I am going to share with you this high profile forex broker, Avafx whether it's scam or not. Enjoy my review and rantings!
In: Avafx Fraud| Avafx Scam
5 Mar 2010Since its emergence in 2006 and the company is facing lots of campaign questioning its integrity and claiming that Avafx is indeed a “fraud”. So let us take a closer look about what they said in these campaigns and whether this avafx fraud case is true or not.

First of all, this avafx fraud case scenario was first claimed after the emergence of the company on 2006 and it was done by several customers who claimed that they had several problems dealing with avafx. The first thing they said is that they were not able to withdraw their profits from the company. When you look at the forums, you will see that there were lots of posts discussing such problems and those customers kept discussing their bad experience with the company. After a while we started to discover that most of the claims were just fake posts made by affiliates to competitor companies and they were only trying to boost the fraud image at avafx so people would stir away from the company and stay with the competitors.
In the beginning, investors believed that these posts about the avafx being a “fraud” may be true. But, after a short while they discovered that most of the posts talking about problems with avafx transactions are promoting other companies and brokers. That made the experienced investors realized that most of these posts are fake and nothing more than a marketing ploy by the competing affiliates.
Of course some investors had problems withdrawing money from avafx but, the number of these investors is insignificant when compared to the total number of investors dealing with avafx on daily and monthly basis. For example, the clientele base of avafx had exceeded 50,000 investors performing a volume of 20 billion dollar transactions every month so, even if 500 investors are facing problems every month then this is just one percent of the total number of the clients while there are still 49,500 investors who are dealing smoothly with avafx.
Through the following years, people started to abandon the avafx fraud campaigns because they saw the results of different people working with avafx and how they are making profits and receiving money smoothly and easily.
Since 2008 and the avafx fraud wave had been fading because people started to see tangent profits and lots of investors had dealt with avafx and got their profits out of the accounts easily without any problems. Although there are still individual cases where the money got delayed but, these sporadic cases are not considered scam because we are talking about a very small percentage out of the whole number of investors dealing with avafx.
Also, checkout this other post regarding another avafx fraud/scam scenario: avafx forexbastard scam .
The Avafx/forexbastard scam is one of the most debated issues that were posted over the internet in the past couple of years. The root of the story is the three key players of the forex market Avafx, FX solutions and the Forexbastard company. The founder of the avafx is David Cohen, the old forex veteran who started his first steps in Wal Street in the early 60s. Before David had started avafx, he co – worked with Felix and started the FX solutions on 2001, five years before David started avafx.
People stated that in this avafx/forexbastard scam is that these three are connected to each other and are only operating for their own profit and not for the investors’ beneficial. After that the three sides of the triangle separated and every one of them was working for his own but people still connected them all together.
While people still think about the connection between the three entities, the three companies possess a huge portion of the forex market over the internet. The FX solutions company was registered in the United States and managed by Felix, avafx is registered in the British Virgin Islands and managed by David Cohen and finally Forexbastards changed its name into Forex Peace Army and it is specialized in providing reviews for the different forex brokers operating via the Internet.
Another opinion is postulating that the avafx/forexbastards scam is just a response from those competitor concerned about the affiliation between avafx, FX solution and forexpeacearmy. In other words, the affiliation between these three entities made the other brokers in the market very jealous and they launched an “attack” just to affect their success.
When you search for avafx through the major search engines, you will find several cases and reports linking this company to FX solution and claim that both of them are managed by the same people. These reports also claim that both companies have unclear activities in canceling customers’ accounts and subtracting all their profits without releasing it to them.
Some customers had problems withdrawing their funds from the accounts. On the other hand, there are lots of customers who tried trading with avafx and they were highly satisfied with the service. Those customers are also posting their reviews and claiming this avafx/forexbastards scam thing is not true and that the company is trustworthy.
Both opinions are claiming each others as liars and both of them are accusing each other of being affiliates to competing broker companies. The only way to make sure which opinion is right is by trying the service with a little amount of money just to test the water and see if everything going ok or not.
When the opinions are highly contradicting each other, the investor should go in and check with his own eyes. Read this avafx scam review post to know more.
Since it was launched in 2006 and Avafx had created a huge buzz in the brokerage world. People started joining because they knew that this company is one of the few brokers that you can trust online. Once the client base started to expand exponentially, people started to post their personal experience about dealing with avafx in several forums. Most of these reviews were positive but some of them were stating that avafx is not a trustworthy company and postulated the “AVAFX SCAM” expression.
Some competitors started to emphasis on the expression of avafx scam, especially in the beginnings of 2008 where the client number leaped to over 30000 investors signed in with avafx. These competitors started to post their comments everywhere talking about the “bad side” of avafx, some small investors followed these opinions and stir away from this broker but just after couple of months, experienced investors started to look closely at these posts and “see” another side of story behind these posts.
When you start looking by yourself, you will see that the number of the posts against avafx is not even one percent of the number of satisfied clients dealing with the broker, if we will consider that all the negative posts are posted by real clients that had bad experiences with avafx.
The client base of avafx includes more than 50,000 investors that perform over 20 billion dollars transactions every month. These clients invest anywhere from 100 dollars to millions of dollars and they are funding their accounts and receiving profits smoothly without any problems. Of course any huge system like this could have some flaws or some clients who are facing problems but, this should not be turned into some kind of scam alert.
A remarkable portion of these negative posts are due to faults on the customer’s side and not on the company’s side. So, if you find that someone is posting a negative experience with avafx then keep looking for the replies and see whether the problem resolved or not and what was the problem exactly.
When you see this kind of “avafx scam” expression in any place make sure that you see what is written inside and whether this is a real investor that had a bad experience with the company or it is one of the other competitors’ affiliates who are promoting their businesses against others. Make sure that you know what the problem is and whether it is the investor’s fault or the company’s fault.
Most of the problems that I have ever seen talking about avafx being a scam broker were talking about delay in response and all of them go back to a couple years earlier. When you browse through the internet these days, you would not be able to find something up to date talking about avafx scamming traders as the avafx company had expanded the number of its customers and these false negative feedbacks are not affecting the huge company.
In 2010, people are now sure that Avafx is indeed a trustworthy forex broker and people are dealing with this company successfully for all kinds of trading. Hopefully this kind of avafx review post will expose to the potential traders the truth about this honest broker.
The title says it all... keep reading if you want to know whether you can rely on this broker or not.
Avafx Broker. Trader’s Choice?
In: Avafx Broker| Avafx Forex| Avafx Review| Avafx Trading
6 Mar 2010Avafx broker is one of the leading brokerage companies operating online and offering its services for thousands of customers all around the globe. The broker was established by one of the highly experienced forex experts called, David Cohen, and this expert is one of the old mentors of the forex market in the United States and all over the world.
Avafx broker targets small and medium-sized business men and traders who are willing to trade forex, stocks, crude oil and precious metals and it is offering them several choices for account opening. The broker offers silver, gold and platinum accounts so, every customer can choose the type of account that suits them. At the same time, you can also try your luck first with avafx demo account that you can open within seconds just to try the service. It is a virtual account that contains 100,000 dollars where you will be able to use it to access all the service levels in the platform, acquire signals and advices as if you are dealing with real money on real-time and finally trade your forex pairs or stocks or even precious metals.
Avafx broker is now considered a great option for those who want to start their first step in the forex market because of the huge resources the investor get access to. At the same time, the investor or the trader can start his account with just 100 dollars. This means that you do not need to invest a large sum of money just to deal with a large broker but, you can invest the amount you want and still deal with a large reputable broker like avafx.
Avafx broker also have a highly secured website with a huge variety of payment options and this gives the investor the needed freedom and confidence in using the website to credit and withdraw his money.
The website security includes but not limited to 256 SSL encryption, trust seal and the very important daily check through McAfee in order to make sure that the website is far from any attacks and that the customers can use it securely. Avafx broker also present a wide range of payment options including credit cards, PayPal and Moneybookers in order to give their clients the freedom in trading and funding through their accounts.