Mid - Fix&VarAvaTrade Review
Table Of Content 👇
AvaTrade is an international CFD broker that has been around since 2006, although it was originally launched under the brand name AvaFX. It’s fair to say that AvaTrade has already attained a degree of popularity, as it has more than 300,000.
It claims to operate as a regulated broker in seven different countries, including Ireland, Australia, Japan, and a few others. It promises a user-friendly platform and it seems to offer competitive spreads (fees).
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Pros / Cons
- Over 12 years in business
- Segregates clients funds
- Regulated by Central Bank of Ireland, ASIC, FSA, FSB, FRSA and BVI
- Used by 200,000+ traders
- Established in 2006
- Min. deposit from $100
- A wide selection of platforms for every type of trader including MT4/MT5.
- Competitive spreads and fees.
- Multilingual customer support.
- Easy and fast account opening
- Free deposit and withdrawal options
- Low minimum deposit
- Credit/Debit cards, electronic wallets supported
- Unique social trading features
- Negative balance protection
- A free demo trading account is available.
- Doesn’t offer VPS
- Not FCA Regulated
- Not available to residents of USA and Iran.
- Average forex fees
- No two-step (safer) login
- Limited customizability (for charts, workspace)
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Leverage
AvaTrade is a globally regulated broker offering clients access to trade on more than 1,250+ financial instruments that in...
Account types
The types of accounts available at AvaTrade are:
- Retail account (EU) / Standard account (Rest of the world) – account is owned by an individual
- Corporate account – account is owned by a legal entity
- Options account – to trade FX options
- Spread betting account – offered only in the UK and Ireland
- Islamic account – swap-free account
If you are an experienced trader, you can request AvaTrade to open a Professional Trading account for you, where the leverage is higher than in the Standard account. This requires that you have relevant experience in the financial sector and sufficient trading activity in the past 12 months, and hold at least €500k portfolio value.
A demo account is also offered.
Types of Trading Platforms Available
One of the most impressive aspects of AvaTrade is the number of trading platforms available to traders. There is literally something for everyone here, whether you’re a beginner, seasoned trading veteran, or something else. The following platforms offered by AvaTrade are:
- MetaTrader 4 platform
- MetaTrader 5 platform
- Meta Trader for Mac
- Meta Trader for mobile trading (Download the Avatrade app directly here)
- Meta Trader for web trading
In addition to these platforms, AvaTrade features various automated trading softwares to suit every person’s needs. The following are:
- MQL5 Signal Service
- API Trading
- Zulu Trade
- Duplitrade
Spreads
Like most brokers, AvaTrade takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
AvaTrade’s minimum spread for trading EUR/USD is 0.9 pips – which is relatively high compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with AvaTrade vs. similar brokers.
Bonuses & Promos
Bonuses may be available dependent upon geographical location; please contact AvaTrade for more information.
Deposits and Withdrawals
The secure back office at AvaTrade processes deposits and withdrawals. AvaTrade does not levy internal costs on transactions, but third-party fees may apply. I recommend traders double-check with their preferred payment processor about this. While AvaTrade processes withdrawal within 24 hours, it may take up to ten business days for traders to receive their funds. The overall process remains swift, but I would like AvaTrade to add cryptocurrencies as an option.
AvaTrade Short Review
Final Thoughts
Finding a reliable online broker is sometimes difficult. Especially for beginners, the selection of companies is huge. With AvaTrade you will get a good partner for your financial investments. From our experience, the company gives one of the best trade offers and conditions to its clients.
Start trading with leverage products in more than 1,250 different markets. The range of markets starts from forex to cryptocurrencies. Also, stocks are available to trade. It is easy to open short positions in stocks via CFDs (Contract For Difference) with AvaTrade.
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AvaTrade is a globally regulated broker offering clients access to trade on more than 1,250+ financial instruments that include Forex, CFDs for Stocks, Bonds, Commodities, Cryptocurrencies, Indices, ETFs, and FX Options from the award-winning AvaTrade proprietary web platform, and the MetaTrader 4 and MetaTrader 5 platforms.