AVA FX
There are many foreign exchange market brokers to choose from, and they come in many different sizes and configurations. Bigger isn’t necessarily better, though, and Ava FX is a modestly-sized broker that brings a lot of flexibility and different features to the table. Is Ava FX the right forex broker for you, though? To get a better idea about whether or not to trade with Ava FX, check out our comprehensive review below.
About Ava FX
In terms of longevity, Ava FX has not been around for a very long time. It was founded in 2006, but has already managed to secure more than 100,000 customers during its brief history. Ava FX is incorporated in Ireland, and its operations revolve around its unique software, Metatrader 4. Although Ava FX is small when compared to many other foreign exchange market brokers, its reputation is enhanced by the fact that it is backed by a major financial institution. That financial institution has been given an “A+” rating by an S & P-affiliated rating agency.
Ava FX doesn’t boast a large number of branches spread across the globe. Instead, it is made up of two basic entities: the Ava Group and Ava Capital Markets Ltd. Of course, location is not of primary concern when it comes to trading on the foreign exchange market online, and Ava FX makes up for its small size by offering a high level of customer service and support.
Key Registrations
Unlike many of the top forex brokers doing business today, Ava FX does not appear to have a large number of key registrations. Instead, it is listed as “compliant” with the Markets in Financial Instruments Directive, or MiFiD, and is regulated by the Irish Financial Regulator.
Contact Information At A Glance
If you opt to sign up with Ava FX to conduct your forex trading, you will need to keep all of its pertinent contact information handy. That way, if an issue arises you will be able to quickly and easily get the help that you need. Basic contact information for Ava FX is as follows:
- Toll-Free Phone Number: 1 (888) 541-3720
- Local Phone Number: 1 (212) 941-9609
- Fax Number: 1 (646) 335-0333
- Trading Desk: trading@avafx.com
- Email Support: customer@avafx.com
- Online Support/Live Chat: www.avafx.com/support/Online
Vital Trading Information About Ava FX
Trading on Ava FX centers around its custom trading platform, AvaTrader. Like many other online foreign exchange programs, Ava FX’s AvaTrader features a user-friendly interface and is free for current Ava FX customers to download and use. Live streaming prices allow traders to quickly and easily make the moves they need to make. Multiple worksheets can be opened at once, increasing the ease-of-use and flexibility of the AvaTrader program. One-click trading, easy-to-read charts, simple lists for open positions and orders, user-friendly dealing rates tables – and many other great features – are all available on the AvaTrader platform.
Ava FX also offers mobile trading to those who wish to manage their foreign exchange trades via their cell phone or other mobile device.
There’s more to Ava FX than its software, which is why we take a closer look at several key characteristics of the service below.
Minimum Deposit Amounts
At $100, Ava FX has one of the higher minimum deposit amounts among top foreign exchange market brokers. Still, it is more than enough to get the ball rolling and those funds will be used in short order to engage in foreign exchange trading.
Account Set-Up
By applying online, you can set up an account with Ava FX in a relatively short amount of time. The application itself typically only takes three to five minutes to complete. From there, it takes another few days to have your application approved. An email is sent when your account is all set and ready to go; an initial deposit is, of course, required.
Demo Accounts
For up to 21 days, you can sign up for a free practice account with Ava FX. With your free account, you will be given a balance of $100,000 in fake currency so that you can get a real sense for how Ava FX and the AvaTrader software works. For best results, traders are advised to use their practice accounts for the full trial period in order to see how fluctuations and other events affect their positions.
Dealing Desk
There is no express or implied guarantees or promises made by Ava FX regarding dealing desks and trading against its customers. For that reason, traders are advised to participate at their own risk. However, this advice holds true for all foreign exchange market brokers and in no way suggests that Ava FX is inferior.
Leverage Limits
Leverage limits of up to 200:1, or up to 200 times the current equity value, are par for the course with Ava FX. With a $500 deposit, then, you could open trades of up to $100,000 with this broker.
Trailing Stops
Ava FX does support the use of trailing stops, and they are easy to set up using AvaTrader. On an existing trade, traders simply need to edit the trailing stops option within the “Open Positions” window. Otherwise, you just need to enter a stop order, click on the “Trailing Stop” option and specify the number of pips from high or low that you desire.
Trading Spreads
During normal market conditions, Ava FX offers spreads of three to four pips on major currency combinations. For example, the spread for EUR/USD is typically three pips; the spread for USD/CAD is typically five pips.
The Bottom Line
Despite its modest size, Ava FX brings plenty of benefits and features to the table for traders who choose to sign up. However, the lack of guarantees regarding trading against its customers and its lack of accreditation with major regulatory bodies may raise concerns for many traders. Ultimately, Ava FX may prove to be a wise choice for those just getting into forex trading, but may not be as attractive to more seasoned traders.
February 28th, 2011 at 4:28 am
How safe our deposits with Ava?
Iam in saudi arabia how much time it takes to transfer money from Ava trading account to my account in saudi arabia and how much charges for Ava or banks, let me know the whole porcess.
July 13th, 2011 at 4:21 am
what is the lowest amount to start with and what is the deposit for
July 20th, 2011 at 7:17 am
Top spreads. Top service, overall a good broker
August 17th, 2011 at 12:58 pm
AVA is not a trusted company and it is not sure that your money is in save place.
Usually they keep more than week to transfer moeny from you account when it is debited from immediatly. The same when the get the moeny, they will credit your account very late.
What is concerning trading, AVA practice dealing desk what means they are dealing against you (their client, make money on your back and the only goal is that you feed them more with your money. Their structure is very suspecious. There is AVA financial ltd a BVI hold but some forgein people from Isreal and AVA Capital Market which the sole steak holder is AVA financial. Then look at their financial and see if you can go to Isreal to get your money back from these guy. The guaranty in AVA Capital Market is very limoited. Then if you ar ready to forget your money you can start deal with AVA!!!! Hope that these few lines will help you.
September 19th, 2011 at 8:28 am
This broker is one of my favorites. Info you see above is old. They have many platforms including metatrader. Fast deposit and withdrawal thru their mastercard. No bank account needed. And the differences is: They are Irish 🙂 and regulated. I love it.!
October 11th, 2011 at 2:28 am
What is the process and steps to open a real account in forex?
December 8th, 2011 at 7:14 pm
i have just lost £180,000 on AvaFx because they have closed my account due to arbitrage, so they claim. I have immediately contacted a lawyer ans we are about to issue proceedings at the High Court.
it will cost me a lot of money but I cant afford to loose this money. If you are losing money with AvaFx or they close your account, email me and I will send you the details of a good lawyer that specialises in Forex trading and litigation
marco.faleria@libero.it
January 30th, 2012 at 8:40 am
AvaFX is Terrible; Once their servers shut down for few hours while the oil market was crazy, and they didn’t even apologize…. Once I wanted to withdraw and they refused to wire the money claiming that I must do so to my Credit Card, which was against what they declared on their own website…. They promised the withdrawal within 1 week but it took more than 2 weeks….. Last but not least, and this is the BOMB SHELL: they are the only party online I shared my Credit Card info with, and my Credit Card info was stolen and just yesterday 28 January 2012 someone in Du branch in Dubai used it to steal thousands of Emirati Dirhams from me; apparently the AvaFX staff who has access to such sensitive info isn’t trustworthy at all, especially after multiple phone calls from them to convince me to trade with them again, with 10’s of thousands of Dollars, and every time I tell them it’s not time yet…. SO: MY ADVICE TO EVERYONE: NEVER TRADE WITH AVAFX: THEY ARE TERRIBLE… Once I prove they were behind the scam of my Credit Card in Dubai, I will sue them BIG TIME.
February 19th, 2012 at 9:30 am
Hello,
Baltazar have all the reason. Ava is not a trusted company, the MT4 platform doesn’t work, grafics are not reals (demonstrable)and many times you have no connection, trade timeout, invalid price..When I have a bad experience with AVA MT4 ; I was wrote a lot of emails for an explication , and three days after I received a phone with apologies.So, IF YOU WANT TO LOOSE MONEY, CHOOSE AVA
February 22nd, 2012 at 2:58 pm
After a bad experience with AVA, I was made a real report, with charts , e-mails , ….. about how can AVA manipulated the market. If you want to read this, just give me your adress and I will send to you this report. (formula17070@yahoo.com). DON,T TRUST IN AVA FX. THANKS
March 6th, 2012 at 8:50 am
So, the AVA MT4 platform does not work well: many, many messages like “no connection” ” invalid prices” “trade out fo time” and many more. For these reason, the charts are not real, many gaps, candlestick that are not real. Customer support=0. So, if you need problems, CHOOSE AVA!!!
March 10th, 2012 at 10:40 am
AVA have technical problems with MT4 platform. They recognize that platform has problems in this time customers continue to lose money. So, IF YOU WANT TO LOSE MONEY, CHOOSE AVA.
March 10th, 2012 at 10:43 am
David have all the reason, the mt4 platform don’t work. And the customer suport , after you make the money inside = 0. So AVA is not a trusted company.
June 18th, 2014 at 11:48 am
Thanks. Good to know this. AVA FX in Dublin used this same scam when I started trading with them. You position your trades to take advantage of volatility, and instead of seeing gains in your a/c, you find that your a/c has been cleaned out. All you get on complaining is a million lies. It’s an Israeli company, so it anyone’s guess why they are based in Dublin when London is a stones throw away, and a more prestigious location for brokers; oh yes, London is regulated…see my point. They may as well be based in Cyprus, at least that way you would know they were trying to avoid scrutiny. Gives Dublin a bad name; hopefully they pack up & go home at some point.
June 18th, 2014 at 11:54 am
Ava fx is a great …scaam.
June 18th, 2014 at 11:56 am
Thanks. Good to know this. AVA FX in Dublin used this same scam when I started trading with them. You position your trades to take advantage of volatility, and instead of seeing gains in your a/c, you find that your a/c has been cleaned out. All you get on complaining is a million lies. It’s an Israeli company, so it anyone’s guess why they are based in Dublin when London is a stones throw away, and a more prestigious location for brokers; oh yes, London is regulated…see my point. They may as well be based in Cyprus, at least that way you would know they were trying to avoid scrutiny. Gives Dublin a bad name; hopefully they pack up & go home at some point.