickets; and if you wish to do so via Live Chat from our website, you are welcome to do so too.

Warm regards,
The AvaTrade Team

Reply by AvaTrade CCare submitted Oct 6, 2020 Dear Jtcash,



We thank you for your updated information and we are sorry you are experiencing such occurrences - we have relayed all of the information to our Customer Services Team who will duly investigate immediately.



Warm regards,



The AvaTrade Team

AvaTrade is an excellent example of collaborations in the financial world. It's a trend right now. And the guys from AvaTrade are actively using it.
One of the most successful developments of this kind is the mobile app AvaSocial. This app combines several functions. First, it provides trading signals. They are published by traders themselves. Therefore, their quantity is not limited.
Secondly, it is a trading platform. So you can trade on the spot, so to speak.
Third, this is a social network for traders who can communicate in groups and subscribe to interesting people. In my opinion, this app is very cool.

I chose this broker to trade currency pairs. I use 1:400 leverage for this and no more. I use Metatrader 4. I don’t want to use any other platform because I know more than enough about MT4 and even have several custom indicators made by myself. It’s clear with with self-made indicators it’s pointless to rush to other platforms.
I’m satisfied with the technical side of the broker. At least, I haven’t faced slippage yet.

That's the well-common thing if we speak about brokerage companies, when you're almost satisfied, but there are some things you want to be fixed. The same thing is with me and AvaTrade. In brief: I've joined this company quite a long time ago and my main reason to trade with it was its regulation and reviews I've read on the Web.
Actually, everything was as I expected and first time I was absolutely satisfied. But the more proficient I become, more things seemed to be not so perfect.
Here's the complete list (just 3 points):
1. There's no variable spreads
2. There's no Raw account type (that combines comission + cutted variable spread)
3. Spreads are sometimes going quite high. I don't know why it's so, 90% of time everything is top notch, but sometimes they're 10-20% higher than offered by other brokers of the same class.

I prefer trading on the go. Respectively, the quality of a mobile trading application is very crucial for me. AvaTradeGo from Ava Trade is a rational balance of functionality and user-friendliness. I use this light mobile terminal to trade cryptos, both major ones and altcoins. This platform gives me freedom to trade from anywhere. I don’t need to be tied to my desktop PC to make trades.

It was the first time I decided to trade cryptocurrencies with a broker. Previously, I was scared away by wide spreads and poor choice of assets on platforms.
What should I note? AvaTrade has a more straightforward and faster registration process. In the exchange where I traded cryptocurrencies earlier, it was more time-consuming.
The speed of opening order with a broker is instant. This is very important when the coin price changes quickly. The same Bitcoin can increase by several points in a second. And it can take up to 30 seconds for an order to be confirmed on the exchange. It's very long in conditions of high volatility.
And the main AvaTrade advantage is that you can earn from a broker on the rise and the fall in prices. When buying cryptocurrencies at the exchange, you make money only in the growing market.

I opened two trading accounts with Ava Trade solely for scalping. I should say that I’ve been practicing scalping for two years. For this period, I have changed a great number of traders. With some of them, I’m still trading. Ava Trade is one of them.
I tried this broker and decided to continue working with it. So, I scalp on Mt5 and a mobile app AvaTradeGo. To be exact, I mostly use AvaTradeGo because I like trading on the go, while I use MT5 for detailed market analysis that I usually make once a week. That’s enough for me to understand the market in general for a week ahead.

I have recently discovered mobile scalping. I have a very specific understanding of scalping. From my point of view, the very essence of scalping is to make as many short trades a day as possible. As for this shortness, I mean that a trade shouldn’t be held more than five minutes. In most cases, I hold them even less than a minute. I guess that too much thinking can only increase the likelihood of making a fatal error. It’s like thinking too much when playing chess. As a scalper, you need to act on your gut feeling. You need to feel the market, and you can acquire this skill only through intensive trading. The less you trade, the less skillful as a trader you are.
AvaTradeGo from AvaTrade is a very good app that makes mobile scalping a very intuitive and pleasant process. I don’t want to be glued to the screen, scanning charts within a day. Instead, I trade small lots using AvaTradeGo, thus excluding enormous psychological pressure.