AvaTrade is a holistic financial and trading solutions provider established in the early chapters of 2006 in Dublin, Ireland.
AvaTrade offers a gratuitous asset selection across notable markets that are transacted upon through software ZuluTrade and DupliTradefor the cause of social trading, industry favorite, MetaTrader, and AvaTradeGo, its own trading software.
A Short Background on AvaTrade and a History of its Security Measures
International forex brokerage services is the piece de resistance of the brokerage AvaTrade. It has been offering so for over a decade across the globe with offices located in bustling world financial capital such as Beijing, Milan, Paris, Sydney, and Tokyo.
Regarding safety, AvaTrade boasts of a sturdy credential through regulation on multiple regions. These financial regulators are:
- Australian Securities and Investments Commission (ASIC)
- Financial Service Provider (FSP)
- Financial Services Agency Japan (FSA)
AvaTrade is neither publicly-traded nor handled by a central bank. Regardless, its security checks remains formidable. Franchise-wise, AvaTrade is a member of the Investor Compensation Company DAC. Should insolvency happen, traders are given a total of 20,000 Euros.
AvaTrade had also received many accolades which include “Best Customer Support” and “Best Forex Broker of the Year”.
Avatrade Features & Fee Infrastructure
Through AvaTrade, traders from the most seasoned to the novice are given plenty opportunity to choose from the asset classes that it offers. These assets are as follows:
Forex (55 pairs)
722 in total which include:
The Classification of Accounts Being Offered
Only a Standard account is available to the more mainstream clients. A deposit of at least $100 through credit card is required. That or a $500 wire transfer.
AvaTrade had also done good by including a Demo account. As this is just a simulated account, trading through it does not come with risk. It enables first-time traders to employ trading techniques and strategies and delve into multiple tests that would aim to formulate new methods on specific market conditions without being open to risks of loss.
Establishing greater inclusivity, AvaTrade also offers a Swap-free account for traders of the Islam faith that strictly adhere to Sharia Law.
Professional traders are given the choice to make transactions through MAM accounts that contain features which include but are not limited to:
Multiple Sub-trading groups
The many Order Types
Expert Advisors (EA)
AvaTrade adheres to industry standard with what the industry dictates regarding the spreads that it offers. These can be ultra-low if fall under the category of professional trader.
While these look attractive on the onset, AvaTrade charges for overnight positions.
AvaTrade is amenable to be paid using cards. Aside from these, the broker also accepts payments through banks and online payment systems like Neteller, Skrill, and Webmoney.
Users of cards are asked to deposit $250 as a minimum. Wire transfers start at a $500 initial deposit. Mastercard is made partner to AvaTrade thus making it easier for traders to perform immediate withdrawals. Clients can request this special payment scheme upon signing up.
The Many Tools and Trading Software AvaTrade Offers
AvaTradeGo is the firm’s pen trading software. This app features an array of trading tools through a sophisticated, but user-friendly interface.
AvatradeGo allows users to switch between features and accounts seamlessly anytime.
Its proprietary trading software is also in Web Trading version, which requires no software download.
The broker also provides traders the MetaTrader platform as it had partnered with MetaQuotes. Iterations of these platforms include MT4/MT5 on PC, its online application, and MT4/ MT5 for Android and iOS.
AvaSocial is also in the mix as AvaTrade’s appeal to a greater audience through Social Trading. This platform is designed for the greater interaction of traders, with the beginners allowed to ask the more tenured ones for informed advice and sound strategy.
What’s more, AvaTrade houses a comprehensive educational facility replete with a myriad of materials such as eBooks, video tutorials, and the like.
What We Could Take Away: Final Words
AvaTrade is a step ahead in terms of trading platform offerings complemented with advanced social trading platforms. It also has a beneficial education center equipped with a range of learning resources. On top of these, the trading company earned its reputation as being a safe trading haven among traders of all backgrounds and skill levels.