AvaTrade Company Overview
Forex broker AvaTrade was founded in 2006 and now AvaTrade has become one of the most reliable Forex brokers, providing online trading services around the world. AvaTrade offers a wide range of affiliate programs, the ability to trade in currencies, cryptocurrencies, stocks, indices and ETFs. With AvaTrade, you will get a good partner for your financial investment.
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Reliable companies are confirmed by licenses. Forex broker AvaTrade received a number of accreditations: the Central Bank of Ireland, the British Virgin Islands, Australia (ASIC), South Africa, Japan (FSA and FFAJ). This indicates a thorough organization and trustworthiness of this company. Since 2007, the broker demonstrates its reputation by receiving positive feedback from customers.
AvaTrade Services Features
This is what the AvaTrade broker has to offer the traders:
- access to more than 250 trading instruments (currency pairs, stocks, cryptocurrencies, indices, commodities);
- trading on a PC, phone or tablet using MetaTrader 4 and AvaTradeGo, as well as through the MetaTrader 4 Web platform. For automated trading, there are Zulu Trade, DupliTrade and other solutions;
- low spreads;
- leverage: 1:400;
- minimum deposit: $100;
- safety of trader’s funds;
- existence of regulation: EU, Japan, South Africa, Australia and the British Virgin Islands;
- deposits and withdrawals: without commission (not every broker offers this);
- round-the-clock customer support (except weekends) in: multiple languages;
- deposit bonuses up to: $10,000
- trading information and tools for better trading experience.
Accounts
AVATrader offers a variety of account types. There are a demo and standard accounts for beginners and regular traders. VIP and Professional accounts are available for those who take trading seriously. Partner account and other accounts for specific trading instruments are also presented. AvaTrade Islamic account is another feature of this broker.
Deposits/Withdrawals
AvaTrade is one of the few most reliable brokers in the world. This is confirmed by its reputation, the presence of regulation on all continents, where the broker provides its services. You do not have to worry about the safety of your funds and the withdrawal of profits, no matter the amount. In addition, deposits and withdrawals are carried out without a commission, which makes it easier to earn money. To make a deposit, customers can use the following payment systems:
- Webmoney;
- Skrill
- Bank card Visa/MasterCard;
- Bank transfer
- PayPal
- Neteller
Avatrade Trading Platforms
AvaTrade offers several different trading platforms. The famous MetaTrader 4 and its newer version – MetaTrader5 are designed for Forex and CFD trading. If one wants to trade options, they must use the AvaOptions platform. In addition, there is a platform for social trading (DupliTrade) and one platform for learning how to trade (Sharp Trader). AvaTrade offers everything traders, from beginners to professionals, need to successfully trade in the markets.
Customer Support
AvaTrade has offices around the world – in Ireland, Italy, France, Japan, Spain, China and Nigeria. The broker is focused on the international market, and therefore customer support is carried out in 9 languages. The official website is also available in several languages: English, French, Italian, Spanish, French, German, Portuguese, Arabic, Russian, Japanese, Chinese, Taiwanese. Customers can use the online chat, indicating the language for communication and their contact information, to contact representatives of the AvaTrade. Alternatively, they can contact the company by phone listed on the official website. There is also a FAQ page that is very informative and well organized.
| Year Founded: | 2006 |
| Official Website: | www.avatrade.com |
| Official social channels: | AvaTrade on Facebook, AvaTrade on Twitter, AvaTrade YouTube channel |
| License/Regulators | Central Bank of Ireland and the MiFID Directive ASIC (Australia) B.V.I (British Virgin Islands) FSB (Africa) FFAJ and FSA (Japan) |
| Liquidity Provider: | UniCredit, NatWest and Barclays |
| Safety of Funds: | Segregated accounts 256-bit encryption (SSL) and True-Site printing ICCL Investor Compensation Company |
| Deposit Currency: | USD, EUR, GBP and AUD |
| deposits/Withdrawals | Bank cards and transfers, electronic payments |
| Min. Deposit | $100 |
| Spreads/Commissions: | Fixed/floating spread |
| Account Types: | Standard and professional accounts, Islamic account, Demo account |
| Leverage: | From 2:1, but not more than 400:1 |
| Platforms: | MetaTrader 4, MetaTrader 5, AvaOptions, AvaTradeGO, automated trading, Web/Mobile/Mac trading |
| trading Instruments | Forex, Options, CFDs, Cryptocurrency, Indices, Commodities |
| Language: | Multilingual |
Account Information
AvaTrade has several account types. No matter which regulator you choose, your account is protected by a negative balance protection. The broker will automatically stop you at the margin limit. Thus, your account balance will not be negative. A dispute settlement service is available for standard accounts.
It takes only a few minutes to open an account with AvaTrade. Just enter your personal data and click Sign Up. AvaTrade will ask additional customer information, but it depends on the regulator. For example, traders who want to trade with European regulation must upload an ID/Passport and a utility bill to verify their identity.
Traders can choose between a standard and a professional account. After meeting specific requirements (volume and trading frequency), traders can switch to a professional account. Better leverage and PAMM/MAM account management features are just some of the benefits of this upgrade.
You can also open a demo account and gain experience in trading without any risk. This is an account with virtual money that simulates trading with real money. Traders can practice on the platform to learn more about financial markets. In addition, advanced traders can try new markets for trading or new strategies. The demo account is active for 21 days (the Duplitrade platform allows for 30-days of demo use).
EU based traders also have access to a spread betting account. Crypto account and options account are also available. A premium level trader with a deposit starting from $10,000 will qualify for a VIP account and lower spreads. Individuals who follow the principles of Shariah law can open an Islamic account, which is a great feature of this broker. Those who would like to cooperate with AvaTrade can open a partner account.
Instruments Traded
AvaTrade is constantly expanding the list of assets available for trading. The company was one of the first to provide CFDs on commodities, indices and stocks. It was also among those who became the first to offer ordinary traders contracts in the cryptocurrency market (contracts for Bitcoin, Litecoin and others).
Forex:
First of all, one can trade on the Forex market. This is an international currency market with billions in turnover daily. The traders can access about 60 currency pairs, as well as standard options and pairs of five cryptocurrencies: Bitcoin, Lightcoin, Ethereum, Ripple, Dash. Traders are given the leverage of up to 1:400, and the spread is from 0.8 points.
CFDs
AvaTrade gives an opportunity to trade on the CFD market. This is an exchange speculators’ instrument that has gained popularity in recent years and is related to the so-called financial derivatives. One can trade CFDs on Forex currency pairs, leading stock indices, including, for example, S&P500, commodities (gold, metals, energy, agricultural products), stocks of leading world companies, including IPO, ETF exchange funds. When trading CFDs, traders are given leverage up to 1:200.
Cryptocurrency
AvaTrade is one of the best cryptocurrency brokers. One can trade more than 10 different crypto instruments using leverage and invest in rising or falling markets. AvaTrade has several advantages over regular crypto exchanges. Traders can trade Bitcoin, Bitcoin Gold, Bitcoin Cash, Ethereum, Litecoin, Ripple, Stellar, IOTA, NEO, Dash, and EOS.
Education
AvaTrade pays special attention to trading education and training. The company’s website has a separate section in which there is a wide variety of materials for learning more about trading. The Education section of the official website will give access to the following resources:
- Basics of technical analysis;
- Economic calendar;
- Financial analytics – diverse reports and expert forecasts;
- Video lessons for traders with different levels of training, incl. the use of trading platforms;
- Free e-book about Forex trading;
- Ability to open a demo account;
- and much more.
Bonuses and Affiliate Programs
When the traders make the first deposit, they can receive a bonus of $40 for a deposit equal to $200 and up to $10,000 for a deposit equal to $50,000. This bonus can be used in trading on a par with own funds and profit can be withdrawn at any time.
AvaTrade offers to take advantage of the affiliate program, which allows to not only receive payments but also to receive a number of useful options, including a personal manager, a wide selection of commission, promotional support from a broker and risk management system.
AvaTrade Fees
Unlike some brokers, AvaTrade is transparent about its fees. AvaTrade only finances itself through a market spread and has no hidden charges. Traders can choose between variable or fixed spreads. Another fee that traders can occur is the inactivity fee. The free in the amount of $25 is charged only after 6 months of inactivity. Thus, AvaTrade fees are very low and all trading fees can be seen on the trading platforms.
Trading Platforms
MetaTrader4 and MetaTrader5
The main trading platform that the broker offers is MetaTrader4 and recently added MetaTrader5. The platform is available for mobile platforms and various OS. It is possible to trade in the web version and use the function for managing multiple accounts. Technical indicators and charts are also available.
AvaOptions
This is the broker’s own trading platform with which you can trade options on currency pairs and combine options with spot transactions. Moreover, these are real options with the ability to choose the expiration period, from 1 day to a year. Important platform features include:
- Ability to combine put, spot and call options in one space
- Choice of instruments and the ability to create a portfolio
- For options, one can place any type of order – StopLoss, TakeProfit and Limit
- Web version available.
AvaTradeGO
This is an application for mobile devices from the AvaTrade. Using the application, one can manage trading accounts in the same way as with the application for MT4.
Automated Trading
Copy-trading service is available directly from the MT4 platform. AvaTrade allows one to use trading accounts to copy MQL5 signals. The advantage of this type of investing is that you do not need to trade yourself.
Social Trading with ZuluTrade is an alternative to copy-trading. Social trading is more flexible in that one does not have to pay a fixed amount for a subscription. The investor pays only a percentage of profit transactions. Main advantages:
- Ability to manage investments through a web platform and mobile applications
- ZuluGuard function – protection is triggered when a risk limit is set or the trader changes trading strategy
- $500 is enough to start investing.
Social Trading with DupliTrade – another provider of signals that one can synchronize an account with. DupliTrade service is no different from ZuluTrade service, with one exception – a minimum investment to start trading is $2,000.
