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AvaFx Review

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Up to $1200 first deposit bonus
 
Editor rating
 
5.0 User rating
 
4.8 (2)

AvaFX is a moderate-sized online trading broker. The company offers both web-based and desktop trading platforms. These platforms have a user-friendly interface, along with sophisticated analytical tools for effective trading. The company website provides essential information required to begin trading. An individual can opt for a demo account, which remains active for a period of 21 days and allows virtual trading worth $10,000. For live trading, an individual can select from silver, gold or platinum accounts. The minimum account fee is $100 for the silver account, which offers trading bonus worth $50.

Broker Info

Foundation Year 2006
Location British Virgin Island
Regulation Irish Financial Regulator

Trading Info

Platforms AVA Trader • MT4
OS Windows
Max Leverage 200:1
Currency Pairs 12
Spreads 3 pips on EUR/USD
Markets other than Forex Gold • Silver • Oil • Stocks • Commodities • Gas
Minimum Deposit $ 100
Minimum Transaction $ 5000
Stop Order Yes
Limit Order Yes
Trailing Stop Order Yes
24hr Trading Yes
Free Demo Account Yes
Islamic Account Yes
Scalping Yes
Hedging Yes
Bonus Up to $1200 first deposit bonus

Contact Info

AvaFx Review Website
Supported Languages EnglishArabicChineseFrenchGermanJapaneseSpanishDutch
Phone +1-212-941-9609
E-Mail customer@avafx.com
Online Form Yes
Online Chat Yes
Address Euro American Trust Building,
POB 3161 Road Town,
Tortola,
British Virgin Islands

User reviews

Average user rating from: 2 user(s)

Overall rating: 
 
4.8
Account opening procedure:
 
5.0   (2)
Trading platform:
 
4.5   (2)
Money transactions issues:
 
5.0   (2)
Customer support:
 
5.0   (2)
Reliability:
 
4.5   (2)
 
Ratings (the higher the better)
Account opening procedure*
Trading platform*
Money transactions issues*
Customer support*
Reliability*
Pros and Cons
Comments*
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Overall rating: 
 
4.8
Account opening procedure:
 
5.0
Trading platform:
 
5.0
Money transactions issues:
 
5.0
Customer support:
 
5.0
Reliability:
 
4.0
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1 of 1 people found the following review helpful

I am very excited about the services of Ava FX. I converted my demo account into real trading account one week ago. The demo version experience was great. It allowed me to learn the basics of their platform and equipped me with trading tips and tricks. But there was much more in store for me in the real trade set up. The broker offers a multi-trade platform which is a huge benefit for people who want to go beyond forex trading. One can trade in gold, wheat, cotton and several other commodities through the same platform.

When I converted my demo account into a real trade account, Ava deducted only $100. From my experience I can say that this amount is much, much lower than the account conversion fees with other brokers. Also, not many brokers offer a sign up bonus ($50) for a silver account. It always feels great to have some free cash in your account.
In all, I liked trading with Ava. I highly appreciate their platform, security features and analytics. I will recommend this broker to other traders.

 
Overall rating: 
 
4.8
Account opening procedure:
 
5.0
Trading platform:
 
4.0
Money transactions issues:
 
5.0
Customer support:
 
5.0
Reliability:
 
5.0
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Reviewed by philips
April 30, 2010
Top 50 Reviewer
Comments (0)
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0 of 0 people found the following review helpful

I must say that my experience with Ava FX is more than good till now. I am with this broker for the past several weeks and am pretty satisfied with the scope and range of their services. Customer support is excellent and available all the time through phone and live chat. The server also works fine, without any interruptions. What I like most about this broker is their user-friendly website. Ava FX provides a huge volume of information regarding their platform and trading practices on the website. It is very easy to search for the relevant information. The trading platform is also very simple and offers one click trading facility.

However, delays in trading at the time of major news outbreaks and frequent re-quotes are the drawbacks of this broker. Apart from these issues, I have been very happy with Ava FX. It is particularly good for long position holding. I will continue to trade with this broker due to their award-winning platform and customer support.

 
 
AvaFx Review

Editor review

AvaFx review

Overall rating: 
 
5.0
Account opening procedure:
 
5.0
Trading platform:
 
5.0
Money transactions issues:
 
5.0
Customer support:
 
5.0
Reliability:
 
5.0
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Reviewed by Forex Rate It!
April 22, 2010
#1 Reviewer
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Last updated: October 04, 2010
9 of 12 people found the following review helpful
Ava FX is one of the most preferred online forex brokers. The company offers great customer support and an easy-to-use trading platform. The company allows its users to trade in stocks, commodities and currencies. Offering advanced training tools, extensive market analysis and fixed spreads, Ava FX simplifies online trading for both experienced and new traders.

General Background
Ava Capital Markets Ltd., a subsidiary of Ava Financial Ltd., operates Ava FX. Being located in Dublin, Ireland, the company is subjected to Irish regulations and supervision under the Financial Services Authority (FSA). However, the parent company Ava Financial Ltd. is based in British Virgin Islands.

Registration and Account Opening Process
The registration process at avafx.com is simple and hassle free. The website offers free demo accounts for new users. Any individual can simply register on the company website for a demo account. The demo account allows the user to horn trading skills with virtual money worth $100,000.

To get immediate access to online trading, one can opt for real live trading accounts. The website accepts payments through PayPal, WebMoney, Western Union and net banking. As the account goes live, the user gets access to all the forex trading advantages offered by the interface.

An individual can begin real life Ava FX trading as a silver accountholder. The silver account costs a minimum of $100 and offers free cash of $50. Individuals can also opt for gold and platinum accounts which cost $1,000 and $10,000, respectively. The highest bonus of $1,200 is available with the platinum account. VIP traders can take advantage of Ava premium accounts for exclusive privileges and services.

Trading Platform
Ava FX offers a smart forex trading platform with an easy-to-use interface. One can choose from the downloadable version of the platform (Ava Trader) and the web-based version (Ava Java). While providing some of the most sophisticated trading features, it can be used effectively by even a novice trader. Powered by MetaTrader 4, the software allows numerous analytical options in a simplified fashion. The interface can be customized for immediate access to the information as per individual trading requirements. Ava’s Updated Economic Calendar Analysis feature offers precise information about the forex market.

Customer Support
The platform offers customer support in multiple languages. A user can access customer support or technical aid through email, chat or phone.
Despite being in business for only a few years, Ava FX has revolutionized the online trading world with user-friendly web platforms. It is particularly a smart choice for new or less experienced traders. However, the company scores low due to the lack of accreditations with major regulatory bodies.

Pros and Cons

Pros: - Fixed spreads for all market conditions.
- Offers both web-based and desktop platforms.
- Accepts money from all major online payment systems.
- One-click and deal interface
Online transactions protected through SSL (Secured Socket Layer) encryption.
Cons: - During major news releases, the platform executes market orders slowly.
- Customer support executives are not available 24 X 7.
 
 


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