AVAFX Review - Is This A Good Platform For Trading?

Avafx is registered broker having its head office in Dublin. It is regulated by Central Bank of Ireland. Not only that it is a regulated broker in Ireland but avafx is also regulated in Australia and Japan. Although it is not one of the oldest forex brokers around since it started its operation in 2006 but it is ranked among the top best forex brokers. In a short span of time, avafx has proved itself to be capable of meeting the demands and expectations of its traders and investors. And this is the reason that today, it has more than 150,000 active customers around the globe.

Avafx: Features at a glance

• Demo account for new traders who want to see how things actually work at avafx. Avafx demo account is of great help for all those who want to become a part of it.
• Minimum deposit requirement of $100 is very helpful for those who want to join avafx but have limited budget.
• New traders have the chance to earn a bonus ranging from $75 to $1200.
• The real strength of avafx is its six different trading platforms including MT4, mobile trader, web platform and others.
• These guys offer a wide range of different payment options which only a limited number of brokers offer.
• Traders have the option to trade in 49 different currencies.
• Avafx does not charge any commission or fee to its traders. This is one of the greatest benefits this broker has.

Avafx: Specialties

Trading Platforms

Avafx's six different trading platforms are giving a lot of diversity to its traders. From a trader's point of view, six different trading platforms mean he will never miss any opportunity. Should one platform is not working, he can use another one. Traders always love trading platforms since all their trades are carried via their platforms.

Avafx offers MT4 to its traders. We all know how important MT4 is for traders. And this makes avafx even more famous among traders. Besides, they also offer a web trader so that traders can access their account from anywhere with ease. Avafx also offers a mobile trader. Now here is the best part, they offer two different kinds of auto-traders. These auto-trading platforms have the ability to trade automatically without any supervision. Mirror trader is their platform that will copy any move and it will also learn from trades. It has the ability to keep on trading under specific conditions. API trading platform is the other auto-trader that provides numerous services and features to the traders including forex charts, stop loss orders, limit orders and many others.

Trading is very easy with avafx. Useful trading platforms are indeed the specialty of avafx.

Commission-Free Trading

Another good thing about avafx is that it does not charge any commission on trades. Traders are free to trade as much as they can and they take all their profit with them. No commission whatsoever. Additionally, it does not charge any fee of any kind. When compared to other forex brokers, avafx is much better than many others since most of the leading forex brokers do charge commission per trade. For those who are looking for a commission-free broker, they must join avafx.

Multiple Payment Options

Most of the forex brokers only accept payments via wire transfer or direct bank transfer. But avafx is great when it comes to payment. You can fund your forex account via several different methods. Some of the payment methods that avafx accept are: wire transfer, Moneybookers, Paypal, Western union, credit card and others. This again makes avafx a widely accepted and much appreciated forex broker since there are only a few brokers that will allow you to fund your account with Paypal or Moneybookers.

Low Minimum Deposit Requirement With Low Leverage

Avafx has four different paid forex accounts. The minimum deposit requirement is $100. This is an acceptable deposit limit and even those with limited budget can trade now. Unlike other forex brokers that offer minimum deposit requirement of $100 or even $50 but they give high leverage up to 400:1 to their traders, avafx does not do it. Instead, at avafx, traders are offered a maximum leverage of 200:1 which is best for traders with low capitals. Low capital coupled with high leverage is very risky and must be avoided at all cost. Avafx will not give you something that is not suitable for you.

Avafx Drawbacks

• It has been noted that customer support at avafx is slow. And most of the queries remain unanswered for a few days. Although this does not happen all the times but traders do have issues with their customer support. And it needs improvement.
  
  
• A lot of traders are of the view that withdrawals at avafx take a lot of time. It has been reported that withdrawals take up to one week.

Avafx Conclusion

Avafx is a good forex broker that is better than many others. It has a lot to offer to its clients including six trading platforms and commission-free trading. But at the same time, customer support and withdrawal are the two aspects that still need lots of work. However, these issues can be compensated with other services that avafx offers.