AvaTrade Broker Review 89
AvaTrade is a leader in the online Forex industry with a unique selection of trading platforms and financial instruments. All of the features at AvaTrade combine to create a revolutionary trading experience that gives you all the tools you need to succeed.
Avatrade, established in 2006, is amongst the top Forex brokers in the world. The company has offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. Avatrade is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union. It is also licensed by ASIC in Australia, the Financial Services Commission (FSC) in Japan as well as by the B.V.I Financial Services Commission in the British Virgin Islands. Avatrade provides increased security to clients’ funds by keeping them in segregated accounts. Spread betting and hedging are also allowed. There is no tax been charged on spread betting at Avatrade. The broker offers trading in more than 200 different financial instruments with a leverage of up to 400:1. The broker supports the traditional MetaTrader4 platform for trading and offers two main account types; live and demo.
The company offers two types of account: demo and a live account. Avatrade offers a 21-day demo account for traders just starting off in Forex trading. In the standard account, traders are only required to deposit $100 to get started. Leverage is offered at 1:400. Both fixed and variable competitive spreads starting from 0.9 pips are being offered at Avatrade.
There are four trading platforms available at Avatrade: Metatrader4, Avatrader, Mobile trading, Web trading.
The broker offers the traditional MetaTrader4 as its main trading platform, which involves innovative trading methods. In MT4, traders can run automated trading algorithms. With mt4 software, traders may also test their own strategies on historical data. MetaTrader is an instant application with a quick response, requiring fewer demands on hardware. Although one may take some time to gain complete knowledge about all the options MT4 offers, the software also provides you with all the indicators/charts for advanced level technical analysis, which are essential for profitable trading.
Avatrader is a user-friendly platform that is highly customizable. With Avatrader, traders can place a full range of orders, define stops and limits, can use comprehensive analytical tools, trade alerts and automated trading algorithms. Trading is offered in more than 200+ financial instruments at low fixed spreads. Avatrader provides leverage of up to 200:1. A comprehensive range of orders, alerts & charting tools is available at Avatrader trading platform. Traders can get live support – in their own language – whenever the markets are open. Guaranteed execution of trades with a globally regulated broker is yet another great feature of Avatrader trading platform.
Avatrade web trading platform gives you all the tools you need to trade forex and other financial products at a professional level, along with user-friendly features that allow even beginner traders to feel comfortable. The web trading platform is a user-friendly platform that is customizable, and traders can set its layout and time zone etc. It allows traders to read easy charts, showing the bids and asking prices. Traders can define stops, set trailing stops and limit orders easily. Web trading is supported on all browsers including Internet Explorer, Google Chrome, Opera and Firefox.
The mobile trading platform brings you all the tools you need to trade. The app is supported by iOS, windows and android devices. It is absolutely free to download. It allows traders to trade 200+ forex and CFD instruments using their phone. By opening an account with Avatrade, users can get a bonus up to $10,000. All they need is to select the operating system to download the appropriate app. Touch trading, live quotes, interactive charts, account management, edit open positions, trading history are the special features of a mobile trading app at Avatrade.
Let us tell you that Avatrade is one of the pioneer Forex brokers to introduce CFD trading with modern trading platforms. It has also an edge over the other brokers by introducing digital currency trading as well as granting access to the Bitcoin market to ordinary retail traders.
Avatrade ensures complete transparency pertaining to its trading conditions, which is something we found extremely satisfying.
We also noticed some unique features offered by Avatrade, not generally offered by other brokers. With their CFD Rollover feature, Avatrade allows traders to swap a matured contract price with a new one before the old contract expires, and the difference in price between the two underlying contracts is adjusted. Avatrade also offers access to Trading Central charting tools for traders depositing over $1,000, and allows them free withdrawals.
The website is unique, user-friendly and simple in design. It supports English, French, Italian, Spanish, French, German, Portuguese, Arabic, Russian, Japanese, Chinese, and Taiwanese. Traders have the option to select their preferred language to visit and explore the website.
Avatrade Promotional Offer
Avatrade offers a very generous bonus to clients opening a new account. Traders receive a bonus starting with $40 for a $200 deposit and going up to $10,000 for a $50,000 deposit.
In addition, there is an exclusive program named Ava Select program. The clients making a single minimum deposit of $100,000 or those that exceed $100,000 in trade volume are offered tailored educational programs, express withdrawal approvals, a dedicated Ava Select hotline, customized trading terms and other special gifts.
Besides the benefits offered to those participating in the Ava Select program, Avatrade offers its traders certain benefits that include free access to a vast catalogue of online courses and live webinars accompanied by daily analysis.
Other learning tools that are offered at Avatrade includes the eBook, “Forex Trading Strategies” which helps readers to understand how to identify trends from news and technical analyses, teaching them how to make more informed trading decisions.
The live market news is also posted on Avatrade’s platform.
The ‘economic indicators’ section provides information about world economic indicators. They have been categorized in a user-friendly format. U.S. Economic Indicators issue everything from the inflation rate to the NFPs. The European Indicator page allows clients trading EU instruments access to breaking news from the EU section whereas the Asian indicator section will focus on breaking news from China, Japan and the Pacific Rim.
A range of methods for deposits/withdrawals are available at Avatrade, including Skrill, PayPal, Netteller, Wire transfers etc. You only need to log into your account and click the withdrawal button, the funds get transferred to the associated account of traders after being processed.
Avatrade offers all time available customer support to all of its clients. Well behaved and sophisticated staff is available to assist clients 24/5. Customers can contact them using different modes offered at Avatrade such as live chat, email and telephone. An online contact form can also be used to contact them if required.
We researched and reviewed Avatrade thoroughly and realised it is one of the best brokers available in the industry. Not only do they offer a viable leverage plus a competitive spread, they also allow traders to open a demo account offering them a welcome bonus and provide excellent customer support. We, therefore, mark them as the best broker we came across and advice traders to invest with them confidently and personally realize their excellent services.