Reviews

Avensis - Forex Broker Scam
Rated: Good [1/10]

Foreign Exchange or Forex customers have encountered a serious problem in the recent years. It is complained that the company and its brokers make their own money, but not of the traders. Avensis, one of the brokerage firms of Forex is found to be a scam cheating people for their money. They misguide the traders for filling up their own pockets.

There are about 25,000 Forex customers who have been cheated by the company. Its broker Avensis Forex is suspected to show the false quotes to its traders with the current market quotes, thus creating a milieu that the traders will invest their money when there is up trend in the market and will stay qualm when the market is at its lowest. The company’s brokers are found to be suspicious. Thus CFTC (Commodity Future Trading Commission) has started working on these faulty brokers.

The average loss the victims faced ranged from $15,000 and above. Genuinely it is not possible to earn a huge multiplicative sum in just a couple of days, making you among the richest people. Avensis Forex offers people such alluring offers that the investor will enhance the trading amount. As the amount increases the risks with it also increases considerably, making people in more trouble if the deal gets crashed.

These brokerage firms like Avensis Forex lets you invest very well and honestly till you are doing the trading of $10-$15 but as your investment fund increases with the same speed the thefts also increases. You do not get the information of your money. With small trading you will get the original ups and downs of the market. So the choice lies up to you whether you should be happy with small trading of just a couple of sums or you should choose a reliable brokerage firm to rightly spend your money.

Many of the Avensis Forex brokerage firm’s addresses were found to be invalid. At many places the actual company never existed and they do not provide any contact details, so that the people can actually find them. In Belgium, the government officials have declared Avensis Forex to be a fraud, blowing people’s money.

A strong action should be taken against such type of misleading companies which do not work for public welfare but for themselves. Before giving out money to such companies its whole portfolio should be observed minutely. Any of the schemes giving out huge sums of return on small investments should strictly be avoided. Whether the firm exists or not should be checked before online registering for them. Check whether they are registered broker by the company or a scam.

By looking out for these details you can save your huge sums of money which would have gone in vein if invested with such brokerage firms like Avensis Forex. It is better to awake by others pitfalls, because experiencing your own will not let you to get up again. Proper actions should be taken before the time is gone and should spread the awareness among different people.

This is the most scammed product I used. Over 10000 people has cheated by the company. Don't buy product from this company

Comment by ricki — 05/05/2009 03:10:50 , Tag: avensis scam

Oh! don't buy this. The company has make him only for cheating the people, only the company earned the money not the people.

Comment by steve — 06/05/2009 01:43:29 , Tag: avensis scam

Avensis its like just the other products of the forex, scam.

Comment by henry — 13/05/2009 01:59:39 , Tag: avensis broker

Avensis is scam & there customer care is also very bad,they are not working in good manner at all.

Comment by micky — 05/06/2009 00:57:37

It is a scam product. It is the false trading platform that cheats people. I have checked out the address for Generation Services in Cypus and it doesnt exist either. There are no contact numbers available for either of these addresses. These people are not who they say they are.

Comment by john — 20/06/2009 00:44:41

If you have money to burn, Avensis is the place for you. There are just too many ills to mention about this company. It would be nice if the nfa really did it's job and investigated these companies before unleashing them on the unsuspecting public.

Comment by dwaynd — 25/06/2009 01:56:55 , Tag: avensis scam

Be careful guys. Avensis cancelled all my winning trades. I lost my money over $ 600 in that case. Avensis is not a fair broker.

Comment by rayon — 20/07/2009 03:41:22 , Tag: avensis scam

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