Last Updated : Sunday 15th October 2017
Written By Tim Baudin
Forex Trading Instructor
Regulation : Central Bank of Ireland, MiFID, ASiC
Accepts US Clients: No
Min. Deposit : $100
Leverage : 1:400
Platforms : MetaTrader4, ActForex, Autotrader, Currensee, AVA mobile trader
- Multiple stable and reliable trading platforms
- Comprehensive educational resources
- Quite impressive leverage ratio up to 1:400
We Don't Like
- Lack of charting package in their trading platforms
- no deposit bonus offer is not available
Besides some minor limitations, this broker has too many exclusive features and offers for their clients. Their low spread offer with a small initial deposit is truly an advantage for beginner forex traders. They allow leverage up to 1:400 which is another advantage to avoid a margin call and increase profitability.
- Expert Opinion
- User reviews
AVA Trade was established as AvaFx in 2006. AVA Trade is a rapidly expanding broker with their twenty thousand registered customers worldwide.
They have a trade volume of over $60 billion per month. Their headquarters is situated in Dublin, Ireland. Besides this, they have regional offices in Paris, Dublin, Milan, Tokyo, Sydney and New York. AVA Trade is an award winning broker regulated by the Central Bank of Ireland, ASIC (Australia) and FSA (Japan).
AVA Trade has a wide range of reliable and stable trading platforms for their clients. These platforms are as follows,
Ava Trader :
AVA Trade is the in-house built platform of AVA Trade where traders can trade Forex, Commodities, Indices, Equities and Bonds at a time. This platform is user-friendly and powerful by build. This platform has all the features of advanced forex trading platforms such as advanced charting, multiple live news feed and analysis.
Meta Trader 4:
Most of the forex traders prefer trading with Meta Trader based trading platforms, especially Meta Trader 4. Meta Trader 4 is a popular and reliable trading platform in the world of forex trading. Meta Trader 4 is enriched with advanced charting and trading tools. Expert Advisors (EA) allow traders to develop and modify their trading strategies.
Here are some snapshots of Meta Trader 4 trading platform.
Meta Trader 4 Floating Spreads:
This is also Meta Trader 4 platform, but it comes with a dynamic tight spread offers. Traders are able to trade in Forex, Commodities, Stocks and Indices using this platform and can enjoy spreads as low as 0.9 pips. Spreads are dynamic and price is quoted similar to the biggest banks of the world.
This is the newest platforms of AVA Trade for their clients. Ava Options allows traders to trade in FX Spot and FX Options in the same platform.
AVA Trade provides industry leading automated trading platforms for their trader clients. Automated trading is suitable for those who do not have adequate time to trade frequently in the market. AVA Trade provides three types of automated trading platforms; Mirror Trader, Zulu Trade and Currensee.
Mac trading platform of AVA Trade supports almost all Mac computers and Java based tablet computers. This platform is easy to use without downloading and installing any trading platform. This is basically a web based trading platform. Traders can trade in all the trading instruments provided by AVA Trade through this trading platform. This is a reliable trading platform that consist live quotes, charts and news.
This platform gives access to trade in the markets from anywhere. Traders do not need to access from home computers and do not require to download platform for trading. Traders can trade from anywhere through this trading platform. Traders can access in this platform via Internet Explorer, Google Chrome, Firefox, safari and many more internet browsing software. This platform is open 24 hours a day and 5 days a week.
Here are some snapshots of Web based Sirix platform of AVA Trade.
AVA Trade provides Meta Trader 4 platform for mobile phones. Traders can access and trade in forex market by this platform from their mobile phones. This platform supports iPhone, iPad, Android and Windows mobile phones. All the advanced features of Meta Trader 4 trading platform are available in this mobile platform.
AVA Trade is a regulated and reliable broker with so many exclusive features for forex trading. They offer trading in a wide range of trading instruments besides forex market. Besides strong and reliable regulation, they also ensure safety of funds of traders’ investment.
They have fixed and floating spread offers with a wide range of stable trading platforms. They require $100 minimum deposit which is pretty small and flexible for most of the forex traders. They allow leverage ratio up to 1:400 which is flexible and suitable for both beginner and advanced forex traders.
Their account opening, deposit and funding process is quite easy and reliable. Beside these features, they provide many educational tools and resources such as video tutorials, webinars, live market news, forex trading eBooks and market analysis. They have trader friendly and active customer support options for their clients.
Types of Trading Accounts:
AVA Trade offers different types of trading accounts. These are as follows,
AVA Trade provides a demo account option for traders where they can practice trading without risking real money. They provide a demo account of $100,000 virtual money.
They have three major types of trading accounts suitable for different types of traders. These are,
• Silver Account – Suitable for beginner traders and traders willing to deposit a small amount of money. This type of account requires a minimum deposit of $100.
• Gold Account – Suitable for experienced forex traders and requires a minimum deposit of $1000.
• Platinum Account – Suitable for more experienced and expert forex traders those who willing to deposit more than $10,000.
This type of trading account is suitable for only expert forex traders with substantial investment. This type of account requires a minimum deposit of $100,000.
Commissions and Spreads:
AVA Trade does not charge any commissions for forex trading. They earn from spreads. They offer fixed and floating spreads depending on the type of trading account. Their spread offer ranges from 3 to 7 pips for most of the major pairs.
AVA Trade provides 24 hours a day and 5 days a week customer support. Their customer support is available in various methods. They provide customer support through live chat, email, telephone and fax. They provide customer support in different languages such as, Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Portuguese, Russian and Spanish.
What We Liked:
Wide Range of Trading Platforms: AVA Trade provides various reliable trading platforms for their traders. They have web based platforms as well which gives an instant access to trade without downloading or installing platform.
OCO Order is Available: OCO order can save a trader from getting unexpected open positions. OCO orders cancel previous placed orders; thus traders do not need to cancel previous orders manually. Very few brokers offer OCO orders and AVA Trade is one of those.
What We Disliked:
Do Not Provide “No Deposit Bonus”: AVA Trade is known as a very friendly broker to beginner forex traders. But, the major limitation of this broker is they do not provide any bonus without deposit. Bonus without any deposit is very helpful for new comers who are willing to have an experience of real trading without risking their money.
The Bottom Line:
Except the restriction for US clients and absence of “No deposit bonus”, AVA Trade is above average. This is a reliable broker with lots of flexible offers for various types of traders. I liked the educational resource section of this broker which is very handy for new comers and beginner forex traders.
I have been with AvaFx for a year now. No problems with cash out whatsoever. The account manager and the support team is friendly and always return your calls/queries. No problems for me.
Portion of actual user comment on Earnforex.com
Good broker, I made my deposit so easy with my card. I didn’t get any problem with about MT4 platform and withdraw 2000 dollars any problem.
Portion of actual user comment on Forexpeacearmy.com
i guess its good broker, i didn’t try it personally but i have some friends happy with it.
Portion of actual user comment on Talkgold.com.com
|Trading Platforms||Ava Trader, Meta Trader 4, MT4 Floating Spreads, Ava Options, Automated trading, Mac Trading, Web Trading and Mobile Trading.|
|OS Compatibility||Mac, Microsoft Windows, Mobile, Web, iPhone, Android|
|Web Based Trading||Yes|
|Platform Languages||English, French, German, Italian, Spanish, Arabic, Portuguese, Russian, Swedish, Turkish, Greek, Chinese, and Japanese|
|Addition Services||Streaming News Feed, Charting Package, Trading Signals, Automated Trading, Expert Advisors (EA), Market Commentary|
|Other Tradable Instruments||CFDs, ETFs, Stocks, Indices and Commodities|
|One Click Trading||Yes|
|Account Details :|
|Min. Initial Deposit||Silver Account – $100.|
Gold Account – $1000.
Platinum Account – $10,000.
Ava Select - $100,000
|Typical Spread (Majors)||EUR/USD – 3|
|Deposit Options||Credit Cards, MoneyBookers, Wire Transfer, PayPal, Neteller, WebMoney, Debit Cards|
|Withdrawal Options||Credit Cards, MoneyBookers, Wire Transfer, PayPal, Neteller, WebMoney, Ava debit card|
|Account Types||Micro, Mini and Standard|
|Number of pairs offered||60|
|Dealing Desk||DMA (Direct Market Access).|
|Additional Features||Forex Education, Fundamental Analysis, Audio Commentary, Tutorials, Webinars, Economic Indicators|
|Bonus and Promotion:|
|No Deposit Bonus||No|
|First Deposit Bonus||50% (varies depending on the deposit amount).|
|Other Promotional Offers||Trader Benefit, Ava Select|
|Company Information :|
|Headquarter In||Dublin, Ireland|
|Regulating Authority||Central Bank of Ireland, ASIC (Australia) and FSA (Japan).|
|US Clients Accepted||No|
|Customer Support Languages||English, French, German, Italian, Spanish, Arabic, Portuguese, Russian, Swedish, Turkish, Greek, Chinese, and Japanese|
|Support by||Live chat, Telephone, Fax and Email|