(10 votes, average: 3.3 out of 5, rated)
Online FOREX trading can be serious business as well as very interesting if the right broker is sought and used. AvaFX is a brokerage firm that is registered in the BVI with a pending NFA membership status. AvaFX is strengthened by the fact that it is audited by the fourth largest auditing firm in the world, Ernst & young. Also interesting is the fact that it banks with Commerz Bank in Frankfurt, Germany.
It offers its customers a web based 24 hours multi-lingual support centre that is prompt to customers’ queries. Another feature that is very evident on the website is an interface that allows its vast users the opportunity to view and surf the site in various languages, which consist of English, Chinese, Arabic, French, Italian, and Dutch. I have come to love its US toll free number, which can be skyped out from anywhere. Meanwhile, I have seen some brokers’ employ some very innovative support center’s that includes the use of instant messaging. I believe that there is room for improvements for the support desk in AvaFX.
Trading FOREX can be a complex process and traders would appreciate processes that are trading associated to be less cumbersome. That’s why account opening on AvaFX is a non-complex process that is completed in less than 5 minutes if information is entered correctly. Meanwhile, FOREX newbies can start out a 21 days trading experience using AvaFX demo platform. With confidence instilled into the FX learners’ toolbox he is ready to set off on a live trading account on AvaFX.
Live trading accounts are categorized as Silver, Gold, Platinum, and also the Institutional & VIP account type. With the Silver account type having a minimum account opening size worth $100, Gold is leveled at $1000. Platinum is pegged at a minimum of $10000, while the Institutional & VIP account type that has the benefit of a tailored-made account is placed at a minimum account size of $50,000. One thing you must know about this account types is the existing promotion that AvaFx offers new accounts, a $50, $100-$1000 and a $1,200 free cash amount is given to all new silver, gold, and platinum accounts respectively. Islamic accounts are also provided.
Furthermore, traders can start trading immediately when accounts are funded using Credit Cards, Paypal, Webmoney, or Money Gram.
Trading on the AvaFX platform is an interesting experience using the Ava Trader 3.1.9.9 trading software version that enables traders a 24-Hour trading experience, with integrated trading tools, dozens of currency pairs and full streaming rates.
Variety of billing options available
24 hr Phone and web base support
Offers e-currency exchange services to its customers at 2.7% commission. They offer exchange of e-gold to WebMoney or Liberty Reserve
No Metatrader 4 software supports hence the absence of automated trading.
Online since 2006
Simply speaking AvaFX is in the market for serious business and it won’t be a surprise if they make a big leak into industry leaders in the near future.
Please leave your own honest opinion about AvaFX just bellow!
Ava FX is very recomended! My friend is working with them for a long time and very happy with them!
admin's rating:Too many tech problems that support cant handle, but great demo and and if they sort out the techs may be ok to trade—but really they got to go a long way to make this work especially as you can get platforms with lesser trouble.
zack's rating:I have been with one of the larger US brokers for a while, IBFX, but coming to AvaFX was a releif. I always felt IBFX were chasing stops and spiked people out of the game. With AvaFX I haven’t had any problems of that kind. Also, their platform, although it can’t handle fully automatic trading, has features which actually makes it easier for me to trade mys system than what was the case with IBFX who used MT4. Also funding and withdrawals has been very easy so far. We’ll see what happens when my account grows to something substantial, but it looks like AvaFX is backed by serious business interest who probalby knows that ripping off customers doesn’t vouch for longevity in the Forex broker business. To use an Ebay term: A++++++
Chris's rating:Too many tech problems, chart data unavailable comes up almost daily. Try a bigger, more stable firm.
Andy's rating:i’m ex-trader with Ava.fx. for the past 10 months. After a 3 times Margin Call; then i concentrate with their demo account.
MROZI's rating:The platform is quite basics but i think more than adequate. Simple is better with basic tools like trendline and M.A.; Fibo and so on.
The execution for order is less troublesome with demo but a very bad for real account. Too many reqoutes than you expected until price become far away from your original requested.
The biggest problemm i face in this platform is their stop loss hunting that happening in front of my eyes. They going up for sudden (one time move) for around 75 pips during very calm trade. No news, relatively low volume time. But it’s suddenly going up with one move. Not one pair but 6 all them. Later on i confirm this price movement with my another demo acc. which is IBFx and NorthFinance but none of it had a same price move.
After print out that ‘SCAM’ and comparison from other platform; I decided to stay away from this Bloody Company…. This is the truth … Stay away from them….
I had a bad experience with them, each deposit takes a week to take effect. very critical for open position with low margin.
Johny's rating: