Avachoice (avachoice.com) claims you’ve made the right choice if you join their trading platform. What most of you might fail to understand is the high risk that comes with this trading platform. Members have been having a hard time trying to withdraw funds from the platform. Ava Choice also uses a trading name close to a genuine trading platform. We believe the platform wants to associate itself with legit platforms. Here’s more in our comprehensive AVACHOICE REVIEW.
According to their about us page, the platform boasts of being a top-notch trading platform. But, unfortunately, there’s no background or history of the platform. And this means we are dealing with an unknown entity.
It’s nice to know the kind of trading platform you’re using. What we can say is that most investors fell in love with the design. It looks totally professional, and we get why most signed up with it.
Avachoice does use aesthetics and appeal to help get members. The only issue is that the platform will block the withdrawals of most of the new members. We hope that authorities will reign in and stop the platform.
It would be best if you were looking for a viable investment platform with a proven track record. These platforms offer investors a chance to make real ROI. Then, go for innovative platforms that guarantee the safety of funds.
Ava Choice is taking investors for a ride. Finally, we have concrete proof that shows why regulators will have a problem with it. After concluding their investigations, regulators will finally issue a warning regarding Avachoice.com.
Your first step as an investor is to do due diligence. Make sure to find out what others are saying about the platform. You can read our reviews on any platform relating to crypto and forex. It helps you make a more informed decision.
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Ava choice offers three account types to members. Each of the accounts comes with a different feature that suits the trader. The three accounts include Silver, Gold, and Premium. However, we have a problem with some of the features, such as high leverage.
Let’s take a closer look at the three accounts;
It’s the most basic account, and investors get leverage of 1:200. However, regulators consider this as high leverage and is a risk to investors. That’s why there’s a cap on leverage set at 1:100 and 1:50 for retail traders.
For the gold account, members share the same leverage as the silver account holders. Additional features include having an account manager and 24/7 live support. There’s no mention of the acceptable minimum deposit on each of the accounts.
As the name suggests, the account is the most exclusive of the three. Members get high leverage of 1:500. Other additional features include free VPS services and access to an account manager. All assets come with a different set of leverage, especially indices.
There’s no mention of an available minimum deposit which means the platform is taking advantage of investors. You should know that the industry has set $250 as the acceptable minimum deposit. The platform will claim that the more you deposit, the higher your chances of winning.
You could fund your account with $5,000 and get the same features as one who deposits $100. The platform ought to stipulate the acceptable minimum deposit for each of the accounts. And this is another red flag that most will fail to notice.
Instead of offering investors a reliable account manager, the platform does a shoddy job. You get call agents who nag you with calls asking for more deposits. Members have been complaining of receiving numerous calls from these account managers.
The caller will claim to have an exciting investment opportunity. All you have to do is deposit more funds and wait for the profits to soar. But, unfortunately, those who make this mistake don’t get to profit from the investment.
Attempts to try and reach the account manager will fail at every turn. The platform will replace the old manager with a new one. You will get an excuse that the manager is away on leave. And that’s how you lose more of your funds.
There are five classes of trading instruments available on the platform. These include commodities, crypto, forex, indices, and stocks. In addition, you can trade commodities from leading sectors such as energy and manufacturing.
The platform fails to list the available crypto assets. However, you can trade major and minor pairs when it comes to forex trading. Thanks to DAX, Dow Jones, NYSE, and other exchanges, members also get to trade with international markets.
You also get a chance to trade stocks from leading companies. These include stocks from the FAANG group and other leading brands. With each asset enjoying different leverage, you can indeed make a killing but won’t withdraw.
Ava choice is not a licensed platform, and no regulator is backing them. So we don’t get to see any regulator coming up with records of their license. And this makes avachoice.com an unregulated trading platform.
Avoid such platforms as lack of any regulatory framework comes at a huge disadvantage. The platform ends up imposing harsh and unfair trading conditions. An excellent example is a high leverage set at 1:500.
Vegatek Green Trade Kft is the name claiming to operate the platform. According to the disclaimer, the entity was registered in Hungary. However, there’s no such entity found on the Company register in Hungary.
You will notice that the platform doesn’t mention names on platform. It helps them avoid any prying eyes. We don’t know the CEO or CFO of the operating company or any of its staff members.
And this makes Ava choice an anonymous investment platform. You won’t get to trade peacefully with an unknown platform. Try to avoid anonymous and unregulated platforms as these are high-risk options.
To try and sell the platform, there’s a client testimonial page. But, again, these are stock images with no way of proving these are actual members. We have seen this type of marketing before from offshore trading platforms.
Your other important task before signing up with any trading platform is testing their support structure. Finally, you should sign up with a platform that offers direct means of communication. Ava Choice is definitely not one of them.
You only get a UK phone number that rarely goes through. We believe the platform is using the services of a virtual phone provider. Even the account managers won’t call you with the number listed on the homepage.
Ava Choice only accepts bank and wire transfers as a mode of account funding. Once you open an account, you will receive an email with instructions on how to deposit. After funding your account, the balance will reflect on your dashboard within 24 hours.
We don’t recommend it as the platform blocks most members from withdrawing funds. Those that get the opportunity to withdraw only do so with small amounts. The platform will likely accept members to withdraw 10 percent of the balance.
Your funds are far from safe with a platform that fails to offer investors any real trading. In addition, the platform doesn’t segregate accounts. Your funds also don’t enjoy insurance cover, which puts you at risk.
There’s no way we would recommend using Avachoice. So please stay away from it.
The best option is to go for innovative platforms with a proven track record. Go for platforms that guarantee safety.
Feel free to leave a comment or email us with any queries.
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