General Information & Regulation
AWEX, a trading name of ATG WORLD Group, presents itself as a forex and CFD broker regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines of the Commonwealth of Nations with regulation number 25731 BC 2020. The broker claims to provide its clients with over 200 tradable financial instruments with leverage up to 1:100 on the advanced MetaTrader5 trading platform, as well as 24/7 multilingual customer service and technical support. Here is the home page of this brokers official site:
As for regulation, it has been verified that AWEX does not fall under any valid regulations. Its regulatory status on WikiFX is listed as “Suspected Fake Clone” and it receives a relatively low score of 1.09/10. Please be aware of the risk.
Market Instruments
AWEX advertises that it offers access to more than 200 trading instruments in financial markets, covering forex, cryptocurrencies, precious metals, energies and stocks CFD.
Account Types
AWEX claims to offer demo and live account types, yet no information about the minimum initial deposit requirement to open an account is specified directly on its official site in the absence of login.
Leverage
A leverage ratio of up to 1:100 is offered by AWEX. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
Platforms available for trading at AWEX are MT5 for windows, MT5 for Android, MT5 for Apple and MT5 for Web. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
From the logos shown at the foot of the home page on AWEXs official website, we found that this broker seems to accept deposits and withdrawals via Visa, MasterCard, Bank Transfer and Tether. The minimum initial deposit requirement is said to be $200, while there is no mention of what the minimum withdrawal amount is.
Bonuses
AWEX claims to offer a registration bonus. Specifically, if the clients register a live account, they will get a $50 reward in the account, yet the bonus withdrawn condition is unrevealed directly. Anyway, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.
Customer Support
AWEX‘s customer support can be reached by email: support@awexmember.com, live chat or send messages online to get in touch. You can also follow this broker on social media platforms such as Twitter, Facebook, Instagram and LinkedIn. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
