AvaFX is one of the top Forex brokers in the world, serving over 150,000 registered clients from over 150 countries wordwide. Founded in 2006, they built their broking business on high standards of customer service and have received numerous awards to recognize their exceptional focus on customer satisfaction. They currently operate offices in all the major financial centers including New York, Tokyo, Dublin, Paris and others. They are fully regulated by the Financial Regulator in Ireland and meet the stringent standards of the European Union.
Range of Markets Offered By AvaFX
AvaFX not only offers a wide range of currencies for you to trade, you will be able to trade in metals, energies, indices and stocks as well. In terms of currencies, you get to choose from the EUR/USD, USD/JPY, AUD/USD and GBP/USD among many others. There’s also crude oil, gold and silver, the S&P 500 and NASDAQ as well as the major US stocks such as Google, Yahoo, McDonalds and more.
Spreads and Margins Offered for Different Accounts
With AvaFX, you’re allowed up to 400:1 leverage on your currency positions, which is good if you want to minimize the amount of capital you have tied up in margin on any given position. Just be sure that you don’t overleverage yourself and subject yourself to margin calls on your account.
AvaFX offers highly competitive spreads on their currency pairs, with a spread of just 3 pips for the EUR/USD, a spread of just 3 pips for the USD/JPY, a spread of just 4 pips for the GBP/USD and a spread of just 4 pips for the AUD/USD. Remember, the more money that you save on the spread, the more profit you’re banking back into your account!
Special Offers or Bonuses for New Traders
AvaFX are currently offering a special offer of an iPad 2 for qualified new traders making their first deposit. All you need to do is deposit more than $5,000 to open your account with them, and you’ll get an iPad 2 as a bonus. If you deposit less than $5,000, you won’t qualify for this bonus, but you’ll still get a cash bonus. Here’s the full bonus schedule:
If you deposit between $300 to $999, you’ll receive a $100 bonus. If you deposit between $1,000 to $4,999, you’ll receive a $250 bonus. If you deposit between $5,000 to $9,999, you’ll receive an iPad 2 or $600 if you prefer. If you deposit between $10,000 to $19,999, you’ll receive an iPad 2 plus an additional $500. And if you deposit more than $20,000, you’ll receive an iPad 2 plus an additional $1,000.
Of course, you will have to fulfill a minimum trading volume to qualify for this bonus as part of the terms of this offer. If you don’t meet the minimum requirements of the bonus, the value of the iPad 2 will be deducted from your withdrawal amount to cover the cost of the device.
AvaFX has a powerful downloadable trading platform called AvaTrader, and they also provide full support for the ever popular Metatrader 4 platform. You can also trade on the go with their AvaJava platform that allows you to access it both on the web and using your mobile device. On the AvaJava platform, you have full order placement and management functionality, as well as the ability to view basic charts and read up on the latest market news.
Trading Tools & Education Resources
AvaFX has a wide range of Forex education resources, including a comprehensive Forex Education Center guiding you through how to trade Forex, how to use technical analysis to make your trading decisions plus discussion of some basic trading strategies as well. You will also be able to tap in to their many Forex video tutorials, webinars and market review reports to enhance your trading edge. They fully support all types of orders as well, including stops, limits and OCOs so you’ll be fully equipped to manage your trades like a professional.
Minimum Deposit Requirements
To open a Silver Account with AvaFx, all you need is a minimum deposit of $100 and you can trade micro lots all the way up to standard contracts if you have sufficient margin to cover it. If your deposit is in excess of $1,000 you will qualify for a Gold Account and if it is in excess of $10,000 then you will qualify for a Platinum Account.
All in all, I have no qualms giving AvaFX my highest recommendation so if you like what they have to offer, why not give them a try?
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