AvaTrade Review – A Reliable and Established Financial Services Platform

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AvaTrade Review Sign Up Forex
AvaTrade Review Sign Up Forex Trader

An Introduction to AvaTrade

Finding the appropriate brokerage can be a difficult task. And the final decision can make a significant difference to the customer’s bottom line, often the difference between profitability and loss. Some online brokerages offer a variety of trading tools yet charge high fees, while others do the opposite. Some sites are more suited to beginners, others to large volume traders. AvaTrade offers the best across the board, with reasonable fees, an excellent platform, a wide variety of trading tools and a large number of different assets to trade.

AvaTrade also has the advantage of more than a decade’s experience in satisfying a large and growing userbase. They are the recipients of a number of accolades including the Best European Broker (2016, 2017), the Global Bitcoin CFD Trading Provider of the Year (2012, 2015) and the DailyForex Most Reliable Broker (2009, 2011, 2015), among multiple other awards and recognitions.

AvaTrade was founded in 2006 and its primary aim was a superior customer service experience. The original name was Ava FX and it grew steadily over the years, acquiring Japanese Forex broker Art Co as well as Finotec Trading UK Limited. In 2013 the company was rebranded to AvaTrade as its asset class had widened considerably past FX. AvaTrade is based in Dublin, Ireland and has over 11 offices worldwide. Over 2 million trades are conducted each month from over 200,000 registered customers, totaling $60 million a month in trade volume.

AvaTrade Onboarding

When opening an account with AvaTrade, a minimum deposit of 100 euros, dollars or sterling is required. This minimum is far lower than most brokers. Users must undergo a KYC process in line with regulatory requirements and these include name, date of birth, address, typically with a government issued ID such as a utility bill or bank statement. Demo accounts are available for new traders in order to get comfortable with the platform. These can be opened for free and come with a $100,000 trading balance.

AvaTrade offers a wide variety of withdrawal options, including Wire transfer, Neteller, PayPal and Credit Card. Withdrawal and deposit methods are generally the same, and there are no additional fees for bank wire or credit card transfer. Withdrawals can take up to 10 days to finalize. AvaTrade does not currently accept deposits from the USA or Belgium.

Trading with AvaTrade

AvaTrade offers over 250 trading products and most trading is done via a Contract for Difference (CFD). The is an Over the Counter mode of exchange and has multiple benefits. It allows leverage trading, has no expiration, has no exchange fees and enables traders to take both long and short positions. These CFDs are available on practically all asset classes, including bonds, stocks cryptocurrencies, commodities and Indices. AvaTrade also offer a wide variety of FX trading pairs. It is a useful platform for those looking to trade cryptocurrencies with ease, and it currently supports a number of major cryptocurrencies including Bitcoin, Litecoin, Dash and Bitcoin Cash.

AvaTrade does not have fixed trading fees but employs a more dynamic model depending on the class and particular asset. AvaTrade trading spreads are reasonable and they do not charge any brokerage fees, unlike the majority of their competitors.

AvaTrade has a number of software trading tools available for customers. These include AvaTrade GO, MT4 Floating Spreads, Meta Trader 4 and Ava Options. Each of these platforms have specific users, and some work better on PC as opposed to mobile and vice versa. Along with these software trading tools AvaTrade also offers automated trading tools including Dupli Trade, Zulu Trade and MQL5 Signals Service. They also supply a number of educational resources for beginners and advanced traders alike.

Security and Regulation

AvaTrade is regulated by a number of regulatory institutions. These include the Central Bank of Ireland, the BVI Financial Services Commission, the South African Financial Services Board, by ASIC in Australia and by the FSA and FFAJ in Japan. AvaTrade is compliant with the most recent MIFID requirements with regard to KYC and AML procedures.

Client funds are kept separate from AvaTrade business funds. This means that AvaTrade cannot use client funds for business purposes. 256 bit SSL encryption is used across the site and trading platforms, and McAfee secure prevents identity theft and credit card fraud. AvaTrade are also verified by the American Institute of Certified Public Accountants.

AvaTrade Broker Review Summary

AvaTrade are a well established organization with over 12 years’ experience as a financial services trading platform. What makes them stand out from the competition is the variety of trading products on offer as well as the software trading tools available. They are very beginner friendly and perfect for both beginner traders and those with significant trading experience. Additionally, few brokers have as many awards, with so much experience as well as regulatory compliance. They offer a 24/7 customer service operation hosted in a wide variety of languages, living up to their initial goal as a customer orientated online trading platform.

The AvaTrade customer reviews are overwhelmingly positive and they are a well regulated and reliable company. The only drawback with AvaTrade is that withdrawals can take up to ten days total, which can be a hindrance. Aside from this they are among the best online trading platforms available.

For more information on AvaTrade broker reviews visit: http://www.avatrade-review.com/

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