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AVFX Review - is it scam or safe?

AVFX review - Is scam or good forex broker?

RATING: 1 / 3 REVIEWS ForexBrokerz AVFX
AVFX is an offshore broker. Your money is not safe.


Scammed by AVFX? Click here!

AVFX is an offshore forex and CFD broker, offering over 30 currency pairs with several account types on the MetaTrader4 platform. If you are thinking about opening an account with them be sure to read this review first.


Account type Min. deposit Max. leverage Spreads
AVFX Micro Account $10 1:1000 1,8 pips
AVFX Pro Account $500 1:500 1,5 pips
AVFX Islamic Account $1000 1:300 1,2 pips
AVFX Multi Terminal Account $1000 1:1000 1 pip


AVFX Advantages:


Over 30 currency pairs


AVFX offers about 30 forex pairs with some exotic currencies like Turkish Lira and the Singapore Dollar. The broker also offers CFDs on spot metals like silver and gold, stocks and oil. However, as there are no crypto assets offered, here you may check our list of brokers, where you can trade Bitcoin CFDs:


>>Bitcoin Forex Brokers<<


You can open a trading account with just 10 USD


You can open a trading account at AVFX with just 10 USD and that is great. Still, we should note that the minimum deposit requirement for any of the premium accounts is much higher - 500 USD for the AVFX Pro Account and 1000 USD for the AVFX Multi Terminal Account. 


Have in mind as well, that some big, well respected brokers like FBS and IG offer trading accounts with an initial investment of just 5 USD.


Leverage of up to 1:1000


Leverage as high as 1:1000 is basically as good as it can get. Our advise, however, is to use leverage with caution as it comes with an increasingly higher risk of loosing your funds with the slightest fluctuation of the market.


It is not a surprise that in the beginning of August the European ESMA caped the maximum leverage allowed with forex at 1:30, while similar regulations in US and Japan, restrict leverage levels to 1:50 and 1:25 respectively.


Meta Trader4 offered


AVFX supports MetaTrader4 and that is good news. MetaTrader4 is a reliable platform, light and intuitive, featuring plenty of charting tools, market indicators and the option to run automated trading sessions, with the help of specially designed trading bots or Exper Advisors, as they are called, which one can easily modify on an in-build editor. Here you may also want to check our list of brokers, offering MetaTrader4:


>>MT4 Brokers<<


AVFX Disadvantages:


No license


AVFX is owned by AVFX Technology (SV) Ltd, a company based in St. Vincent & the Grenadines, while the site is operated by SM GLOBAL INVESTMENT LTD. Here we should note that both companies do not have a license to provide financial services and to operate forex and CFD brokers in places like USA, EU, Japan or Australia.


Have in mind that proper regulation is the single most important factor for the safety of any investment on the retail forex and CFD market. 


Respected financial authorities such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) do provide sufficient protection to investors by forcing all brokers, licensed by them, to follow strict fiscal and ethical rules. 


Besides, traders with FCA brokers are even entitled to a compensation of up to 50 000 GBP in case their broker is unable to pay. A similar compensation scheme protects up to 20 000 EUR of the trading capital with all CySEC regulated brokers. 


Besides, here you may check our list of FCA regulated brokers:


>>FCA Regulated Forex Brokers<<


Uncompetitive spreads 


As tested with a demo account the benchmark EURUSD spread fluctuated between 1,1 pips and 1,2 pips, which is acceptable. However, we are not sure which trading account our demo account mirrors.  


Spreads as advertised with the opening Micro Account start form 1,8 pips, which is higher than what traders would usually expect. That said, although spreads with the rest of the accounts might seem more attractive, the respective minimum deposit requirements make those accounts less accessible. 


Besides, here you may check our list of brokers, offering tighter spreads:


>> Lowest spread forex brokers<<


No information about the payment methods


Most brokers accept payments with credit or debit cards like VISA and MasterCard, e-wallets like Neteller and Skrill and bank wire. Unfortunately, we were not able to find information about payment methods on the web page of the broker. Here, however, you may check our list of brokers, where you can pay with Bitcoins: 


>>Forex Brokers Accepting Bitcoin<<




AVFX is an unregulated offshore broker, and this makes any investment with them quite risky. As we already discussed, the problem with all unregulated brokers is that the safety of your investment depends solely on the integrity of the people behind those brokers. So our advise is to deal only with brokers, regulated by well respected institutions. 

Latest news about AVFX
No news about AVFX. Check back later.
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Traders` reviews for AVFX
















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Beware of these scammsters Cabana Capital

AVFX ( Sm Global ) is froud company they will cheated the people and loss the money afetr they will not attand the call pls care fully about the avfx capital they always target on the cheated the people

Virendera Joshi 10/10/2019

Scam Broker

avfx is a scam broker. They froud with many people in India and others countries. They stole people's money and block us on mobiles and Facebook and support services. They not reply emails. Plz stay away from avfx. I have all proof.

Abdual Salam 10/09/2019

Updates about AVFX...

Dear Concern,

Updates about AVFX...

1. More than 70+ Currency, 4 CFD, 10+INDICES, GOLD, Silver COMODDITIES, 5+ CRYPTO Currency is available.
2. Offering Cent accounts to the clients.
3. Leverage Minimum is 1:50, Maximum upto 1000.
4. SM GLOBAL INVESTMENT LTD is sister concern company of AVFX TECHNOLOGY LTD. SM GLOBAL HAving MT4 and AVFX Technolgy Ltd have MT5.
5. Accepting payment through DEBIT AND CREDIT CARD.
6. Highly motivated for the company.

Neetu Tanwar 03/19/2019
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