An Overview Of AvaFX Currency Trading Platform
AvaFX currency trading platform is owned by Ava Capital Markets Ltd., and was established in 2006. The company’s major office is in Dublin, Ireland; however, anybody can trade currency online from over 150 countries.
Forex trading operations of AvaFX comes under the jurisdiction of MiFID (Markets in Financial Instruments Directive) of European Union, and the company is known to execute more than 1.5 billion trades per month.
Forex trading has increasingly become popular over the past few years, and many companies provide sophisticated platforms to trade currency online.
In this AvaFX review, we explore the various features offered by this company for fx trading, and certain unique aspects that makes AvaFX stand apart from the rest.
AvaFX Currency Trading Platform Review
AvaFX provides a number of platform options to its customers for forex trading. Their primary platform is Ava Trader, which has a user-friendly interface that is quite intuitive. Through Ava Trader, you can access the popular MetaTrader 4 platform, or you can do automated trading through Zulu Trade.
AvaFX also offers a Java based platform for Mac users, and a mobile app if you prefer fx trading through your smart phone.
The main advantage of Ava Trader over other forex trading platforms is that it is multi-faceted, and offers many configuration options to suit individual preferences. It is considered one of the best forex trading platforms currently available, as it is ideal for the newcomer as well as for the professional trader.
AvaFX offers a multi-faceted currency trading platform with advanced functionality, charts and configurable options that can be customised to suit individual traders preferences.
AvaFX caters to all types of investor budget levels. The Silver account requires a minimum deposit of $100, whereas Gold account can be opened for $1000, Platinum for $10,000 and VIP is for $50,000. AvaFX even offers the operation of these accounts, according to Islamic principles, if you are a Muslim.
AvaFX also offers a demo account with all the features of the original, to allow currency trading for beginners and a way for novices to practice trading skills without risk.
Spreads, Commission and Leverage
AvaFX, like all the best forex trading platforms, does not charge commission to trade currency online. Traders are charged on fixed spreads in the range of three to seven pips. The company also does not charge any margin call or roll over fees.
The maximum leverage offered by AvaFx is an astounding 1:400, and the minimum size of deal can be 5,000 or according to margin limitations.
AvaFX Trading and Analysis Tools
AvaFX enables market executions with a single click and market trading with two clicks. It also provides a host of analysis tools like the Economic Calender, so that traders can take rational decisions based on proper data, to trade currency online.
Traders also have access to various charting tools, which makes analysis of trends much easier.
Customer Service and Support Options
The company provides support to its clients by email, live chat, and phone. The phone service is based in US; hence, traders who call from other countries will be making a long distance call. However, phone support is available in multiple languages for traders who cannot speak English.
AvaFX provides multiple platforms and customization options to trade currency online. The comprehensive research tools, intuitive features of the simple interface and reliable operations, make AvaFx one of the best forex trading platforms in the world today.