AVA FX Reviews

http://registers.financialregulator....ookieSupport=1

AVA FX is the trading name for Ava Capital Markets Limited .

Thanks for that tar.... the AVA employee got back to me this evening with the following:
' We roll over contracts due to the current contract nearing its expiry date, the instruments on our platform are linked to futures contracts and their prices except for Currencies, Gold, Silver & Stocks. We had 17 contracts near their expiry last week and rolled over the weekend. The process in rolling over involves changing the contract we're trading and adjusting accounts with open positions in those contracts so that clients do not lose or gain from these changes in contracts and price.



For the FTSE100 positions referred to below the breakdown of how you are seeing a loss is as follows.



You sold 10 lots at 5763, the current price is 5738.50 meaning that without accounting for overnight premiums and the contract rollover you would be seeing a profit of 24.5 pounds per lot, total of 245 pounds or the equivalent US$ amount.

However there was a rollover on this contract during the weekend, the old contract finished on Friday with a tradable price of 5764.5 (a loss for the client), we rolled over to the next contract which finished Friday with a tradable price of 5741.5. This change in price is NOT a market move, it is simply the difference in price from the old contract to the new contract. To account for this and to ensure clients do not GAIN or LOSE from this change in price we either charge or pay premiums to the accounts effected.

The new contract price was lower than the current contract meaning that Sell positions would gain from the rollover, Buy positions would lose.

The difference was 23 without the spread. So Sell positions where charged 25 and the Buy positions received 21 pound.

The client was short 10 * -25 = -250 pounds or -$405.80
So your position below on the 10 FTSE is showing a loss because of the premiums charged on the position due to the rollover.
Your position shows a loss of 7.38:
Price difference per lot = 24.50
Total difference (10 lots) = GBP 245 or $398.42 (using an exchange rate of 1.6262)
$398.42 - 405.80 (adjustment due to rollover) = -$7.38
Please let me know if this explains the lose showing on this position. The same applies to the DJ.'

I advised the AVA employee that I had never been made aware of this charging method. Nor had anyone advised me that there was a difference between charges on long positions and short positions. Needless to say I'm not a happy camper and ended my response by asking who regulates this type of charging?

Hopefully I will get an answer tomorrow.

http://www.avafx.com/CFD-Rollover-Dates/

Since I made the move from MT4 to Ninja Trader I haven't traded much on my AVAFX account but now I have just downloaded the AVAFX MTS app for android which is kind of cool. There are probably some more sophisticated mobile platforms out there but this is really all I need.

They have been long in this market.
One day I asked them about their regulation and got a reply that there is laaaaarge corporation behind them. I had a huuuge laugh at that time.
But when I was a partner of etoro and wanted to place their banners on my website, I noticed a strange thing. When I went to etoro partners area, there were several banners of AVAFX!!!!!


So, ETORO was the so-called large corporation.
They have close relationships.

Hello everybody!

I faced seriuos problem with Ava Fx.

Whoever has been victim of Ava Fx with winning trades deleted, adjustments, refused withdrawal fund or accused of arbitrage price manipulation send me an e-mail to theforexfraud at gmail.com

I signed up with AvaFX near the end of Dec 2011. Deposited and money was received by them on the 28th Dec '11.

Firstly let me just say a few things, I signed up with them because I thought they were a European, or at least regulated by the Ireland authorities and thought hrmm...shouldnt be that bad.

Before signing up for a live account I tried their demo...was ok with it..and called their "live chat" support to ask a few questions. Once they knew I was interested in opening up a live account, the next day after that I got a long distance phone call (I'm from Singapore) giving me advice..asking me when I was going to deposit my money etc...I thbought then...wow...these guys are helpful...even going all the way to call me on the phone. I figured if they were like this...it must be how their service is like....

So after depositing USD5k, I was supposed to get a free Ipad2. No more calls from them.

Here's how I look at it:

SERVICE:
CAN I OPEN MULTIPLE ACCOUNTS WITH AVA?
Yes, you are able to link several accounts to your trading account, and thus manage more than one account from your main account.
- now I took that as I'm able to open several account s and thus being able to open several different trading accounts and be able to transfer my money to and fro each of my different accounts. WRONG
- I have several accounts with them...only to find out later that each time I want to transfer money to and from these accounts I have to email them requesting the transfer which then wold take within 24hrs to do it. Personally, I prefer to be able to do this on my own and not wait till when they are free to attend to my needs...which...could be too late by then.

After depositing an ccount with them I received an email from one their account analyst:

Dear XXXX,
It was a pleasure to talk with you today. As per our telephone conversation, from this point on I will be your personal account analyst.
I look forward to corresponding with you in the future and I will be happy to assist you in any way I can to help you produce profitable results.
Should you have any concerns or queries, please contact me any time on the details below or simply follow this link to chat with me in real time: LivePerson

XXXX
Senior Account Analyst

Ava FX - Integrity is our most valuable currency

- lol...once more after that I communicated with him thru email about needing different account setups etc....thru which his replies were to direct me to the email addresses of various AVAFX sections...instead of doing them for me.
- not only that....that was also the last time I heard from so called my personal account analyst...he never bothered to check up on me...send me emails on news...or whatever....nothing...

Live Chat
- not interested in doing more than just giving info
- once...I threatened to withdraw my money and cancel my account, I was transferred to another person who was then able to transfer my money to another account....right there and then!
- yet later...when I tried to contact them, the live chat person shoved me another email address to request for a funds transfer between my account and told me that was the only way....and...within 24hrs

I was supposed to get an Ipad2. According to them, it was sent on the 4th Jan2012...yet this is 16th Jan and not even a shadow of an Ipad case do I see. I asked them for the tracking number and they told me...their delivery havent given the tracking number to them yet! Now...I've dont overseas buying and deliveries many times before and I've never heard of no tracking number....after 2 weeks????

MT4 Operations with AVAFX
- extremely frequent invalids and requotes during busy times and mid busy times
- frequent freezes at times with no connection

Conclusion:
I made a HUGE terrible mistake by signing up with them. I feel that I've been made prisoner with my money stuck with them and if I take the money out they will deduct for the Ipad bonus which I have yet to receive. Extremelyh unhappy with their customer service.

I wish there was a way I can take all my money out without having to pay for the stupid Ipad bonus.

So anyone wishing to sign up with AVAFX....this are my experiences and opinion of them. You can take my review in a good or bad way....don't matter...I just needed to tell people how I feel and my personal opinions on them.

AVAFX is a good broker and listed in top forex broker list. I have good experience with them.

i have traded with them for a good while,it was small accounts,and never encountered any big troubles,but they do look fishy and had been involved in few bits where they would give advises to clients on trade directions,which is illegal,also they are mostly after the big clients with all the bonuses and amount of instruments they offer,also open offices in Dublin and Germany now,they try to make the impression that they are serious,but anyone who doesnt offer ecn and are based in virgin islands should raise an alarm,and wouldnt trust big money with them.

Because I thought they were a good broker that's why I signed up with them. I realize now I am sooooo WRONG!!!

Until today I have problems with them...and not even regarding trading yet...just simple account and admin matters.

Truth be told, I have another account with what you would call an untrustable bucket shop russian broker...InstaForex. And you know what...I get much better service with these russians.....have never had any problems...and any questions I have are replied to fast and promptly.

I am on demo but requote like crazy, imagin real account

I have no account at AvaFX. Are there any other brokers that offer PayPal desposits and provides a debit MasterCard?

It's always interesting to read about others experiences with brokers. I have accounts with a few and trade different strategies at each.

My AvaFX account is used for an intra day strategy that trades at the London Open which is quite a busy time and I must admit to not having too many re-quote problems or certainly no more than you see from many other brokers.

The strategy is not particularly spread sensitive however and I would agree that you can get better spreads elsewhere.

I've traded with them for around three years now and can't say I have had any problems. I'm trading their MT4 platform btw.

Having said that if you do get a problem with a broker it is a real pain... but even some of the best names aren't exempt from this!

I noticed ava Fx also offer a mirror trade service, anyone tried this? ive read a decent review about this but of course this had an affiliate link attached to it so have to take that with a pinch of salt. sounds too good to be true in my opinion

here is the mirror link on ava - http://www.avafx.com/Mirror-trader/

How long have you been with them? Don't you find their spreads a bit high?

Hi everyone

I was trading with Avafx for 2 yrs & apart from higher spread everything was fine. Then came the desaster with 1 wipe off due to my mistake but 2 time because they closed my hedge positions. They are not replying me any explaination about those position closing.

I am trying to get a reply from them as i didnt get any margin call mail & with hedge position how come they can close everything.

Mr Ebrahim if you are reading this please revert back with something in your mail.

I am agree because I believe that you defiantly had some bad experience. But my question is that how many trades you opened with AVa and out these how many given you profit.
I am the learner and using the aVa practice account which is going smooth. My concern will not me bonus I need to ask are the traders were Ok or not

now you know the real face of this broker

one had to read reviews before..........

hi

its licensed trust forex broker?

recently ava gave a bonus,so i worked it up,gonna see if they pay out