not an honest broker
I traded with Avafx for a while and then left for Dukascopy. I had very unpleasant situation with them. One day the price tick for EUR/JPY was lagging for 10 pips in compare with real price. I've contacted customer support and got a reply they were aware of the problem and they were trying to solve this technical problem. Funny that these kind of "technical" problems tend to happen after news releases or when there is breakout or strong moves, and only with the pair I was trading. Also chart data got missing during volatile moves with the message server errors try to contact technical department. Couple of these situations and I was ready to leave. So I agree with some of the posters below that because they are not ECN broker it's hard to know when manipulation by dealing desk has occurred or it is indeed technical problem. Moreover, Ava's spreads are fixed and high in my opinion. For example, USD/CAD is 5 pips - 3-4 pips higher than ECN broker like Dukascopy. The charting capabilities are limited for forex, for example no volumes indicators etc
The only good things about Avafx I must point - account opening is very easy, deposits through credit card are instant, withdrawal is also quick, customer support is there and polite when you need them. Poping-up news alerts are very helpful too. But these were not enough for me - I've completely lost trust in Ava's honesty and integrity.
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09-05-2009, 05:32 AM
Hybrid Mode
