Forex Trading Guide & Reviews
AvaFX has it’s own autotrading service, which is creatively named AvaFX Auto Trader. The AvaFX AutoTrader platform allows AvaFX forex broker clients to choose from a large list of trading signals providers, and have those signals traded automatically on their live forex trading account.
Pip spread: 3-7 – plus 1 pip commission for auto trades
Min Deposit: $1000 for auto trading
Max Leverage: 200:1
If you’re nervous about using it for real, you can take advantage of the free 30-day demo account, which lets you check out the platform and the performance of the signals.
Autotrading platform
If you’re looking for an autotrading platform, then AvaFX is a great place to start. The standard AvaFX online currency trading service is a good one, and you get a decent web-based trading platform, and strong signals from their autotrading service. The trial account allows you to trade with $100,000 of virtual currency, and you can trade on 23 different currency pairs. You can get some in-depth information about the performance of the signal providers they offer, filtering the signal providers by their max draw down, profit factor, the date they started trading, their average pip profit, their winning trade percentage, the amount of profit they’ve made, and the currency pairs they trade with.
You have a lot of freedom even using the autotrading functions. You can select the maximum number of trades that you want to have open on your trading account, your lot sizes (on a per signal provider basis), and stop losses (also on a per signal provider basis). You can pick up to ten different signal providers, and the platform will manage trades based upon their actions and your own personal settings. All of this is done on AvaFX’s server, so you don’t need to have your computer switched on and running the trading application. This lets you get on with other things while trading – you can even trade forex in your sleep!
The minimum investment to use AvaFX Auto Trader is $1000. This is a lot higher than the minimum deposit levels for their standard accounts. AvaFX charges a 1 pip commission on each completed (round trip) trade. This commission is in addition to the standard pip spread. Don’t let the fee put you off, though – the standard pip spread on AvaFX is quite competitive, and the 1 pip commission is worthwhile when you consider the quality of the signals offered by AvaFX Auto Trader. Think of it this way – would you rather trade online currency at a site with no fee but poor quality signals, and potentially face heavy losses, or pay a small fee in order to get higher quality signals? As they say, you get what you pay for.
Paying a small fee on each transaction at AvaFX gets you an easy to use and comprehensive trading platform with tools to help you select which traders are the best ones to use for your style of trading. The one thing that is lacking is an indication of whether the signal providers are making their trades with a demo account – something which is valuable information that other sites do provide.
Account information
AvaFX has a good Help and Support section, but there’s not much information about the Auto Trader in that section. You can, of course, get help via the Live Chat, which offers a fast response time, and helpful agents.
There’s always an element of risk with online currency trading, and AvaFX are quick to emphasize that currency can go up as well as down. They have some good features that can help people to avoid margin calls and stay positive, but their warnings about risky margin trades aren’t quite as pro-active as certain other auto trading platforms.
Still, AvaFX is a solid platform for those looking to get into online forex auto trading, and if you don’t like their signal providers, but do like their platform, then the good news is you’re not locked in to using them. AvaFX is supported by other signal providers, such as ZuluTrade – so your platform account isn’t wasted if you decide that you want to move to a different provider.
Zulu Trade
Signaltrader
FAP Turbo
The provider has done an incredible work by providing a one-stop shop for traders. Its trading platform is quite substantial and allows you numerous facilities and detailed charts.
You can look through the deft signals sent by other providers and then choose what suits you.
I have admittedly been somewhat disappointed by a few things Ava AutoTrader follows.
Its minimum deposit is way above par. Its customer support is too slow to rely on for day-trades and it leans too much on safe play, when some risks ought to be taken sometimes.
Also, it can be a bit stricter towards restriction of number of simultaneous trades.
However, one has to give credit to its infrastructure and the AVAFX Meta 4 platform it treads on.
It is a good provider for beginners.
Ava AutoTrader has certain scam dispositions like high leverages, high deposit and smooth bonus. However, the argument cancels out then and there owing to its stability, number of trades, profit percentages, worthy testimonials and super analysis. Meta 4 platform is a wonderful facility for those interested in stock or commodity trading. You can deal in 23 currency pairs and are given the option to play with $100000 at $1000 deposit. You can do automatic or manual trading as you like and rest assured on its precise predictions.
1 pip commission on every automatic trade is not what you sign for. This looks miniscule but adds up to an awful lot at the end.
Enjoy the privilege of a quality provider free on a 30-day demo account.
You are in a position to trade through 10 providers affixed to Ava AutoTrader, and find out the best through trial and error. You get to notice the specific trading patterns of these seasoned brokers. The 1-pip commission over 3-7 pip spread is genteel and you can always get connected to its Live Center. You know just when to get in or out of a transaction and its technical analysis is sharply done. Its brokers have been carefully gleaned and represent the best in business.
ava auto trader- Pips aren’t exactly low, though they lessen with an increase in investment. Leverage at 1: 100 is also quite slavering but dangerous. There are just 23 available pairs to deal in.
Those looking for lower drawdowns should stay away from Ava AutoTrader. However, if you wish for a risk-free environment of speculation and nearly accurate assessment of indicators; a necessity in Forex trades, this is the place to be. With a steady bankroll and investment, your 1 pip commission is warded off and you get better (lower) spreads. Its candlestick analysis, great reading of current scenario and super-efficient Live Center are all admirable. The Meta 4 platform to facilitate a move into other markets is quite sought-after.
You have to dish some money to avail the best food. Ava Auto Trader is that barbeque grill.
Starters can look forward to a $1200 bonus, facility of simultaneous trades and video tutorials. You can choose among a coterie of providers depending on your risk tolerance. Many players like hedging currency trading with commodity trading and its Meta 4 platform make it possible. You also get a direct peep into its brokers’ trade frequency and average profits. They pick up intelligent periods for moving averages and are rather good with sentimental analysis. You can pick up a healthy lot based on predictions and reap dividends.
Picking Ava AutoTrader is just the starting point. You have to be meticulous in choosing among its signal providers and trading brokers. The commission is modest and there are no hidden costs. You might however rue the slowness of its customer support if you require quick advice for day-trading. Yes, you have to dish $1000 for registering, but you get good value through Meta 4 Trading platform, range of analyses, perfect predictions, support-restraint inputs and risk adjustment rate. You cannot ask for more from a provider.
Ava AutoTrader is definitely as efficient as Zulu Trader as a signal provider and doesn’t allow reverse trades. However, it is more prominent in respect to its max drawdowns, frequency of profitable trades, average profits and perfection of calculations. It is generally precise on stopping points and readily shares its info with traders. For valued customers, there is no issue of pip commissions and they get significant pip spreads on particular pairs (e.g. Dollar/Euro). A good venture for busy fellows!
Ava AutoTrader will do better to restrict margin calls for a total feeling of risk aversion. However, optimistic traders might then rue that situation. You can indulge into mindful hedging ensured by the number of trades you can get into at a time. You can also switch between providers and even markets thanks to Meta 4 platform. Its drawdown levels might be repugnant to certain speculators. Its most impressive feature is its razor-edged predictions based on diligent analysis.
When you put together the solid platform, good bunch of providers available, inviting leverage and neat frequency of trades, you get a good picture of Ava AutoTrader. Although it is slightly slow in responding to queries and that might be fatal at times, its other bases are promptly loaded. You get a good idea on how to play with leverages and when to be a bit more adventurous in buying or selling lots. A careful reading of its fundamental and technical analysis is quite informative.
The trading platform at some cost showers you with a flurry of signal providers you may compare at leisure and with discretion. It is your money and mirror-trading will require the presence of a compatible broker.
Ava Auto Trader offers you the pad to start your speculation wisely, the disclaimer notwithstanding.
Filter your broker and what if the broker goes down just at the post.
$1000 is ransom demand for Forex trading. While the big traders will find the provider quite handsome, there are many who will rue the attachment. Moreover, there is the burden of per trade commission that adds on your tension.
Ava auto Trader has connection with some big names and is even affixed to Zulu trader. Thus there is no question of feeling at bay when doing business with them.
I asked for some profits and got more than that from Ava Auto Trader.