AvaFX Review
Reviewer: Matthew Johnson
Rating: 
Website Reviewed: AvaFX
When you are looking for profits from forex trading, finding a credible (not scam) broker is one of the most important step. Having a low quality trading platform, slow order execution, and bad customer services can really affect your trading performance.
AvaFX is not an old broker; it was established in 2006, gain good reputation quickly, and today is one of the most trusted online forex broker. An official audit by Ernst & Young is a proof of their credibility. The 24 hours customer support in form of phone and live chat assures the traders get helps whenever they need it.
AvaFX Review: Features Summary
1. Forex Robot; support Forex Robot and Meta Trader platform. Not all brokers allow forex robot and AvaFX is one of the credible broker that allows forex robot user.
2. Leverage; offer maximum 200:1 leverage; that means with $100 initial investment you can trades for 100 x 200 = 20,000 unit.
3. Commision; AvaFX charges no commission or overnight fees (swap free). It is compensated through the different between ask and bid price.
4. Support; 24 hours trading and support which mean you can trade anytime you want as long as the market is still open and you will get help when you need it. You can contact the support via chat or phone with various languages; English is not a must here.
5. Deposit and Withdrawal; easy deposit and withdrawal using PayPal, credit card, WebMoney, Wire Transfer, NETeller, etc. Minimum initial deposit is $100 with free bonus of $50. This bonus can be larger, depend on the investment size and deposit method
6. Spread; apply fixed spread with the lowest spread is EUR/USD of 3 pips.
7. Trading Platform; if you are planning to use manual trading system, you don’t need Meta Trader. The free trading platform from AvaFX named AvaTrader equipped with adequate features to support your analysis and make trades with convenience such as charting and quick one click order execution.
If you can’t stay close to your computer often, you can have AvaFX mobile platform to stay in control with your trades. Both the platforms allow hedging and scalping. They also allow risk management strategies such as take profit and stop loss orders.
8. Practice Account; allow trader to test the water with $100,000 practice account.
9. Security; AvaFX apply 256-bit SSL encryption and McAfee Secure Security Scan to protect their website against hackers. Customer accounts are audited periodically by their auditor, Ernst & Young while funds are kept in Commerzbank of Frankfurt, one of Germany’s leading financial institutions.
10. Well Known; known as one of the top online forex broker in the world of forex trading.
11. Currencies and Commodities; trade 49 currencies, 6 indices, and 12 commodities. Usually, you won’t need that much, but there are always opportunities in different market that you can use.
12. US Citizen; unfortunately, AvaFX doesn’t accepts clients from US.
Conclusion
With great services and features, AvaFX is one of the best choices for anyone who aims to make money from the forex market, especially forex robot user. If you are using manual trading system, the trading platform and the mobile platform can accommodate your needs very well. For more information aside from the one in this AvaFX Review, click the link below: