AvaTrade - Forex Broker Review
Based in Dublin, Ireland, founded in 2006 as AvaFX , later AvaTrade is an online forex and CFDs broker that is specializes in offering trading services for equities, ETFs, Bitcoin, bonds, commodities, and market indices.
More than 150 countries with offices located worldwide AvaTrade offering their trading services with plenty of remarks. Basically a forex brokerage company fully regulated and licensed in the EU and BVI that is committed to providing a safe trading. For trading at AvaTrade includes Forex pairs (2 hundred +) Indices (majors and minors), Commodities (oil, silver, gold), and stocks. Recently the broker has introduced Crypto currencies, mainly Bitcoin, Ethereum, Ripple and Dash. Offering leverage as high as 400:1 is considered them one of the small list of
Brokers who care their clients demands.
With the mistrusts in the Forex markets happens several times already – not all of them, but most traders are now very much conscious about the importance of trading with a valid licensed and regulated brokerage firm. The broker, AvaTrade has done various financial regulations paperwork and achieved trusts depending on customer’s country of residence. Trading on a regulated broker platform tells you have a secure place to complain if something happens.
- AvaTrade operated in EU countries by naming AVA Trade EU Ltd. The company is regulated by the Central Bank of Ireland, (License No C53877.
- They have registration in Australia by “Ava Capital Markets Pty Ltd” is licensed (406684) by ASIC in Australia.
- In Japan they have company (1662) named “Ava Trade Japan K.K.” is licensed by the FSA.
- In South Africa “Ava Capital Markets Pty Ltd (45984)” is licensed by the FSB.
In Japan they are tightly regulated with several financial agencies such as the Financial Services Agency, the Commodities Futures Association of Japan as well as the Financial Futures Association of Japan.
At a time having oversight on its operations in Japan, Regardless of whether a trader is a beginner trader or an experienced trader, AvaTrade will be able to meet all their trading requirements.
Unique Features of Trading with AvaTrade
Bundled with the trading software itself, automated trading packages are one particular feature from the brokerage firm. Those are incredibly diverse and rich trading facility. Advanced strategies that cost hundreds of dollars in the market are being offered by AvaTrade for free by the broker for the simple expense of trading forex as well as Forex trading APIs; you only pay the spreads for trading and no additional costs for the advanced and professional auto-trading tools that you're supplied with.
They have own “Ava AutoTrader” system which permits algorithmic trading in its latest versions, as well as an advanced variety of various APIs that allows you to create your own forex robotisation solutions from scratch. This kind of is a special benefits available with no other company in the FX world as of the time this review was being created. The broker includes the popular ZuluTrade system which is very popular for automated trading.
For most traders, one of the greatest concerns which they have concerning a broker is whether the broker is reliable. This is generally due to the reality that the online trading industry has for years been plagued with rip-off brokers. Understandably, beginner dealers are anxious to be sure that the broker whom they sign up with is legitimate and reliable.
With AvaTrade, this has stopped to be a matter for traders. Being a broker that has been in business for over a ten years, AvaTrade has already proven a reputation among the online trading community as a broker with honesty and reliability. Firstly, AvaTrade is an authorized and regulated broker that conforms to the strictest regulating requirements. It is able to provide its dealers a safe and licensed environment which they can trade with a peacefulness of mind.
In testimony to its reliable track record, AvaTrade has since 2009 won many different awards in recognition of its accomplishments to the industry. Between their awards, AvaTrade has achieved the "Best Buyer Support", "Best Alert System" and "Best Financial Type Trading Provider".
AvaTrade Trading Platform & Tools
AvaTrader is an excellent user-friendly platform that allows for single-click trading on all assets from a single screen. This is a fully personalized platform, which boasts advanced charting, live-analysis as well as lives feeds. 1 of AvaTrade's main interesting attractions is the enough quantity of trading platforms it has made available for its traders.
Currently, AvaTrade’s customers have a choice of 8 types of trading platforms to choose.
Catering to every form of trader, AvaTrade offers a multitude of platforms, both automated and by trader hand. Every single platform allows access to over 250 trading tools, multiple analytical tools, symptoms and up to the moment charts.
AvaTrade offers multiple third-party trading programs such as AvaTraderAct, ZuluTrade. Multiple social-copy trading platforms help elevate its offering.
These types of various platforms include:
- MetaTrader 4 program
- Meta Investor platform for mobile trading
- Meta Trader platform for floating distributes
- Meta Speculator platform for web trading
- Meta Trader platform for Mac OPERATING-SYSTEM
- The private AvaTrade Act platform FX and CFD trading
- Platforms for automated trading.
Mobile Trading Platforms
AvaTrade programs are available on mobile phones as well. AvaTrade helps
AvaTrade offers multiple third-party trading platforms for mobile, like the AvaTradeAct mobile software produced by ActTrader Solutions Inc. and the popular MetaTrader 4 (MT4) mobile iPhone app from MetaQuotes Software program Corporation, as well as the AvaTradeGO mobile iPhone app that syncs with METATRADER. They have various mobile platform apps Google Android, iOS (iPhone and iPad) system software too. AvaTrade' clients have the choice to choose between MetaTrader program and AvaTradeACT.
To read more about MT4 mobile, see our tips for MetaTrader. For this review, I focused on using the AvaTradeAct mobile software for Android. First impacts after logging in were that the iPhone app is properly designed with a clean interface and smooth consumer experience.
The great useful options available to consumers as described in the previous sections and the overall flexibility shown by AvaTrade in account buying into. The accommodative primary deposit requirements should mentioned. AvaTrade differentiates itself by the in depth support provided to the beginner by the business's customer service. The interface which considered as user-friendly and simple, in conjunction with an expert support staff available 24-hours a day, 5 days a week, in over 12 languages ensures that the questions of newcomers are answered quickly. Any kind of troubles for their traders is resolved in the shortest possible time as well.
One of the most popular aspects of this broker is the wide range of automated trading solutions they feature. They are integrated with a number of companies like DupliTrade, MQL5 Signs and ZuluTrade.
To cater for starter traders, AvaTrade has made available a strong selection of automated trading websites and tools that they can use to improve their trading profitability.
(Warning: using automatic trading software is extremely dangerous, and can cause the loss of your complete trading account.)
Beginner traders who do not gained yet very good trading experience will find automated trade platforms especially useful since they allow them copy or looking glass the trades made by their more knowledgeable traders. This kind of also helps to enhance the confidence level of newbie traders so they will embark on more trading activities. The array of automatic trading platforms includes:
- Mirror Trader
- MQL5 Signal Service
- API Trading
AvaTrade Cryptocurrencies Trading
It was earlier time in crypto, AvaTrade has been offering the crypto trading facility, since 2013. At that time cryptocurrency traders could trade in Bitcoin CFD on its proprietary trading platform and through the MetaTrader 4 platform. With the 2017 last surge in cryptocurrencies popularity, AvaTrade added to its portfolio several cryptocurrencies. Currently, there are 8 different types of cryptocurrencies can be traded including –
- Bitcoin Cash
Unlike cryptocurrency trading, this kind of blockchain currency trading at AvaTrade involves with a financial derivative such as CFDs. You will not be buying and selling with the physical cryptocurrency but rather with CFDs which allows you to capitalize on the price movements of the cryptocurrency. The advantages of trading cryptocurrencies with CFDs include ability to profit from both a rising and falling market as well as being more affordable. Additionally, with the leverage facility - customers can also leverage their trades by up to a ratio of 1:20.
AvaTrade Commissions and Spreads
Traders at AvaTrade can trade with fixed or floating spreads, brokerage gave the chance to them depending on the pricing method. For some of the more frequently traded currency pairs we have a list following to let you know the spreads (both floating and fixed) on AvaTrade-
AvaTrade Deposits and Withdrawals options
Funding on account in your AvaTrade trading account could be using credit/debit cards and bank wire transfer. Also they supports through most common eWallets, these includes PayPal, Skrill, NETELLER, WebMoney online payment transfers.
Withdrawal ways at AvaTrade are identical as those used for making a deposit. To withdrawal your earing or the equity, simply fill out the withdrawal request form through the trading account on “MY AVA” dashboard. Follow the instructions listed within the withdrawal section located at the bottom left of the “MY AVA” screen. Once the withdrawal request has been submitted, it'll take up to five business days for the request to be processed. Additionally to the five days needed to process the withdrawal request, it'll take many several days for the entire withdrawal process to be completed and also the money announce within the checking account of the trader. For a quicker payout, traders will apply for the faster Ava Debit MasterCard. With the Ava Debit MasterCard, the withdrawal time is faster significantly.
Bonuses and Promotions
AvaTrade is providing a welcome bonus promotion for new account holders once they register and make a deposit into their trading account. Depending on the amount that has been deposited, the bonuses awarded vary from $100 to $10,000.
AvaTrade has another bonus program that's available for traders to take advantage off. For each referral made by a trader (refer a friend to AvaTrade) which filled up the requirements to claim, he/she can receive bonuses starting from $75 to $400.
The payouts of bonuses awarded are however subject to several terms and conditions.
The customer support on AvaTrade available 24 hours in forex trading days hence ensuring that the AvaTrade trader can always get the assistance that he or she needs despite the time. The customer support service handled by a team of multilingual support reps. to speak with the support team, AvaTrade traders uses chat, email, telephone, social media, and faxes. One among the best features concerning AvaTrade customer support is their localized support service.
For satisfying customers, they have took telephone charges so that their traders will not be burdened with excessive telephone charges. Also you can find a significant number of localized telephone support numbers.
It should mentioned that AvaTrade has won several trustful awards since they have started their journey.
In 2018 they have won “Best Trading Experience” award from our visitor’s votes. In 2017 the brokerage firm received from our visitor’s votes - “Best Affiliate Program”.
It is demonstrated that they are reliable and well respected in the industry.
We were likewise similarly awed with the quantity of arrangements that they have given their traders. It doesn't make a difference if a trader is an amateur or a prepared proficient; AvaTrade has guaranteed that all their exchanging needs are met.
Notwithstanding forex, AvaTrade gives access to CFDs on well known digital forms of money, lists, single-stock securities (shares), ETFs, securities, and hard and delicate products, including metals. These contain 231 tradable items.
AvaTrade offers traders numerous stages through its managed brands, furnishing customers with an extensive variety of alternatives for utilizing exchanging apparatuses over a decent scope of business sectors, including spot forex on 59 money sets and 37 cash sets for forex choices exchanging.
A diminishment in the company's exchanging costs have helped AvaTrade's incentive with regards to accessible spreads and estimating. The broker gives a decent scope of research devices and stages for social duplicate exchanging. In the interim, traders who meet store or volume necessities for Ava Select can get to custom fitted exchanging terms.
Need to be Mentioned Once Again
In the UK and Ireland, AvaTrade additionally offers spread wagering, which conveys certain expense efficiencies for UK occupants, contrasted with CFDs.AvaTrade likewise extended its scope of digital currencies, albeit some are not yet accessible in the majority of its stages.
With acknowledgment through their numerous honors and their life span of more than 10 years in the business, AvaTrade emerges from different brokers in excess of one regard.
If a trader emphasizes safety above everything else, this regulated and authorized broker, operating as a part of an international financial group with market capitalization will clearly make an outstanding choice.
With the mind blowing mechanized and manual exchanging arrangements, AvaTrade is a strangely appropriate choice for the progressed, refined proficient. Be that as it may, a learner trader will be satisfied with the well-disposed and available client bolster staff, the natural and simple to-get a handle on interface of the broker and moderately little beginning store necessity. Attempt AvaTrade and shape your own particular sentiment by enrolling a genuine record. Any forthcoming trader will be more than awed by the one of a kind adaptability that recognizes AvaTrade from every one of its rivals.