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AvaTrade Review Summary:
AvaTrade is a well-reputed and trusted online broker across the globe. The firm started its operation in 2006. AvaTrade is one of the oldest and leading forex broker. The brokerage firm always tries to provide the best and advanced trading features and conditions to its customers. Lets see unbiased AvaTrade Review
AvaTrade is one of the biggest online broker across the globe. The firm has four offices worldwide in Japan, Ireland, Australia and the British Virgin Islands and accepts traders from a significant part worldwide. The financial service provider recently signed the partnership with English Premier League Champions Manchester City, emphasising the brand’s expansion and visibility.
The broker provides a wide range of trading instruments across various international financial markets. It offers CFDs trading, forex trading, stock trading, crypto trading, options trading, indices trading, etc.
The broker offers core account types and accepts trading accounts in multiple currencies. The broker has the most used and popular trading platform across the world, MetaTrader4 and MetaTrader5.
The broker has an exceptional customer support team that assists customers 24/7 because support is essential for any organisation.
Is AvaTrade Scam? Regulation and Safety:
Finding and choosing the reputed and legit forex broker is essential. AvaTrade is the safest venture for traders and investors across the globe. The firm has an exceptional track record of 15 years and has thousands of active traders. AvaTrade is the most reputed online broker and regulated by multiple top tier financial regulatory authorities worldwide.
- In Europe, the broker is regulated by the Central Bank of Ireland under license #C53877.
- In Australia, the broker is registered by the ASIC under license #406684.
- In Japan, the broker is licensed by the FSA under license #1662 and the FFA under license #1574.
- In South Africa, the broker is licensed by the FSB under license #45984.
AvaTrade has won several awards for its outstanding services like “Best Alert System”, “Best Customer Support”, “Best Financial Derivative Trading Provider”, and “Best Forex Broker of the Year.”
The broker also uses additional encryption and segregated bank accounts for the security of clients funds. Thus AvaTrade is the most trusted and reliable online trading platform. You can start your trading journey confidently and safely with AvaTrade.
AvaTrade Review of Trading Account Types:
The broker has kept the account types simple and offers a standard account and demo account. A standard account can be opened with a minimum deposit of $100.
It also offers swap-free accounts for Muslim traders as per the Islamic Sharia Principle of interest-free trading.
All account types come with the best features and services essential for a fruitful trading journey.
The broker also provides MAM accounts to professional traders to manage several accounts. Some of the features of this account:
- Ability to create multiple sub trading groups
- All MT4 order types such as stops, limits and close are available
- Expert Advisors (EAs) compatible
- Minimum lot at 0.01 lots
- Multiple allocation parameters
- Order placements for unlimited client accounts
- Trade order placements from a master account
AvaTrade Review of Trading Platforms:
The most prominent and attractive part of AvaTrade is the broad range of trading platforms. It offers an advanced and user-friendly trading platform suitable for any trader from novice to pro level. The trading platforms are available across all devices and operating systems. The platform offers different charting and analysis options.
- MetaTrader 4 platform
- MetaTrader 5 platform
- MetaTrader for Mac
- MetaTrader for mobile trading (Download the Avatrade’s app directly here)
- Meta Trader for web trading
- The AvaTradeAct platform (Proprietary Platform)
Additionally, the service provider also provides the best-automated trading platforms that fulfil every customer’s needs.
- Mirror Trader
- MQL5 Signal Service
- API Trading
Along with this, the broker also offers an AvaSocial app, available on both android and ios. This app allows traders to follow successful investors and replicate their trades and enhance their portfolio.
The AvaSocial app is the best social trading platform, where users can interact with multiple other traders and discuss different trading strategies and dynamics of the financial markets. This can be beneficial for novice traders.
AvaTrade Review of Trading Instruments and Markets:
AvaTrade offers a broad and comprehensive range of tradable assets from different global financial markets. Traders can take benefit of this and enhance their profits and diversify their portfolio. CFD trading can reduce traders’ risk.
- Forex – Over 50 currency pairs available, including all majors, minors, and many exotics available 24 hrs a day, 7 days a week. Traders can enjoy competitive spreads as low as 0.8 pips and leverage up to 400:1.
- Cryptocurrency – (Not available in Canada) – Traders can trade 9 different cryptocurrencies with up to 20:1 leverage. These now include Ripple, Ethereum, Bitcoin and Bitcoin Cash.
- Indices, Bonds, Stocks, ETFs & Commodities – Traders of AvaTrade enjoy the highest leverage and very competitive and low spreads for trading these financial assets.
- Options – Avatrade have made trading options accessible for traders of all experience levels. The new options trading platform reduces the complexity of vanilla options and opens up a range of opportunities for those curious about using the product.
AvaTrade Fees and Spreads:
The broker offers variable and competitive spread and commission compared to other brokers in the industry. Traders can trade confidently with AvaTrade as the broker is constantly working on its fee and swap charge and always tries to deliver the best options to its valuable clients.
AvaTrade Deposits and Withdrawals:
The broker provides a variety of payment methods to deposit and withdraw funds. Traders can open an account with a minimum deposit of $100.
- BankWire Transfer
- Credit Cards
- Debit Cards
Withdrawals processing time might take up to 4-5 business days depending on the payment methods. The fastest way of withdrawal is by using the Ava Debit Mastercard, which traders can apply for once signed up for an account.
AvaTrade Educational and Research Tools:
The broker offers quite impressive and exceptional educational and research support. The material is the best in the industry. Traders can take the benefit of all these materials and leverage their trading journey fruitfully.
- Economic Calendars
- Daily Updates
AvaTrade Customer Support:
The broker has a dedicated and well-trained customer support team. The support team is the backbone for any organisation, especially in service sectors.
Fortunately, AvaTrade has the best in class support that offers prompt responses and solves all the queries instantly. It provides multilingual telephone support in major countries worldwide.
You can connect them through telephone, email, live chat and FAQs section on the website.
This was the unbiased, detailed AvaTrade review based on multiple factors and services. The broker has exceptional services and features in all departments. Most importantly, AvaTrade is a highly regulated and reputed broker in the market. You can confidently open an account and start your trading journey with AvaTrade.
Best of luck with your trading journey!!!!!
Why Trade with AvaTrade?
Yes, definitely the firm is legitimate and safe for the investor and trader as it is regulated by the multiple top tier financial regulatory commissions worldwide.
You can open an account and start trading with a minimum deposit of $100
The broker offers different leverage based on the trading asset. The maximum leverage to EU clients is 1:30, while for other customers it offers 1:400.
The broker has dedicated and trained support. You can solve your problems by FAQs section, live chat, or telephone support. It offers multilingual telephone support in major countries worldwide.