Regardless of which platform you decide to choose, whether your decision stems from reading a avafx review or simply by doing your own homework, you need to be aware that both of these platforms only allow for one trading pair, this being the EUR/USD. You might be asking yourself are there any other pairings on the Forex market and there are indeed others, up to 38 others to be exact.
However, you’ll find that most trading platforms only deal in five of the major pairings, and the US dollar and the Euro are typically one of the most popular major pairings to trade in. In fact, it's quite difficult to find trading platforms that will allow you to trade all possible currency pairings.
As far as reasons why both avafx platforms, MT4 and ACT Trader only deal in one of the major pairings is because this particular pairing as well as the other major pairings typically respond extremely well to trading signals and analytical tools that help guide potential investors towards successful trades. Secondly, these trades have lower spreads. In order to explain the spread, perhaps the easiest way is to say that it is a brokerage fee.
While avafx doesn’t have any other fees, in order for them to be profitable, a spread is assigned to each pairing and it is what the brokerage house makes on each trade. Other brokerage houses charge multiple fees and commissions, but not AvaFX. Regardless, these spreads are low, usually in the 3 pips department. Spreads for lesser pairs can be quite high, up to 200% and you may never be profitable enough to come out a winner after the spread on these currency pairings.
Another benefit to these two platforms offered by AvaFX is that they also offer trading options for precious metals as well. With MT4 and Act Trader, you can trade in silver, gold and platinum. The only difference between these two is the leverage that each platform offers. ACT Trader offers the standard 200:1 trading leverage. MT4 on the other had offers 400:1 trading leverage on precious metal trades.
If you are looking for a premier brokerage house to handle all of your Forex trades and you have chosen AvaFX, then you have made a wise decision. As to which platform you decide on, you need to do some careful consideration, give each platform a test drive and take the time to determine which trading platform best suits your Forex trading needs.
