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Real Customer Feedback – AVAFX Review (AKA Ava Trader)

Performance:
Trading Value:
Ease of Use:
Customer Service:

 

Please note: As of April 2013, AVAFX has now changed their brand name to AVATrade

 

When it comes to a forex trading platform, Avafx is hard to beat. Beginner and advanced traders alike have come to rely on Avafx due to its ease of use as well as its many trading tools. Whether users prefer to trade via download, mobile, web, or auto-trading methods, Avafx covers it all.

Established in 2006, Avafx has risen to become one of the largest and best known brokers in the forex market, and it has earned the reputation of being client centric due to its heavy emphasis on trader support.

Today, Avafx boasts more than 150,000 registered customers worldwide. With over 1.5 million trades per month – retail and institutional – the platform touts a trading volume in excess of $50 billion each and every month.

What Does Avafx Offer for Traders?

One of the best features of the trading platform is the sheer volume of resources and trading tools that come with the software. The platform has something for traders at all levels – beginner to advanced – starting with its simplicity of use.

The platform is flexible and adaptable for new and experienced forex traders. Avafx’s MetaTrader 4 allows fast execution of trades as well as advanced tools for charting and performing other technical analysis. Thanks to the MetaTrader 4, Avafx is able to offer fast, consistent execution of trades – providing an overall positive experience.

Other features include:

 

Trading Tools

  • Orders. Avafx offers order execution via single-click market executions, or with a double-click market trading option. Types of orders that can be placed include limits, stop-loss, O.C.O’s, and more.
  • Full Streaming Rates. Traders receive full streaming rates up to the millisecond, 24 hours per day.
  • Currency Pairs. offers more than a dozen types of currency pairs.
  • Leverage Trading. Traders are able to trade with a leverage of up to 200:1.
  • Diversification. By using CFDs on metals, commodities, and stock indices, traders can easily diversity their holdings.

Analysis

 

  • Technical Analysis. Traders have a wide variety of technical indicators that are available to them to help with trading decisions.
  • Charts. Professional charts are updated instantly and may be saved in worksheet format.
  • Economic Information. The platforms daily commentary and economic analysis can help traders in making decisions, based on constantly updated global news and information.

Security

  • Protection of Online Information. With the use of SSL encryption, traders’ information is highly secure and protected using daily testing to pass the McAfee Secure Security Scan.

Avafx Education & Support

Avafx offers great customer service. Support is available for traders 24 hours per day, 7 days a week, via email, phone, and by live chat. In addition, the platform offers free live webinars for those who are just getting started with their forex trading.

The platform also has a guided tutorial that is available for traders, offering real time market quotes. This helps both beginning and experienced users in better understanding trading and in improving their overall forex trading skills.

Go to the official trading site >>

Independently Rated As: Please Note…Our rating is based upon no less than 10-15 unsolicited, unbiased testimonials of the product.

These are found on forums, blog posts, similar media and other related sites which reflect real opinions about the product.

Review Detail:

General Trading Features
Minimum Deposit $100
Minimum Transaction Size $5,000
Non-currency Forex Products Oil, Stock Indices, Gold, Silver, Sugar, Rice, Cotton,
Gas and all the other major commodities
Currencies Traded All Major Currencies
Spreads Fixed Under Regular Market Conditions
Commissions
& Charges
Commission free trading?
Commission free deposits & withdrawals?
Unique Trading Features
Accepted currencies for deposits Multiple Currencies
Base account currencies You can choose during the registration process to have
your account denominated in Euros or in USD. Whatever
you choose will be the base currency of your account and
all your profits or losses will be calculated in that
currency.
Speedy Buy/Sell Yes
Stop Loss executed exactly on rate Yes under Regular Market Conditions
Trading Hours
Customer Access 24×7
Normal Trading Hours Opening: Sunday 21:00GMT – Closing: Friday 21:00GMT
User’s Interface
24 x 7 Access
Customer Support Multi-lingual, 24-hour Support Center
Ease of Use User Friendly
Online Trading
Web Interface
Website Languages 12 Languages
Supporting Tools
Demo accounts
Live Training
Online Chat
Deposits & Withdrawals
Commission on profit withdrawals No
Fund withdrawals to credit-card account
Deposit Facilities
Data Security
& Handling
Transaction Security Up to a 256-bit SSL encryption across the website. Website
is tested and certified daily to pass the McAfee Secure
Security Scan


The Upside & The Downside

As with any popular products, there are certainly both pros and cons, depending upon what types of features and results you are looking for. In a nutshell, Avafx has very few downsides, but in summary, the key advantages seem to far outweigh any of the disadvantages.

 

Pros:

 

  • For beginners and advanced traders alike, this platform offers a free live webinar to get you started
  • Traders can begin trading immediately if using a credit card
  • Trades can be made in 49 different currencies, 12 commodities, and on 6 indices
  • Trading accounts can be set in Euro or U.S. Dollar currencies
  • The platform offers daily exclusive institutional analysis
  • Funds may be withdrawn instantly using the AVA debit card
  • 24/7 trading and support

 

Cons:

 

  • Bonuses apply only to new customers
  • Withdrawals may take up to a week

 

What Are Traders Saying About Avafx?

If you really want a good feel for how the platform works, you can go straight to the source – actual traders who are using the product and finding out for themselves how it can benefit them in their forex trading activity.

So what are traders saying about the trading platform?

 

“Trading for past 1 yr. Good so far.”  User comment on ForexPeaceArmy.com

“Avafx is good to me so far, it has been couple of month trading and depositing and withdrawing activities, they are ok.”  User comment on ForexPeaceArmy.com

“The platform is the best one out there. Overall, if you are a medium-size trader, Avafx is definitely worth examining.”  User comment on Babypips.com Forum

“Registration process is easy and hassle free, for the Demo account as well as for the Real Money account.”  User comment from dailyforex.com

 

 The Bottom Line

If you’re a beginning forex trader, their free educational resources, along with the real-time trade simulator, will get you started in no time. For more advanced forex traders, the easy trade navigation allows you to dive right in and begin trading immediately.

Whether you trade in hundreds or in millions of dollars – no matter where you are in your trading career – when it comes down to a powerful and complete overall forex trading platform, Avafx may be hard to beat. After all – over 150,000 customers can’t be wrong!

Start Trading Today >>

 

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