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Forex

Don’t trade with avafx.

Hi everyone, My account number is 2050219, I am struggling with Avafx since longtime but my money is stuck in the platform hence with them. AMAR is my account manager and he is only interested in all your deposits to the account.

1. Poor customer support
2. No technical analysis or guidance provided
3. Delays in deposit transfer to account which creates panic and you have to hedge at higher levels.
4. Although they promise you trade recommendations, they leave you to trade on your own and incur losses. 5. What is concerning regarding trading is , AVA practice dealing desk what means they are dealing against you (their client, make money on your back and the only goal is that you feed them more with your money.

Please save your hard-earned money and don’t trade with avafx.

Kavita 2015-10-23
Forex

AvaTrade Review, Rating and Comparison

AvaTrade Review & Rating | AvaTrade Forex Broker

Headquarters:  Dublin Exchange Facility, IFSC, Dublin 1

Country: Ireland

Regulated by: Central Bank of Ireland, ASIC, FSA Japan, MiFID compliant

AvaTrade offer various instruments including Currencies, BITCOIN, CFD’s, FX Options and many others

Trader's rate 2
Editor's rate 3.20

AvaFX Account Info:

minimum deposit: $100

minimum lot size: 1k

max leverage: 1:400

 

Spread:

Variable, from 1 pip on EURUSD 

Fixed, 3 pips

 

Deposit/Withdraw

Bank Wire, Credit card,  PayPal, Moneybookers, Liberty Reserve, Web Money, Neteller

 

Platform:

Metatrader, Custom Trading platform, Mirror Trader, ActTrader

 

Forex Signals and social trading:

Zulutrade, Tradency, Currensee, Ayondo, API

 

 



AvaTrade is a part of the Ava Group, an international company operating out of Ireland, British Virgin Islands, Australia and Japan. The brokerage offers excellent benefits to its customers – starting from a first deposit bonus ranging from $100 to $5,000, Refer-A-Friend bonus of up to $150, private dealers, free trading signals, and the AvaSelect VIP club, where members enjoy express withdrawals, customized trading terms, tailored educational programs and special gifts among other things.  

 
The one thing we are not crazy about are Ava FX's fixed spreads, which are way too high for the industry standard – 3 pips on EUR/USD for example. While fixed spreads can protect you from the spread widening which may occur at the close of markets or during major news releases, we would much rather trade with a broker offering capped variable spreads. And as if this is not all, the broker's average slippage is 2.3 pips, which is super high. 
 
The high spreads and slippage will also impact your automated trading – Ava FX offers the ZuluTrade, Mirror Trader, Currensee and Ayondo social trading platforms, and all these charge commissions for copying signals. Add these commissions to the spreads, and you end up paying a lot more than you should. 
 
The platforms Ava FX's clients can choose from are Metatrader 4 (MT4) and its own Ava Trader. We have tried the latter and we find it to be a bit cluttered and unresponsive, so we would rather opt in for MT4. 
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