With AvaChoice, the first thing you see is yet another sad attempt to make a pun and show clients that they “did make the right choice.” However, we would never say it’s right nor the choice that should be made. Read our AvaChoice review, and let’s find out what’s wrong with this brokerage.
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||No Info|
|Owned by:||Vegatek Green Trade Kft|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
AvaChoice Regulations and Security
AvaChoice is a brand owned by Vegatek Green Trade Kft, registered in Hungary. As a broker based in the EU, it should be regulated by one of the Tier1 license providers. Logically, we’ve checked the HFSA register first but found no regulation. Therefore, we’ve checked FCA, BaFin, FINMA, and more. After all, we can indeed say that AvaChoice is an unregulated entity not worth your time or money.
So, if you are one of those unlucky people who are already involved with this fraudulent firm, all you can do is file a dispute and request a chargeback.
Fund Withdrawal Issues With AvaChoice
Since we’re talking about unregulated firms, no wonder AvaChoice reviews are frequently mentioning withdrawal issues. According to clients, withdrawal requests are never being processed, while many cannot even access their trading accounts anymore. Shortly after they requested payout, they noticed that their accounts were having login issues. Once they contacted the account manager and reported the problem, they got no answer.
Basically, it seems like a technique AvaChoice brokerage uses to prevent clients from withdrawing funds or even accessing them.
If you experience something similar, file a complaint immediately. Also, we recommend staying away from scammers, such as EuroFX, CFreserve or CCG Trade, because you will not be able to withdraw funds!
Traders About AvaChoice Scam
Reading AvaChoice reviews, we’ve come across some shocking information. The broker asks clients to pay all the “taxes and fees” necessary for withdrawal upfront, just for the payout not to be processed. No matter how hard you try or how much money you pay to the company under the name of withdrawal costs, you will never see a penny back.
Please, beware of fraud and never pay any money before you’re sure you will be paid out!
How To Know If You Have Been Scammed Online?
Having withdrawal issues is the culmination of a scam. However, there are many things prior to that you should pay attention to. If your account manager is pressuring you to invest more without showing any results, or if the results are too good to be true, you should think well about what’s going on. Besides, AvaChoice allows deposits using debit/credit cards or Bitcoin.
Beware that Bitcoin transactions are hard to follow and try to avoid since you may have no chance of getting your money back. Using your credit card is safer since you can always file a dispute and request a chargeback up to 540 days after the fraudulent transaction occurred.
Scammed by AvaChoice? – Tell Us Your Story
If you were scammed by AvaChoice or any other scam brokerage, let us know. We will connect you to chargeback specialists who will guide you on how to collect sufficient evidence and file a successful dispute.
But What Is A Chargeback?
This is a way for your bank to reverse the transaction in case of a scam. For further details, contact us via online chat, book your free consultation, and let’s get your money back!
What Is AvaChoice?
AvaChoice is a fraudulent online trading brokerage from Hungary.
Is AvaChoice A Scam Broker?
Yes, AvaChoice is accused of being a scam by many investors who can’t withdraw their funds.
Is AvaChoice Regulated?
No, AvaChoice is based in Hungary and has no regulations for providing financial services.