What is Avatrade?
AvaTrade represents the CFD brokerage company launched in 2006. This famous CFD online forex broker is based in Ireland, the city of Dublin. Avatrade offers trading assets such as forex, commodities, market indices, bonds, crypto, equities, and Exchange Traded Funds. Since the establishment of AvaTrade, the company has rapidly expanded to serve almost 350 000 clients worldwide.
We gave a very high rank to this forex broker on our best forex brokers reviews page, because we are its clients since 2007 and till now we have realized all Avatrade advantages and excellent cooperation of polite company staff.
The company executes over two million transactions monthly. It always goes beyond the mark of $60 billion in total value. In this AvaTrade forex review, Avatrade is a company with a customer-oriented focus and a solid financial background, enabling its customers a full range of products and services. This is evident from the diverse trading platforms that AvaTrade avails and has gained support from global support staff available five days a week. Apart from the leading centers in Ireland and Dublin, the company also operates in big cities like South Africa, Tokyo, Sidney, Nigeria, Milan, Ulaanbaatar, and Paris. In this Avatrade Review, we will now analyze the main characteristics of this broker.
Is AvaTrade Regulated?
Yes, AvaTrade is a regulated broker with the following Avatrade licenses:
- The Central Bank of Ireland, (Reference No.: C53877) Avatrade EU Limited
- AVA Trade EU Ltd operates a Polish Branch under the AvaTrade EU authorization (#693023)
- Japan’s Financial Services Commission – the Financial Futures Association of Japan (License No.: 1574).
- Australia’s ASIC – Australian Securities & Investments Commission (License No.: 406684)
- South Africa license FSCA 45984
- Israel Security Authority 514666577
- Middle List regulation Financial Regulatory Services Authority (FRSA 190018).
- Worldwide – British Virgin Islands Financial Services Commission (SIBA/L/13/1049)
Is Avatrade legit?
Avatrade is a legit broker regulated in Japan, Ireland, the EU, Australia, the Middle East, and worldwide. This broker is one of the first brokers founded in 2006, and during all these years, this company created an excellent reputation and strong brand.
Does Avatrade accept US clients?
No, Avatrade does not accept US clients because Avatrade is not regulated in the USA. This broker does not have a US branch and based on the latest news, Avatrade does not plan to open a US branch shortly.
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Is AvaTrade Good? – AvaTrade Reliability
AvaTrade has been a broker operating for more than 16 years and has established a good reputation in the online trading community as a reliable broker and one with integrity. Avatrade experience is the most crucial advantage of this forex broker. The broker is also regulated and authorized and complies with even the regulatory requirements that are the strictest. The broker offers its traders an environment that is regulated and safe, which they trade with peace. The company has explicit authorizations and licenses from Jurisdictions like Japan, Australia, South Africa, the European Union, and the British Virgin Islands. AvaTrade has won various recognition awards since 2009 for its reliable record and achievements. Best Customer Support, Best Financial Trading provider, Best Forex Trader, and Best Alert System are just a few of its awards since 2009.
Avatrade User dashboard
Avatrade offers a simple and easy navigation user dashboard. Traders can easily in contact support each second, and response is fast. Below is presented my user Avatrade dashboard:
How Does Avatrade Work? – AvaTrade Platforms of Trading
AvaTrade has made several trading platforms for its customers, making it the most beautiful thing about the broker. The company’s customers have got eight platforms of trading to select from addition; the broker has the MetaTrader platform for mobile trading, Mac, Floating spreads, web trading, and MetaTrader 4. The other platforms are the automated trading platform and the AvaTradeAct platform.
AvaTrade platform download
The platforms are also available for mobile phone devices. The broker supports the technology of iOS and Android as well. The customers or traders have a choice between AvaTradeAct and MetaTrader platforms. To be suitable for beginners, the broker also provides automated trading, which offers tools that can help improve trading profitability for beginners. Those traders who do not have experience in trading can get platforms with automated trading helpable to mirror or copy those trades done by traders experienced. This is also helpful in boosting the beginners’ confidence level, making them engage more in trading activities.
Mirror trader Avatrade
AvatradeGO is a trading tool for mobile trading that is highly customizable and simple, enabling traders to make automatic trades according to their preferred style. For Mirror Trader, the client can mimic traders’ experiences even without access to the computer. The tool allows users to select the amount of trading to be automated and manually controlled. Zulutrade enables clients to convert recommendations of the traders that are experienced automatically into dreading decisions. MQL5 signal service allows a user to access one of the most significant communities of auto trading. It is an account for free and allows a trader to copy from several signal providers globally after subscription. Finally, API trading is for those clients with solid programming skills, whereby they can develop their customized solutions of trading and link them to the platform of AvaTrader securely.
MetaTrader – MetaTrader 4 is one of the world’s most widely used trading platforms. It is specially designed for a trader’s workplace enabling trading in most currencies and financial markets. It offers all the essential tools for analyzing price variations in different financial instruments. You can also use it for creating and using regular trading programs. Visit broker and download platform: Avatrade mt4 download.
Using the Avatrade platform, traders and clients can invest in what they care about. See the video “Invest In The Things You Love with AvaTrade”:
Avatrade signals – Mirror trader Avatrade – Zulutrade and DupliTrade
Avatrade provides signals to clients in several ways. Clients can connect Avatrade’s account with the ZuluTrade account or DupliTrade or use Metatrader signals directly from the Mt4 platform. You can read more about the Zulutrade platform and automated trading.
AvaTrade Types of Accounts
The broker gives its customers two categories of trading accounts. The first one is a standard trading account, and the second one is a demo trading account. For a client to have a trading account, they have to have a minimum of $100, depending on the account currency. In addition, some accounts are swap-free for the Muslim traders that want to conduct trade as per the Sharia principles.
For the traders that want to possess several accounts, the company provides a Multi-Account Manager account, which comes with extra features. These include the capability to create several accounts of sub-trading simultaneously, all the order types of MT4 like close, limits, and stops, a minimum of 0.01 lots, multiple allocation parameters, and placement of orders for several clients that use unlimited and expert advisors. With this multi-account system, the trashcan can access all information and separate client sub-accounts to manage the accounts sufficiently.
So, the Avatrade minimum lot size is one micro lot.
AvaTrade Trading of Cryptocurrencies
AvaTrade has been providing a trading facility for cryptocurrencies since the year 2013. Initially, AvaTrade traders could trade Bitcoin on the proprietary platform and via the MT4 (MetaTrader 4) platform. However, with the popularity of cryptocurrencies, the company has several other cryptocurrencies in its portfolio of cryptocurrencies. Currently, there are eight cryptocurrency categories that AvaTrade supports. Avatrade Cryptocurrencies list: Ripple, Neo, Bitcoin, Dash, Bitcoin Cash, Litecoin, Monero, and Ethereum.
Trading cryptocurrencies at AvaTrade entails dealing with financial derivatives like CFDs, unlike other cryptocurrency exchanges. A client does not buy and sell using cryptocurrencies but instead uses CFDs to capitalize on the cryptocurrency price. The pros of AvaTrade’s cryptocurrency
Trading with CFDs is affordable and can also profit from a rising market and falling market. Trades can be leveraged by up to a 1:20 ratio in addition to the facility of leveraging offered by AvaTrade. Avatrade bitcoin trading offer is one of the most interesting in the market.
The Spreads and Commissions of AvaTrade
AvaTrade traders can trade different instruments with spreads that are floating or fixed. The most frequent currency pairs traded spreads include EUR/USD, USD/JPY, NZD/USD, EUR/JPY, GPB/USD, Gold, and others. AvaTrade provides variable, fixed, and floating spreads, which start from 0.8 pips. The spreads of AvaTrade are among the internet broker markets’ most competitivSeveralral categories of availed at AvaTr, including limit orders, stop-loss orders, trailing stops, entry stops, entry limits, and market orders. Clients’ funds are stored in accounts that are segregated for security reasons. Spread betting and hedging are allowed. Spread betting is tax-free trading, which entails placing both short and long-spread bets on over two hundred different financial instruments with a leverage of up to 400:1. This is available on the MT4 platform and can be conducted from a standard or demo account. It is exclusively available to Ireland and UK traders.
Avatrade payment options
- Credit cards
- Wire transfer
The company’s trading accounts with debit cards, credit cards, or wire transfers. Other electronic transfers of payment can also be used with AvaTrade through eWallets. For clients to make a withdrawal request, they fill out the request withdrawal form via MY AVA and follow a list of instructions. It takes around five days of business for the process of the request to be completed. There are also additional days for the entire process and money to be deposited in the client’s account. For those who want faster withdrawal processes, there is the option to apply for the Ava MasterCard, which cuts the time to withdraw significantly.
How to withdraw from Avatrade?
To withdraw money from Avatrade, you need to choose on the left side of your navigation bar option “Withdraw funds” and pick the wished payment option.
AvaTrade Promotions and Bonus
The company provides a welcome bonus for those that sign up for accounts. The prize range is between $100 and $10000 as per the deposited amount. The other bonus program is the referral bonus, available for all traders. This is offered for every successful referral. A 40% bonus is the best promotion and will be provided from 2021. However, several conditions and terms are subjected to withdrawing the bonuses offered.
You need to read more about AvaTrade bonus terms before the bonus request.
The trading bonus can use only non-European Union residents. Therefore, potential EU clients can not use forex or any CFD bonus. However, other broker promotions are usually available for all clients.
There is also a particular program which is the unique program of Ava that gives awards to those clients that make a minimum single $100000 deposit or those who go beyond this amount in volume trade with several particular offerings like unique gifts, benefits, dedicated select hotline of Ava, express approvals of withdrawal and education programs that are tailored.
Anyway, before everything checks, AvaTrade bonus terms and conditions.
AvaTrade Customer Support
Customer support is handled by a multilingual team of support representatives at AvaTrade. The customer support services are available twenty-four hours five day, ensuring that the traders at AvaTrade get the assistance they need consistently. The traders at AvaTrade can communicate with the support members through email, telephone, fax, live chat, and social media. Among the best characteristics of the customer support of AvaTrade is that its support service is localized. The traders can take advantage of several localized telephone numbers because of the cheap telephone charges.
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The company commits to offering high-end service. Therefore, they provide impeccable customer support services through Live Chat, email, and local telephone numbers in almost three dozen countries. This makes it possible for practically every trader to reach AvaTrade customer support in their language. AVATrade customer care unit goes online for as long as the markets remain open. It is available 24×5 hours except for the weekends. Along with corporate-based HQ, AvaTrade has also enlisted contact numbers of more than 20 locations spread worldwide that enable you to reach in your preferred language. Extremely responsive customer services are pretty assistive.
AvaTrade offers clients and customers the most comprehended support system. The website supports various types of languages, such as:
Traders can contact the customer support system through:
• Send mails by filling up the contact form
• Live Chat
• Telephone (more than 30 local numbers as available in different countries)
In addition to the several benefits that a trader at AvaTrade receives, the traders can access a series of online courses, daily analysis, and live webinars. AvaTrade offers education courses through SharpTrader.com and AvaTrade. The information is comprehensive and organized well. It covers several topics like economic indicators, Forex, commodities, and CFDs. A trader can select between the written courses and the video-based courses. The written course provides a deep analysis of the individual subtopics. The video-based topics cover advanced topics and beginner topics. Also, there are courses on technical analysis, trading tools, trading strategies, and many more. The methods are also applicable to every trader regardless of the market they want to trade or are trading. The company also posts integrated live market news into the platforms of trading.Visit Avatrade Broker
AvaTrade education video tutorial on how to use the Autochartist platform:
The Pros and Cons of AvaTrade
The pros associated with the broker company include multilingual support, a generous bonus, regulated brokers’ negative protection of balance, floating and fixed spreads availability, and multiple choices of trading platforms.
The cons associated with AvaTrade are; not having the best layout of a website, not having volume discounts, slow process of withdrawal, and FAQ lack of depth.
Avatrade partnership program – AvaTrade affiliate program
Avatrade, like all significant brokers, offers an excellent affiliate program with substantial marketing opportunities where affiliates can use banners in several languages and promote products. In addition, the avatrade referral program provides an excellent rebate commission.
All in all, the company does very well. AvaTrade gives several customizable and stable platforms for trading to its clients. These range from simple platforms like MetaTrader 4 and AvaTradeACT to specialized ones like RoboX and DupliTrade. Since clients can access mobile applications, browser-based applications, and desktop applications, it attracts beginners and even experienced ones. Beginners will find the educational opportunities and tools adequately comprehensive to get started. The seasoned traders will also appreciate the vast and flexible catalog of trading tools given by the platform of MT$. In addition, the company provides its clients access to several financial markets, including commodities, individual equities, stock indices, and Forex.
An online broker, AVATrade has expertise skills applied to render award-winning performance and praise services in Forex and Contract for Differences (CFDs). AvaFX, in recent times, has gained a reputation as AVATrader. Many significant awards like “Best Broker,” “Best Forex Customer Service,” and “Best Financial Derivative Trading Provider” have been awarded to this popular brokerage service as available from 2009. With the noble aim of providing better and quicker services to the customers, CFD broker and Forex decided to rename themselves despite their prominent presence as maintained in the markets as “AvaFX.” Emanuel Kronitz, Ava Group CEO, said that launching this new brand as a record company in the past company happens to be a significant milestone. She added that it ensures the long-term availability of a dynamic and diversified trading product range, which stimulates vase growth and is the primary driving force.
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