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AvaxFX Markets
Operating status: SCAM
Website: https://avaxfxmarkets.com/
Broker violations and abnormal records
AvaxFX Markets' website does not clearly state any regulatory oversight, but it displays the logo of the Australian Securities and Investments Commission (ASIC) in the footer, which may mislead users into believing it is regulated. However, our search of ASIC’s official database found no record of AvaxFX Markets, raising serious concerns about potential false representation.
Additionally, while the platform claims to be based in Montenegro, we have also searched the registry of the Securities Commission of Montenegro (SCMN) and found no matching entity. This further confirms that AvaxFX Markets is not authorized or supervised by any recognized financial regulatory authority.
Given that the platform operates without any verifiable regulation, it poses a high risk of fraudulent activity.
AvaxFX Markets' website does not clearly state any regulatory oversight, but it displays the logo of the Australian Securities and Investments Commission (ASIC) in the footer, which may mislead users into believing it is regulated. However, our search of ASIC’s official database found no record of AvaxFX Markets, raising serious concerns about potential false representation. Additionally, while the platform claims to be based in Montenegro, we have also searched the registry of the Securities Commission of Montenegro (SCMN) and found no matching entity. This further confirms that AvaxFX Markets is not authorized or supervised by any recognized financial regulatory authority. Given that the platform operates without any verifiable regulation, it poses a high risk of fraudulent activity.
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Risk Warning:
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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