Ava Trade MT5

Ava Trade MT5 is an online brokerage that, according to our records, was founded on 22 November 2022 and is registered in the United Kingdom. The official domain is forexealavaup.top. However, the company description provided in our records states that it was founded in 2006 and is headquartered in Dublin, Ireland, which creates a discrepancy. This inconsistency is a notable point for potential clients to consider.

Our records indicate that the broker claims to operate globally, offering trading platforms and financial services to retail and institutional clients in over 100 countries. The description also mentions a focus on multi-asset trading, with access to over 1,250 financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies. The MetaTrader 5 (MT5) platform is highlighted as being targeted towards experienced traders.

According to our records, Ava Trade MT5 holds two licences: one from the Australian Securities and Investments Commission (ASIC) and one from the Financial Services Agency (FSA) of Japan. The ASIC licence is for Market Making (MM) and is listed with licence number 406684. The FSA licence is also for Market Making (MM) and is listed with licence number 関東財務局長（金商）第1662号. The status of both licences is not specified in our records.

It is important to note that the official domain forexealavaup.top does not appear to be associated with the legitimate AvaTrade brand, which is a well-known broker. This raises questions about the authenticity of the licensing information. We were unable to verify these licences against public registers, and the licence numbers should be treated with caution until independently confirmed.

The broker's description emphasises the MetaTrader 5 (MT5) platform as its primary offering, which is a popular choice among experienced traders. The claimed range of over 1,250 financial instruments would place it among multi-asset brokers, covering forex, stocks, commodities, indices, and cryptocurrencies. However, given the lack of a verifiable website, we cannot confirm the actual availability or conditions of these instruments.

Our records do not specify the account types, minimum deposit, spreads, or leverage offered. Potential traders should be aware that without a functioning website or independent reviews, it is impossible to assess the trading conditions accurately. The absence of such information is a significant limitation for anyone considering this broker.

The company description claims a founding year of 2006 and a headquarters in Dublin, Ireland, but our records indicate a registration date of 22 November 2022 in the United Kingdom. This mismatch is concerning and suggests that the broker may be misrepresenting its history. Additionally, our records show zero employees, which is unusual for a brokerage claiming to serve clients in over 100 countries.

We found no verifiable website or social-media presence for this broker, and there are no clone/impersonator sites recorded. This lack of online footprint is a red flag, as legitimate brokers typically have a substantial digital presence. The official domain forexealavaup.top appears to be a newly registered domain, which further adds to the uncertainty.

Our FXCanary Scam Risk Score for Ava Trade MT5 is 51 out of 100, indicating an elevated risk. This score is based on several risk flags, including three user exposure/complaint reports, withdrawal complaints in approximately 167% of recent reviews (a figure that suggests a high proportion of withdrawal issues), and no verifiable website or social-media presence. These factors collectively point to a broker that may not operate with the transparency expected of a regulated entity.

Given the discrepancies in the company description, the unverifiable licences, and the lack of independent information, we advise extreme caution. Traders should thoroughly verify any broker before depositing funds, and in this case, the absence of reliable information makes it difficult to recommend proceeding.

In summary, Ava Trade MT5 presents a confusing picture. While it claims to be a global multi-asset broker with regulatory licences, the inconsistencies in its founding date and location, the lack of a functional website, and the elevated risk score raise serious concerns. We could not find any independent reviews or verifiable information about this broker, which is itself a warning sign.

For traders considering this broker, we strongly recommend conducting further due diligence, including checking the licences directly with ASIC and the FSA, and seeking out any additional information from reliable sources. Until then, the prudent approach would be to avoid engaging with this broker.