AVFx Capital – A scam broker running on a B-Book Basis
The reputation of this broker is doubtful! SCAM ALERT!
We do not trust this broker and do not recommend it to you.
They have a Past record of having scammed people in the name of GiFX. Have no proper office or Customer Support Office and have no regulation. It is a Strong B-Book based broker that crookedly duped people of their money.
With so many forex brokers, one might assume that it is impossible to pick a good one from the rest. Well, a variety of choices does indeed make choosing more difficult, but it is not impossible. Looking at the AVFx Capital scam, for example, it just takes a few clicks around the broker’s website before backtracking and resuming your search. So, what are some of the signs to watch out for?
The obvious signs of a crooked broker – Let’s start
When looking for a broker to trust your money with, it is important that their operations appear to be above board – nothing suspicious. The first red flag upon visiting the AVFx Capital website was the “Not Secure” Label at the top of the homepage.
The Dubious Hosting of the website: The Domain has been registered only recently i.e., 28-02-2018, with an expiry date of 29-02-2019 (Red Flag – one-year game plan after the closure of their previous broker called GIFX Capital). Coincidentally, the Company is based in New Delhi, India whereas under the ‘Contact Us’ Section, the company shows its location at St. Vincent & Grenadines and Dubai.
Furthermore, erroneously, their web designer accidentally incorporated the details of the Indian Origin of their Website Info. You can see the Mention of Noida (A city located on the borders of New Delhi, India).
There is no contact number available on the website. However, a WhatsApp number based in Dubai with country code (+971), is available, definitely a red flag. Couldn’t this broker house afford a decent landline number or a Customer Support Helpline?
They don’t have Mt4 Platform of their own and are operating on a white-label basis from a company named ‘Deferment‘!
At this point, I would have answered yes to anyone who had asked ‘Is AVFx capital a scam?’ However, I choose to give them the benefit of the doubt, until I run into this block of text. How could a forex broker not be able to hire a writer and a web designer with good enough command of the English language to put something down that actually made grammatical sense? Besides, didn’t they claim to be fluent in 13 languages, yet can’t even master the most basic one.
Now we’re dealing with a broker without a license or a clear base of operations, not the sort of company you would want to send your money to, is it? Did I mention the crappy website? Perhaps not, because most of the links on the website do not work, especially the ones at the bottom of the page – more questions pop into my head.
Their Web analytics are horrendous:
Coming to the BackGround of the Company:
The Broker is owned by SM Global Ltd, the owners being two Indians namely, Mr Anil Shekhawat and Mr Vijay – The same group behind GiFX, with the same office address. If you have to scam, at least be professional in your Approach, Duh!!
On the Contact Us page, it shows the exact same address as it was displayed on www.gifxcapital.com
Coincidence Much?….NO !!!
NO REGULATION, NO BANK ACCOUNT DETAILS AND NO OFFICE AT DUBAI, UAE AS WELL AS AT ST. VINCENT. The operations are being conducted from New Delhi, oops, Noida office to be precise, under the Leadership of Mr Anil Shekhawat and Mr Vinay, with Beautiful Girls handling the marketing well and luring the clients to invest their savings only to lose them to such scammers.
Please see here:
After having concluded a successful scam in the name of “GiFX’, the owners had shut down the website and now they have so intellectually come up with www.avfxcapital.com in place of www.gifxcapital.com, have some creativity at least.
Go ahead and try it yourself, and then ask yourself why you would make a deposit on such a broker’s website. Remember, scammers come in all shapes and sizes, and you have to be careful especially when entering sensitive data. If a website does not even have active links to crucial pages, how much could you trust them with your credit card or bank account information? It could easily be just a bunch of hackers waiting to pounce.
Speaking of internet security, the SSL certificate on the browser isn’t active. The SSL certificate is the one that turns the URL from http to https for added encryption and, thus security. Without the SSL certificate, your information is not encrypted and can be accessed by anyone. The AVFx Capital website does not have this SSL certificate, and I would recommend you don’t enter any personal information there.
AVFx is not scoring any points so far, but for the purpose of education, let’s assume everything obvious was above board, what sort of deep and minuscule details under the hood point to a scam operation?
What others have to say
I was curious to find out how successful AVFx Capital was at recruiting new clients, so I checked for AVFx Capital opinions on several broker review websites. I wasn’t surprised that the little AVFx capital reviews I read were negative and even sad just like the reviews of GIFX. Former clients complained of everything from the broker’s services to their trading conditions. I left my own AVFx capital review so no one else would fall for this scam – I’m kind to strangers that way.
The reputation of this broker is HORRIBLE! It is an Indian Broker running a WhiteLabel from Deferment with a team of beautiful girls led by Mr Anil Shekhawat and Mr Vijay to rob your hard-earned money.
