AvaFX Review
ForextcNo Comment| Website | www.avafx.com |
| Regulation | MiFiD |
| Spread | Fixed |
| EUR/USD | 2 pips |
| Leverage | 1:200 |
| Min Deposit | $100 |
| US Traders | No |
Up to $1200 Deposit Bonus
Overview
Since its launch in 2006 AvaFX has become one of the leading Forex Brokers available to the currency trader. According to its website it now deals in volumes of over $20 billion per month, boasting over 100,000 registered active trading clients.
Ava Capital Markets Ltd is the retail division of the international Ava Group. It is based in Ireland and is fully regulated in under the European directive of MiFiD by the Central Bank of Ireland. The company prides itself on its user-oriented approach which it takes to dealings with its clients.
Trading Platforms
The core trading platform offered by AvaFX is its own proprietary trading platform which is known as AvaTrader. This is a web based trading platform with a number of high end dealing features.
As an alternative clients can choose to open a dedicated MetaTrader account which gives access to the highly popular MetaTrader 4 client dealing platform. This gives access to the range of facilities offered by this well renowned trading platform, including the opportunity to trade via the use of custom technical indicators and MT4 Expert Advisors. These allow fully automated trading on the wide range of assets which are offered, including major and minor currency pairs and selected commodities such as gold and silver.
For those wishing to trade on the move, the Ava Mobile Trader software allows full ‘on the go’ trading . Full account management and dealing facilities are supported across a wide range of mobile platforms for both the Ava Trader and MT4 account, including iPhone, Android, Windows, Blackberry and Symbian.
Account Types
The account types provided by AvaFX aim to help traders of all levels people to start trading. As such there are a range of graded accounts on offer with varying sets of features which aim to cater for the trader at each level of their trading career. The accounts offered are as follows:
Silver – Minimum deposit requirement $100
Gold – Minimum deposit requirement $1000
Platinum – Minimum deposit requirement $10,000
VIP – Minimum deposit requirement $50,000
Opening an account is straight forward and you can choose to operate your trading account in either US Dollars or Euros. In addition an Islamic version of each account is also offered if required by the trader.
A wide range of funding options are supported which include debit/ credit card, wire transfer, Neteller, Paypal, Webmoney and Moneybookers. Instant withdrawals from your trading account can also be made via the unique ‘Ava Debit Card’ feature which you can sign up for with the broker.
Support
A wide range of support options are provided by the broker. You can connect with the dedicated support team via Live Chat, Email and Phone support. In fact over 39 international numbers are provided which provide support in a range of languages French, Italian, German, Dutch, Polish, Russian and Japanese.
The client of AvaFX will also find that they have access to a wide range of resources to assist them when trading. Daily market reports are provided as well as occasional webinars, online trading videos and trading strategy eBooks.
Key Features
- Low minimum deposit required for account opening ($100)
- Choice of trading platforms offered including mobile trading
- Low Fixed trading spreads
- Free practice accounts
- High level of welcome bonus available to new traders
- Fully regulated Forex Broker under MiFID
