AvaTrade Review
Overview
Company Information AvaTrade is among the older Forex brokers. The company, established in 2006, is now in the top ranks of people’s choice. It’s not easy to be a leader,… more
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| Broker | AvaTrade |
|---|---|
| Website URL | http://www.avatrade.com/ |
| Founded | 2006 |
| Headquarters | Dublin, Ireland |
| Support Number | 1-888-541-3720 |
| Support Email | cs@avatrade.com |
| Support Types | Phone, Live Chat, E-mail |
| Languages | English, Spanish, Arabic, Taiwanese, Russian, Hungarian, French, German, Swedish, Japanese, Finnish, Italian, Portuguese, Chinese, Korean, Polish |
| Minimum Trade Amount | 0,01 lots |
| Maximum Trade Amount | - |
| Free Demo Account |  |
| Regulated | |
| Regulation | Central Bank of Ireland; MiFID |
| Account Types | Real, Islamic |
| Deposit Methods | Credit/Debit Card, Bank Wire, Paypal, Skrill, Webmoney, Neteller |
| Withdrawal Methods | Credit/Debit Card, Bank Wire, Paypal, Skrill, WebMoney, Neteller |
| Types of Assets | Forex, Bonds, Indices, Equities, Commodities |
| Account Currency | USD, EUR |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
Full Review
Company Information
AvaTrade is among the older Forex brokers. The company, established in 2006, is now in the top ranks of people’s choice. It’s not easy to be a leader, especially with the fierce competition every year. New Forex brokers are coming out almost every month and staying competitive, you have to do your absolute best. AvaTrade’s success should be a staple. The company has offices in the main cities like Dublin, New York, Sydney, Tokyo, Milan and others. Being an Irish broker, AvaTrade is regulated by the Central Bank of Ireland and is licensed by MiFID in the European Union. In Australia, it’s regulated by ASIC, in Japan by the FSC and the B.V.I. Financial Services Commission in the British Virgin Islands. As you can already see, lots of regulators have their eye on AvaTrade’s business, so the playing field is quite level. Like many other Forex brokers, AvaTrade hosts an enormous volume of learning and training materials aimed at novices and journeymen alike. If you want to learn, you can do so for free. After all, a trading platform’s success is decided by the overall success of its customers.
AvaTrade’s website is immaculate looking. It’s easy on the eye with the white, blue and green colors and all the buttons are in the right places. From the main page, customers can access the large learning library, as well as any little bit of information they might need. You can read about the safety of your funds, the awards won by the broker, the bonuses, and account types and even get into marketing analysis on your own. You can also read a variety of news and articles, prepared by prominent professionals for you, the readers.
Trading Information
AvaTrade offers over a hundred instruments you can trade with. A good broker knows variety is the spice of life, so AvaTrade offers trading with Commodities, Metals, oil, and gold, CFDs, indices and binary options as well. The commissions are fixed, and the spreads are floating. The maximum leverage you can reach is 1:400, which is a good average number. There are a large number of orders on AvaTrade, including Entry limits, Stop Loss orders, entry stops and trailing stops. Advanced orders are also freely available. AvaTrade offers only one account type, which is accessible with a minimum deposit of $100. However, this account gets upgraded the more your trade. On $1000 you get a gold account, which has access to market analysis and daily signals by Trading Central. On $10000 you receive a Platinum account which gets a Direct Dealing room. The highest level of the mind is gained at $100000, and it’s called the Ava Select. With it, you receive special flexible trading conditions, otherwise locked for the lower account types. This is a good way to keep clients happy.
Trading Platforms
AvaTrade offers two trading platforms – MetaTrader 4 and AvaTrader. The widely acclaimed MT4 offers flat transparent pricing from 0.8 pips, rapid execution, and flexible lot sizes – from 0.01 micro lots. Aside from that, you also gain access to free auto-trading and availability on most, if not all, mobile devices you might use. MetaTrader 4 is a very intuitive platform and offers all the essentials you need to get started in Forex trading. The company’s signature trading platform, AvaTrader, is extremely customizable. With it, you can utilize a vast number of orders, stops, and limits and make good use of an array of analytical tools, trade alerts, and some automated trading routines. You also get access to the 200+ financial instruments at competitive fixed spreads. This platform is also available on desktop and mobile devices.
Security and Customer Service
AvaTrade offers a rarely matched level of funds security. The company holds your funds separately from their primary accounts. The funds are then maintained by Danske Bank, one of the A-rated European banks. The said bank has the sole authority to manage and transfer your funds, meaning the broker cannot misuse your money. Sadly, this makes withdrawing finances a bit slower – up to 5 business days. However, the security level is worth this delay.
Customer service is available in over 15 languages. You can contact the customer support team by e-mail, phone and live chat. The department works 27/5, so you can get fast and easy help whenever you need it. Overall, the service is excellent, and the support agents answer quickly and competently.
Deposits and Withdraws
Depositing funds to your account is a breeze. You can transfer money to credit card or bank wire transfer. To store with a credit card, you need a certain set of documents you need to provide. Security goes two ways. Withdrawing funds happen the same way; you can use either a credit card by most major providers or a bank transfer. Both options are very safe, and you should choose whichever option is most comfortable for you.
Deposit Bonus and Loyalty Programs
AvaTrade currently offers a nice bonus to your deposits. For any sum up to $5000, you get a 50% top up. However, the higher you go with the deposit numbers, the lower the bonus gets. Still, for depositing more than $50000 you still get a 25% bonus which is huge. Sometimes the broker runs small competitions where you can win individual cash rewards. Overall, the AvaTrade Forex broker is great, and you should try it out!
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