Reviews written by Forex Rate It!

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.

With significant advancements in technology in recent years, almost anybody can take advantage of fluctuations in the forex (foreign exchange or currency) market. Founded in 2006, eToro commenced operations with the aim of making forex trading easy as well as fun for all. eToro has kept innovation as a central theme, which has been one of the reasons for its rapid growth.

Simple to Use
The eToro.com website is fairly easy to use. The site is well planned and conceptualized. Hence, navigation is fairly intuitive, making eToro.com highly user friendly. The eToro platform is among the most popular ways to carry out transactions in the foreign exchange market.

Fun with Forex
The best thing about the eToro platform is probably the fact that the platform is engaging and interesting. Unlike most forex platforms, it is not formal and dry. Rather, it is centered on making your participation in the forex market more entertaining and fun. So, one does not feel stressed while determining which transactions are best for their bottom line. The platform simulates a videogame, while allowing you to conduct transactions in the real world. The software has a simple interface, with striking graphics. Visual aids are used to depict the trader’s actions. This not only makes the platform easy to use, but also more fun to deal with.

Support for Beginners
For those who are taking their first steps in the currency market, eToro offers a number of training tools. One can take time to get familiar with the nuances of the forex market before starting to trade in real money. There are various informative articles, easy to understand guides and visual tools for educating the novice trader. Before you get totally comfortable with the world of currencies, you could practice by trading on eToro’s demo platform. eToro also helps new investors by offering a welcome bonus, which could be as high as $200.

Customer Support
eToro has been providing reliable and timely customer service. The support staff is quick to respond, friendly and resolves queries effectively.

eToro offers an automated dealing desk in order to reduce human errors and other issues. The platform allows traders to deal is more than 15 currency pairs. The registration is easy and quick, and the minimum deposit is much lower than what most other platforms require. However, one must keep in mind that the platform is fairly new and that its customer base is smaller than what the most major brokers boast. Moreover, being headquartered in British Virgin Islands, eToro does not fall under the jurisdiction of any of the main regulatory bodies.