Avalon Broker

Avalon Broker Information

Avalon Broker is a trading platform that claims to offer simple and fast investment services, supporting trading in over 200 assets such as cryptocurrencies, forex, and international stocks. The platform emphasizes user-friendliness, provides demo account practice and 24-hour customer support, and currently has over 700,000 users.

Pros and Cons

Is Avalon Broker Legit?

Avalon Broker is unregulated, such as by institutions like the US NFA, UK FCA, or Australian ASIC. Investors should carefully verify the platform's qualifications to avoid participating in unregulated high-risk transactions.

What Can I Trade on Avalon Broker?

Avalon Broker offers various cryptocurrencies, international stocks, forex, and over 200 assets. Specifically, these include cryptocurrencies like Bitcoin and Ethereum, major currency pairs (such as EUR/USD, AUD/USD, and AUD/CAD), and stocks of companies like Walgreens Boots Alliance.

Account Type

Avalon Broker offers a demo account where new users can get $10,000 in virtual funds. Additionally, to open a real account, users need to deposit at least $10 to activate it.

Deposit and Withdrawal

For Avalon Broker, electronic wallets are supported for deposits with a minimum of $2, which are processed instantly. For other withdrawal methods, the minimum is $25 or 150 reais, and the processing time is unspecified (possibly requiring 1-3 business days).

Avalon Broker does not specify a deposit fee, but may charge a currency conversion fee of up to 3%. Withdrawal fees range from 2% to 10%, and there are fixed limits for different currencies (e.g., USD has a minimum of $1 and a maximum of $30; EUR has a minimum of €1 and a maximum of €30).

If more than 80% of the deposited funds are withdrawn without any trading, the platform may deduct third-party payment fees. Additionally, an account will be considered dormant if there is no trading or fund activity for 90 consecutive days. An administrative fee will be deducted when the account first becomes dormant, and monthly evaluations will be conducted thereafter. Closing a minor's account or cases of document fraud will result in a deduction of $20.