The New Zealand FMA Warns That Avan Investment Is An Unauthorised Firm On 04 October 2021, New Zealand regulator FMA has issued a formal warning about Avan Investment for its suspected scams. According to the release, FMA says that it is concerned that Avan Investment is involved in a scam. The regultor has been made aware that a client of Avan Investment is having difficulties withdrawing the funds they invested as well as profits made from trading on Avan Investment's platform. You may visit: https://www.fma.govt.nz/news-and-resources/warnings-and-alerts/avan-investment/

BrokersView has reviewed that Avan Investment is an unregulated forex broker Avan Investment claims that it is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and is authorised and regulated by the UK regulator Financial Conduct Authority (FCA). However, these are just false and misleading claims. Firstly, the broker stated that it becomes one of the IIROC members. Searching information of registered company on IIROC, we found no results about Avan Investment. Therefore, this is a BIG RED FLAG! Moreover, the firm says it is authorised and regulated by FCA with the register entry number #608130. But when searching with the number on FCA, we found that the information just belongs to another company called Beta Money Transfers A/S, who does not manage forex business and has no connection with Avan Investment. Therefore, this is another red flag. New Zealand regulator FMA has issued a formal warning about Avan Investment for its suspected scams. All of these tell a reality - Avan Investment does not fall under any regulating agency. That is a MAJOR SCAM RED FLAG!! That should be enough for you to believe it is a scam.

BrokersView has found that Avan Investment is not working On 8 Jul 2022, BrokersView found the domain https://in.avaninvestment.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Can I trade with Avan Investment? I saw on its website that it is regulated both in Canada and United Kingdom, is that real? Please check. Avan Investment is not a licensed broker and should be avoided at all events. Avan Investment claims that it is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and is authorised and regulated by the UK regulator Financial Conduct Authority (FCA). However, these are just false and misleading claims. Firstly, the broker stated that it becomes one of the IIROC members. Searching information of registered company on IIROC, we found no results about Avan Investment. Moreover, the firm says it is authorised and regulated by FCA with the register entry number #608130. But when searching with the number on FCA, we found that the information just belongs to another company called Beta Money Transfers A/S, who does not manage forex business and has no connection with Avan Investment. So Avan Investment is actually not regulated by any financial regulator. What's worse, the New Zealand regulator FMA has issued a formal warning about Avan Investment for its suspected scams. You can check full alert or warning here. As per the evidences above, our final conclusion is that Avan Investment is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers. View Source