Back in 2006, when Avatrade decided to launch its trading service little did they know that it would entwine itself into a scam in the upcoming days. The firm, situated in Ireland is one of the scams that is soon going to be unfolded by First Option Recovery. AvaTrade offers a lot of bogus claims as to what they can offer, including insanely high returns, non-acceptance of clients from the United States and difficult withdrawals which projects Avatrade Scam as something that is soon going to be exposed within some time.
If you don’t know who First Option Recovery is, then its high time you know about us. We are the best Fund Recovery group in the world and so, far we have recovered over $19 million for 2400+ clients. We have worked in over 3180+ cases and our amazing team of 128+ attorneys, couples with private investigators, legal advisors and bankers have been working diligently for over a decade now to end all kinds of financial frauds across the world. We also make sure that you sign a confidentiality agreement so that all the recovery process takes place in a secluded manner and we believe that this exact clandestine approach has made us the numero uno choice in the fund recovery firms across the globe.
Let’s look at a few major factors that led us to believe about the AvaTrade Scam
No commission on successful trades
AvaTrade Scam itself was let out, owing to this very first point itself. They promise commission-free trades which seems to be quite fishy. Trading is an expensive process. You need to handle so much stuff at the same time including staff salaries, website maintenance, server costs, taxes, and other charges as well. In such a case, how it is even possible to offer no-commission trades in the very first place itself. An investigation by the First Option Recovery team found out that the broker often charges commissions based on the account types. There are other hidden fees as well.
The AvaTrade scam would soon be exposed owing to the team of private investigators of First Option Recovery who are present in Ireland where it physically verified the address that was given on their website. The worst part was that there was no such company at the given address and the address that they provided actually didn’t exist. We were as much shocked as you were. How can a company so big provide such fake addresses when it is dealing with multi-million dollar trades in the very first place itself? Sad, but true, we highly suggest you stay away from such scams and save your hard-earned money.
Difficult Withdrawals and no support
The worst part about AvaTrade is the fact that when you make small trades and want to withdraw your money, they come with all kinds of stupid excuses on a daily basis. They would say that they have some kind of tax issues or some government bond issues where a trader can withdraw money only and only if he makes huge profits and all random crap like that. This is clearly against the rule and you need to realize that you are slowly getting entwined into becoming a victim of the AvaTrade Scam. We at First Option Recovery, tried to contact them with the issue, but we received no response. Clearly shows how irresponsible their customer support team is.
What to do if you have lost your money in the AvaTrade Scam?
Since the firm has been in the news since 2006, we have already dealt with a lot of victims of the AvaTrade scam. We, at First Option Recovery, have successfully dealt with them and have recovered funds from all kinds of frauds associated with AvaTrade. As a fund recovery firm, we specialize in Options Recovery, Cryptocurrency Scams, Debt settlement, and Mortgage refinancing. In the end, providing you with top-level advice from our team of advisors and the best recovery solutions is our ultimate goal. Do contact us if you have been a victim of the AvaTrade Scam.