AvaFX review
AvaFX is one such Forex broker who ranks prominently in the list of reliable and successful Forex brokers today. It was the innovation of some of the best financial professionals. Since its establishment in 2006, AvaFX has aimed to provide their clients with the best of services there are in the Forex trading market. Today it seems that their mission is partly completed since AvaFX now includes a good number of satisfied clientele in its counts. Using AvaFX one can be sure for the ease of trade since the Forex trading platform it provides is designed carefully keeping only the customer in mind. The platform offered by AvaFX is online and downloadable. It is ideal for novice as well as veteran traders as it provides a completely comprehensive and clear trading approach.
For beginners who are new in the arenas of trading, AvaFX offers its demo accounts service. These demo accounts are topped up with a virtual money balance of $100,000 for 21 days. Novice traders can practice with their demo accounts before they can begin with real time trading. Unlike other demo accounts with other brokerage firms, the ones offered by AvaFX incorporate all necessary features of a real live account.
For veteran or professional traders AvaFX offers four basic types of accounts namely, Silver, Gold, Platinum and lastly the VIP accounts. The minimum deposit limit varies from one account type to another. For the Silver accounts it is $100. For the Gold accounts type it is $1000. For Platinum $10,000 and as for the VIP account the minimum deposit limit is $50,000. AvaFX also offers its clients deposit bonuses on all type of account opening. However the account bonuses given depend on the account types. There is also an ease of withdrawal/ deposit of money with AvaFX. Both of them can be done using Credit Card, PayPal, Neteller, MoneyBookers, Western Union, Wire Transfer, WebMoney and also MoneyGram. Also the account holders at AvaFX can use their special AvaFX Debit MasterCard for withdrawals straight from their accounts. There is absolutely no trading fee charged at all.
Not only traders can trade using a dozen currency pairs with AvaFX but in fact they also have a few other options. Along with trading commodities and currency pairs, customers at AvaFX can also trade in Dax 30, S&P 500 and also in Nasdaq 100. Even the top trading brokers do not offer these trading tools that often. Trading at AvaFX starts from as small an amount as $100.
AvaFX offers fixed spreads to their customers which start from 3.0 pips. There is absolutely no commission charged on trade. The leverage offered per trade with AvaFX varies between 1:200 to 1:500. Also clients at AvaFX are offered exclusive daily analysis of the prevalent market trends and a lot of technically advanced trading tools. Accounts can be maintained with EUR and USD as base currency.
Another attractive feature of AvaFX is the fact that its customer support is available 24 hours. Customers are guided via email, phone and online support is also provided.