Broker Review

Unauthorised firm details

Name: Avaxmarkets.com

Website: www.avaxmarkets.com

AVAX Markets has been attracting attention in the online trading space—but not for good reasons. Many users report being pressured into larger deposits well beyond the initial €250, often reaching €1,000–€2,000 or more. These requests are framed as necessary for your portfolio to be “appealing” to their professionals.

Once you deposit, withdrawals become a major issue. Users describe blocked or delayed requests and unresponsive customer support, making it extremely difficult to recover funds. Many traders have reported repeated follow-ups from the platform, but only to push for additional deposits rather than assist with withdrawals.

Regulatory concerns add to the alarm. In Austria, the Financial Market Authority (FMA) issued a warning stating that AVAX Markets is not authorized to provide trading services. Claims of other regulatory oversight, including ASIC logos on the website, could not be verified, raising questions about the platform’s legitimacy.

Bottom line: AVAX Markets exhibits multiple red flags typical of high-risk or scam brokers. Traders should exercise extreme caution, avoid making unnecessary deposits, and consider well-regulated alternatives. Document all interactions and consider professional fund recovery services if funds are at risk.

Protect yourself: Thorough research, awareness of regulatory warnings, and cautious investment decisions are essential before engaging with any online trading platform like AVAX Markets.