AVA Global is a relatively new online forex and contract for difference (CFD) broker, established on October 28, 2024. The broker mainly offers trading products including forex, indices, commodities, cryptocurrencies, stocks, futures, and bond CFDs.
Trading Platform and Tools
AVA Global claims to offer its unique ST7 trading platform, but the platform's icon displays MetaTrader 4 (MT4) and MetaTrader 5 (MT5). This raises doubts about whether ST7 is indeed MT5. The platform features highlights such as raw pricing, low latency trading, spreads from 0.0 pips, deep interbank liquidity, and leverage up to 1:1000. Additionally, the platform supports PCs, iOS, and Android devices, but currently, download links for Android and iOS are not functioning properly.
Types of Trading
The broker offers its clients a variety of trading products including:
- Forex: Over 61 currency pairs, spreads as low as 0.0 pips, leverage up to 1:1000
- Indices: 25 indices available for trading, leverage up to 1:200, spreads as low as 0.4 pips, no commission
- Commodity CFDs: More than 22 commodity CFDs available (energy, agriculture, and metals), spot and futures CFDs, leverage up to 1:1000, spreads as low as 0.0 pips
- Cryptocurrency CFDs: Offers CFDs for Bitcoin, Ethereum, Dash, Litecoin, Ripple, Emercoin, EOS, NameCoin, Binance Coin, PeerCoin, Chainlink, etc.
- Stock CFDs: Single stock CFDs enable traders to trade the most popular global companies such as Nvidia, Apple, Meta, Microsoft, or BHP Billiton.
- Futures CFDs: Futures are one of the most popular forms of CFDs. AVA Global offers a range of futures from around the world, including the ICE Dollar Index and CBOE VIX Index. CFDs on online futures are only available on AVA Global's ST7 platform.
- Bond CFDs: Over 9 bonds available, no commission, leverage up to 1:200, 24/5 trading
These trading varieties cover multiple global markets, allowing customers to choose according to their needs.
Account Types and Commissions
Among them are the Raw Spread Account, Standard Account, and cTrader Account. Each of these account types is assigned to different trading platforms, commissions, spreads, and leverage. The details are given below:
Raw Spread Account
- Trading Platform: MetaTrader
- Commission: $3.5 per lot ($7.0 round trip per lot)
- Spread: From 0.0 pips
- Minimum Deposit: $200
- Leverage: 1:1000
Standard Account
- Trading Platform: MetaTrader
- Commission: None
- Spread: From 0.8 pips
- Minimum Deposit: $200
- Leverage: 1:1000
cTrader Account
- Trading Platform: cTrader, TradingView
- Commission: $3.0 per lot ($6.0 per $100,000 turnover)
- Spread: From 0.0 pips
- Minimum Deposit: $200
- Leverage: 1:1000
Regulatory Information
As if the claims by AVA Global that it is regulated by the Seychelles Financial Services Authority and operated by Raw Trading Ltd were not enough, investigations prove the opposite. To be more specific, the trading names coming under Raw Trading Ltd on the FSA website are IC Markets Global and IC MARKETS (SC), but not AVA Global. Moreover, it's nowhere to be found on the lists of the FCA and the NFA, which speaks volumes about the gravity of the lack of actual regulation. Investors should be more cautious when choosing this platform.
Educational Resources and Customer Support
Educational Resources
The broker offers a wealth of educational resources, including:
- Introduction to the advantages of forex and CFD trading
- Video tutorials, helping traders familiarize themselves with the ST7 platform
- Web TV, providing short video reports on global financial markets
These resources provide valuable learning support for novice traders, helping them better understand market dynamics.
Customer Support
The broker offers 24/7 online customer support, primarily through email communication. Its official contact details include:
- Customer Support Email: [email protected]
- Marketing Email: [email protected]
- Account-related Issues Email: [email protected]
However, the website does not provide a phone contact number, and the publicly available operating address only points to Raw Trading Ltd, which may lack transparency for customers.
Deposit and Withdrawal Methods
The web payment options at AVA Global include credit cards, debit cards, Skrill, Neteller, and bank wire transfers. Your request for a withdrawal will be processed on the same day provided it was received by 12:00 AEST/AEDT. Also, remember that some banks charge a little extra, which the broker has no control over.
IB Policy and Brand Exposure
Currently, the broker has not disclosed any Introducing Broker (IB) policy, and no information on its staff or related news can be found in public online resources. Furthermore, according to traffic data analysis by the renowned website Semrush, AVA Global's average monthly visits are less than 100, indicating low brand exposure in the market.
Conclusion
Overall, AVA Global is a newer forex and CFD broker. Although it offers some attractive trading tools and resources, its regulatory issues and lack of transparency might pose certain risks for investors. Before choosing this platform, investors should carefully assess its pros and cons and remain alert to potential risks.
