Avotrend has been issued warnings by the German regulator BaFin, which stated that the site appears to offer unauthorized financial and crypto-asset services and lacks required licensing. The company claims to operate from Switzerland but the provided registration details and oversight stand in severe doubt.
Avotrend also appears to use misleading regulatory references. It reportedly claims oversight by a European Financial Supervisory Authority or similar—but no such entity exists, and regulators explicitly call this out as deceptive.
Only regulated brokers are safe since they are under strict supervision by certain authorities. I personally use RoboForex. The Company is licensed and has many positive reviews. You can check it out. Here's the link:
https://roboforex.com/?a=oydo
Avotrend also appears to use misleading regulatory references. It reportedly claims oversight by a European Financial Supervisory Authority or similar—but no such entity exists, and regulators explicitly call this out as deceptive.
Only regulated brokers are safe since they are under strict supervision by certain authorities. I personally use RoboForex. The Company is licensed and has many positive reviews. You can check it out. Here's the link:
https://roboforex.com/?a=oydo