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Compare Forex Brokers AvaTrade And AFB FX


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Subjective Ratings

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AvaTrade

AFB FX

Charting: Four star Charting Rating Four and Half star Charting Rating
Execution: Five star Execution Rating Four star Execution Rating
Transaction costs (spreads): Three and Half star Transaction Costs (spreads) Rating Five star Transaction Costs (spreads) Rating
User-friendliness: Four star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Four and Half star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Four star Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Three and Half star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Four star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four and Half star Average Rating

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Business Details

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AvaTrade

AFB FX

 
Registered Business Name: AvaTrade AFB FX Limited
Broker Headquarters: Tel Aviv, Israel Cyprus
Also has offices in: British Virgin Islands as well as Ireland (it is a question whether these are real offices or not). none
Regulated By: Central Bank of Ireland CySEC
In business since year: 2006 2010
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: Client funds segregated in accounts at Commerzbank, NatWest, Allied Bank, Net Bank Yes, client funds are kept separate from company operating capital
Collect Taxes on Earnings: No No
Prohibit clients from: No No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
WebMoney $0 $0
Wire Transfer $0 $0 (min $500)
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
Perfect Money $0 $0
WebMoney $0 $0
Wire Transfer $0 $0
Main liquidity providers: Unknown There are 6 liquidity providers, but names are unknown

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Trading Details

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AvaTrade

AFB FX

 
Browser platform: AvaJava AFB FX WebTrader
Downloadable platform: AvaFX Metatrader 4 (MT4),AvaTrader (ActTrader) AFB FX Metatrader 4 (MT4)
Mobile platform: AvaJava (for Android),AvaJava (for Blackberry),AvaJava (for iPad),AvaJava for iPhone Android,Blackberry,i-Mode,iPhone,Symbian (Nokia),Windows Mobile
Phone dealing: Yes Yes
Order processing: Market Maker ECN,STP No Dealing Desk
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Platinum 400:1* on MT4, 200:1* on ActTr $10,000/unlimited 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Silver 400:1* on MT4, 200:1* on ActTr $100/$999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Gold 400:1* on MT4, 200:1* on ActTr $1,000/$9,999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Professional Account 100:1* High Deposit 100,000/5,000,000 units Microlot trading available on request
Advanced Account 100:1* $50,000/unlimited 100,000/5,000,000 units Microlot trading available on request
Standard Account 200:1* $5,000/unlimited 10,000/5,000,000 units Microlot trading available on request
Micro Account 500:1* $50/unlimited 1,000/5,000,000 units
Mini Account 400:1* $1,000/unlimited 1,000/5,000,000 units
Swap-free accounts   Yes - no extra charges and available to everyone, not just Islamic traders   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 43    46   
No Dealing Desk Execution: No There is no dealing desk intervention
Typical spread on EUR/USD: 3 pips (0.0003) 0.6 pips (Professional) to 2 pips (Micro)
Fixed spreads: Yes No
Guaranteed stop losses? No - orders executed at best available price Yes, limit and stop orders are guaranteed against slippage, except under market conditions
Trailing Stops: Server-side Client-side
OCO orders available: Yes No
If/then orders available: No No
Hedging capability: Yes Yes, traders can simultaneously hold both long and short positions in the same currency pair.
Automated Trading: On MT4 and ActTrader Yes
Trading Hours: The platform is closed from Friday 9 pm GMT until Sunday 9 pm GMT 22:00 GMT on Sunday to 22:00 GMT on Friday
Timezone GMT GMT +2 (no Sunday bar)
Scalping allowed: Fast trading is OK. Arbitrage is not. Scalping is not allowed
Account currencies available: EUR, USD EUR, USD
Platform languages: Arabic, Chinese, Dutch, English, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Portuguese, Russian, Slovak, Spanish, Turkish Many
Support languages: Arabic, Chinese, Croatian, Dutch, English, Finnish, French, German, Greek, Hebrew, Hindi, Indonesian, Italian, Japanese, Malay, Norwegian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Slovak, Spanish, Swedish, Turkish, Urdu Arabic, English
Demo account: 21 days  
Live chat support: Yes - very helpful staff  
Interest on Margin: No No
Promotions & tournaments: 25% bonus on your first deposit. AvaFX debit card available for easy withdrawals.  

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