ForexNewsNow – AvaFX is one of the top forex brokers in the market today. They’re safe, well capitalized, and offer an incredible array of features with their trading platform for free. Whether you’re a beginner or an expert trader, online broker AvaFX has all the features and support that you need to be successful.
Forex broker AvaFX was founded in 2006 in Dublin, Ireland. It’s owned by Ava Capital Markets Ltd, which is headquartered in the British Virgin Islands. AvaFX is under the jurisdiction of the U.K.’s FSA. It’s a large broker, executing on average 1.5 billion trades each month and has almost $17 billion in market capitalization.
Types of Accounts
Like most other forex trading brokers, AvaFX offer four different types of accounts to suit your trading style and bankroll. If you’re just getting started out, they provide a free trading demo account, which lets you try out the platform and your trading strategies without having to risk any of your own money. Unlike some other brokers, the demo account gives you access to all of the features you’ll get with a real money account.
For real money accounts there are three different levels with online broker AvaFX. The Silver level, known at other brokers as the mini account, requires a minimum deposit of $100. From there, the Gold level requires a minimum deposit of $1000 and the Platinum level requires a minimum deposit of $10,000.
You can trade with a maximum of 1:400 leverage at AvaFX. This is more than most of the companies on our brokers list allow, but the increased leverage also carries increased risk on your part. AvaFX also doesn’t charge any rollover or margin call fees. The only fees that you will pay are the difference in the pip spread, which is very competitive. The site is available in several languages, including English, Arabic, Chinese, Dutch, French, German, Italian, Japanese, and Spanish.
The most impressive feature of AvaFX is its proprietary trading software, AvaTrader. AvaTrader is built on the incredibly popular MetaTrader4 platform and comes with a slew of features and strategies you normally would have to pay hundreds of dollars for. At your disposal, you will have trading APIs and strategies that cater to all levels of traders. Novices can use the strategies to learn more about the market and hone their trading, while experts can use the APIs to build their own trading protocols.
On top of this, the trading client is very intuitive and easy to use. It offers one click trading, fully streaming quotes, and great charting tools. The charting tools allow you to do anything from drawing simple trend lines to calculating more advanced fibo retracement. It is one of the best trading platforms on the market today for all levels of traders.
On top of the downloadable trader, online broker AvaFX also offers a secure, web based Java trading platform, a mobile trading platform, and support for the incredibly popular ZuluTrade system.
With AvaFX, you have access to 24 hour support by phone, email, and live chat. The only flaw with their support is that the AvaFX phone support numbers are located in the United States, which requires a long distance call for traders in other countries. Luckily, you can still use live chat for immediate answers to your questions.
With its amazing trading platform, bundled strategies and APIs, great support, and safe backing, online broker AvaFX is one of the best forex brokers in the market today. Try out their demo account and you won’t be disappointed.