AvaTrade is a Forex and CFD (Contract for difference) broker headquartered in Dublin, Ireland. The brokerage was established in 2006 by a group of financial experts namely; Emanuel Kronitz, Clal Finance, and Negev Nosatzki. AvaTrade is currently among the top forex brokers globally with offices in Dublin, New York, Milan, Sydney, Tokyo, Paris, Shanghai, and Mongolia. The company offers trading services in many different markets ranging from currencies, stocks, stock indices, and commodities to bonds and traded funds. The company also provides bitcoin trading services. Customers can trade over 250 financial instruments.
AvaTrade is licensed by the MiFID in the EU and regulated by the CBI (Central Bank of Ireland), Australian Securities & Investments Commission in Australia, FSC (Financial Services Commission) in Japan and the British Virgin Islands Services Commission.
Below is an in-depth AvaTrade review to help you understand why AvaTrade is among the best Forex and CFD brokers in the world currently.
AvaTrade has two main trading platforms namely;
The proprietary platform (AvaTrader) is a high-tech professional platform suitable for both expert and novice traders. You can watch markets, apply your own analysis and execute Forex and CFD trades with AvaTrader on your desktop, laptop, tablet, Smartphone among other computing devices. AvaTrader has custom tools and indicators that allow for complex research, testing, and analysis. Automatic trading is also possible with preset specifications.
- MetaTrader 4
AvaTrade also offers MetaTrader 4, a popular trading platform that allows you to trade Forex, indices, and commodities. The platform offers low spreads (as low as 0.8 pips for forex trading) and reliable execution. MetaTrader 4 is powerful and flexible. You can open all kinds of lot sizes (from .01 micro lots) and enjoy free auto-trading.
Both trading platforms are compatible with multiple operating systems, i.e., Windows and iOS. You can trade with AvaTrade using your desktop computer, laptop, and tablet among many other computing devices with Windows and iOS operating systems. The platforms work with all kinds of Smartphone operating systems. You can trade using your iPhone, Android or Windows phone. The platforms also have multiple language compatibilities. The platforms can be accessed in different languages such as; English, Italian, Spanish, Arabic, French, German, Russian and Portuguese.
AvaTrade also offers a web-based trading platform that can be accessed by visiting the official website: www.avatrade.com. The platform has most, if not all the functionalities found in AvaTrader and MetaTrader 4. The web-based platform is ideal when you don’t want to download trading software.
Besides AvaTrader and MetaTrader 4, AvaTrade offers other specialised trading platforms like; AvaTradeAct, a mobile trading platform perfect for trading on the move, AvaTradeGo for the visionary mobile trader (offers live feeds, social trends and much more) and AvaOptions for trading options on the go.
You can open an AvaTrade live or demo trading account. Live trading accounts are available with as little as $100. AvaTrade offers four main live account types namely; Silver, Gold, Platinum, and Ava Select accounts. The accounts have a minimum deposit of $100, $1000, $10,000 and $100,000 respectively.
All accounts come with educational webinars, online courses, senior account analyst (dedicated account analyst with Ava Select accounts), free withdrawals, live market news, access to blog market news, mobile trading and an Ava credit card.
Ava Select account holders enjoy a 24 hour withdrawal time while other account holders get a 5-day withdrawal time. You can also get market analysis and daily signals by Trading Central (for Gold, Platinum and Ava Select account holders). Platinum and Ava Select account holders get direct dealing room access.
Types of orders
When you choose AvaTrade, you get access to many types of orders from Market orders to limit, entry, stop loss, entry stops and trailing stop orders. Traders also enjoy advanced orders such as One Cancels Others and If Done orders.
- CFD trading: AvaTrade boasts of being one the first Forex brokers to start CFD trading on stocks, commodities and indices.
- Bitcoin trading: AvaTrader also boasts of pioneering digital currency trading (bitcoin trading) which has allowed ordinary retail traders to access the lucrative Bitcoin market.
- CFD rollover feature: AvaTrade offers many other unique features that aren’t offered by most Forex brokers today. For instance, the broker has a CFD rollover feature which allows automatic swapping of mature contract prices with new ones before old contracts expire. This feature adjusts contract price accordingly.
- Language: AvaTrade official website (www.avatrade.com) is available in multiple languages, i.e., English, French, German, Spanish, Arabic, Japanese, Taiwanese, Portuguese, Chinese and Taiwanese.
- Security: AvaTrade holds client funds in segregated accounts for added security.
- Special trading features: AvaTrade clients can spread bet. Spread betting is a special tax-free trading method which involves placing short or long spread bets. AvaTrade allows spread betting on live and demo accounts via the MetaTrader 4 platform.
- Financial instruments and leverage: AvaTrade offers 250+ financial instruments to trade. Up to 400:1 leverage.
- Forex learning/trading tools: AvaTrade account holders get access to many free trading tools ranging from webinars to eBooks and courses. Traders also get free daily analysis updates/news and access to an economic calendar with all important economic events bound to happen on a daily basis. AvaTrade platforms also have the most conclusive list of economic indicators and charts offering all the information and support you need to plan and execute winning trades.
Why should you choose AvaTrade?
There are many reasons why most people prefer AvaTrade over most Forex and CFD brokers available today. Here are some of the main reasons;
- AvaTrade is licensed and regulated: There is an influx of unlicensed/unregistered/unregulated forex traders online today. Choosing such brokers exposes you to obvious risks like online fraud. AvaTrade is licensed by the MiFID in the EU and regulated by the Central Bank of England among many other regulatory authorities globally like the ASIC in Australia, FSC in Japan and the British Virgin Islands Financial Services Commission. Zero risk!
- Trade live with as little as $100: AvaTrade is among the few reputable global forex and CFD brokers that allow deposits as little as $100 and top-up amounts of less than $100.3. Trade 250+ financial instruments: AvaTrade offers hundreds of tradable financial instruments from currencies to binary options, indices, shares, bonds, and commodities like gold and oil.
- Great leverage and spread: You can enjoy up to 400:1 leverage, i.e., place trades valued at $400 for every $1 in your account. Spreads are as low as 0.8 pips which translates to some of the lowest commission costs per trade.
- Great platforms/mobile trading: MetaTrader 4 is one of the best/most popular forex trading platforms online. AvaTrader is equally great according to many AvaTrade reviews online. AvaTrade also offers web-based and mobile based trading. You can trade anywhere using your Smartphone as long as you have internet access. You can also login to avatrade.com and trade live.
- Great free trading/learning tools: AvaTrade offers free market analysis, automated trading, spread betting, hedging, trail stops, one-click executions, free video trading tutorials, a free forex eBook and much more.
- Great bonuses/incentives to trade: You should also choose AvaTrade because you’ll get a trade bonus when you open a new account. AvaTrade is among the few Forex brokers today offering generous deposit bonuses ranging from $40 to $50,000 depending on the initial deposit. AvaTrade also rewards traders who reach/surpass a certain trading volume. In simple terms, you’ll get paid/gifts/benefits to trade i.e. express withdrawal approvals, tailored educational programs, a dedicated hotline, custom trading terms, special bonuses among other special gifts.
- Proven and tested: AvaTrade has over 200,000 clients globally who execute over 2 million trades every month. The company has a $60 billion+ monthly trading volume. Unlike most Forex and CFD brokers online today, AvaTrade has been tested and proven to be reputable.
- Great customer support: AvaTrade also boasts of having one of the best customer support systems in the industry. The company has phone, email and live chat support teams spread out in 34 countries and available 24/7 whenever global markets are open.
Verdict: Highly recommended
AvaTrade has been around for 10+ years earning a reputation as one of the best Forex and CFD brokers in the world. Furthermore, you can open a live account with as little as $100. The broker is also regulated by several internationally recognised regulators, and you get access to incredible learning tools and countless financial instruments to buy/sell. AvaTrade has also won numerous awards globally including a Best Forex Brokers Award (2015).
Read more AvaTrade reviews: https://www.dailyforex.com/avatrade/avatrade-review/804