AvaTrade – Forex Broker review
Name: AvaTrade review
Description: AvaTrade is a leading international forex broker, and are part of the AVA Group of companies, founded initially as AvaFX in 2006. It is regulated by several financial authorities, such as the Central Bank of Ireland, Australia, Japan, South Africa, and the British Virgin Islands.
Support - 90%
Platform - 90%
Insights - 70%
Leverage - 60%
Commission - 60%
AvaTrade offers a wide range of trading platforms. Most noteworthy, AvaTrade provides access to CFDs on popular cryptocurrencies, indices, ETFs, bonds, and hard and soft commodities, including metals. They also include over 200 Forex pairs. According to its website, AvaTrade has more than 200,000 traders. They provide a good range of research tools and platforms for social copy trading. While they give only one standard trading account for their customers. Read AvaTrade forex broker review, rating, and detailed information for their services below.
User Review( vote)
- Strict regulation
- Multilingual support
- Supports cryptocurrency and CFD trading
- Wide range of trading platform
- Demo Account
- A good amount of Bonus
- Only one standard account
- Difficult withdrawal process
AvaTrade founded in 2006 as AvaFX and boasted more than 150,000 clients in 150 countries. They also have branch offices in New York, Dublin, Sydney, Milan, Tokyo, and other locations. First of all, AvaTrade is one of the oldest brokers who introduce CFD trading on commodities, indices, and stocks.
Above all, AvaTrade also introduces trading in Cryptocurrencies, mostly Bitcoin, for its retail traders from 2013. Furthermore, in honor of their tenth anniversary, traders can receive a 100% bonus. AvaTrade also offers spread betting in the UK and Ireland.
AvaTrade is regulated by the Central Bank of Ireland (Reference No: C53877). It subject to the ‘Markets in Financial Instruments Directive’ (MiFID) issued by the European Union (EU). Furthermore, AvaTrade is regulated by below regulatory boards.
- Australian Securities & Investments Commission (ASIC)
- Financial Services Commission (British Virgin Islands)
- Financial Services Agency in Japan
- Financial Futures Association of Japan
- Commodities Futures Association of Japan
AvaTrade provides MetaTrader 4 platform developed by MetaQuotes Software to its clients for efficient and reliable trading experience. They also offer AvaTrader platform. AvaTrader is a professional-grade trading platform that provides API Libraries free of cost. Even more, AvaTrade offers Mirror Trader for automated Forex trading. They integrated with a variety of service providers like DupliTrade, MQL5 Signals, and ZuluTrade with their accounts. AvaTrade platforms are also available for smartphones. The app is free and can download from Google PlayStore and Apple App Store.
Hence, please find the below list for all platforms provides by AvaTrade.
- MetaTrader 4 (MT4) platform
- AvaTrader platform
- AvaTrade platform
- AvaOptions and their WebTrader
- Roblox platform
- DupliTrade platform
- Mirror Trader platform
- ZuluTrade platform
- MQL5 Signal Service platform
- API Trading platform
Commissions & Spreads
Like other online Forex brokers, AvaTrade doesn’t have any commissions or service fees. The spreads at AvaTrade are in the form of fixed and floating spreads. Spreads for currency pair is starting from 0.9 pips. Leverage is offered at 1:400.
AvaTrade supported eight different types of cryptocurrencies which includes
- Bitcoin Cash
Cryptocurrency trading allows traders to diversify their investment portfolio, as cryptocurrency price is mainly determined by market sentiment, demand and supply
AvaTrade Supports credit cards (Visa, Mastercard, etc.), eWallets, or bank wire transfer for deposits and withdrawal. Withdrawals also imitated through the same methods used for depositing the funds.
Customer support at AvaTrade is available 24/7. Hence there are several ways in which you can get in touch with the support team, such as email, social media, live chat, fax, and telephone. You also have the benefit of multi-lingual support. Above all, customers can get help by phone in 34 countries. Their website is available in English, French, Italian, Spanish, French, German, Portuguese, Arabic, Russian, Japanese, Chinese, Taiwanese.
AvaTrade Detail Information
|Company||Ava Trade Ltd|
|Offices in||Australia, France, Germany, Ireland, Italy, Japan|
|Payment options||Credit/debit cards, Neteller, PayPal, Skrill, WebMoney, Wire transfer|
|Demo platforms||MetaTrader 4 (Limited with 21 days), AvaTrader|
|Account currencies||The Australian dollar, Euro, Japanese yen|
|Regulated by||ASIC, 143 340 907; Central Bank of Ireland, C53877; Financial Futures Association (Japan), 1574|
|Website available in||Arabic, Chinese, English, French, German, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Swedish|
|Support available in||Arabic, Chinese, Dutch, English, French, German, Greek, Hindi, Hungarian, Italian, Japanese, Portuguese, Romanian, Russian, Slovenian, Spanish, Swedish, Turkish|
|Support methods||Callback, Email, Forum, Live Chat, Phone, Skype, Webform|
|Trading server time zone||GMT|
|Conditions for VIP traders||Reduced spreads, free trading signals, and everyday contact with an account manager.|
- Bonus offers
- Trading contests
- Free education
- Personal manager
- PAMM accounts
- Segregated accounts
- Managed accounts
- Islamic accounts available
- Requires sending documents via postal mail
Standard MT4 Account
- Trailing stop
- Pending orders
- One-Cancels-Other (OCO) orders
- One-click trading
- Mobile trading
- Automated trading