As part of the Ethereal Group LLC which is registered in St. Vincent and Grenadines, this broker should have Tier 1 regulations. SVG has dissociated itself from providing FX and CFD trading licenses.
Therefore, companies like AvizGroup trading should have a license from the countries where they provide services. This broker is registered since 2021 and since then already earned many red flags. More information will be given in our AvizGroup review.
Also, we recommend you not invest in the fraudulent broker’s Vertex Market, FXsway, and Athens Market.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||The central bank of Russia, KNF|
|Owned by:||Ethereal Group LLC|
|Headquarters Country:||St. Vincent and Grenadines|
|Types of Assets:||Forex, Commodities, Indices, Shares|
|Free Demo Account:||No|
|Accepts US clients:||No|
Is AvizGroup A Scam Broker Without A License?
AvizGroup broker doesn’t mention anything about licenses on their fancy website. We didn’t want to spread a bad word without reason, that’s why we checked the register of most common regulators.
Such regulators are coming from the Tier 1 group and they provide the most comfortable environment for traders. Some of those are FCA, ASIC, and BaFin. None of them have in their archive any business with AvizGroup.
While trading and scamming traders, this broker earned already warnings from regulators.
Offshore and non-regulated is a recipe for a scam. Non-transparent trading conditions and unaccessible trading platforms are an addition to doubts about AzizGroup. On top of that, warnings from regulators are the last straw.
Reasons for Using a Regulated Broker for Trading
The main reason is not to become a victim of a scam. If you were working hard all of your life, you don’t want to throw away your life savings to a non-trusted broker. That’s why you look for regulated ones. If possible, look for the Tier 1 regulators that we mentioned earlier.
Blacklisted by the Central Bank of Russia
We all know, there is no joking with Russia. Usually, central banks of countries don’t bother looking for scammers and many countries have their regulators. They are mostly working under CB instructions.
However, in Russia, the Central bank is everything and they already issued a warning against this broker. Another institution that issued a warning is Polish KNF.
As mysterious as it gets. The broker claims that it offers the MetaTrader platform. Yet it’s not sure since you need to register first.
Whatever option we choose to get access to the platform just leads you to the sign-up form. Thus, we are not sure if they really have access to MT or if it’s just a bogus scamming web trader.
AvizGroup Trading Instruments
As a broker that is not regulated, we doubt the legitimacy of the data presented about these instruments. They don’t offer transparent access to the platform and that’s what is worrying us. However, they provide 4 asset classes:
- Forex EUR/NOK, USD/JPY, JPY/AUD
- Commodities cotton, oil, gold
- Indices DAX30, Nikkei225, AU200
- Shares Amazon, Pfizer, Siemens
CFDs are overall risky investments, especially with leverage that this broker offers up to 1:100. If you are an inexperienced trader, you better look for a licensed broker that offers you lower leverage and lower risk of losing money.
AvizGroup – Service Countries
If you check any AvizGroup reviews you will find that they are scamming traders from:
As a disclaimer, we need to say that those are the visible ones. It’s just a matter of time before some other countries will come up as targeted by these swindlers. It’s better to start looking for a different broker on time before you got ripped off.
List of AvizGroup Account Types
As per the company statement, they offer 4 different account types. They vary in trading conditions, such as leverage. Other benefits are exclusive assistance, more educational tools, etc. Standard offers for scammers.
Anyway, those 4 accounts are:
- Mini 250$
- Standard 1.000$
- ·Classic 2.500$
- VIP 5.000$
What this broker offers as a promotion is a refer-a-friend program. That is the most common way to lure clients, besides their false adverts about automated software. If you bring people to the company, you get a small percentage as a commission.
Rewards for such things are nonsense because you are becoming an affiliate. If you wanted that, you could do any other business. Passive income comes from money working for you, not you working for money.
AvizGroup Deposit and Withdrawal Policies
If we are going to make a conclusion based on the website, they offer the following payment methods:
- MIR and
However, you can’t check those unless you register. That way you are risking getting dozens of calls in a very short period.
According to the company, they don’t have withdrawal fees.
AvizGroup Terms and Conditions
Even though the broker provided pretty transparent legal documentation, we doubt they stick to it when it’s not going in their favor. The leverage of up to 1:100 is already breaking all EEA zone and ESMA rules. The maximum allowed leverage is 1:30.
On top of that, spreads on assets are not disclosed anywhere. Since we are not able to access the trading platform without registration, we can’t check those conditions. So, you can expect the unexpected.
Scammed by an AvizGroup Broker? – We Want To Hear Your Story.
Many warnings are out there. People who were scammed made that happen by sharing their stories. Feel free to share yours with us. If you got scammed by AvizGroup trading company, you can contact us to assist you with the recovery of the funds. Our experts can help you with the first steps. Don’t wait too long and get in touch today.
What Is the Chargeback Procedure?
A chargeback is a procedure where you reverse a transaction made with a debit/credit card. Either you or the merchant can make such a request. Just have in mind that these options are time limited. Book your consultation today.
What Is AvizGroup?
AvizGroup is an offshore trading company offering FX and CFD assets without an adequate
license for such services.
Is AvizGroup a Scam Broker?
Yes. They don’t have regulation and already 2 warnings are issued against them by Russian Central Bank and KNF from Poland.
Is AvizGroup Available in the United States or the UK?
Throughout the research, we couldn’t find any lead to information about customers from the US or the UK.
Does AvizGroup Offer a Demo Account?
No. Broker only offers live trading accounts, but with low minimum requirements. Anyway, we wouldn’t trust even those small amounts to non-regulated brokers.