BrokersView has found that AvaxFX Markets appears to be a scam AvaxFX Markets' website does not clearly state any regulatory oversight, but it displays the logo of the Australian Securities and Investments Commission (ASIC) in the footer, which may mislead users into believing it is regulated. However, our search of ASIC’s official database found no record of AvaxFX Markets, raising serious concerns about potential false representation. Additionally, while the platform claims to be based in Montenegro, we have also searched the registry of the Securities Commission of Montenegro (SCMN) and found no matching entity. This further confirms that AvaxFX Markets is not authorized or supervised by any recognized financial regulatory authority. Given that the platform operates without any verifiable regulation, it poses a high risk of fraudulent activity.

I just came across this platform called Avax Markets. Can you help me check if they're legit? Dear Investor, AvaxFX Markets does not appear to be a legitimate forex trading platform. The website does not clearly state any regulatory oversight, but it displays the logo of the Australian Securities and Investments Commission (ASIC) in the footer. However, our search of ASIC’s official database found no record of AvaxFX Markets, raising serious concerns about potential false representation. It may mislead users into believing it is authorized by this regulator. Additionally, while the platform claims to be based in Montenegro, we have also searched the registry of the Capital Market Authority of Montenegro (SCMN) and found no matching entity. This further confirms that AvaxFX Markets is not authorized or supervised by any recognized financial regulatory authority. Given that the platform operates without any verifiable regulation, it poses a high risk of fraudulent activity. We strongly advise against engaging in any trading or financial transactions with AvaxFX Markets. View Source