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eToroeToro

Leverage: 1:400Min Deposit: $50

The ideal site for beginners, with its easy to operate, friendly platform and comprehensive educational center.

Easy forexEasy forex

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A pioneer in the world of currency trading, easy-forex is still one of the most innovative, cutting edge brokers.

AVAFXAVAFX

Leverage: 1:400Min Deposit: $100

Use the top of the line automated trading solutions, or other high quality trading platform of the forex branch of the renowned AVA Group.

 
Trade Online
AVAFX
  • One of the best Online brokers
  • Trading platform suits novice and experienced traders
  • Advanced Features and Resources
  • Spreads start with as little as 3 pips

AVAFX Review

Background and Regulation

In 2006, a group made up of financial professionals and Internet experts joined forces to create the "ultimate on-line trading experience". This led to the founding of Ava FX Group, a world class online forex broker, which also offers CFD trading on stocks, stock indexes, oil, gold and silver among other commodities.

Since its founding, AVAFX has grown to service over 150,000 registered customers in 150 countries, doing a monthly dollar volume in excess of $50 billion. Traders using avafx.com make over 1.5 million trades per month.

Ava Capital Markets Ltd, a member of the Ava Group and parent company to avafx.com, is a European Union licensed investment firm specializing in CFD online trading of currencies, commodities and indexes. The company is based in Ireland and is compliant with the Markets in Financial Instruments Directive or MiFID of the EU investment regulations. AVAFX does not accept traders from the US.

Trading Platform

AvaTrader is an easy to use and understand trading platform. AvaTrader is suitable for traders with all levels of experience, with a comprehensive graphic interface which can be navigated with minimal experience.

In addition to support for MetaTrader 4, the site also offers its clients five auto trading platforms:

Ava Autotrader - an auto trading platform which allows for the trading of strategies instead of just individual currency pairs.

Zulutrade - a strategy based trading platform with a variety of different strategies, established in 2006.

API Trading - an easy to use and configure trading platform designed for customers own trading systems.

Algorithmic Trading - the latest version of the trading platform, AvaTrader includes an algorithmic trading feature, where a customer can write their own algorithms and back test them. The AvaTrader will execute your orders according to your algorithm.

Account Features

Account Types

AVA FX offers three different account types: The Demo account, which is offered free of charge and comes with $100,000 of virtual money. The Standard account has three different levels depending on the initial deposit, while the Premium account can be opened with a higher minimum deposit.

Minimum Deposit

The minimum amount for the Silver Standard account is $100.

Signup Bonuses

Opening a Silver Standard account with $300 will get a $75 free cash bonus. A Standard Gold account makes the client eligible to receive a free cash bonus of $150-$1,000 depending on the deposit amount and method. A Platinum account with a deposit of $10,000 makes a client eligible for a $1,200 cash bonus, again, depending on the method and amount of the deposit. Premium accounts with a deposit of $50,000 and up qualify for special VIP benefits and tailor made accounts.

Deposits

AvaFX.com accepts the following methods for funding live accounts: Credit Card, PayPal, Neteller, MoneyBookers and WebMoney.

Withdrawals

You can withdraw funds through a credit card, a bank transfer and for U.S. clients, through a check.

Dealing Parameters

Spreads

The dealing spreads at AVA FX are fixed, varying from three pips for EUR/USD, EUR/GBP and USD/JPY, to four pips for AUD/USD and EUR/CHF. Other currency pairs and crosses have wider spreads.

Commissions

No commissions are charged on transactions.

Order Types

You can enter a variety of order types, including: market orders, limit orders, entry stop and entry limit orders, stop orders and trailing stop orders.

Minimum Transaction Size

The minimal transaction amount or lot size is a lot of 5,000 units of currency.

Leverage Ratio and Margin

Ava FX offers leverage of up to 200:1 with a minimal margin requirement of 0.5% on all currency pairs, which must be maintained at all times. The minimum 0.5% margin is calculated for the first 100,000 units in all currency pairs, between 100,000 and 2.5 million units, margin of 1.0% is required, for transactions above 2.5M units, a margin of 2% is required.

Additional Features

Market Information and Trading Support Tools

Forex market news at is offered via a daily and weekly market review, technical analysis is offered through Ava's Trading Central.

Training Aids

AVAFX offers a number of forex tutorials for beginners and advanced traders, as well as tutorials for the trading platform.

Review Summary

AVAFX offers everything a trader would need in a comprehensive forex trading website. The site's interface is among the easiest to use on the Internet and can be immediately used by virtually anyone. In addition, advanced features, including auto trading support, offer the professional trader ample opportunities for making profits in the forex market.

 

 

Easy Forex

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Open free $100,000 practice account and learn how to trade