Introducing one of the World’s Top Forex Brokers – AvaTrade
- Website: www.avatrade.com
- International Support: +1-212-941-9609
- Office address:
- AvaTrade Financial Centre
- Five Lamps Place, Amiens Street, Dublin 1
When you’re looking for a Forex broker to trade with, it’s important you spend some time reading all the latest reviews. Finding the right partner for your Forex trading journey should play an initial part in your plan. And even if you’ve already been trading for a period of time, there’s nothing wrong with getting a feel for the competition, and seeing if there is anything worth making you change your current Forex broker.
Here, in this AvaTrade Forex broker review, we’ll be looking at some of the benefits you can expect from such a big name in the business, and what is currently on offer for both new and existing investors.
A look into the background of AvaTrade
The AvaTrade Group specializes in the online trading of currencies, commodities, CFDs, and indices. It is regulated and licensed to operate in a number of different countries. This includes:
- Central Bank of Ireland under reference number C53877
- Australian Securities & Investments Commission under license number 406684
- Financial Services Agency of Japan & Financial Futures Association of Japan under license number 1574
- Financial Services Commission of the British Virgin Islands (B.V.I)
- Regulated by Isreal Securities Association
- Financial Sector Conduct Authority of South Africa under license number 45984
- Financial Services Commission of the British Virgin Islands
- Abu Dhabi Global Markets Authorities (ADGM)
In addition, AvaTrade collaborates with leading Canadian broker Friedberg Direct, a division of Friedberg Mercantile Group Ltd. This collaboration allows Canadian forex traders to access Avatrade’s platforms and technology safely and securely, through an account managed by Canadian regulated broker.
At the moment, Avatrade does not offer its services in the United States.
Features that make AvaTrade stand out from the crowd
AvaTrade offers a diverse and rich automated trading package, which is certainly one feature that has made it so popular in recent years. Bundled into its standard trading software package is the popular ZuluTrade system, Ava AutoTrader system along with an advanced array of various APIs. Many companies offer this type of autotrading experience but AvaTrade give it to their ordinary customers for free.
Avatrade also received recognition for being one of the first Forex brokers to introduce CFD trading on commodities, indices, and stocks. And it managed to pip many brokers to the post when it came to trading the new digital currency the Bitcoin.
A range of trading platforms from AvaTrade
AvaTrade manages to cater to the needs of a wide range of traders with a great array of trading platforms, for both manual and auto trading. All platforms come with a range of instruments as well as analytical tools, charts, and indicators. There is the ever popular MetaTrader 4, along with AvaTrader, AVAOptions, Web Trading and AvaTrade Mobile trading platform.
Opening an account with AvaTrade
There is only one real money account offered by AvaTrade, requiring a minimum deposit of $250. The process is pretty simple with only a few personal details required and a few basic choices. You get to choose the trading platform and base currency for your account that will be reflected in all reports, trading calculations, and funding. The other option with AvaTrade is the ubiquitous demo account, which we’d always recommend you try first before depositing some of your hard earned real cash.
AvaTrade offers leverage at 400:1, along with fixed, floating, and variable spreads which start at 0.9 pips. Pretty competitive when you compare them with some of the other Forex brokers around.
A range of benefits to make trading with AvaTrade more enjoyable
AvaTrade offers a first time deposit bonus of 20%, so if you deposit $200 there will be a $40 AvaTrade bonus, a $1,000 deposit will earn $200, and so on. If you like your experiences with AvaTrade and think a friend might too, then you can earn a referral AvaTrade bonus of up to $400 every time a friend becomes a customer.
And let’s not forget the great package of trader benefits including educational courses, webinars, free withdrawals, and much more.
Many of the modern Forex brokers offer a package of offers for the best customers and AvaTrade is no different with their Ava Select program that requires a minimum deposit of $100,000 or in excess of $100M in trade volume. Ava Select customers enjoy express withdrawal, customized trading terms and benefits, and a tailored educational program.
Multi-lingual support service
Between the hours of 21.00 GMT on Sunday, and 21.00 GMT on Friday there is a multi-lingual support team available at the end of the phone, via email, or by utilizing the live chat option on the website.
A low minimum deposit and wide range of payment methods mean that trading with AvaTrade is readily accessible. Major credit and debit cards are accepted, as well as wire transfers. There is also an Ava debit card for live account holders to make use of that ensures security of personal financial details.
So let’s sum up this AvaTrade review by saying that this name has made it very easy for traders to get everything they need, quickly and easily. There are a few little additions to the site that mean a trader will feel less overwhelmed by all the information, such as order types being broken down into smaller sections. The experience offered is certainly very flexible, with plenty of choices both in trading platform options, and range of currency pairs.
AvaTrade have become a leader in the Forex trading market and have something for everyone, regardless of experience and account balance. The company is very transparent, which is always a good quality to look for in a Forex broker, and security issues won’t feature highly in any traders list of problems.