Ava Trade MT5 suddenly shut down on November 30, 2022, and traders are unable to withdraw.

WikiFX recently received the report from an investor that the forex broker, Ava Trade MT5, unexpectedly shut down last night. Clients suspect that this broker absconds with the money. The victims are asking WikiFX for help as Ava Trade MT5 uses excuses to delay victims‘ withdrawal requests. As far as we know, Ava Trade MT5 asked the victim to pay extra fees if he insists on withdrawing. Otherwise, this broker threats to freeze the client’s account.

We believe that Ava Trade MT5 is getting involved in a Ponzi Scheme. It is a financial investment scam where the money gathered from the new investors is paid to the existing investors. The scammers also can pay their new investors with deposits from early investors. Therefore, many investors didn't know the truth at the time, and they felt reassured and decided to invest more. This is pyramid scheme fraud, which is extremely concealed, and deceptive. Many investors will eventually lose money after depositing the money since they can no longer find these fraudsters.

No matter how tempting the offer seems to be, we must have deep knowledge about the broker we are investing in. This includes the regulatory status and other traders feedback about this broker, etc. If you search this broker on WikiFX, you will see this.

This broker has a lot of clones and they all have very low scores on WikiFX. The risk is obvious as you can see.

Besides, the regulation status of this broker is also not decent. The licenses that Ava Trade MT5 claimed to hold are all suspicious clones.

This broker has been given a very low score of 1.00/10 by WikiFX. WikiFX warns you to stay away.

Recently, WikiFX receive a couple of complaints against this broker in a short period of time.

Unavailable website

The website of this broker cannot be opened. Be careful of the risk as Ava Trade MT5 suddenly shut down its business. we are sure that this broker is preparing to run away. We want to remind you: Always choosing a reliable inquiry platform and having a full understanding of the broker you are interested in is important.