Aaviana – Can You Trust Them?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Aaviana - DO NOT TRADE WITH THIS PROVIDER
2.3/10
$100
Minimum Depositupdated 2024
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://aaviana.org
Founded: 2024
Regulations: Unlicensed
Languages: English, German, Spanish, Portuguese, Polish, Russian
Deposit Methods: Cryptocurrencies
Minimum Deposit: $100
Free Demo Account: Available but Non-Functional
Number of Assets: 300+
Types of Assets: Shares, Cryptocurrencies, Indices, Forex, Metals
Trading Accounts and Conditions
Aaviana offers their clients the following types of trading accounts:
- Mini: The initial minimum deposit is $100.
- Standard: The initial minimum deposit is $5,000.
- VIP Account: The initial minimum deposit is $30,000.
Trading conditions for each of these account types are not specified on the broker’s Account Types section. However, when we checked their platform, we found out that the spreads were being offered at 0.5 pips onwards for the major currencies and the maximum leverage is 1:1000. Commissions are mentioned, but the exact amounts are not specified.
Aaviana – Advantages
There are no advantages to trading with Aaviana.
Aaviana – Disadvantages
Listed below are all the gaps that tell us that Aaviana is a scammer and therefore not trustworthy:
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Lack of Regulation
Aaviana provides contradictory information about their regulation status and location. On the footer of their website, the broker claims to be based on the Island of Moheli, which is a part of Comoros Union. The broker claims to be regulated by the Mwali International Services Authority. Mwali is also known as Moheli.
However, in their Terms and Conditions, the broker claims to be based in St. Vincent and the Grenadines.
We checked the registers of both these countries to see if this broker’s claims are true. After all, it is possible for a broker to have multiple regulations. However, Aaviana is not listed with either the Comoros Union authority or with the SVG financial authority. This means that this broker has lied about their regulation status. They are operating illegally and that makes them scammers.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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Warning Issued by SVGFS
We are not the only ones who have noticed the issues about regulation this broker has. The financial authority of St. Vincent and the Grenadines, the SVGFS (St. Vincent and the Grenadines Financial Services Authority), has issued a public notice about Aaviana. According to this notice, this broker is an unlicensed forex/binary options broker that is not licensed to operate in their country.
SVG is not a country that has strong regulations for forex brokers. So, if this authority issues a notice against a broker, then there cannot be a clearer indication of Aaviana’s fraudulence.
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Issues with Trading Platform
Aaviana claims that their innovative platform offers the following functions: customizable features, multiple asset classes, intuitive user interface, advanced technology. All of these claims are untrue.
We registered for an account with this broker so that we could access their live platform. What we found was disappointing. This broker has a very basic web-based software that barely functions. In fact, you cannot do much more than buy and sell the assets listed there.
A broker’s only selling point is their trading platform, so they make sure that it is of the highest quality. For more than 80% of all brokers, this means offering their clients the MetaTrader 4 or MetaTrader 5 platforms, sometimes both. These platforms allow traders to really customize their trades, use market analysis tools and charting tools to trade more accurately and almost intuitively. Added to that, traders can use the inbuilt trading robots so that they don’t lose out on trades. And, the platforms are so easy to use that even novice traders can use the MT4 and MT5 platforms quite easily.
With Aaviana, none of these benefits are available. In fact, the broker lies about what they really have to offer. All of this tells us that we are dealing with a scammer.
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Issues with Trading Conditions
The product that brokers offer traders for trading comes with their trading conditions. These conditions tell traders how much each trade will cost them if they use that particular broker’s platform. They also get to know how much risk they can take, how long each trade will take and so on. These trading conditions should be advantageous for both the broker and the trader.
Aaviana does not both telling us most of their trading conditions. We know that their minimum deposit starts at $100, but then jumps to a massive $5,000.
Additionally, the spreads are not mentioned on their website. We only get that information from their trading platform, where we see that the spreads are at 0.5 pips. These spreads are seemingly very advantageous. But then, we are not told what commissions are charged. Without information on both spreads and commissions, we will not know the real cost of a trade.
The leverage offered is a massive 1:1000. Such high leverage gives traders a chance to make massive profits. Unfortunately, that chance is really low. Statistically, more than 80% of all trades end badly. Therefore, such high leverage means severe losses most of the time. This is why leverages are controlled in strongly regulated markets.
Other trading conditions are simply omitted.
These gaps in information, the skewed conditions and the general lack of logic in what the broker offers tells us we are dealing with a scammer.
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Payment Issues
On their website, Aaviana claims to offer multiple payments providers: Bank Transfers, Bitcoin, Visa, MasterCard, Ethereum, and Litecoin. However, when we accessed the broker’s payments portal, we found out that only crypto payment options were available.
Regulated brokers ensure their clients get to choose the payment option they are most comfortable with. A single payment option is extremely limiting and also a red flag. And when that payment option is a crypto, it is a sure sign of a scam, since all crypto transactions are irreversible and anonymous.
Conclusion
Aaviana is not a trustworthy broker. It would not be a good idea to do deal with them; they are scammers.
Aaviana
Pros
- None
Cons
- Lack of Regulation
- Warning Issued by SVGFS
- Issues with Trading Platform
- Issues with Trading Conditions
- Payment Issues
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more