Investors based in India have started to shift their interests from the usual stock market trading to forex. Despite the regulatory hurdles and other complexities, forex is one of the most-traded financial markets in the world that is worth several trillion dollars. The best thing about choosing a top-grade regulated forex broker is that they provide their clients with many facilities to help make the most out of each market opportunity. The AVFX Capital is one such online forex brokerage company that accepts Indian investors on its platform. In the following AVFX Capital India review, we shall find out if AVFX Capital best online forex trading broker India or not.
Is it legal? Does it accept Indian Clients?
AVFX Capital India review is incomplete without determining whether associating with this particular forex broker is legal or not according to the guidelines shared by the Securities and Exchange Board of India or SEBI. The best way to find out if a broker is registered to provide brokerage services to Indian investors is to check their license on SEBI’s website i.e.
Being on the SEBI means that a particular FX broker is legal. In the case of AVFX Capital, there are mixed reviews about the company’s legality. Although it does accept Indian clients, the company AVFX Technology Limited holds a “Certificate of Incorporation” from Saint Vincent and the Grenadines.
What kind of broker is AVFX Capital?
AVFX Capital is a CFD Forex broker that avoids the transfer of physical assets and trader over the counter (OTC) like other industry-leading forex brokerage companies. Being a CFD forex broker increases the risk of trading on AVFX Capital for novice and inexperienced forex traders. Since leverage trading is offered through CFDs, there is a possibility that an investor’s money could be lost if it is not properly managed. One must be aware of the risks and benefits associated with CFD leveraged forex trading. The advantage of leveraged forex trading is that clients of AVFX Capital, need a considerably small amount as margin to open and manage trading positions worth tens of thousands of dollars.
Tradable Markets Available on AVFX Capital
Whenever Indian investors choose a companion trading platform for trading forex legally, they check the resources and tradable markets managed by the forex broker thoroughly. As an international forex broker, the AVFX Capital platform offers many financial products for the benefit and utilisation of its clients based in India and other supported countries.
Some tradable assets that AVFX Capital provides are as follows:
- Currencies: such as EUR/USD, GBP/USD, JPY/USD
- Metals: such as Gold and Silver
- Commodities: such as food grains, dry fruits
- Indices: such as S&P 500, NASDAQ 100, and DAX 30
- Energies: such as Crude Oil and Brent.
According to their official website, AVFX also deals in cryptocurrencies. Because the AVFX trading platform has a plethora of trading products, many forex traders who are new to the concept of trading with an online forex broker opt for this broker after reading the AVFX Capital India review.
Minimum Deposit Required on AVFX Capital Platform
According to the AVFX Capital website, their platform allows clients (new or old) to utilise the industry-favourite trading platform known as MetaTrader 4, several best-in-class trading services, versatile tradable assets in CFD form, high-frequency order execution, etc. All of AVFX Capital’s services and products are available to users at a $10 minimum deposit. As far as the leverage is concerned, AVFX Capital offers as high as 1:1000 under favourable conditions. This means that by keeping $10 as your margin, one can open or trade positions worth $100,000 which is considerably a lot.
AVFX Capital Spreads and Costs
Although there is no information available for the company AVFX Technology like a registered address on the official website, AVFX Capital provides an insight into the spread and costs available on the platform for its client’s knowledge. As mentioned earlier, most of the benefits of the platform are available at a minimum deposit of $10 and the leverage is up to 1:1000. Users of this forex broker platform can choose any of the available markets for trading with a spread of 1.8 pips on some forex pairs like the EUR/USD.
Account Types Available on AVFX Capital
The AVFX Capital offers its clientele 4 different types of forex trading accounts which are as follows:
Mini
This beginner-friendly account allows forex traders to trade in mini lot positions. Mini account of AVFX Capital is a great match for those who want to experiment with smaller trades while keeping the risks at bay.
Features:
- These account offer traders maximum leverage available on the AVFX Capital trading platform i.e. 1:1000
- The mini account does not involve any sort of commissions and hence permits higher levels of multiplicity.
- The minimum deposit for this kind of trading account starts at $100 and goes up to $999.
To know more, visit AVFX.
Classic
Unlike the mini account, this one is for such forex traders who have a bit of experience in forex markets. Using the classic trading account, one can access AVFX Capital via MT4, MT5, Desktop, and Mobile Trading platforms.
Features:
- AVFX team guarantees that the classic account holders receive the best spreads while trading that amounts to 1.2 pips.
- Instant execution of orders is implemented on a classic trading account.
- Market players with some experience can utilise a classic account with no minimum deposit amount. But traders should keep at least $1,000 in their account to trade freely.
If you want to learn more about the classic account, visit AVFX.
ECN
ECN account holders are more capable of taking an advantage of the daily price fluctuations occurring regularly. For some experienced individuals, ECN trading could increase their chances of making profits through forex trading.
Features:
- Spreads available on AVFX Capital’s ECN trading account are close to 1 pip which is considerably less and useful.
- The minimum opening deposit for an ECN account starts from $3,000 with all sorts of trading instruments available.
- The maximum amount of leverage that ECN account holders are allowed is up to 1:500 and there is also a mention about “flexible bonus offering.”
Visit AVFX to know more about ECN.
Swap Free
People who are looking into forex trading as a long-term investment should consider the swap-free trading account offered by AVFX Capital. It is a convenient and helpful trading account that keeps your positions for multiple days.
Features:
- Without any commission, this account provides long-term forex traders with a 1 pip spread and 1:500 leverage
- The minimum trade size on Swap Free account is 0.01 lot with the addition of a flexible bonus offering.
Deposit and withdrawal timing and costs
The AVFX Capital ensures that there is no commission on any deposit and withdrawal processes that take place on the forex trading platform. But there is no way to ascertain without creating a live trading account. This broker does have a demo account available for its clients but the link cannot be accessed and that is a major red flag. The overall cost of trading on AVFX Capital is from $10 to $1,000.
Is AVFX Capital best online forex trading broker in India?
Like other CFD forex brokerage entities, AVFX Capital also makes a strong case of providing best-in-class trading services to its clients without any commissions. They also place a negative balance protection feature to protect investors’ funds. But there is no way to verify all this information just as there is no proof or certification regarding its regulatory compliance.