September 2013: AvaTrade has not been able to provide the FPA with information about how the company can tell what is a normal off-market fill vs. what is arbitrage.
Until this issue is resolved, the FPA recommends against using Forex News Gun software or any other news trading software with AvaTrade.com.
Related websites include PowerOption.com
Ava Trade, formerly known as AvaFx, is an online forex broker. Ava offers the MetaTrader4, Ava Trader, AVA Options, Mac Trading, and MT Mobile top online forex trading platforms. Avatrade.com offers over 60 currency pairs, gold, silver, oil, stock indexes, Bitcoin, agriculturals, stocks, and treasuries for your personal investment and trading options.
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AvaTrade.com (AvaFx.com) profile provided by Desmond McNulty, Apr 22, 2013
Ava was launched in 2006 offering online Forex trading. Since then it has expanded into offering CFD trading on commodities, stocks, indices & bonds. It is one of the world’s most popular brokers, with more than 200,000 registered customers and an annual turnover of more than $400 billion in 2012. New features for the launch of AvaTrade include:
New & improved website utilizing the latest technology
ETFs (Exchange-Traded Funds) added to Ava’s selection of 200+ instruments
Mac-compatible Ava MetaTrader 4 available for first time
MetaTrader 4 accessible as fully-featured web trader and smartphone app
New training videos and free online trading course
First CFD broker to introduce segregated client custodial accounts
Your company video here? Contact ad sales
Verification and support staff needs to get it together
Recently I tried to open a new account with this broker in my name (since first account was in another person's name). Ava trade has messed up on verifying my documents over 6 times now and has led me to believe I have been verified when actually I have not. I have been waiting for weeks for my account to be verified and have received multiple emails and talked to support staff that all say the documents have been approved then five minutes later will proceed to say, "sorry there has been a mistake you have not been approved, you should be approved by tomorrow". Then I will hear this same story the next day when I contact them again. I have had to send the same documents over and over. The amount of mistakes this broker has made is appalling and their petty apologies are meaningless. They have caused me to miss out on important trading opportunities and I would not want this kind of experience to happen to anyone else. The customer support offers little help and this broker really needs to get it together. They will take your money no questions asked then make you jump through all these hoops just trade with or withdrawal your funds. Do yourself a favor and stay away from this broker.
Avoid like the Plague !
In November 2015 I opened 2 x Forex broker accounts to run well known robots on
1 x account with Avatrade the other with XM.com
I started up robots on both accounts at the same time one evening (both funded with £200)
Next morning Avatrade account was emptied and XM .com account had healthy £6 profit !
I am still with Xm with that same robot, and most days it shows a nice little profit (some days robot does not trade at all)
Draw your own conclusions but Scam broker comes to my mind when i see Avatrade adverts !
Avatrade closed my trading account and informed me I would not be verified because I reside in Quebec: I was then denied of the profit I made but was told on the contrary that if I had made losses, my balance-losses would be paid to me........If Avatrade does not actually want to fraud traders, it should have denied them right at the point of registration once quebec is entered into the online registration form.
2016-03-01 1Star Avatrade closed my trade while I was making some profits, they refunded my deposit but no profit. I will not recommend at all
AVATRADE IS A SCAM, help your hard earned money by avoiding avatrade
AvaTrade Australia is offering the CFD for ASX200 index but you can't trade it until 11 am. Considering that the cash opens at 10am, all you can do is to watch for one hour how the price go up or down and you can't take any action.
Even worse example : ASX market was opened on 25 Jan but AVA had no quotes for ASX200 index?
Explanation given on the phone: everyone in the office took a day off on 25 as 26 was Australia Day public holiday ??? WHAT?? Really? So I was locked in my position till 27 Jan waiting for AVA brokers to come back from their long weekend.....
Tried to find any information on their website - it was a note that trading ASX index is closed on 26 Jan till 6 (am or pm??? anyone's guess).
I requested 60K usd withdrawal recently from Avatrade, and i got first 40K usd the second day. and got remain 20K usd one week later. They do have issues with their skrill account, but anyway, they are not scams.
AVATRADE - Trade with NO Confidence!!! It's a broker that cheats! When their dealing desk can't handle the way clients trade, and client making money, they deem clients' trades "Arbitrage"!!! Deemed "illegal" to them, and they would take away your profits! If you lost though, they don't give a hoot!!!! When pressed to give their definition of what constitute "arbitrage trading", they couldn't say a damned thing! NEVER EVER TRADE WITH AVATRADE!!!
Hi everyone, I am struggling with Avafx since longtime but my money is stuck in the platform hence with them.
Poor customer support
No technical analysis or guidance provided
Delays in deposit transfer to account which creates panic and you have to hedge at higher levels.
Although they promise you trade recommendations, they leave you to trade on your own and incur losses.
Please save your hard=earned money and dont trade with avafx.
Good broker with proper online customer service. No problems withdrawing money either, it just took a while about 1 week to wait but it is mentioned by them.
Extremely poor customer service.. They just want you to deposit but try getting your money back if you can..
They changed/doubled the margin requirement over one weekend just like this which caused a margin call.. They are not allowed to do that..
AVOID these scammers
I would NOT recommend Ava to anyone. I've used them for 4 years. My account was flat with no money and I made a deposit, and proceeded to make a few trades. When it comes time to cash out they said I owe them $275 dollars from 4 years ago.
Don't be tricked by their 'bonus', as it's NOT a bonus. It's just borrowed money.