Ava FX is recognized as one of the world’s leading online forex trading brokers. Founded in 2006 and headquartered in the British Virgin Islands, Ava FX aims to provide consumers with a simple, yet functionally rich online trading environment that leverages the networked power of banks and financial institutions from around the world. Ava FX is governed by the Markets in Financial Instruments Directive (MiFID) and the Irish Financial Services Regulatory Authority (IFSRA).
According to public figures, Ava FX has over 100K registered customers, and claims volumes of more than $20 billion per month. With the backing of a major financial institution with over $17 billion in assets under management, Ava FX places great emphasis on protecting their customer’s funds and maintaining unparalleled standards of integrity, security, and discretion.
While countless companies have developed forex trading software for experienced, professional traders, the Ava FX AvaTrader online trading platform can accommodate the needs of both novice users and seasoned forex industry veterans. The AvaTrader forex trading platform provides a number of unique features, including full streaming rates, an extensive range of currency pairs, and leverage trading of up to 200:1.
AvaFX also allows traders the ability to diversify their portfolio by trading oil, gold, silver and other such commodities and metals. AvaTrader is fully compatible with the popular Meta Trader 4 platform, and allows the user to build customized workspaces according to the trader’s preferences.
Ava FX offers three distinct live trading accounts; silver, gold, and platinum with minimum deposits ranging from $100, $1000, and $10000. They also offer a $100000 practice account to all new customers. Proper trading accounts can be funded by credit card, bank draft, webmoney, and paypal.
It is worth noting that Ava FX is a market maker, in that they buy from and sell to their clients. While some pundits have speculated on the perceived conflict of interest regarding market makers, Ava FX maintains a strict separation between the market-making side and the brokerage side of the business. Ava FX maintains a policy of no commissions or fees, which includes deposit fees, trading fees, rollover fees, and margin call fees.
Here’s what some of our readers have had to say about Ava FX:
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I have been trading with AvaFX for several months now. I especially like the easy deposit and activation, one click trading, hedging etc. Unfortunately, the spreads are fixed and pretty wide for some pairs. In reality, with slippages you’ll end up with 7-8 spreads so the cost of trading can be high. Execution is often delayed, sometimes anywhere from 30 seconds to 1 minute, and frequent re-quotes appear to be the norm. From my experience, the platform is very simple but it is inferior to Meta Trader 4. I’ve not had issues with customer service, but I have read some real horror stories on other websites. AvaFX doesn’t exactly make it easy to withdraw your funds, either. That’s my $0.02…