AvaTrade may be a leading international forex broker, and are a part of the AVA Group of companies. Being founded in 2006, AvaTrade is one among the oldest online brokerages. Our review details the trading platforms, mobile app, deposit methods, and MT4 integration. We also compare trading costs, spreads and leverage. From Bitcoin to vanilla options, whatever you would like to trade, see if Avatrade will suit you.
The firm also recently announced a serious partnership with English Premier League Champions Manchester City, underlining the brands growth and visibility.
Regulation & Reputation
Choosing a forex broker that’s regulated by a reputable regulatory authority is of the utmost importance, for regulated status helps to make sure a company’s trustworthiness and competence. AvaTrade is most definitely a reputable firm, being regulated by several authorities from round the world.
- In Europe, the broker is regulated by the financial institution of eire under license #C53877.
- In Australia, the broker is licensed by the ASIC under license #406684.
- In Japan, the broker is licensed by the FSA under license #1662 and therefore the FFA under license #1574.
- In South Africa , the broker is licensed by the FSB under license #45984.
AvaTrade is among the simplest online brokerages within the industry in terms of reputation and reliability, and you’ll trade confidently . the corporate has won numerous awards for “Best Customer Support”, “Best Alert System”, “Best Financial Derivative Trading Provider”, and “Best Forex Broker YEAR”
The firm have also now opened the market in Canada via a collaboration with Friedberg Direct. Friedberg Direct may be a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and most Canadian Exchanges. Friedberg Mercantile Group Ltd. is headquartered at 181 Bay St., Suite 250, Toronto, ON M5J 2T3, Canada.
Types of Trading Platforms Available
One of the foremost impressive aspects of AvaTrade is that the number of trading platforms available to traders. there’s literally something for everybody here, whether you’re a beginner, seasoned trading veteran, or something else. the subsequent platforms offered by AvaTrade are:
- MetaTrader 4 platformMetaTrader 5 platform
- Meta Trader for Mac
- Meta Trader for mobile trading (Download the Avatrade app directly here)
- Meta Trader for web trading
- The AvaTradeAct platform (Proprietary Platform)
In addition to those platforms, AvaTrade features various automated trading software to suit every person’s needs. the subsequent are:
- Mirror Trader
- MQL5 Signal Service
- API Trading
Trading Accounts Offered
AvaTrade keeps things
simple with their accounts by offering only two account types to most traders. a typical account and a demo account.
Standard accounts are often opened with as little as $100 using credit cards or with $500 via wire transfer.
In addition to the 2 standard accounts,
Muslim traders are accommodated by offering ‘swap free accounts’ that operate in accordance to the Islamic Sharia Principle of interest free trading.
As well, professional traders can open up MAM accounts to simply manage several accounts for his or her clients. These sorts of accounts include the subsequent features:
Ability to make multiple sub trading groups
- All MT4 order types like stops, limits and shut 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
Bonuses & Promos
Bonuses could also be available dependent upon geographical location; please contact AvaTrade for more information.
Instruments & Assets
AvaTrade excels once more at offering traders a good array of monetary trading instruments. Investors are liberal to trade:
Forex – Over 50 currency pairs available, including all majors, minors, and lots of exotics available 24 hrs each day , 7 days every 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 very best of leverage along side 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 exposes a variety of opportunities for those interested by using the merchandise .
AvaTrade offers excellent customer support via several multilingual options. the choices include live chat, email, FAQ page, social media, fax and thru telephone. Telephone support is obtainable during a number of languages and countries throughout the planet , including 21 different countries throughout Europe, 2 countries in Africa, 6 countries across Asia, 4 countries across South America, 2 countries within the Middle East and Australia.
The support offered is prompt and informative from local customer support representatives. The recent partnership in Canada for instance , gives customers access to customer services of locally based Friedberg Direct.
Deposit & Withdrawal
Deposits – AvaTrade offers their clients a spread of deposit options. Traders may fund their accounts with credit cards (VISA, MasterCard, debit), Bank Wire Transfers, and various sorts of E-Wallets like Paypal, Skrill, NETELLER and WebMoney. The minimum initial deposit for opening up an account is merely $100.
Withdrawals – Traders can withdraw their funds via an equivalent methods used for deposits. Withdrawal requests will take up to five business days to process. Once processed, withdrawals are going to be completed as soon because the methods allow them to be completed. The fastest method of withdrawal is by using the Ava Debit Mastercard, which traders can apply for once signed up for an account.
AvaTrade Day Trading Tools
Education – AvaTrade has an exceptional education center. it’s going to be the simplest one we’ve ever seen, complete with videos, eBooks, tutorials, glossaries, and more. there’s an entire section on their website dedicated to educating their traders. As well, the entire site generally is extremely informative for day traders.
Trading Tools – AvaTrade has an abundance of features dedicated to successful day traders. one among their most impressive features is their automated trading software bundles which is outstanding for day trading.
Range of assets – there’s a huge array of assets to settle on from, which makes this brokerage great for day traders who are just beginning or seasoned veterans.
Free Trading Coaching Course – The recent promotion of the partnership with Manchester City Football Club included some free trading courses.
Spreads are competitive at Avatrade, and that they are constantly working to scale back them further. Particularly within the crypto market, the firm have made huge strides. only recently spreads on cryptocurrency trades were slashed by 50% – but an announcement has revealed they need been trimmed by another third. As brokers gain confidence within the liquidity of the markets, they will be braver with spreads.
Just like many other Forex brokers on the market, Avatrade provides a spread of software types on its platform. This makes it easier for the purchasers to rearrange their trading activity on the web site and to stay here for extended . See the various platforms that are available on Avatrade website.
MetaTrader 4 – the foremost popular platform on the market, which is claimed to be quite intuitive and straightforward to be operated with for the purchasers .
- Special mobile version that permits you to trade from your favourite mobile device at anywhere and at any time.
- Mac Trading platform for Mac customers
- MT4 Floating Spreads – with this platform you’ll trade easier than ever
- Web Trading – a web-based platform that doesn’t require any installation or downloading of specific software type
- AvaOptions – specially tailored platform for traders, who have decided to trade with different options (including binary) on the web site .
Why choosing Avatrade Forex Broker?
We have mentioned and listed all of the foremost important features available on Avatrade platform, but you’ll yet have some doubts about it. to form sure that Avatrade website is indeed reliable and really profitable, see all of its pros now:
- Finely organized customer support at multiple languages
- Options to check and trade with the demo account
- Low spreads
- Cool bonus system type
- Availability of several software types to settle on from
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