Avatrade Review
AvaTrade Review 2020
Looking for a broker to begin your trading journey? Lots of people out there are discovering the joys of trading. You don’t need any qualification, certification or skill to get started. There are no fixed timings that have to be followed. You can be your own boss and can control how much you earn because it depends on how much you invest. This does sound appealing, but most people come to know later on that they do need to find a broker to trade. These brokers are your bridge to the trading world and you need to pick one you can trust because they will handle your money and personal information.
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When you do a search, many names will pop up and one of them is AvaTrade. This is one of the leading brokers and belong to the AVA Group of companies. It is one of the oldest online brokerages since it was first introduced in 2006. There are four offices of the company in different parts of the world, which are Japan, Australia, the British Virgin Islands and Ireland. As it is one of the most respected and largest brokerages in the world, it offers its services to clients from numerous areas and accounts can be opened in different currencies.
Reputation and Regulation
It is of the utmost importance to opt for a broker that’s regulated by a reputed financial institution because this can help in ensuring the competence and trustworthiness of the broker. AvaTrade is undoubtedly a reputable firm, which is regulated by several agencies all over the world. It is regulated by the Australian Securities and Investment Commission (ASIC), the FSA, FSB and the Central Bank of Ireland. In terms of reputation and reliability, AvaTrade is one of the best online brokerages.
Availability of Multiple Trading Platforms
The number of trading platforms that AvaTrade is offering to its clients is undoubtedly impressive. Literally everyone can find something here, whether you are a beginner, a seasoned veteran or a professional. As AvaTrade is one of the oldest brokers in the industry, it is a given that they would have the most reputed trading platform available i.e. MetaTrader. In fact, they offer several versions of the MetaTrader platform, which include the MT4, the MT5, MetaTrader for mobile trading (an app is available), MetaTrader for Mac and MetaTrader for web that’s accessed via the browser. There is also a proprietary trading platform called the AvaTradeAct platform.
Apart from these platforms, this brokerage also has a number of automated trading software for suiting the needs of every trader. These include Mirror Trader, RoboX, Duplitrade, API Trading and MQL5 Signal Service.
Choice of Account Options
Something unique about AvaTrade is that the broker has kept things simple when it comes to account types. Its offerings are not very elaborate here, but this doesn’t mean that they cannot meet your needs. Two account types are provided, which means a standard account and a demo account, respectively. You can open a Standard account by depositing as little as $100 when opting for credit cards. If you are using wire transfer, you have to deposit a minimum of $500. Apart from these accounts, AvaTrade has also accommodated Muslim traders by offering a ‘swap free account’, which operates in accordance with the Islamic Sharia Principle.
Assets and Instruments Offered
This online brokerage excels in offering traders a variety of trading instruments and assets to invest in. If you want a diversified portfolio, you can choose to invest in forex currency pairs. You can trade major, minor and exotic currency pairs and competitive spreads are offered. AvaTrade has also added cryptocurrencies, which are the latest trend, to their asset index. You can trade numerous cryptocurrencies, which include Bitcoin, Ripple, Ethereum and Bitcoin Cash, amongst others. Other than these options, you can also trade options, bonds, indices, commodities, ETFs and stocks.
Ease of Deposits and Withdrawal
A variety of deposit options are provided by AvaTrade for the ease of their traders. You can use your debit or credit cards for funding your account, which includes both Visa and MasterCard. Bank wire transfers are also supported. In addition, the broker has added e-wallets for the convenience of its clients, which include Neteller, Skrill, PayPal and WebMoney. As far as withdrawals are concerned, the traders can use the same methods for doing so. These requests take 5 days to process. If you are looking for the fastest withdrawal method, you should know that it is the Ava Debit MasterCard.
Competitive Spreads
The good thing about signing up with AvaTrade is that they offer very competitive spreads and they are constantly making an effort to reduce them as much as possible. This is a major game changer because these spreads have a big impact on your trading costs and your profits. AvaTrade has made some huge strides in the crypto market as they have slashed their spreads by almost 50%. They are gaining confidence in the liquidity of markets and this allows them to be braver with the spreads.
Impeccable Customer Support
Another important thing you should know about AvaTrade is that they give excellent customer support through a number of multilingual options. Some of the channels that you can use for reaching out to the broker’s representatives include email, social media, live chat, telephone and fax. They provide telephone support in different languages in countries all over the globe. Their support staff is informative and prompt and they make every effort to solve your problem right away. They also have an FAQ page where you can find answers to any questions you may have.
Conclusion
AvaTrade has been facilitating traders for more than a decade and helping them invest in a variety of trading instruments. The selection of platforms available ensures that every trader can find what they are looking for. Plus, the educational resources, the trading tools and the courses offered by the broker make the process simpler and easier. It is a regulated broker so you can trade with confidence.
| ROBOT | RATING | INFO | TRADE |
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88% win rate – Not a Scam $250 Min Deposit Accepts Debit and Credit Card |
Trade Now |
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