Avatrade

Min. Deposit: $100
EUR/USD Spread: Fixed and floating
Regulation: MiFID, ASIC, CBI, FFA, FSA, FSB
Accepts US Clients: No
Platforms: MT4, AVaTrader, ZuluTrade, Mirror trader
Web trading: Yes
Mobile trading: Yes
Live chat: Yes
Currencies accepted: USD, EUR, GBP
Overall Rating: 4.04/5

Avatrade REVIEW

AVATrade is an online trading company started in the year 2006. It provides a spectrum of trading services such as forex commodities, stocks, and indices. The company has its headquarters in Dublin, Ireland and also has local offices in Paris, Milan, Sydney, and Tokyo. AVATrade provides trading services for more than 150 countries all over the world. However, clients from the USA or Quebec can't trade with AVATrade. Customers from other parts of Canada can still trade with the company without any issues. With trading volumes exceeding $60 billion per month, AVATrade has emerged as a pioneer in online forex trading.

LICENSING AND REGULATION

AVATrade is a regulated and licensed firm to carry out forex trading and CFDs for various assets such as stocks, commodities, ETFs, indices, and bonds. The regulatory bodies have strict rules regarding client asset management, protection of client funds and regular financial reporting. AVATrade EU Ltd is regulated by the Central Bank of Ireland with license number C53877. It is also licensed by Markets in Financial Instruments Directive (MiFID). Ava Capital Markets Australia Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC) with license number 406684. AVATrade Ltd is fully licensed by the British Virgin Islands Financial Services Commission. AVATrade Japan K.K. is licensed by Financial Services Agency and Financial Futures Association of Japan. Ava Capital Markets Pty Ltd is regulated by Financial Services Board (FSB) in South Africa.

RELIABILITY

When a forex trading company undergoes the detailed process of obtaining a regulatory license, it is trustworthy. AVATrade has been in the forex business for about 10 years and the company is licensed by various authoritative bodies. The European traders can easily benefit from the services of the company. Forex companies that don’t maintain fair business policies are subject to cancellation of regulatory license. There are fewer complaints against AVATrade, which means that it is a reliable broker for non-US clients.

MONEY PROTECTION

AVATrade declares on the website that it is a subsidiary company that has almost $17 billion as market capitalization. This essentially means that the financial position of the company is strong enough and it is not likely to go bankrupt anytime sooner. The EU has extensive requirements on regulating financial institutions. AVATrade has its headquarters in Ireland and it is subject to all the conditions of EU. The client funds are always kept in segregated funds and it is not used for running everyday business chores. Highly secure servers are used with encryption to protect customer transactions and personal data.

ACCOUNT OPTIONS

Like any other forex trader, AVATrade provides two account options – Demo and Real account. However, you can become a silver, gold or platinum member depending on the minimum deposit you can afford. Educational resources available are common for all types of account holders. Free withdrawals are allowed on all 5 days a week. Access to market news and debit card is also available for all types of accounts. Additional features such as Trading Central market analysis, daily signals, direct dealing rooms are available for advanced users. To start a real account, you need a minimum of $100. For gold and platinum accounts, you must deposit at least $1000 and $10,000 respectively. Premium traders can enjoy flexible benefits and customized trading services including custom made educational programs, express withdrawals, dedicated hotline help, special gifts and customized trading benefits. To qualify as an Ava Select trader, you must deposit a minimum of $100,000 or carry out at least $100 million in trade volume. This membership is provided on a quarterly basis for select customers. This tiered account options is suitable for traders with different trading experiences. Advanced and professional traders who can risk a huge capital expect premium services and AVATrade delivers customized trading solutions. It is much better to trade with a forex broker who has an exclusive hotline for elite traders. Newbie traders can, however, benefit from the vast educational resources to improve their performance.

BONUS AND OFFERS

AVATrade provides deposit bonus just like the other forex brokers. The higher the deposit, the greater is the bonus amount. A minimum of $100 bonus is available for deposits with a minimum value of $500. A maximum bonus of $3000 is available for deposits as high as $10,000. However, the bonus is applicable only for accounts with base currencies as USD, EUR or GBP. The demo account is loaded with the virtual money of $100,000 using which you can practice risk-free trading using real-time trading data. The most important feature of AVATrade account is the availability of educational resources. Videos are available in a wide range of topics, useful for all levels of traders. The webinars are also extremely useful to update your knowledge on latest trading strategies. Ebooks are also available for traders who want to take their own time to understand the market. Market analysis is directly available to the traders to help them make better trading decisions every time. The AVAtrader platform comes with its own Autochartlist mailer to help traders understand the everyday market conditions quickly.

TRADING PLATFORM

AVATrade is one of the best brokers if you prefer to use an advanced trading platform. It is rare to find brokers offering multiple choices for trading platforms. The Metatrader 4 platform provides a comprehensive approach to any trading strategy of your choice. You can integrate automated trading software and EA for auto-trading. Mobile trading is supported by on the respective iOS and Android apps. The trading platform for Mac is a browser-based version compatible with all types of browsers. The AVAOptions is an exclusive trading platform for options trading. It is simple to trade OTC Vanilla Calls and Puts using this platform. The Mirror Trader allows you to use the copy trading strategy so that you can also mirror the results of experienced traders. ZuluTrade is a useful social trading platform that makes it possible to use the peer-to-peer trading system. Signal Trader is another popular trading platform used by expert traders with profitable trading strategies. MQL 5 Signals is a popular auto-trading community. With AVATrade account, you can gain free access to the MQL5 signals directly from your own trading platform. For mobile trading, AVATrade provides two options. You can download the mobile version of Metatrader or AVATrader apps. The mobile trading platform supports trading of 200+ commodities for forex and CFD trading. Interactive charts are available in the mobile trading apps also.

DEPOSIT AND WITHDRAWAL OPTIONS

The minimum deposit to open an account with AVATrade is $100. The maximum leverage offered by the trader is 400:1 and it depends on the asset you trade. The higher leverage makes it possible to win a huge amount of money. At the same time, you should remember that a higher leverage also means that you can lose your money fairly quickly. You can deposit money through multiple options such as Paypal, Moneybookers, NeTeller, WebMoney, etc. AVATrade simplifies withdrawals with an exclusive AVA Debit Card as some withdrawal process requires 5 days to complete. You can also use other withdrawal options to withdraw money to your account.

COMMISSIONS AND SPREADS

AVATrade doesn’t charge any commission for trading any asset. You only have to deal with the spreads according to the traded asset. The minimum pips range from 3-7 pips based on the type of asset. This makes it possible to trade more without worrying about paying a chunk of your profit as a commission for the broker.

CUSTOMER SUPPORT

AVATrade provides superior customer support in multiple languages. You can send emails or fax about your concerns. You can also use the live chat with multi-language support. If you prefer talking over the phone, AVATrade has several local international numbers to provide customized support for clients from different countries.

POTENTIAL CONCERNS

AVATrade stands out as a customizable forex broker with multiple choices of trading platforms and multi-language customer support system. There are hardly any concerns because this broker is an ideal choice for newbie and advanced traders.