Android Studio Virtual Device on a Windows 7 VM not compatible
<p>I have a VirtualBox VM on my computer, the VM is running Windows 7 64bit. I installed Android Studio on that VM. I only have the basic Hello World application. When I try to run AVD I get this message:</p>

<blockquote>
  <p>Intel HAXM is required to run this AVD. Android Emulator is
  incompatible with Hyper-V.</p>
  
  <p>Unfortunately, you cannot have Hyper-V running and use the emulator.
  Here is hat you can do: </p>
  
  <p>1) Start a command prompt as Administrator</p>
  
  <p>2) Run the following command: C:\Windows\system32> bcdedit /set
  hypervisorlaunchtype off </p>
  
  <p>3) Reboot your machine.</p>
</blockquote>

<p>I tried running this command and restart multiple time, doesn't change anything. </p>

<p>I also tried to do some port forwarding : <a href="http://paulsdevworld.blogspot.ca/2013/06/make-android-studio-work-with-androvm.html" rel="noreferrer">http://paulsdevworld.blogspot.ca/2013/06/make-android-studio-work-with-androvm.html</a> 
I was unable to connect <code>No connection could be made because the target machine actively refused it.</code></p>

<p>I've check this question, I'm not having the same issue because OP has a android image directly in VirtualBox <a href="https://stackoverflow.com/questions/28252296/test-android-app-on-virtual-box-from-android-studio">Test android app on Virtual Box from Android studio</a></p>

<p>Anyone knows a way to make this work or something that I could try?
Feel free to ask any question.</p>

<p>EDIT: 
I installed Intel HAXM but when I try to run it I get this message 
<a href="https://i.stack.imgur.com/wQjqB.png" rel="noreferrer"><img src="https://i.stack.imgur.com/wQjqB.png" alt="enter image description here"></a></p>

<p>Those are my current settings, virtualization is clearly enabled. Is that the correct settings? <a href="https://i.stack.imgur.com/WuWR9.png" rel="noreferrer"><img src="https://i.stack.imgur.com/WuWR9.png" alt="enter image description here"></a> </p>

<p>Is there any way to make this work in a VM?</p>

<p>Starting a bounty the answer doesn't need to be with Virtual Box but has to be free of cost. </p>

<p>HOST PC 
<a href="https://i.stack.imgur.com/51UnA.png" rel="noreferrer"><img src="https://i.stack.imgur.com/51UnA.png" alt="host"></a>
GUEST PC
<a href="https://i.stack.imgur.com/Zesw7.png" rel="noreferrer"><img src="https://i.stack.imgur.com/Zesw7.png" alt="guest"></a></p>

<p>I downloaded the free trial version of VMware and I manage to get it working using those settings below. I tried the exact same settings in VirtualBox and I get the Hyper-V error.
<a href="https://i.stack.imgur.com/0nQrn.png" rel="noreferrer"><img src="https://i.stack.imgur.com/0nQrn.png" alt="settings screenshot"></a></p>

<p><strong>SOLUTION:</strong></p>

<p>If anyone is wondering I was able to run it in Virtual Box. 
This is the settings I used on the AVD: 
<a href="https://i.stack.imgur.com/qWmdT.png" rel="noreferrer"><img src="https://i.stack.imgur.com/qWmdT.png" alt="Solution"></a>
Warning slow.</p>