Avatrade broker review
Avatrade, formerly known as AvaFX, was founded in 2006 and is one of the most famous most-used online brokers across the world. They recently changed their name into Avatrade, probably to rank higher in the Google search results. Avatrade is now offering more to its customers than ever before…
|Founded in the year||2006|
|Main office based in||Dublin, Ireland|
|Contact possibilities||Phone, Fax, Email, Contact us service|
English, Italiano, Português, العربية, Deutsch, Suomi,
|Trading platform||Ava Trader, Metatrader 4, AvaOptions, Automated trading|
|Minimum first deposit||€100|
|Minimum amount traded||€10|
|Maximum amount traded||No maximum|
|Welcome bonus||50% up to €10.000 on first deposit|
|Pay out information||Fast and easy withdrawal|
|Leverage||1:1 up to 1:200|
|Spread||0-2 pips per trade|
|Demo account||Click to open a Demo account|
|Regulated by||Avatrade is regulated by the Central Bank of Ireland, the Australian Securities & Investments commission, the Japanese Financial services Agency, and the South African FSB|
|Extra fees information||There are no hidden fees|
|Available accounts||Real account and demo account|
|Methods of deposit||iDeal, Banktransfer, Paypal, MasterCard, Neteller, Moneybookers
|Methods of withdrawal||iDeal, Banktransfer, Paypal, MasterCard, Neteller, Moneybookers
|Number of tradable Assets||1000+|
|Types of tradable assets||Forex, stocks, commodities, indices, options and more|
|Types of options||24/5 spot options tradeable through AvaOptions|
|Expiration times||60 seconds up to a week|
|US traders allowed|
|Trading on smartphone|
|Trading on tablet|
Complete Avatrade Review
Avatrade company information
Avatrade, formerly known as AvaFX, was founded in 2006 and is one of the most famous most-used online brokers across the world. They recently changed their name into Avatrade, probably to rank higher in the Google search results.
Avatrade is now offering more to its customers than ever before. The variety of tradeable products at Avatrade has been expanded significantly, one can trade indices like the Dow Jones or Standard & Poor, many new stocks and commodities. With its headquarters in Dublin, Ireland, this broker can be trusted as it is also under supervision of a number of financial watchdogs.
The changes AvaFX has implemented in order to change itself into AvaTrade have not only been graphical. It has supplemented its website with new features for their trading platforms. Investors and daytraders can select from 8 different trading platforms.
With this type of account a trader can connect automatic trading systems such as Ayondo, Currensee, MirrorTrader and Zulutrade. With AvaTrade’s auto-trading software it is possible to trade and invest without sitting in front of your screen the entire day.
The newest trading platform AvaTrade has introduced combines the power and flexibility of FX options and FX Spot in order to provide investors with the best possibilities to trade options online.
A sophisticated trading platform that is completely self-designable and customizable, and includes advanced graphs, tables and a number of live news feeds.
This specially for Mac computers designed trading platform allows it users to enter the online markets and to place trades with a lightning-fast order execution speed.
Meta Trader 4
The standard and best known trading platform to trade the Forex markets. Even with the large number of possibilities available, the MT4 platform is still very suitable for both skilled and beginning investors.
The movile trading platform of AvaTrade combines the best features of MT4 and AvaTrader into an excellent, efficient trading application for both tablets and smartphones.
MT4 Floating Spreads
With the MT4 Floating Spread platform traders can enjoy lower spread costs. This is because traders get direct access to the interbancaire liquidity.
This is AvaTrade’s standard web trading platform with which investors across the world, without having to install any software at all, can trade and invest from any device that has access to internet.
New features since the namechange from AvaFX to AvaTrade:
- Links to stock market related news articles
- News feeds fromTwitter
- Graphs and tables with real time prices
- Market analyses
These new functions allow traders to spend more time on their trading activities instead of searching and following the news of the day.
AvaTrade account types:
AvaTrade has 5 different account types available.
- Demo Account – All new investors at AvaTrade are offered a free demo account to test the trading platform with $100.000 in virtual trading money.
- AvaTrade – This is divided in three different account for different types of investors. Silver, which requires a minimum deposit of $100. Gold, which requires a minimum deposit of $1.000. Platinum which requires a minimum cumulative deposit of $10.000.
- AvaSelect – Only for those who are able to deposit an amount of $100.000 of are able to realize a trading volume of $100 million per year. Invitations for memebership to the AvaSelect club are send quarterly.
As is usual in this industry, AvaTrade does not charge any commissions from its investors. They do however, need to pay a small spread that can vary from less than one pip up to a number of pips, depending on the traded asset.
AvaTrade customer service
The customer service of AvaTrade is one of the better in the industry. It is available in many languages: Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Portugese, Russian, Spanish, Hebrew, Swedish, Turkish, Greek, Polish and Finnish. In order to contact AvaTrade’s customer service traders can either use the live chat on the website, send an email by filling out the contact form on the website, or call the customer service (numbers can be found on their website)
AvaTrade is well aware of the importance of the payment methods. That’s why they have made it possible for traders and investors to fund their account through a number of payment methods including: Credit card, Moneybookers/Skrill, Neteller, Paypal, Web Money, Western Union, Bank Transfer.
Additionally, it is possible to apply for an AvaTrade Debit Card. With this card you can pay in shops, restaurants and hotels that accept Mastercard, directly from your AvaTrade account.
To summarize, the main advantages of AvaTrade are the following:
- Appealing promotions and bonuses
- Many opportunities for education
- Reliable and mature broker
- Free demo account
- Large array of trading tools
- Low first deposit requirement of just €100
- Low spread and trading costs
- In-depth market analysis
- Variety of trading platforms
- Stable and reliable trading platforms
There aren’t really any disadvantages in comparison with other brokers. The staff of AvaFX has done well to change to AvaTrade and they have modernised their entire platform. The only possible disadvantage I can think of is that the MetaTrader software might be a little difficult to understand in the beginning, but that is the case with most brokers.
AvaTrade review conclusion
There is no doubt that AvaFX has made a huge comeback by changing its brandname to AvaTrade. With new features, improved quality and a quicker order execution system, AvaTrade has really established itself as a reliable party in the world of online trading.
- Large demo account (€100,000)
- Wide array of trading platforms both for experienced and beginning traders
- Synchronizable with various expert advisors
- High deposit bonus up to €10,000