|Regulated:||Regulated by the Central Bank of Ireland, MIFI, ASiC and BFI|
|Min Trade Amount:||1,000 units|
|Bonus:||Up to $5,000 Welcome Bonus + Free iPad!|
|Free Demo Account:|
|Trading Platform:||Web based (MT4), Mobile and Tablet|
|Types of assets:||Forex, Stocks, ETFs, Indices, Commodities, CFDs|
|GTD Stop Loss:|
Ava Financial Ltd operates the AvaFX and AvaTrade forex brands and all business associated with them. The company has a branch office in Dublin, Ireland, which enabled it to get an operational license from the Irish authorities. Other areas where Ava Financial Ltd has offices and is regulated are as follows:
a) in the EU: MiFID
b) in Australia by the Australian Securities and Investment Commission
c) Japan: Financial Services Agency and the Financial Futures Association of Japan
a) AvaTrader is the downloadable forex trading platform used by AvaFx. It is a customized version of ActTrader’s turnkey platform.
b) AvaJava is the web-based version of the AvaTrader.
c) Ava MT4 is the MT4 platform introduced just two years ago.
d) Autotrading platforms with Zulutrade and Currensee also exist.
e) Mobile Trading apps for the iPhone, iPad and Android devices. There is also a Windows mobile platform, but only the MT4 is compatible with this. For other devices, the AvaTrader or MT4 can be used.
Once a trading account is opened and traders choose a platform to trade that account with, the platform cannot be changed anymore.
Traders can operate two types of accounts on AvaTrade:
a) The demo account which is time-limited and can only be opened by those with dunctional live accounts.
b) The live account which can be an AvaTrader account, an MT4 account of a Mirror Trader account. Live accounts on Avafx are classified based on the type of trading platform to be used by the trader.
Traders are awarded first-time bonuses depending on the amount of money deposited in the trading account. There are always seasonal bonuses for Christmas, Easter and market volatility bonuses to enable traders benefit from special periods where the forex market is experiencing high volatility.
Autotrading is one feature that features very robustly on AvaTrade. Autotrading can be done with the Zulutrade platform or with the Currensee system. Another autotrade feature known as AvaTrade has just been launched.
The Mirror Trader facility allows traders to copy the successful trades of other good traders, with a social interactivity component added to it.
In addition, there are several new features that have been incorporated into the Avafx platforms. Some of these are an educational center, live audio commentary providing technical and fundamental analysis, real-time charts analysis and a squawk box.
Avafx also has a very good affiliate reward system that promotes the formation of partnerships between Ava Financial Limited and the great traders in their network. These partnerships allow such traders to monetize their knowledge in several ways: introducing brokerages, white-label partnerships and a robust affiliate payment structure done via the AvaPartner system.
Deposits and Withdrawals
Transactions on Avafx can be performed by the following payment methods:
a) Bank wires
b) Credit cards can be used by a select few.
c) E-wallets: E-wallets such as PayPal, WebMoney and Neteller are available.
Accounts on AvaFx can be opened for as little as $100 or 100 Euros. The minimum trade size is 0.05 lots or 5,000 units of the base currency. There are no restrictions on the amount of money that can be deposited into the account or the amount that can be withdrawn. There is also no restriction on number of withdrawals, and no deposit or withdrawal fees are charged.
Leverage on the trading account is set to 1:200, but this can be adjusted by the broker if the trader so wishes and puts this request in writing.
Avafx’s customer service desk can be reached at any time of the day during the trading days of rhe week using:
a) Email form:[email protected]
b) Phone: +1-212-941-9609 (international)
c) Live chat facility