Broker «AvaTrade» Review

AvaTrade3 min read

Broker Review

An international company with a turnover of $20 billion is automatically credible. A company registered in Ireland entered the global financial market in 2006. Customers can choose from several types of platforms. Beginners begin to get acquainted with the intricacies of working on a financial exchange with a demo account. Due to these features, reviews about the AvaTrade broker are mostly positive.

Platforms

Usability

Assets

Users rating12 Votes

Pros Broker

Cross-platform trading

Forex vanilla options

Advanced order types available

Exclusive market news and analysis

Cons Broker

No scalping allowed

Slow withdrawal process

No discounts for high volume traders

Inactivity fee on stagnant accounts

Overall Broker Rating

Visit Broker

AvaTrade

Review of the company

AvaTrade broker was founded in early 2006. The company currently boasts over 200,000 customers from around the world. The employees of the dealing center are constantly working on the quality of the services provided to provide their clients with the most comfortable trading conditions. The company provides foreign exchange market access services to traders from various states of Europe, South Africa, CIS, as well as from Japan, Australia and Virgin Islands. Currently does not offer its services in US.

Trading advantages

You can trade a large number of instruments: Forex, CFDs and Cryptocurrency (Bitcoin, Litecoin, Ethereum, Ripple). The total number of assets that can be used for speculation is more than 250. In addition, the broker allows you to trade stock options. Do not confuse them with binary ones. On the site you can familiarize yourself with the basics of trading this type of securities.

Trading platforms

Trading is possible on different platforms for computers and mobile devices:

AvaTradeGo and AvaTrade Act are the company’s own developments that can be used on a computer running Mac OS and Windows, as well as smartphones running iOS and Android;
MetaTrader is the most popular trading platform that allows you to receive signals and use advisers to automatically close profitable trades;
Auto trading. A trader can use a large number of platforms for auto trading – RoboX, Mirror Trader, ZuluTrade and MQL;
Browser terminal. You can access your trading account from any computer;
AvaOptions is a unique platform where you can use all the strategic tools you need to trade Forex Options.

Each platform is easy to use and offers a wide range of financial instruments as well as many analytical tools and indicators.

Trading learning

Like many other Forex brokers, AvaTrade gives beginners the opportunity to better understand the functioning of financial markets, learn how to predict prices and manage risks. To do this, you can use the course “Trading for Beginners”, which describes the basics of trading in the Forex market. Video tutorials are also available that may be useful to professionals. And the book “Forex Trading Strategies” will help you familiarize yourself with the basics of trading and learn how to trade correctly.

Islamic accounts

AvaTrade provides exclusive services for Islamic Accounts. Regardless of whether the user complies with strict Sharia law, he may be interested in the AvaTrade Islamic broker account. The client can open an account with a trading platform with access to swaps consistent with Islamic customs. *Islamic accounts are subjected to an increase spread on currency pairs.

Cryptocurrency Trading

AvaTrade is one of the best cryptocurrency brokers. You can trade more than 10 different crypto assets on the platform using leverage. Invest in rising or falling markets. AvaTrade has several advantages over conventional crypto exchanges.

Deposit and withdrawal

You can replenish the deposit with electronic payment systems PayPal, Skrill, Neteller, Western Union, as well as Visa / MasterCard and other payment methods. Instant withdrawal of funds is possible using the debit card AVA Debit.

Support service

AvaTrade has an award-winning multi-language support group, available by telephone in 34 countries, email and chat. They are available on the website 24/7 and in several languages: Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Portuguese, Russian and Spanish. You can call, email or use modern chat to answer your question or make a request.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Broker Screenshot

Full Broker Name

AVA Trade EU Ltd.

Deposit

Country

Founded

$/€/£ 100

2006

Basic Information

Help Broker Country

Not all brokers offer their services to traders in each individual country in the world, and you need to make sure that any broker in which you «open an account» is fully licensed and regulated by the licensing authority of your country. The United States, Japan, the United Kingdom, Switzerland, Australia and the Eurozone offer strong regulation that you can trust. If you choose a broker based outside of these zones, make sure that the broker is regulated by proper regulation bodies.

This broker is located in: Ireland

Country: Ireland

Help Main Type of Broker

Broker - is a company that provides its customers with the opportunity to trade in the foreign exchange and other markets.

Market Maker (MM) - most often these brokers do not send orders to the interbank market, but only enter into transactions with the client, of course, they take prices from this market, that is, they create their own market.

Dealing Desk (DD) - a dealing desk broker is a market maker. Market makers typically offer fixed spreads and may elect to quote above or below actual market prices at any time.

No Dealing Desk (NDD) - an NDD forex broker provides direct access to the interbank market; it can be an STP or STP+ECN broker.

Straight Through Processing (STP) - its feature is to offer its participants entry / exit to the real exchange market and market prices, and they also have the right to execute orders immediately without involving the Dealing Center.

Electronic Communication Network (ECN) - provides a trading place where all participants (banks, market participants and traders) trade against each other by bidding within the system.

Direct Market Access (DMA) - technology of access to the market directly, bypassing the broker. DMA offers better execution transparency: orders are sent to the market and are being filled according to available quotes provided by liquidity providers.

Type of Broker: ECN/STP

Help Main Regulations

National Futures Association (NFA) - is a national futures organization that controls financial companies in the United States.

Financial Conduct Authority (FCA) - is an independent non-governmental financial regulator controlled by the UK Treasury.

Bundesanstalt für Finanzdienstleistungsaufsicht (BAFIN) - is the German Federal Financial Supervisory Authority, which is the central authority over financial markets and companies located in that country.

Markets in Financial Instruments Directive (MiFID) - is a special EU directive developed by the FCA to monitor financial transactions in the 27 member states of the European Union.

Cyprus Securities Exchange Commission (CySEC) - state regulatory body of investment and currency organizations in the Republic of Cyprus. As Cyprus is a member of the EU, the work of the Cyprus Commission is carried out in full accordance with the approved EU standards (MiFID European Directive).

Australian Securities Investments Commission (ASIC) - it is an Australian securities regulator that oversees the activities of financial markets.

Swiss Financial Market Supervisory Authority (FINMA) - is the Swiss government body responsible for financial regulation.

Regulation(s): MiFID, Central Bank of Ireland, JFSA, ASIC, BVIFSC, FFAJ, FSCA, FSRA, IIROC

Help Main Types of Platforms

MetaTrader - is the most popular and widespread trading platform. Millions of traders around the world trade on it.

WebTrader - is a terminal for online trading in an Internet browser. WebTrader is developed on the basis of MetaTrader and can work separately as an independent trading system.

cTrader - is designed for trading on the ECN market and uses STP and NDD technologies, which guarantees the broker's non-interference in the trading process.

NinjaTrader - is a high-end platform for professional trading in both currencies and stocks, futures and other exchange-traded instruments.

MirrorTrader - is a trading platform that provides unique tools for trading: real-time signals, charts, indicators, oscillators and various helpers for studying the chart.

xStation - is a multi-functional trading platform, perfect for manual traders, hedge fund managers and social traders.

SIRIX WebTrader - is a trading platform provides instant access to global financial market trading (Forex and CFD) and a social network of traders.

Trading Platform(s): MetaTrader 4, MetaTrader 5, WebTrading, Mobile, AvaOptions, AvaTradeGO

Help Main Types of Assets

Currency Pairs (Forex) - the foreign exchange market is the largest financial market in the world, with thousands of related participants.

Contract for Difference (CFD) - an agreement between two parties, commonly referred to as “buyer” and “seller”, to pay each other the difference between the price of opening a position and the closing price of a position on a traded instrument.

Exchange Traded Funds (ETF) - are a type of investment fund that tracks underlying assets like indices, bonds, commodities and divides ownership of those assets into stocks.

Stock Market Indices - are financial instruments that represent the value of the underlying publicly-traded companies.

Equities - also known as stocks, are stocks that are owned by state-owned companies. Within this asset class, there are further differences between stocks with large, medium and small capitalization.

Options - this is a type of contract that provides the right to buy or sell a certain amount of an asset at a certain price on a pre-defined time.

Crypto - works exactly the same way as the classic version of the contract for difference in prices (CFD).

Types of Assets: Forex, CFDs, Commodities, Indices, Metals, Oil, Gold, Options, Crypto

Help Accout Currency

A foreign exchange account, or Forex account, is used to hold and trade foreign currencies. Typically, you open an account, deposit money denominated in your home country currency, and then buy and sell currency pairs. Your purpose, of course, is to make money on your trades.

Accout Currency: USD, EUR, JPY, GBP, AUD

Trading Сonditions

$/€/£ 100 Minimum Deposit:

$/€/£ 0.01 Minimum Trade:

Yes Demo Account:

Yes Crypto Trading:

No Social Trading:

Yes Analytics:

Yes Education:

1:400 Maximum Leverage:

No Allows Scalping:

Yes Allows Hedging:

0.9 - 5 pips Average Spreads:

Payments Method

Maestro VISA Mastercard Neteller Bank Transfer PayPal Skrill Western Union

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