Avon Equities has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators". We are concerned that Avon Equities and its website may be operating a scam.
Avon Equities website offers investment packages, falsely claiming to be based and regulated in New Zealand. We are also aware of client funds being withheld.
Avon Equities is not registered on the Financial Servic... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Avon Equities changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Quick verification|Excellent charting|Market news feed
Cons: Currency conversion fee exists|Could offer more webinars
Avon Equities has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Multi-device support|Risk management tools|Full transparency|Copy trading available
Cons: Would like more payment methods|None so far
Avon Equities advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Competitive fees|Regular updates
Cons: Minimum deposit could be lower|Nothing significant
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Avon Equities recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Stable platform|Easy withdrawals|Regular updates|Intuitive for beginners
Cons: Could offer more webinars