The start of any AvaFX review should acknowledge the professional image that this broker presents. From the website through to the products offered Avafx shows an unusual commitment to providing its clients with quality. Although a reasonably newer Forex broker Avafx is quickly establishing itself as a leading broker for both newcomers and experienced traders alike.
For many Forex traders a vital requirement from Forex brokers is that they are financially regulated. AvaFX is a regulated Forex broker with its regulation coming from it’s membership of CySEC. This is important when selecting a Forex broker for two reasons. Primarily it offers protection to client funds held by the broker. Regulation ensures client deposits must be banked into a separate client account offering the client protection if the broker suffers financial difficulty. Secondly regulated Forex brokers are obliged to offer an agreed level of service to their clients as set out by the regulator.
The service level provided by the Forex broker is also a major consideration|The level of service provided by the Forex broker is also a major consideration. The support provided by Forex brokers is one of the most distinguishing features between the good and the not so good brokers. AvaFX offers 24/7 support to its traders during trading hours and provides this by email, telephone and live chat on their website. Additionaly a range of trading resources are provided to help the traders learning. These are provided in the form of free ebooks, daily market updates and online courses and webinars.
The ability to try out the broker is provided in the form of a free demo account. You can open the free demo account in just a matter of minutes. The demo account is provided with a virtual balance of capital allowing you to test run the platform in the live markets. Then when you are ready to open a live account you simply select from the account options available. A live account can be opened and funded from as little as $100 via one of the multiple funding options provided
The brokers dealing platform is another important consideration when selecting a broker. This is your interface to the Forex markets so you will need a stable and quality platform. AvaFX offers both their own proprietary platform and also the highly popular Metatrader 4 platform. This is a sensible decision as Metatrader 4 is one of the worlds most highly regarded trading platforms.
While any AvaFX review may start by pointing out that the company is relatively new, this should not be seen as a negative. Not only has AvaFX assembled together some of the best trading products available it has also developed an enviable support service to back this up. Make sure you read a full AvaFX review before choosing your next Forex broker.