AVFX Capital is a Contract for Difference (CFD) broker established on May 10, 2018, in Saint Vincent and the Grenadines, offering investors trading services in financial derivatives such as contracts for difference, energy, indices, stocks, metals, commodities, and cryptocurrencies. This broker does not provide services to jurisdictions where it would contravene local laws or regulations, including but not limited to the United States, Canada, Sudan, Syria, North Korea, and Iran.
Company Registration Information and Regulatory Status:
According to information on the official AVFX Capital website, its registered business entity in Saint Vincent and the Grenadines is AVFX Technology (SV) Limited, with the specific registration address being Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. The business registration number is 24760. Domain name registration for the broker's official website, according to Whois, dates back to February 28, 2018.
Verification shows that a business named AVFX TECHNOLOGY LIMITED, with registration number 24760, can be found in the database of the Financial Services Authority of Saint Vincent & Grenadines (SVGFSA). However, the SVGFSA does not "regulate, monitor, supervise, or license" business companies (BC) engaged in forex trading or brokerage activities. The regulatory scope is limited to ensuring that BCs comply with the obligations stipulated in Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, 2009 - the Business Companies (Amendment and Consolidation) Act.
Therefore, the financial derivative trading activities operated by this broker are not under effective regulation.
Account Opening:
AVFX Capital account opening: Open the official website of the broker, click "Create Live Account" on the homepage or "Create Account" on the top right corner of the web page to enter the account registration page, fill in your name, personal email address, phone number and other personal information as required, and set a login password and submit. After submission, the account can be successfully registered.
Account Types:
AVFX Capital offers users six different types of real trading accounts: RAW SPREAD, ECN PRO, Mini, Classic, ECN, Swap Free.
Mini:
- Trading Platform: MT4, MT5
- Price Movement Unit: Fifth decimal place
- Maximum Leverage: 1:1000
- Order Execution Type: Market Execution
- Minimum Deposit Requirement: $10
- Spreads From: 1.2 pips
- Minimum Trade Size: 0.01 Lots
- Incremental Trade Size: 0.01 Lots
- Margin Call/Stop Out Level: 50% / 30%
- Telephone Trading: Not Supported
- Account Currency: USD
- Commission: $0
- Bonuses: Available
Swap Free:
- Trading Platform: MT4, MT5
- Price Movement Unit: Fifth decimal place
- Maximum Leverage: 1:200
- Order Execution Type: Market Execution
- Minimum Deposit Requirement: $5000 and above
- Spreads From: 1.2 pips
- Minimum Trade Size: 0.01 Lots
- Incremental Trade Size: 0.01 Lots
- Margin Call/Stop Out Level: 50% / 30%
- Telephone Trading: Not Supported
- Account Currency: USD
- Commission: $0
Trading Platforms:
AVFX Capital offers users two trading platforms: MT4 and MT5.
Deposits and Withdrawals:
AVFX Capital does not disclose the supported methods for deposits and withdrawals on its website.
Summary:
Traderknows reminds investors that AVFX Capital is an unregulated forex broker. Traderknows advises investors to choose brokers that are transparent, well-regulated and reputable for their trading activities, in order to avoid unnecessary losses of their assets.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
