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AVA FX Review

Ava FX is a leading online forex broker with professional trading facilities.

Ava FX is a leading retail forex broker measured on security, facilities, financial backing and general code of conduct. Founded as a project by former industry people, many of whom from the marketing side, Ava FX has always been focused on providing a good customer experience. The background in marketing is evident in Ava FX, which is very customer friendly broker, with great customer service and an easy to use interface.

Ava FX is backed financially by a large European financial group with a top Standard and Poors rating. This is a good indicator for the financial health and success of the broker and means that Ava FX will continue to meet liquidity regulations. In preparation for this review I checked up on their finances and corporate structure and as far as I could tell, everything seems to run very well, even during the last years financial turmoil.

How about the forex trading platform and the terms of the broker?

I let my one of my good trader friends test Ava FX for two months. My friend is a former trader with a large and well known American online broker (as in industry leader) and now trades forex full time. His experience with Ava FX was, in his own words, very good, without any problems at all. There was no disconnect during trading, no slippage on news trading and no stop-loss hunting. All things that haunt many retail brokers and threaten profits of smaller individual traders.

Let’s look at some of the features of Ava Fx:

  • More than 20 currency pairs available as well as different commodities such as oil and gold
  • Forex signals directly to your mobile phone
  • No commission or fees, spread based.
  • Free fully functional demo trading account
  • Fixed spreads (No spread widening or stop loss hunting)
  • 24 Hour live support
  • Daily recommendations and analysis
  • Accepts all major credit cards and banking systems (Paypal etc.)
  • Mini accounts available from $100
  • Ava FX is a serious and trustworthy broker that is recommended for both beginning and advanced traders. I have had nothing but good experiences during my time trading with them. I particularly liked the option to trade many different currency pairs and that orders were filled fast and without slippage.

ForexWebTrader Review

ForexWebTrader offers a multiple award winning trading platform. This web-based platform allows customers to start trading immediately and because there is no download, the trader can go online from any computer using their secure login name and password. The flexibility that this offers is vital when trading as you can close open positions and capitalize on breaking market news wherever you are. A must have if you are a news trader.

Many Forex brokerages will offer amazing spreads and margin rates to bring you into their company, however when you start trading you realize that there are fees that you need to pay. ForexWebTrader has no hidden fees or costs. What you see is truly what you get, there is no slippage during hectic trading hours and no stop loss hunting.

Simply put – you get a great platform and great, competitive rates. With ForexWebtrader, there is no Flash – there is no hype – there is simply a great way to trade and make money. ForexWebTrader does not advertise as heavily as other brokers, but they are an honest and reliable broker with a good trading platform.

ForexWebTrader boasts an award winning trading platforms in the Forex industry, a wide variety of deposit methods and an always live customer service department. Some of the things that separate ForexWebTrader from the rest are:

• Instant SMS updates on breaking news
• Trade on the road with your phone
• Low spreads on most currency pairs

How to rate this broker?

Customer service: FWT’s customer service is terrific, they are there during trading hours and have are very helpful and knowledgeable. The online chat is a great service for quick answers to problems.

Integrity:  FWT delivers what they promise. An award winning platform with excellent features. IF you know what you are looking for; if you understand the Forex and how it works, ForexWebTrader is the right place for you. No pushy sales people, just one of the best places to make your trades.

Trading Execution: Trades are executed on the spot. With many platforms, by the time the system processes the order the currency has moved enough to affect the price and quantity. ForexWebTrader is fast and accurate. This is why it is rated the best.

Platform Features: Chart trading, graphs, news

***** Visit ForexWebTrader *****

Spreads:

Currency Crosses Target Spread (PIPs) Currency Crosses Target Spread (PIPs) Currency Crosses Target Spread (PIPs)
AUDCAD 15 EURGBP 3 NOKJPY 10
AUDCHF 10 EURJPY 4 NOKSEK 8
AUDEUR 7 EURNOK 45 NZDAUD 12
AUDGBP 5 EURNZD 20 NZDCAD 15
AUDJPY 8 EURSEK 50 NZDCHF 10
AUDNZD 15 EURUSD 2 NZDEUR 9
AUDUSD 4 GBPAUD 15 NZDGBP 5
CADCHF 8 GBPCAD 10 NZDJPY 8
CADJPY 6 GBPCHF 7 NZDSEK 90
CHFAUD 10 GBPDKK 75 NZDUSD 5
CHFDKK 30 GBPEUR 9 SEKDKK 7
CHFJPY 6 GBPJPY 9 SEKJPY 10
CHFNOK 50 GBPNOK 100 SEKNOK 8
CHFSEK 50 GBPNZD 35 USDCAD 5
DKKJPY 10 GBPSEK 100 USDCHF 3
EURAUD 14 GBPUSD 4 USDDKK 35
EURCAD 12 JPYDKK 5 USDJPY 3
EURCHF 3 JPYNOK 5 USDNOK 50
EURDKK 5 NOKDKK 7 USDSEK 50

Forex Robot World Cup – Who Are They?

Who is Forex Robot World Cup? and What Do They Do?

One of the first headlines on their site says “A Life Time Opportunity For Individual FX Traders To Own The Best Forex Robots In The World”

This is a pretty bold statement. They backup this statement with some stringent guidelines and full transparency. Read some more to learn what they have to offer.

The Forex Robot World Cup (FRWC) competition was established by a group of Forex traders and system developers with an important mission:

“Creating the first truly professional, automated Forex trading competition that would yield the world’s best functioning Expert Advisor (EA) driven by realistic parameters in live market conditions, and allowing Forex traders all over the world to use these Forex robots in their personal trading.”

The FRWC organization aims to eliminate the flaws which affected previous Forex robot championships in terms of the competition process itself and how they related to participating EAs:

1. When it comes to the competition process, the FRWC will focus on four main areas:
a. Giving every person an equal opportunity to participate.

b. Giving every participant an equal opportunity to win the biggest cash prize ever awarded in an automated Forex trading competition.

c. Creating a trading environment within the competition which ensures that every EA trades in uniform conditions.

d. Conducting a fully transparent and accountable competition process from start to finish.

2. When it comes to the participating EAs, we will focus on two main areas:
a. Appropriate qualification filtering so that participating EAs are sufficiently robust to withstand the true reality of live Forex trading.

b. Removing the characteristics that impede EAs from trading well over the long term.

3. When it comes to private FX traders, after the competition is over, the Forex Robot World Cup is committed to allowing them to purchase Forex robots that are under a unique category, the best of the best.

By covering all of the above mentioned areas, we are confident that the outcome of the FRWC will be like nothing seen before in the industry…

…discovering the best of the best and creating a new reality in the Forex market.

The FRWC is truly committed and prepared to establish a new standard when it comes to automated Forex trading

As you can see they have a very thorough and in depth understanding of judging forex trading robots. Who you know is also very important in forex trading and FRWC associated themselves with some very large names in forex. Forex Capital Markets and Boston Technologies, some of the largest and most respected names in forex. Give this start up group a huge show of support.

Finexo Review

Finexo is a retail broker that has been in business since 2003. Finexo uses market leader SaxoBank’s trading platform as a white label, which is certainly a positive. If you have been looking to trade with a reputed broker, but may have found their minimum deposit limits or commissions to high, then Finexo would be a suitable alternative.

Finexo has the same spreads as SaxoBank (3-14 pips), with the exception of EUR/USD, where you actually get lower spreads at most trading times. Their trading platform is browser based, but run on the same data feed that SaxoTrader does, which is a guarantee for up to the second, reliable price data. In addition to this Finexo offers 47 currency pairs, including some very exotic ones. I like this feature as I sometimes trade less liquid pairs that I have experience with.

Opening an account with Finexo is fast and there’s are a variety of methods available for deposits as well as withdrawals: Credit Card, Wire Transfer, Paypal, Money Bookers, Neteller and more. I’ve never had any problems withdrawing from Finexo, except for one time where I traded from a foreign IP address (from a country known for fraud). In that case, Finexo withheld the withdrawal until they were able to verify that I indeed had made the withdrawal.

Their platform has all the standard limit and stop loss orders as well as some more advanced orders such as ODO and ID. It’s a quite capable platform.

Finexo has a very nice mobile trading option, which works from cell phones and PDA’s and is free of charge.
The lowest minimum deposit is $25 and the leverage is 200:1. There is the option to upgrade to a VIP account that has lower spreads. There are also mini accounts available.

Customer service was knowledgeable and fast, when I contacted them. No problems there.

In conclusion, Finexo is much more than ‘just’ a white label (of SaxoBank though). It’s an independent broker that offers a lot of options and variety and comes with the financial soundness and reliability of Saxo Bank. I’d recommend Finexo to most traders, particularly of you have been looking at SaxoTrader, but don’t quite have the budget needed.