AvaTrade is an online forex trading broker established in 2006 offering a wide range of instruments. AvaTrade is regulated by the Central Bank of Ireland, Financial Services Provider (FSP) in South Africa, ASIC in Australia, FSA in Japan and BVI. AvaTrade headquarter is in the British Virgin Islands, and it maintains its clients’ funds in a segregated bank account.
AvaTrade review offers over 250 instruments for trading. There are over 59 pairs of currencies to be traded categorized as major forex pairs, minor forex pairs, exotic forex pairs, and cryptocurrencies. There are also commodities divided into three categories. Precious and industrial metals such as gold, silver, copper, and zinc. Energy commodities such as oil and gas and agricultural products like coffee and sugar. They also offer stock CDFs such as UK shares, US shares, German shares and Japanese shares.
AvaTrade charges a fee from the spread just like most brokers do. The spread refers to the difference between the buying price and the selling price of an instrument. However, it does not charge an inactivity fee, commission, deposit fee and withdrawal fee. AvaTrade offers their clients MT4 forex trading platform as well as a custom-made an AvaTradeAct platform. These downloadable platforms enable the clients to use devices of their choice for Windows and Mac. They also offer Android and iOS mobile apps giving convenience to traders as they can trade while on the move.
There are different kinds of accounts that can be created on their platform such as micro, standard and VIP accounts. Clients are also given a chance to open a demo account to familiarize with the platform before opening a live account. A live account has a minimum deposit of $250. Traders must first pass a compliance test before trading for the first time. Since AvaTrade is a market maker, it has lower entry requirements.
The AvaTrade platform supports a wide range of languages such as English, German, French, and Hebrew. It has been rated with triple AAA because they offer email support, live chat, and telephone. Funding methods on AvaTrade include PayPal, credit cards, and bank transfer.
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