Avatrade (Clone) has been flagged by Financial Services and Markets Authority for "Registered/Licensed entity impersonators". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After seeing ads for Avatrade (Clone) online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Services and Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Flagged by Financial Services and Markets Authority|Cannot verify credentials
I had a dispute with Avatrade (Clone) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Low minimum deposit|Great customer service
Cons: Withdrawal takes 1-2 business days
I experienced a security concern with my Avatrade (Clone) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Multi-currency support|API access|Good mobile app|Dedicated account manager
Cons: None so far
I gave Avatrade (Clone) a fair chance. After for the past year and a half of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Easy to use platform|Fast deposits|Personal attention
Cons: Help articles are sometimes vague
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Avatrade (Clone) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: High security standards|Regular platform improvements|Stable platform
Cons: Search feature is basic
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
I want to warn everyone about Avatrade (Clone). They have been flagged by Financial Services and Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
I had high hopes for Avatrade (Clone) from a review site like this one, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Easy withdrawals|Market news feed
Cons: Desktop app not available on Linux|Search feature is basic