Info About Avafx

Avafx review

This is a fairly sound broker, and while not 1 of the largest or far more extensively acknowledged, does give sufficient situations for trading. Apart from foreign currency, the broker also delivers you CFD trading on all his platforms which makes trading far more handy. Additionally, a handful of fundamental trading tools are available, some of which are far more advanced than other folks, but there could be far more. The broker does not give the complete array of analytical tools available in the market and does not excel with a lot of refinements. Even so, a lot of traders will find what they are looking for in this broker. Opening a trading account is fast and simple. Deposits can be made in a assortment of approaches and permits you optimum flexibility. The first minimum investment essential and leverage presented, is sound. Spreads presented by the broker are regular for the market.

“Demo trading” – yes, unrestricted. Score: 10

Initial Investment – while there is no “MINI” account, you can open an account with a minimum deposit of one hundred$ (acknowledged as a “silver” account), and the reality that the leverage essential is not substantial, permits you to “practice” trading “live” with relative peace of mind. The broker delivers accounts with larger investments needs (at least $1000 for a “Gold” account, $10,000 for a “Platinum” account and an first investment of $50,000 gains you “Ava Premium” standing). The differences between the sorts of accounts are reflected in the bonuses you get. Score: 8.5

Deposits and withdrawals from your account – opening an account is not complicated and is done on-line. You have a variety of ways to deposit and withdraw funds. These include credit cards, bank transfer and on-line payment methods such as PayPal. Score: 10

Spread – 3-5 PIPS for the main currency pairs. Spread is fixed during trading.
Stop Point – on the face of it, it appears that the broker does not guarantee a stop point. However, it is worth checking with the brokers representative if it is possible to add a stop point to the contract and to define the stop point for all market conditions (especially if you intend to deposit a significant sum when opening your account).
Leverage – Forex – 1:200. CFD – 1:100. Score: 8

Interest – You should check with the broker if he calculates interest and also, under what conditions (only on ongoing transactions, perhaps also or instead of the balance in your account).
Regulation – The broker is not regulated, however, he claims that he is monitored, through quarterly reports, by the Cheuvreux Bank of Frankfurt which is considered one of the major financial institutions in Germany. Score: 6.5
Trading tools:
Technical and professional support – 24 hours a day.
Literature, professional articles and on-line tools – none.
Trading courses – on-line.
Reviews and market surveys –reviews and market surveys are available.
Trading alerts – none.
Traders help guide – the broker offers a number of trading and management guides.
Range of foreign currency pairs offered – some 40 pairs of foreign currency plus more than 20 commodities, indexes and the like (CFD)
Languages – support for 12 languages.
On-line trading room – none.

Personal coaching – none.
Bonuses, free gifts and other “goodies” – up to 1200$ on your initial deposit (depending on type of account and amount deposited). Trading is possible via cell phone
Downloading trading platform – yes.
Trading programme “friendliness” – the programme provided is average in terms of convenience and professionalism and is suitable for most traders, but not all, as it is lacking in analytical tools, indicators and oscillators. Score: 8
Advantages – the novice trader can find in this broker a solid partner to work with. The fact that he allows opening an account (easy, on-line, reasonably fast and flexible deposit methods) with a low initial deposit, along with his not allowing high leverage, is an advantage for the new trader. It is possible to practice trade with a “Demo” account and also to trade in a wide range of foreign currency pairs as well as other options such as CFD. All this at a relatively low cost in terms of spread, even if there are competitors who have lower costs.
Disadvantages – not every trader will “click” with this broker especially if he works with methods that demand advanced analytical tools, if you prefer high leverage or you work on positions where it is necessary to make decisions and transactions on the spur of the moment. The trading programme is not the best available on the market. Experienced traders may find themselves preferring the competition that provides cheaper spreads, more decision making tools and generally, better conditions, especially when opening large accounts because of the confidence and the trust that they place in their trading abilities. They too, are looking for security that is provided by regulation better than that provided by the broker, and this, despite the state of the art platform provided by the broker.
Brokers score: 8
Please note: as with all businesses and commercial companies, from time to time brokers may also change their offers, terms and conditions as well as the bonuses they offer their clients. Because of this, it is recommended checking to see if the broker’s offers differ from those mentioned in this article before deciding to work with him.