AvaFX Review, Overall Rating: B
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| Support | A |
| Reliability | B |
| Ease of funding and withdrawal | A |
| Spreads | B |
| Disclosure | C |
Forex-rates.biz says: |
| "AvaFX is good for advanced traders looking for a robust platform. In addition to offering trading in over 60 currency pairs, they also offer trading in global indices and commodities." |
| Broker has a Dealing Desk: | Yes |
| Offers Straight through Processing | Yes |
| Liquidity Providers | Not Disclosed |
Review Summary:
AvaFX has been operating online since 2006, and is located in Nicosia, Cyprus, but also has offices in Dubai, UAE and Jakarta, Indonesia. Their parent company, Ava Financial, is registered with the Financial Services Commission in the British Virgin Islands, and is audited by Ernst & Young. Funds are held at Commerzbank in Frankfurt, Germany.
Clients of AvaFX can fund their trading accounts using credit cards, PayPal, Moneybookers, Neteller, WebMoney, and Bank Transfer, and opening a live trading account requires a minimum deposit of only $100. Withdrawals are paid via the same method by which funds were deposited.
In addition to traditional e-mail and phone support, AvaFX also offers a live chat service.
AvaFX claims to offer a variety of customised accounts depending on the amount of money that is going to be traded, so larger traders would do well to inquire in order to receive what may well be better than standard service, superior spreads, etc. Additionally, AvaFX features a free-to-the-public educational center where beginning traders can learn how to trade forex, along with free market analysis offered to registered members.
