Ava FX Forex Review
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Likes
Ava FX has a wide variety of platforms and automated trading solutions; CFD trading offers exposure to stock and commodity markets.
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Dislikes
Wide spreads create pricey trades; dealing desk environment; under developed mobile trading application.
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Bottom Line
Ava FX does a good job at creating a well rounded brokerage experience. The company offers automated trading, education, fundamental analysis, and four different trading platforms. While transactions are a bit pricey, Ava FX's "fixed spread" environment may appeal to traders who like consistent spreads and fixed transaction costs.
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Ideal Client
Non-US clients who are looking for a great all around introduction to Forex with a small account. The high spread cost makes Ava FX unattractive to those trading with larger accounts
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2013 Review Star Ratings
N/A - Not Applicable
Full Ava FX Review
Ava FX is an online broker that only accepts non U.S. customers. Ava FX currently offers forex trading on 60 currency pairs as well as CFD trading (for exposure to both stock and futures markets). Ava FX is headquartered in the British Virgin Islands and has an additional office in Dublin Ireland. The company boasts 150,000 trading accounts in 150 countries.
Our Ava FX review provides trade platform screenshots, detailed commission information, and online broker ratings.
Compare Ava FX to Key Competitors
Trade Commissions Breakdown
| $22.00 | Forex Trades* |
|---|---|
| Dealing Desk | Clearing Method* |
| $0.00 | Broker Assisted* |
| $100.00 | Minimum Deposit |
| Micro | Minimum Contract Size |
| N/A | Maximum U.S. Leverage |
| 400:1 | Maximum Int'l Leverage |
Typical Spreads
| 3.0 | EURUSD |
|---|---|
| 4.0 | GBPUSD |
| 3.0 | USDJPY |
| 4.0 | USDCHF |
| 4.0 | AUDUSD |
Commission Notes
By default, Ava FX accounts are set up to charge no commission and they are compensated through the bid ask spread.Spreads - Ava FX offers only one type of clearing structure. There is no commission applied to any transaction and spreads are set to a fixed value (the specific spread value will depend on the currency pair). Ava FX has roughly 2 - 5 pips of spread inserted for a given currency pair.
Micro Lot Trading - Ava FX supports micro lot trading on both the Ava Trader and Metatrader 4 platform.
Ava FX was reviewed by StockBrokers.com on 2012-11-29 with an overall rating of 4 Stars.
Account Features
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Virtual Trading |
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| No Minimum Deposit | |
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No Maintenance Fees |
| No Dealing Desk | |
| Online Trader Community | |
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Investment Education |
Mobile Trading
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iPhone App |
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BlackBerry App |
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Android App |
| Mobile Site |
Customer Service
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Phone Support |
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Email Support |
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Live Chat Support |
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24/7 Customer Support |
Trade Types
| Stock Trading | |
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| Options Trading | |
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FOREX Trading |
| Futures Trading |
Our staff is working to get platform screenshots soon! Thanks for your patience.
