About FAKE AVATRADE
Company Overview
FAKE AVATRADE is a broker registered in China, claiming to operate under the domain 786ye.com. It was founded on April 8, 2021. The broker presents itself as a trading platform but has been flagged for lacking any valid regulatory licensing.
Our records indicate that this entity has no recognized financial regulator overseeing its operations. This absence of regulation is a significant red flag for traders considering using its services.
Regulation and Licensing
According to official registry records, FAKE AVATRADE holds no active regulatory licenses from any known financial authority. This means it is not subject to the oversight of bodies such as the FCA, CySEC, or ASIC, which standardly protect retail traders.
Traders should be aware that unregulated brokers offer no recourse in case of disputes or financial loss. FXCanary strongly advises verifying any broker's regulatory status before depositing funds.
Background and Registration
The broker is registered in China, a jurisdiction not typically associated with strict forex broker regulation. The exact legal entity behind FAKE AVATRADE is not clearly disclosed on its website.
Its domain, 786ye.com, was registered in 2021. The choice of name suggests an attempt to mimic the well-known broker AvaTrade, likely to attract unsuspecting traders.
Products and Services
Due to the lack of available independent information, the specific products and services offered by FAKE AVATRADE cannot be reliably verified. Based on its branding, it likely claims to offer forex, CFDs, and other leveraged instruments.
Without regulatory oversight, there is no guarantee that trading conditions, spreads, or execution practices are transparent or fair. Traders should exercise extreme caution.
Account Types and Platforms
No official details about account types or trading platforms are publicly accessible. The broker may offer a proprietary platform or copy popular platforms like MetaTrader, but this is unconfirmed.
We recommend that traders avoid engaging with this broker until full verification of its offerings and regulatory status is possible.
Deposits and Withdrawals
Information on deposit and withdrawal methods is not available from reliable sources. Unregulated brokers often impose arbitrary fees or withdrawal restrictions.
Given the high-risk profile, traders should consider it possible that funds may not be returned upon request.
Risk Considerations
FXCanary has assigned a Scam Risk Score of 85/100 to FAKE AVATRADE, indicating a severe risk of fraud. The combination of no regulation, recent registration, and a misleading name heightens the danger.
Traders are strongly advised to avoid any dealings with this broker. For legitimate trading, always choose regulated entities with a verifiable track record.
Overview compiled by FXCanary from regulatory records and public data. full FAKE AVATRADE review