Table of Content
AvizGroup Review – All You Need to Know About This Firm
Table of Content
As a part of the Ethereal Group LLC which is registered in St. Vincent and Grenadines, this broker should meet Tier 1 regulations. St. Vincent and Grenadines have not granted any FX and CFD trading licenses.
Accordingly, companies such as AvizGroup trading should have a license from the countries where they provide services. This broker has been registered since 2021 and has already accumulated many negative remarks in this short period of time. Further details can be found in our AvizGroup review.
|Broker Status:||Offshore scam|
|Blacklisted as a Scam by:||Russian Central Bank, KNF Poland, BaFin, Finanstilsynet|
|Broker Owner:||Ethereal Group LLC|
|Headquarters Country:||St. Vincent and Grenadines|
|Online Trading Platforms:||Meta Trader (allegedly)|
|Crypto Asset Trading:||Not available|
|CFD Trading Option:||Yes|
|Available Trading Instruments:||Forex, Commodities, Indices, Shares|
|Free Demo Account:||Not available|
|Accepts US clients:||No|
Is AvizGroup a Legit Brokerage? Safety and Regulation
In spite of having a fancy website, AvizGroup scam broker makes no mention of licenses. We checked the register of the most common regulators because we didn’t want to spread a bad reputation without justification. These regulators come from the Tier 1 group and offer the most welcoming environment for traders. FCA, ASIC, and BaFin are a few of these. There is nothing about AvizGroup in any of their archives.
This broker received warnings from regulators while trading and defrauding investors. The main motivation is to avoid becoming a scam victim. If you spent your entire life working hard, you don’t want to give your life savings to an unreliable broker. You search for regulated ones because of this. If at all possible, look for the Tier 1 regulators that we previously mentioned.
We are all aware that Russia is not a laughing matter. Since many nations have their own regulators, central banks typically don’t bother looking for con artists. Most of the time, they follow CB directives.
The Central Bank of Russia, which is everything, has already issued a warning against this broker. Polish KNF is another organization that has issued a warning. As well as BaFin, CONSOB and Finanstilsynet.
AvizGroup Software Overview
It’s as enigmatic as it gets. According to the broker, the MetaTrader platform is available. However, it’s uncertain because you must first register. Whatever option we select to access the platform, just takes us to the sign-up page. As a result, we are unsure if they actually have access to MT or if the website trader is just a fake scammer.
The main issue with unregulated brokers is transparency. Or lack of it if you like. The broker doesn’t show its flaws until it’s too late. They will promise you everything that you need just to make an initial deposit. Once you are in, they can control every move. Especially with manipulative platforms that these offshore scam brokers are using. As we can see from AvizGroup broker reviews, that’s exactly the case.
AvizGroup Account Types Available
According to the company’s statement, they provide four different account types. Leverage is one of the trading conditions that varies between them. Additional advantages include more educational resources, exclusive assistance, etc. Regular offers for con artists.
Anyhow, the following 4 accounts are:
- Mini $250
- Standard $1.000
- Traditional $2.500
- VIP $5.000
Although the broker provided fairly clear legal documentation, we don’t think they’ll follow it when things aren’t going their way. All EEA zone and ESMA regulations are already being broken by the leverage of up to 1:100. Leverage may be used up to 1:30.
Spreads on assets are also not publicly disclosed anywhere. We are unable to access the trading platform without registering, so we are unable to verify those terms. The unexpected is therefore to be expected.
Trading Instruments at AvizGroup
We question the veracity of the information provided about these instruments because we are an unregulated broker. The fact that they don’t provide open access to the platform is what has us concerned. But they offer the following 4 asset classes.
The currency pairs USD/JPY, JPY/AUD, USD/SEK
Commodities Gold, oil, natural gas
Indices CAC40, Nikkei 225, FTSE 100
Shares General Motors, Pfizer, Alibaba
CFDs are generally risky investments, particularly when using the up to 1:100 in leverage offered by this broker. If you are a novice trader, you should seek out a regulated broker with lower leverage and a lower chance of losing money.
AvizGroup Offers Bonuses
This broker has a refer-a-friend program available as a promotion. Along with their false advertisements for automated software, that is the most typical method of client enticement. You receive a commission of a small amount if you refer clients to the business. Due to the fact that you will be an affiliate, rewards for such actions are absurd. And those are non-withdrawable.
Same as a welcome bonus that you get upon first deposit. Yet, there is always a malicious clause. Traders need to make insanely high trading volume to be able to withdraw the profits. And that’s exactly how they get scammed.
Deposit and Withdrawal Process
According to their website, they accept the following payment methods:
- Debit/Credit cards
However, unless you register, you are unable to check those. By doing so, you run the risk of receiving numerous calls in a short amount of time. There are no withdrawal fees, according to the company.
Got Scammed by AvizGroup? Get Your Money Back!
There are a lot of warnings available. That was made possible by victims of fraud sharing their experiences. Please share yours with us. You can get in touch with us for help with the recovery of the funds if the AvizGroup trading company defrauded you.
With your initial steps, our professionals can assist you. Don’t hesitate too long; get in touch right away. A chargeback is a procedure used to undo a debit/credit card transaction. Such a request may be submitted by you or the merchant. Just keep in mind that these choices have time restrictions. Set up your appointment right away.
FAQs About AvizGroup Broker
Is My Money Safe With AvizGroup?
No. They are a completely fraudulent broker that will steal as much as they can.
How Long Do AvizGroup Withdrawals Take?
The broker doesn’t have transparent withdrawal policy. Based on reviews, withdrawals never happen.
What Trading Asset Does AvizGroup Offer?
The broker offers 4 groups of assets like forex, commodities, indices and shares.