AvaTrade is a Dublin, Ireland based online forex and CFDs broker. AvaTrade began in 2006 as AvaFX and now specializes in offering trading services for Bitcoin, Exchange Traded Funds (EFTs), equities, bonds, commodities, and market indices. Specializing in a wide range of products and services, AvaTrade focuses on clients and does more than 2 million transactions each month. They meet client’s needs by offering a wide selection of trading platforms as well as having multilingual staff that can easily assist a wide clientele. AvaTrade serves clients on multiple continents with offices in South Africa, Nigeria, Paris, Milan, Mongolia, Tokyo, Shanghai, and Sydney.
Experience & Awards
Over a decade of experience has helped AvaTrade become an established broker within the online trading community. AvaTrade complies regularly within strict requirements and is also a regulated and authorized broker that has experience with both new and established brokerage clients. AvaTrade is certified by financial regulators in South Africa, Japan, European Union, Australia, and the British Virgin Islands.
AvaTrade has a proven track record after being awarded multiple achievements within the brokerage industry. The awards they have been earned since 2009 include “Best Forex Broker 2016”, “Best Financial Derivative Trading Provider”, “Best Customer Support”, and “Best Alert System”. These awards speak to AvaTrade’s ability to support customers well along with their experience in the brokerage world.
As mentioned in this article, AvaTrade has proven its trading experience and is regulated by the Central Bank of Ireland, the Financial Services Commission (BVI), and the Australian Securities & Investments Commission (ASIC). Japan offers strict regulations on AvaTrade with the Financial Futures Association of Japan, Financial Services Agency, and the Commodities Futures Association of Japan all being active agencies in carefully watching AvaTrade operations.
Many traders are intrigued by the sheer number of trading platforms that AvaTrade offers. This AvaTrade review states that there are 8 trading platforms to choose from which include: Meta Trader platform for web trading, Meta Trader platform for mobile trading, Meta Trader platform for Mac, Meta Trader 4 platform, Meta Trader platform for floating spreads, platforms for automated trading, forex and CFD trading. AvaTrade is also available for mobile application as well and works on both iOS and Android devices.
Beginner traders will be impressed with AvaTrade’s automated trading platforms that are geared to provide ultimate profitability. The integrated software allows those starting out in trading to learn the ropes as they can mirror the trades of more advanced traders. This helps to teach new traders as well as get them to become more confident in their abilities. 5 automated trading platforms are available which include:
AvaTrade Review: Cryptocurrency Brokerage
Cryptocurrency has become extremely popular and AvaTrade now offers multiple cryptocurrencies for traders. There are currently 7 cryptocurrencies available including: Bitcoin vs. USD, EUR and JPY, as well as Ethereum, Litecoin, Ripple, EOS, Bitcoin Cash and Bitcoin Gold vs. USD. CFDs are available to traders which is a financial derivative of the physical cryptocurrency.
A multilingual team of support staff are available to clients on a 24/5 basis. Support staff members can be contacted by email, live chat, social media, telephone, and fax. Support staff members have localized telephone numbers so that clients can call locally to receive needed support.
Individual Account Options
There are two types of accounts available for individual users with AvaTrade: Standard and Demo. The standard trading account requires a minimum deposit based on the type of payment made: credit cards require a lower deposit than wire transfers. The demo account allows users to use virtual money to practice their trades without the chance of losing money. This type of account allows users to work on their trading strategies and learn more about the brokerage world before diving in with a real account.
Manager Account Options
A Multi-Account Manager (MAM) account is available for those professionals who manage accounts for several different clients. A wide variety of features come with a MAM account including: order placements for unlimited client accounts, the ability to create multiple sub trading groups, multiple allocation parameters, availability to all MT4 order types, Expert Advisors compatible, trade order placements from a master account, and minimum lots at 0.01 lots. The MAM account also allows professional traders to separate client accounts to serve their clients better.
New account holders at AvaTrade will receive a bonus promotion as a welcome gift. These bonuses range from $250 to $10,000 depending on the amount of money that is deposited. Referrals are another way that users can receive a bonus of between $75 to $400.
Deposit and Withdrawal Options
Users of AvaTrade can fund their accounts with either credit or debit cards as well as a bank wire transfer. Electronic payment transfers are also available through PayPal, WebMoney, Skrill, and NETELLER. Withdrawals can also be made with these methods and requesting a withdrawal is simple via a withdrawal request form. Withdrawals take up to 5 business days to be processed once submitted. Ava does offer a Debit Mastercard that will speed along withdrawal time.
This AvaTrade review proves that this Irish based brokerage firm is quickly becoming a major player in the online trading world. Their combination of award winning customer service and multiple platforms available make this broker easy to work with.
To find out more about AvaTrade visit http://www.avatrade.com or connect with them on Twitter (@avatrade_review) and Pinterest