AvaTrade is a top-notch international forex broker that is part of the AVA Group of companies. Being established in 2006, AvaTrade is one of the oldest online brokers. This Avatrade review gets deep into details of the broker’s trading platforms, mobile app, deposit methods, MT4 integration, and some other aspects. With this information in mind, you will see if Avatrade suits you.
These days, the company has four offices all over the world, including Japan, Australia, Ireland, and the British Virgin Islands. As one of the biggest and most respected online brokers in the world, AvaTrade cooperates with customers from multiple regions, and accepts trading accounts in various currencies. The company also announced a serious cooperation with English Premier League Champions Manchester City, highlighting the brand’s growth and visibility.
Regulation and Reputation
Finding a forex broker that is administered by a well-trusted regulatory agency is of great importance. This aspect signifies a company’s trustworthiness and competence. AvaTrade is most definitely a reputable company, being maintained by several authorities from around the world.
- In Europe, the broker is administered by the Central Bank of Ireland;
- In Australia, the broker is administered by the ASIC;
- In Japan, the broker is administered by the FSA and the FFA.
AvaTrade is among the best online brokers in the industry, especially when it comes to reputation and reliability. No wonder that the company has received several rewards such as “Best Customer Support”, “Best Alert System”, and “Best Financial Derivative Trading Provider”.
AvaTrade Types of Operated Trading Platforms
One of the most important aspects of AvaTrade is the number of trading platforms available to traders. There is literally something for everyone here, whether you’re a newcomer, professional trader, or someone else. The following platforms offered by AvaTrade are:
- MetaTrader 4 platform
- MetaTrader 5 platform
- Meta Trader for Mac
- Meta Trader for mobile trading
- Meta Trader for web trading
- The AvaTradeAct platform
Trading Accounts Offered
AvaTrade accounts are marked with certain simplicity by offering only two account types: a standard account and a demo account. A standard account can be opened with a minimum investment of $100. Experienced traders can open up MAM accounts to easily manage a few accounts for their customers. These types of accounts have the following features:
- Numerous sub trading groups;
- MT4 order types such as stops, limits and close are available
- Compatibility of Expert Advisors (EAs);
- Minimum lot at 0.01 lots;
- Multiple allocation characteristics;
- Order placements for unlimited customer accounts;
- Trade order placements from a master account.
AvaTrade Bonuses and Promotions
The variety of rewards is closely associated with a trader’s geographical location. If you want to know more details, you will need to contact their customer support.
Instruments and Assets
AvaTrade has a wide range of benefits, offering a wide array of financial trading tools. Traders are free to trade:
- Forex: more than 50 currency pairs.
- Cryptocurrency: 9 different cryptocurrencies;
- Indices, Bonds, Stocks, ETFs & Commodities: the highest of leverage and low spreads;
- Options: minimized complexity of vanilla options.
AvaTrade offers excellent customer support via various multilingual options. They include live chat, email, FAQ page, social media, fax and phone. Telephone support is provided in a number of languages and countries all over the globe. The provided support is prompt and informative from local customer support representatives.
Deposit and Withdrawal
AvaTrade provides its customers with a variety of deposit options. Traders may make their investments with credit cards (VISA, MasterCard, debit), Bank Wire Transfers, and multiple forms of E-Wallets such as Paypal, Skrill, NETELLER and WebMoney. The minimum initial deposit for opening up an account is just $100.
Traders can receive their funds via the same banking methods used for deposits. Withdrawals will be processed within 5 business days. Once processed, withdrawals will be finalized as soon as the methods allow them to be finalized. The best method of withdrawal is by applying the Ava Debit Mastercard, which traders can use after the registration.
The Bottom Line: AvaTrade
AvaTrade has many features and functions that are suitable for both amateur and experienced traders. The strongest sides of this Forex broker is an easy and straightforward account opening procedure, a good portfolio of CFD’s items, a great trading platform, and the use of third-party platforms such as Meta Trader. Moreover, the broker provides decent research instruments and banking methods without commissions, which is particularly crucial for traders with limited funds. Thus, Avatrade is a great candidate for a long-term use.