AvaTrade – The Best Forex Broker?
Read our AvaTrade Forex broker review below...
...Ava is a global company with offices in Paris, Dublin, Milan, Tokyo, Sydney, New York and is regulated by the Central Bank of Ireland and other local institutions around the world. Avatrade was previously known as Ava Fx.
AvaTrade have their own proprietary platform and also a vast array of platform variations including their own social trading platform, possibility to connect ZuluTrade, web based platform also for Macs and mobile platforms. Company provides four trading instruments and investment products, including retail trading in the Forex market, CFDs, options and cryptocurrencies.
Full list of Forex, CFDs, Crypto
24/7 cryptocurrency trading
A lot of educational material
24h customer support
Exclusive market news and analysis
Demo account limited to 21 days
No scalping allowed
Not available for USA traders
Inactivity fee on stagnant accounts
Slow withdrawal of funds
Occasional stability issues
AvaTrade is a group of online foreign exchange expert brokers founded in 2006 and with headquarters in Dublin, Ireland. Their official broker name is Ava Capital Markets Ltd that is a subsidiary of Ava Financial Ltd. This online Forex trading broker or dealers is popular in the countries in Europe. It offers several diverse markets for beginner and expert traders. As a broker, they are regulated in the UK by the FCA in which they are authorized to offer and trade Forex, stocks and CFDs. AvaTrade is regulated by the EU’s Markets in Financial Instruments Directive or MiFID. The Central Bank of Ireland and ASIC also regulates and authorize AvaTrade in their transactions. One major disadvantage of AvaTrade is that it is not accepting any clients that are based in the United States. This broker is primarily Direct Market Access type of brokerage.
The most outstanding feature of this trading platform is the extremely rich and diverse trading packages that are offered. These packages are automated and complete with platform software. AvaTrade offers its users advanced strategies and API for trading forex for free. This is unbelievable since these APIs and strategies tend to sell for thousands of dollars elsewhere. Thanks to AvaTrade, you only need to pay for trade expansion at no additional cost. The platform’s automated trading package included the popular ZuluTrade trading system and AvaTrader. The latter allows algorithmic trading, in addition to including several APIs that allow users to develop their own solutions for forex automation.
One of the important factors in most online Forex brokers or dealers is the number of trading platforms they offer and in which the traders can make use of for gaining knowledge about Forex, CFD and Stock market and in minimizing risks. AvaTrade’s main trading platform is the AvaTrader, which is a proprietary platform for them. This trading platform is multi-faceted and the traders have the option to configure it to match their preferences. This proprietary platform comes in downloadable app and web-based version. Other trading platforms include Currensee, AvaMobile, AvaOptions, AvaTradeGo, WebTrading, AutoTrader and MetaTrader4/5. The leverage of using this online brokerage is 1:400 with the minimum deposit of $100 before you can start trading to any of these trading platforms.
AvaTrade offers four trading account types: silver, gold, platinum, and VIP Accounts. The silver account needs $100 as the initial deposit. The gold account needs initial deposit of $1000 as the minimum amount. The Platinum account needs $10,000 as the minimum initial deposit and the VIP account needs initial deposit of $50,000 to trade. There are deposit bonuses also that are still on going right now such as depositing $300 will get $200 or $25,000 will get $3,000. AvaTrade provides insights about Forex market, analysis of the Forex and real-time charts. AvaTrade does not charge their clients with commissions when trading is done or completed with them. The charges are made through a little fixed spread ranging from three to seven pips.
You can cash out your money at any time of the day. Operations are carried out 24/7 seven days a week. For payment transactions, the company provides the following ways:
- International bank transfer;
- Bank credit and debit plastic cards;
- Electronic payment systems Skrill, Webmoney, Neteller, PayPal.
Similar payment systems are available for withdrawing profits. It should be borne in mind that for withdrawing funds, you can only use the service that was used to replenish the account. If you want to change the payment method, you must contact the technical support service with a corresponding request. The timing of the transfer depends on the type of payment service and ranges from 1 to 5 business days. AvaTrade provides a safe service, the money of traders is stored in separate accounts separately from the company’s own funds. All transactions, both commercial and non-trading, are conducted through encrypted channels.
The site lists an international phone number as well as a list of local numbers covering their numerous jurisdictions, including EU countries. They can be reached through phone and email 24 hours a day during business days. For answers to most questions, see FAQ. The broker maintains international offices, allowing customers to contact local representatives when needed.
As DMA broker, AvaTrade provides beginner and expert traders with all-inclusive Forex trading tools and avenue in the major currencies of the world as well as CFDs and stocks. Their diverse trading platforms provide avenues for traders to explore Forex and other commodities all around the world to trade and experience success and minimal risks in trading. AvaTrade has access to wide range of API libraries that traders can use in customizing their own trading solution.
AvaTrade FAQ on the broker
1 Is AvaTrade a regulated broker?
Yes, AvaTrade is regulated by ASIC, MiFID, FCA, FSCA in Ireland and others.
2 What trading platforms does AvaTrade offer?
AvaTrade offers the full suite of MT4, MT5, Go, Auto, Web.
3 What is AvaTrade maximum leverage?
Maximum leverage at AvaTrade is 1:400.
4 What methods can I use to deposit and withdraw funds on AvaTrade?
Deposits and withdrawals with this broker can be done using these methods: Visa, Maestro, Mastercard, Neteller, Bank Transfer, PayPal, Skrill, Western Union.
5 What is the spread of the AvaTrade broker?
The spread for this broker is on average AvaTrade is 0.9 - 5 pips.
6 What’s the minimum deposit to open a Live account at AvaTrade?
The minimum deposit to open a Live account is 100 USD.
7 What cryptocurrencies are available at AvaTrade?
In this broker are the following cryptocurrencies for trading: BTC/USD, ETH/USD, EOS/USD, BCH/USD, DASH/USD, IOT/USD, LTC/USD, XRP/USD, NEO/USD, XLM/USD.
8 In what currency can I open an account with AvaTrade?
With this brokers you can open an account in currencies: USD, EUR, JPY, GBP, AUD.
9 What Trading Instruments are available at AvaTrade?
On AvaTrade, you can trade financial instruments such as: Forex, CFDs, Commodities, Indices, Metals, Oil, Gold, Options, Crypto.