Advantages

Ava Fx customer accounts are audited quarterly by Ernst & Young.
Ava Fx customer funds are kept in Commerzbank of Frankfurt, which is one of Germany’s leading financial institutions. So the financial linkages are excellent.
AvaFx website lists out the entire management team, and that it is indeed a comforting feature to have.
An Ava Fx account can be opened in less than 5 minutes if information is entered correctly.
This site offers e-currency exchange rates to its customers. E-Gold can be exchanged to Web money or Liberty Reserve.

Disadvantages

There is no Meta trader 4 software support.

compare-forex.com 11/02/2009

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People are talking a ton of trash in here and 90% of what they say is a waste of effort to read.

I have been trading AVA for abotu 3 months. My accoutn is up 143%. The platform is great. I never disconnect and I have no problem with order execution.

I see lots of complaints about with draw problems. I have not tried to make a withdraw yet. However, when I see people posting that they tried to withdraw thier profit and then the account goes bust befor they get the funds that tells me that these people are trying to withdraw money that is still invested. If you don't sell a positions do not expect to withdraw the profit... wake the F up people. People crying over losing money is also pointless, these accounts are leverages 200:1. Its easy to lose money. If you place stops too close to the market then expect them to get called. When markets move fast you will not see every point of data on a 5 minute chart... try a tick chart. Try not trading 5 minutes trades. My trades last from several hours to several weeks. I just set my trades and walk away. I will update this when I start making withdraws.

I have have great customer service untill recently when I have been trying to fund a new account. The wire instruction was wrong and we have been waiting for over a week to get the wire returned. I hope that the withdraw proccess works much smoother than this.

At this time I would rate these guys 4/5.

Steve, FPA 09/13/2009

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I have read at a lot of places, there are lots of problem while withdrawing money from there accounts, while submitting is extremely easy. Till now I have only deposited and lost a good chunk of it. Probably I hurried into it. But now when I am reading a lot before goin in for a second round, I doubt whether I should submit more money into it.

Praveen Malik, Earnforex.com 09/13/2009

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I’ve been scammed by Avafx. They canceled all my profits including the remaining amount that had stayed in my account after the previous withdrawal. To put it more clearly:
After a few months of trading I made a withdrawal and everything was OK. Five months later I made a second withdrawal and everything went wrong. If you make profits regularly, the same will happen to you... stay away from them.

Jose, FPA 09/13/2009

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Recently they introduce the AutoTrader System. The system will let you win in the early stage. But after a few trades all your money will be lost. And the worst is they can tell you that the autotrader can perform manual trade but the response is damn slow when you submit the trade or close the trade which results you end up losing. The attitude of the account manager is good when you have no issue. When you have issue with them, the attitude change. Overall i will only rate it at 5/5. I can only say that there are more better brokers out there.

Andy, Earnforex.com 09/13/2009

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I recently came across your platform and compared it with 10 major forex platform in North America and was very impressed. Your platform offers trader the best opportunity to make money on Foreign Currencies, Commodities and Stock Indices with the least amount of investment. Your live technical analysis is nearly 99.9% accurate and help beginner traders to make and not lose money. You should advertise some more, no other platform can match the opportunities you give to Traders.

Great Job.......Love your customer service people too

Patric, FPA 09/13/2009

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Opening Accounts is easy but taking money out is near impossible. There processes are abysmal, I think my 3 year old niece can put a more robust and efficient process than the people there. Imagine a bank wire taking more than 8 days, additionally they just give you the run around continually. No one takes ownership of any customer complaints or clarification. If the truth be told they are not that good only positive is the $1200 bonus but the hitch is that you have to trade 1200 times before you can leave them. I don't know why they are at the top of the list of brokers since they are even worse than FXCM and that's saying something. I will not recommend joining this firm, go with GFT or some other broker.

Doji, dailyforex.com 09/13/2009

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Its fake, its a hunderd percent animated program, they dont invest in real money on the exchange, i tryed, they have no realtime course, the hit them up sometimes with more then 10 percent differents with the real course on stock/exchange. They put by themselves higer wit more then 100 pipes they also not payed out the bonus, they mainpulated the program on that way, that the user almost always loose money, better you go to a casino if you want losing yor money and maybe you have a higher change to make profit from your money.

Bastiaan, FPA 09/13/2009

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I am with Ava for several weeks already. Some things are very good like easy deposit and activation, one click trading, hedging etc. Negatives are that spreads are fixed and pretty wide for some pairs (USD/CAD 5; EUR/JPY 4) and in reallity with slippages you'll end up with 7-8 spreads - so cost of trading is high, just be prepared. During news execution is often delayed for 30 seconds or for 1 minute, frequent re-qoutes are a norm. Charting data get missing during news release, especially on Fridays. Moreover, charting capabilities are not professional enough for forex trading like, for example, moving average can not be modified to close, high, low etc You can not change thickness of the lines etc. Also, some critical indicators like volumes are not available at all. So I have to disagree they have "award winning" platform. From my experience, the platform is very simple and inferior to MT4. Bottom line, if your forex strategy is long position holding then it's ok broker. For short term and scalping strategies look for somewhere else. Regards.

Irene, dailyforex.com 09/13/2009

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Ava FX was founded to provide the best possible FX trading experience for the online trader. Ava FX is backed by a large financial conglomerate with over $16 billion in assets under management and rated “AA” by a S&P affiliate rating agency. Ava FX provides a new breed of service to the retail online trader. Unlike most FX companies, which were founded by bankers, Ava's founders come from the marketing side of the online retail FX world, and appreciate the special requirements of the retail trader.

Anonimous, FPA 09/13/2009

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