[FXoffshore]

Does anyone here deal with AVA FX Inc - avafx.com ?

I am concerned because they are not replying to me. AVA took a $5000 account deposit by PayPal, and then would not approve the account, will not credit the $5000 to the account, and will not/have not returned the deposit to PayPal after being asked to several times. I am getting concerned that this is a fraudulent scam.

They are pending with NFA, but since 2006.
http://www.nfa.futures.org/basicnet/...d=0376632&rn=Y

I hope they are not another rip-off broker. Perhaps they just have terrible customer service and like to hang on to deposits as long as they can?

[Jay Walker]

Did you place a complaint with Paypal?

Also look at the link you gave, http://www.nfa.futures.org/basicnet/...d=0376632&rn=Y

From there

- Look at the fourth named principal, Carl Elsammak.

- Click on his name

- Then look at the business address. See the phone number.

- Now, call him if you see fit. Or drive to Jersey. If you have friends in Camden, send them over to say "hi" for you.

- Google the phone number. You will see the same phone number and address listed on Google. Click on Map.

- Then click where it says Satellite. Yeah, that looks like a commercial area.

[ILclitoride]

Originally Posted by FXoffshore

Does anyone here deal with AVA FX Inc - avafx.com ?

I am concerned because they are not replying to me. AVA took a $5000 account deposit by PayPal, and then would not approve the account, will not credit the $5000 to the account, and will not/have not returned the deposit to PayPal after being asked to several times. I am getting concerned that this is a fraudulent scam.

They are pending with NFA, but since 2006.
http://www.nfa.futures.org/basicnet/...d=0376632&rn=Y

I hope they are not another rip-off broker. Perhaps they just have terrible customer service and like to hang on to deposits as long as they can?

Can you tell me WHY ?WHY? and WHY? you decided to open an accont with AVAFX?
WHY?
Reason?
Why?
They promise you free movie tickets? free bus tickets?A diner for free at Mcdonalds?maybe a free massage?
Why?
Hope you have money back

[nvwine]

Originally Posted by FXoffshore

Does anyone here deal with AVA FX Inc - avafx.com ?

I am concerned because they are not replying to me. AVA took a $5000 account deposit by PayPal, and then would not approve the account, will not credit the $5000 to the account, and will not/have not returned the deposit to PayPal after being asked to several times. I am getting concerned that this is a fraudulent scam.

Definitely get in touch with PayPal immediately. You could also read and investigate some of the pages Google turns up when you search for Avafx scam. You do have to evaluate the results carefully since Google can find complaints against almost any broker.

It looks like in the middle of July Carl Elsammak withdrew his 'associated person pending status' with the NFA.


I am curious. In another thread you were complaining about Interactive Brokers. You said you had found a better broker. Is this it?

Originally Posted by FXoffshore

I get the impression that IB 'customer service' is like an insurance claims department, they find every excuse not to pay you, including some unscrupulous methods. The reps must be on commission for a cut of how much they screw trader out of money. Numerous times things went wrong, and every one of those times, without exception, it was always in IBs advantage. The say they are an ECN, but I think they treat Ideal as a free for all like a pirates cove - take what they can - give nothing back.

I still have my IB account, but recently found a better broker. Forex is just a minor sideline to IB, and they have a long way to go with their TWS Forex trade platform and awful charting to get up to the level I like.

[TJPLD]

Originally Posted by ILclitoride

Can you tell me WHY ?WHY? and WHY? you decided to open an accont with AVAFX?
WHY?
Reason?
Why?
They promise you free movie tickets? free bus tickets?A diner for free at Mcdonalds?maybe a free massage?
Why?
Hope you have money back

Jup that's what I wonder too.
Why open up an account with some suspicous broker in nigera no one ever heard of when there are plenty of good brokers around.
It's there own fault IMHO.

[ILclitoride]

Originally Posted by Tjpld

Jup that's what I wonder too.
Why open up an account with some suspicous broker in nigera no one ever heard of when there are plenty of good brokers around.
It's there own fault IMHO.

You right.
Caparezza will say "Chi c*zzo me lo fa fare?!"

[FXoffshore]

Originally Posted by nvwine

I am curious. In another thread you were complaining about Interactive Brokers. You said you had found a better broker. Is this it?

No, this is not the one I was referring to. My associate picked this one because they have the ACT Trade platform and can trade stock indexes, oil, precious metals, etc. I meant GCI Financial.

I did file a complaint with PayPal, and doing one with NFA.

Just hope no one else loses money to these guys. They still will not return an email to reply to our concerns.

[jeffreyc01]

u may need to File a Complaint or Report Suspicious Activities to CFTC too,
http://www.cftc.gov/customerprotection/index.htm

[FXoffshore]

Thank you for filling out the CFTC Division of Enforcement's Questionnaire Form. If you like, you may e-mail us directly at enforcement@cftc.gov.

[FXoffshore]

I just learned that PayPal got the deposit back from AVA and returned it, since PayPal can hold or freeze AVA FX account there.

So it is settled, what a nightmare dealing with AVA. I am so relieved for my client to just get away from that outfit. I am so glad that it was not a huge amount as it easily could have been, he followed my advice to start small and see how that goes with the CFD stock index trading.

A also appreciate the support from the FF members, it really helped to get out of this jam.

[tar]

update

[someone1]

This broker is a scam. If you are profitable, they close your account and take all your profits...

[gambrinus]

This link belongs to a Spanish forum. A trader has his supposed experience with the broker.
Here is the link, is a Spanish site I use google translator for those who do not understand Spanish.


http://translate.google.com/translat...history_state0=

Regards

[carl12]

Originally Posted by ILclitoride

Can you tell me WHY ?WHY? and WHY? you decided to open an accont with AVAFX?
WHY?
Reason?
Why?
They promise you free movie tickets? free bus tickets?A diner for free at Mcdonalds?maybe a free massage?
Why?
Hope you have money back

Why you are so upset with Avafx??
Did they do some thing wrong to you as well.
Did you loose your money while trading with them
If you don't mind please let me know..

[Arns]

What about this broker ? do you (somebody) still have problems with windrawaling money?