The personal approach to trading

With a large monthly turnover and rapidly growing client base, Ava FX have developed with one central focus at their core: their clients

Ava group is one of the world’s leading online forex trading brokers. More than 150,000 registered customers from over 150 countries worldwide execute over 1.5 million trades per month with Ava, with total trading volumes exceeding $50bn a month.

The company has also received numerous awards for maintaining the highest standards in customer service, trade executions, pricing transparency, and advanced trading tools. It also has offices in many of the major financial centres in the world, including New York, Tokyo, Dublin and Paris.

That personal touch
Founded in 2006 by a team of financial professionals and IT experts, Ava is dedicated to creating the ultimate online trading experience, but what makes Ava unique in the world of online trading is its user-oriented perspective.

Speaking to Adam Goldberg, retentions manager in the account analysts department, about Ava FX’s origins and its award-winning customer dedication, it becomes clear what makes it stand out from its competitors. While many other trading companies are merely online extensions of banking institutions, Ava FX was designed to fit the needs of both retail and institutional traders. “In today’s turbulent global financial markets, investors are looking for innovative ways to generate returns,” explains Mr Goldberg. “Forex trading offers investors exciting opportunities and the market for private FX trading is growing by more than 500 percent annually.”

“Our strong point, why a lot of traders choose our company in this industry, is down to our service. We have 13 languages, we have 24 hour support, on the phone, live chat, via email and every single trader with our company has their own personal account analyst who is there for any issue.”

From their multi-lingual, 24 hour support centre to their advanced interface design, there is no doubt that Ava FX is built around the user. It’s in the personal aspect of the company that sets it apart from the rest. Ava offers a wide range of services to cater for the needs of any trader, and offers help and every step of the way. Traders will find an online trading platform that’s easy enough to be used by novices, while providing even the most sophisticated trader with all the necessary tools.

“If you are new to the world of FX trading, we let you begin with no risk by opening a practice account with all the live features found on our full-featured trading platform. Then, when you are ready to begin trading for real, you can open an Ava FX trading account within minutes,” says Mr Goldberg.

“Once every trader makes their investment with Ava, whether it’s a hundred dollars or a hundred thousand dollars, as an account analyst, I begin working with them, to discuss their game plan for trading, what they trade, how they trade and where they should look for information. We welcome customer input and encourage traders to benefit from the expertise of our professional support staff.”

Second to none
“It’s in our interest that traders are making profits and we do what we can to help our traders with this.” Trading with Ava is far from a corporate matter; it’s more of a personal experience, outlines Mr Goldberg: “We spend time one-on-one with traders, which is not what a lot of companies do; we give you personal attention. We invest ourselves and our time into helping our traders learn about the market.”

“Our service is second to none,” he continues. “We have fixed spreads for forex and products for every possible trader. We have forex, we have over thirty different commodities, we have indexes all over the world ranging from Spain to the UK to the US and we are very multi lingual. We are licensed and regulated in the EU and now have offices in Dublin, Tokyo, Paris and Milan. So, no matter where you are in the world, we have what you want to trade.”

Mr Goldberg sees Ava’s presence expanding even further around the world in the future, speaking candidly of the importance of meeting more of the company’s traders face-to-face:

“We are always going to different forex conferences around the world to meet our traders and we welcome their feedback, as we know and appreciate how vital it is to the future of Ava FX as a company.”

“As well as planning to add new products and services that other companies do not offer, we’re looking to open new offices all over the world, in different locations. We want to take our business to our traders, to meet them, to do personal seminars for them; it’s better for our business as we grow it to meet our traders face to face.”

Technological advances
However, it’s not just exemplary customer service that sets Ava apart. Over the last few years, the industry as a whole has been revolutionised by the emergence of the smartphone, and Ava hasn’t been one to ignore this technological advance.

Developing special platforms for trading on the move, Ava has utilised this trend and made it possible for anyone to trade anything from anywhere. “We have a lot of different trading platforms and part of this is down to a lot of our traders trading on the go. So we now offer trading via Android, iPhone and Blackberry smartphones, giving our traders to ability to use their mobile device to trade instantly and effectively, with the best execution, while they’re on the move.”

Ava has also gone one step further to harness the power of the smartphone trend, developing Auto Trading for those who have little or no time to spare. “We’re always adapting to technology and for traders that necessarily don’t want to trade themselves, we offer what’s called Auto Trading. They can build their own EA’s, which is basically a trading robot that they just insert in their platform and it trades for them. Auto trading is a revolution in the online trading market. Before, traders needed to buy or sell financial instruments. Now, they can choose from a wide range of strategies and pick the one that has performed best in a chosen period of time.”

Once the strategy is bought, it starts executing buy and sell orders in your forex trading account, allowing you to make money 24 hours a day without any hassle. “People are sometimes busy with work or school and they don’t have time, but they want to be involved with the markets, so either they can develop their own trading robots or pick someone that has already developed one and they manage their money for them. Ava does not manage money but through the system, there are people that can trade for you, you just decide how much you want to give that person,” says Mr Goldberg.

Currently, Ava offers its customers a choice of five different types of forex auto trading; Ava Autotrader; Zulutrade; Algorithmic Trading, API Trading and Trade Leader’s Investment Program; each one offering its own trader benefits and types of strategy.

Adapting to trends
As a company, Ava developed quickly in a short period of time. This rapid growth seems to have helped the company to adapt to shifting trends easily and effectively, as Mr Goldberg explains: “The company is rapidly growing; we started with just forex and over the last five years we have grown; forex is now just a part of what we offer. We offer trading in oil, gold, individual equities [such as] Google, Apple, Coca-Cola, Disney and we also offer stock indexes, trading in the FTSE, the DAX and the Dow Jones; different exchanges all over the world.”

Over the past few years, Mr Goldberg notes traders themselves have increased their knowledge base and level of trading, encouraging Ava to adapt to the more advanced trader.

“It’s an industry that’s been developing and there are a lot of resources, which is great for traders to learn. Ava has adapted to cater for and work with these more advanced traders in all the financial markets, not just forex, offering weekly webinars, conducted by industry experts, free e-book trading strategies and personal one-on-one training sessions.”

Always an opportunity
It is almost impossible to discuss how companies adapt to different scenarios without mentioning the recent global financial crisis. Ava as a company reacted well to these particular changes in the global markets, seeing it less as a crisis but as an opportunity.

“In trading, you can make money by buying or by selling, so people have made a lot of money actually with down-turns in the market,” Mr Goldberg concludes. “If someone believes that the Euro is going to crash, then you can make a trade on this. This is why it’s so popular because everyone is affected by it. If people see that the price of oil is going higher, you can come on our platform and buy oil. There’s always an opportunity for a trader, no matter how the market is moving.”

For more information www.avafx.com

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The May – June 2013 Issue

Highest corporate tax
rates in Europe

European countries are scrambling to raise every last penny of funds through taxes. But some countries may have gone too far...

Belgium

Though all business taxes in Belgium can be paid online with little effort and preparation, the rates are still sky-high at 57.7 percent, including a staggering 50.8 percent total rate on profits only in social security contributions.

Belarus

In Belarus, a company spends up to 338 hours annually preparing for and paying ten different taxes and duties. The total tax rate has incredibly been lowered to 60.7 percent, from 117.5 percent in 2008.

France

A company in France pays seven different taxes and duties, the sum of which can amount to 65.7 percent of profits; though President François Hollande has announced a wave of business tax rate cuts coming up.

Estonia

A business in Estonia pays 67.3 percent of profits in tax, 37.2 percent exclusively in social security contributions. The country has gone against the grain in Europe by raising businesses taxes from 48.6 percent in 2008 to the current rates.

Italy

While corporate income tax (IRES) in Italy is limited to 38 percent of taxable profit, a company operating in Italy can expect to pay 14 other taxes and duties, including social security contributions, bringing their total payable tax to 68.7 percent of profits, according to the World Bank.

Norway

Norway taxes motor fuels twice, with a road use tax and a CO2 emissions tax. Combined with strikes in the energy sector that have curbed output, the price of gas at a local pump has soared to $10.12 per gallon.

Turkey

Though Turkey sits on the Suez Canal and neighbours many oil rich countries, the price of a gallon of average gas clocks in at $9.41 in Turkish pumps, because of a 60 percent share of taxes. 

Israel

Like Turkey, Israel is surrounded by oil-rich neighbours, but drills very little itself. Gas prices are controlled by the government, so about half of the $9.28 per gallon goes to taxes.

Hong Kong

There are few gas stations in Hong Kong, but the ones available charge up to 76 percent more per gallon than mainland China, where the government caps the cost of fuel. A gallon at the pumps will cost around $8.61 on the island.

Netherlands

Expensive labour costs make the Dutch petrol prices the dearest in Europe, at $8.26 per gallon; though the 57 percent tax add-ons don’t help.

The credit crisis

8 February 2007
HSBC warns of subprime mortgage losses

2 April 2007
New Century goes bus

14 September 2007
Wholesale markets have dried up

17 March 2008
Rescue of Bear Stearns

7 September 2008
Rescue of Fannie Mae

15 September 2008
Lehman Brothers file for bankruptcy

3 October 2008
US congress approves $700bn bailout

14 February 2009
$787bn stimulus approved by congress

 

The effects of the current financial crisis are global and irrefutable. With the collapse of Lehman Brothers, the domino effect of irresponsible public monetary policies, huge levels of unsustainable debt, and a deregulated financial sector, has escalated to the point where no corner of the globe has been left untouched.

1973 oil crisis

October 1973
Syria and Egypt launch an attack on Israel on Yom Kippur and set off a twenty day war;

1977
US President Carter creates Department of Energy, which develops the US strategic petroleum reserve

 

The Organisation of Petroleum Exporting Countries (OPEC) used their oil reserves as a weapon with the Arab Oil Embargo against those who supported Israel. By January 1974, world oil prices were four times higher than they were at the start of the crisis, especially in the US, and the shock led to a huge drop in the stock market with NYSE losing $97bn in just six weeks.  The embargo lasted five months, and the effects are still seen today.

German hyperinflation

1922-1923

Hyperinflation
1923 – 1924
Stabilisation

 

The trouble began when Germany missed a repatriation payment, worth about one third of the German deficit in this period. Inflation was already high but by 1923 it was raging. Prices doubled within hours, and by late 1923, it cost 200bn marks to buy a single loaf of bread. People burned money as it was cheaper than buying firewood. Germany eventually regained control of its economy when it introduced the Rentenmark into circulation in 1923, and then the Reichmark in 1924.

The Great Depression

1929-1933
The Great Crash
1934-1939
Recovery and Recession

 

After the decadence of the Roaring Twenties, the 1930s saw the biggest economic slump of all time. The stock market crashed on 29 October 1929, and optimism and decadent living tumbled along with the figures. The GDP fell from $103.6bn in 1929, to $66bn in 1934 and the subsequent years of recovery were the most dramatic in US history.

1907 bankers’ panic

1907
Otto Heinze and his brother Augustus Heinze bought shares of United Copper.

 

The stock market was already cautious over the tight money supply, but the US was thrown into a depression after the stock market fell nearly 50 percent from its peak in 1906. The Heinze brothers thought they could influence market shares but ended up bankrupting lenders that provided the financing to buy the stock. A chain reaction left nine institutions bankrupt. By February 1908, the panic was over and the government created the Federal Reserve system, to prevent banks from exercising too much control over the economy.