Any AvaFX review cannot start without reference to the professional image this broker portrays. 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 most Forex traders, using Forex brokers that are financially regulated is one of their most important criteria. AvaFX comes under the regulation of CySEC. There are two key reasons whey this is important when deciding on a Forex broker. The primary importance is the safeguard it provides to clients deposited Forex trading funds. Regulation ensures client deposits must be banked into a separate client account offering the client protection if the broker suffers financial difficulty. Secondly it maintains a minimum level of service is provided to clients as set out in the regulators guidelines.
Of course the level of service provided by the broker is also important. This can be the most noticeable differentiator between brokers. AvaFX provides dedicated support via online chat, email and telephone. In addition a range of resources aimed at educating traders is provided. These include daily market updates, free trading ebooks and online tradng courses.
As is typical of the best Forex brokers these days, AvaFX provides the opportunity to open a demo account to try out their services. A demo account can be easily opened in just a few minutes. The account is provided with a virtual balance allowing you to evaluate both the platform and the broker. Then when you are ready to open a live account you simply select from the account options available. You can fund a new account with as little as $100 and fund this from the range of deposit options available
Often the dealing platform offered is an important factor for Forex traders|The trading platform offered is also an important choice for traders. This is the platform where you will execute trades in the market so it is vital that a good dealing platform is provided. AvaFX offers both their own proprietary platform and also the highly popular Metatrader 4 platform. This offers a great choice for traders, especially those looking to take advantage of Metatraders ‘Expert Advisor’ facility.
AvaFX ticks all the right boxes both in terms of the products and service it provides. 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.