If you’re getting started with AvaTrade, then it’s only natural that you want to know if it’s a trustworthy platform and what it really has to offer clients. Well, in our AvaTrade review we’ll explore the various key aspects that will help you determine if this online Forex and CDF trading company is ideal for you or not.
About AvaTrade
Established in 2006, AvaTrade is one of the industry’s leading Forex broker and CDF Trading Companies, dedicated to providing clients with custom-tailored trading solutions. It’s a reliable, secure, and trustworthy platform licensed by MiFID in the EU and regulated by the Central Bank of Ireland. Also, it is backed by an additional regulation from the Financial Services Commission (FSC) in Japan, Australian Securities and Investment Commission (ASIC), and the British Virgin Islands Financial Services Commission (BVI FSC).
As of 2018, the main offices of the Forex broker are located in Dublin, Ireland. However, it has spread its wings further and now has offices in New York, Milan, Sydney, Tokyo, Johannesburg, Beijing, Madrid, Abuja, Paris, and other parts of the world.
Currently, AvaTrade has 200,000 registered customers from all corners of the continent. And in a month, the company can execute more than 2 million trades.
What are the unique service features of trading with AvaTrade?
First off, AvaTrade was one of the first Forex brokers in the industry to offer CDFs, stock, and indices trading. They were also among the first to introduce the digital currency trading, particularly in the Bitcoin market.
What makes AvaTrade stand out is, without a doubt, its set of automated trading features second to none and which come with trading software. Whether you’re a new trader looking to mirror the trades of other skilled traders or an experienced player interested in custom-building your own automated solution, AvaTrade got you covered at no additional cost. Those Forex advanced strategies and trading APIs that cost hundreds of dollars are now given to you for free by the broker. You will only need to pay the spreads for trading Forex. Isn’t that amazing?
More interestingly, the professional auto-trading package provided also includes another helpful Zulu Trade System. With this system, algorithm trading takes place in its latest versions. Also, users can create their unique automated Forex solution from scratch as the system has an advanced range of different APIs.
The AvaTrade CDF Rollover feature is another notable unique feature we marked during our AvaTrade Review. This feature allows users to swap matured contract price with a new one, and then adjust the difference in price between 2 two contracts. Well, this is allowed only before the matured contract expires.
Another appreciated feature is — the huge leverage offered, which can go up to 1:400. This basically means getting times 400 the money you’ve invested. Keep in mind though that the higher the leverage, the higher the risk. Otherwise, this is a great opportunity for traders with experience.
AvaTrade Trading Opportunities
To ensure that every trader, regardless of the experience gets the best out of the platform, AvaTrade provides different platforms that support both automated and manual tools. The good news is that — each platform allows traders to access more than 250 trading tools, several analytical instruments, indicators, as well as up to the minute charts. Well, let’s check them out.
MetaTrader 4
This is the most famous retail Forex trading platform, which can be accessed globally from your PC, iOS, or Android phones and tablets. Whether you are a pro or new to the game, MetaTrader 4 is highly flexible and has the power to satisfy any trader completely. You’ll not only receive trading signals from top providers, but also professional advice for algorithm trading from expert programmers.
AvaOptions
AvaOptions is another advanced trading platform that offers more than 40 forex pairs, gold, and silver with vanilla calls. With this platform, you can easily track the markets and bring your experience into daily use. You also benefit from the professional risk management tool that analyses your potential risk and portfolio simulation.
Automated Trading
Automated trading platforms, such as DupliTrade and ZuluTrade, can help you mirror advanced strategies or copy trade signals of other experienced and successful traders. The auto-trading platforms provided by AvaTrade are the most popular and trusted, therefore, you can trade with confidence. They also offer you an option to trade even when there’s no available time.
AvaTradeGO
AvaTradeGO platform offers a really sophisticated dashboard, which is backed by a rich set of intuitive management tools, zoom for details, clear charts, and much more for a smooth trading experience. Better yet, it makes your trading even a lot easier with a step-by-step guide regarding opening trades, as well as feedback on your activity.
With AvaTradeGO, you can discover new trading opportunities as it allows you to connect with live feeds and social trends.
Mobile Trading Platform
The mobile trading platform allows you to use your Android phone and iPhone to access all the tools you need to trade.
To get into real action and enjoy the above features, you’ll need to create an AvaTrade account.
So what are the AvaTrade Account types available for traders?
If you don’t have much experience with the platform’s forex trading, then it’s best to take advantage of the free Demo Account. It will help you test-drive the trading platform and see the several factors that can influence the price of the different asset classes.
When doing this AvaTrade review, we were very pleased because the platform offers 21 days for the demo account.
Once you’ve fined tuned your strategies, get a real account and you’ll be issued with an Ava Debit Card. To activate your account, you must fund it with a minimum deposit of $100. And well, you have 4 different account choices:
Silver account —deposit a minimum of $100. Its benefits include accessing online courses, webinars, senior account analyst, live market news, and mobile trading.
Gold account — minimum deposit is set at $1,000. Besides the silver benefits, members get to enjoy additional features, including market analysis and daily signals by trading central.
Platinum account — minimum deposit required is $10,000. Members enjoy the silver and gold account benefits, and also have access to a direct dealing room.
AvaSelect account — minimum deposit is $100,000. With this account, traders get flexible trading conditions, including express withdrawal approval, tailored educational programs, customized trading terms, and many other special gifts.
Funding Your Account
You have plenty of options to fund your account, including credit cards, wire transfer, and e-wallets such as Skrill (Moneybookers), PayPal, Neteller, and WebMoney.
AvaTrade Bonus
Every new client that creates a trading account at AvaTrade is eligible to receive a lucrative deposit bonus. The minimum bonus is $40 for a $200 deposit, whereas the maximum is $10,000 for a deposit of $50, 000.
Customer support
To live up to its excellent reputation, AvaTrade has a professional, multilingual customer support team to help clients in every step of the way. The staffs are reachable via phone, email, as well as the handy live chat feature.
Our verdict
We couldn’t be more impressed with AvaTrade! Whether you’re a beginner or experienced trader, this platform has a whole lot of excellent and unique features that will ensure you get the most out of forex trading.
As you can see from our AvaTrade review, safety should be the least of your concern as this authorized Forex broker is sufficiently regulated and operates as part of a well-known international financial group. It offers several platforms which are supported by most of the popular national languages, such as English, Spanish, French, Italian, German, French, Chinese, Portuguese, Japanese, Arabic, Russian, and Taiwanese. Also, customer support team is lauded for top-notch services.
The only downside is that withdrawals can take up to 5 days; otherwise, this is a great trading platform. Just register a real account and form your opinion. We’re sure it’s going to be a positive one.
To learn more about AvaTrade, click here to visit their review site.
