Im sure you have all heard the saying “IF IT IS TRUE GOOD TO BE TRUE, THEN IT PROBABLY IS” - I joined up with AVAFX on the weekend and with my practice account, (using 100,000 K) I made 15 K. Amazing is it not???
AvaFX if real, is a dream come true, but heres the thing, if someone is making money, then the equilibrium law of the universe means that someone has to be losing money also. - That thought alone is scary.
So I conducted some research:
Here is what I found so far (you can try this for your-self): Open your demo account, and also open your real account, via Avatrader. Most people think you cant do this but you actually can. The best time to do this is when the market is closed on the weekend, that way the chart is not moving and you can match up discrepencies easily.
What I found is, although the highs and lows are somewhat the same, there are DEFINITELY discrepencies. There are peaks in the Demo account which are not in the real account, which certainly makes you question why that is.
I am a newbie at ForEX but my background is software engineering and I have a university degree. And all I can say is, I can definitely tell something is not quite right.
The sad part of all this is, AvaFX should not need to scam people. It has set up a business (which is the hardest part) that can make them millions if they were a trustworthy company.
I mean, if the real account did what the demo account does, then we would without a doubt sell our houses to put money in to AVA right? Would not the interest they would earn from having our money in thier accounts make them enough money???
Classic case of stupid people trying to eat more than they can fit in their mouth.
To be honest I am still 50/50 about the integrity of avaFX. I despretely want it all to be true, but chances are it is probably not.
My reasons for joining avaFX are somewhat different from most of you. I already have a sucessful online business, and I just needed a way to tranfer company earnings through paypal to a foreign bank account so that I would avoid taxes in my country. AvaFX has those doorways, paypal ->avaFX ->bank account/debit card. Paypal only lets you withdraw to bank accounts in your own country and that means taxes!
I have just applied for the AvaFX debit card, so I am going to try that out first as getting money out is my primary concern. Trading is secondary.
I am suppose to recieve it in the next 2 weeks so when it arrives and I use it, I will make another post here to let you all know the progress.
Regards,
X.