AvaTrade is a reputable online broker. If you have been searching for a good place to conduct your online trading or investing, then you should strongly consider AvaTrade. Here is a complete AvaTrade review, which can help you fully understand the offerings of the exchange.
History
AvaTrade was first started in 2006. However, it was initially called Ava FX. However, over the years, the company started offering more assets for trading besides forex. So, the company rebranded itself and changed its name to AvaTrade in 2013. It has been known as AvaTrade since then, and it now offers many different asset classes for trading including stocks, commodities, cryptocurrencies, and more.
Regulation
AvaTrade is regulated in several different nations by several different regulatory agencies. Here is a list of those nations and regulatory bodies.
Trading Conditions
Luckily, AvaTrade has very favorable trading conditions. These conditions include very reasonable fees, low account minimums, and a structure that makes trading very easy on the platform.
Trading Options
If you open a trading account with AvaTrade, then you will be able to trade 250 different options. You can also trade on leverage with AvaTrade if you would like to do so. A lot of the trading that is conducted on AvaTrade is CFD trading. A CFD is a contract for difference. With a CFD, traders do not actually own the asset they are trading. Instead, they essentially are just buying and selling the price movements of the asset.
With AvaTrade, you will also not have to pay exchange fees. This makes trading on the platform much more convenient. Further, you can trade both long and short positions on AvaTrade. So, if you can profit on an asset rising in price or falling in price, as long as you take the right position. The contracts for difference that are available on AvaTrade also have no expiration dates. This is preferable for many traders.
There are six different asset classes available for trading on AvaTrade. These asset classes are indices, stocks, bonds, commodities, ETFs, and cryptocurrencies, So, there is a very wide selection for you to choose from on the site for trading.
Fees, Leverage, and Minimums
Many brokerages require a minimum fee of around $1,000. However, with AvaTrade, the minimum fee is just one hundred dollars, pounds, or euros. This makes it much easier to get started. In terms of fees, AvaTrade does not take a set commission fee per trade. Instead, it makes money on the spreads. Leverage on the site ranges from 20:1 to 400:1, depending on the asset that you are trading.
Deposits/Withdrawals
There are four different deposit and withdrawal methods available for AvaTrade. These methods are PayPal, credit card, Bank Transfer, and Neteller. People in America and in Belgium are not allows to open accounts and make deposits, however. Deposits can be made instantly. However, withdrawals can take up to eight days to be fully processed.
Demo Account
AvaTrade has a demo account available for anyone who would like to practice making trades with virtual money before they progress to real money, where the stakes are much higher. If you open a demo account, you will be given $100,000 of virtual money to trade. This is a great way to learn.
Security
AvaTrade uses a 256 bit SSL encryption which makes credit card and/or identity fraud nearly impossible. There is also deposit protection of 20,000 EUR if AvaTrade defaults and 75,000 EUR if the bank defaults. AvaTrade also has true-site identity assurance and is McAfee secure. According to this AvaTrade Broker Review, this is a good amount of deposit protection.
Customer Service
AvaTrade has customer service available twenty-four hours a day, five days a week in many different languages and countries. Support is available in the form of live chat, email, phone, and Twitter. Phone and live chat are the fastest options. There is also an extensive help center on the site.
Trading Platforms
AvaTrade has four primary trading platforms. These platforms are AvaTrade Go, which is a mobile trading platform. It also has platforms called MT4 floating spreads, MetaTrader 4, and AvaOptions. All of these platforms have different features and are designed for different types of trader. The platform that is best for you depends on your individual trading needs.
Automated Trading
Automated trading is available on AvaTrade. There are a number of automated trading options on the site which allow you to do things like copy the exact trades of experts or program your account to automatically make trades based on set trading signals.
Education Tools
If you are a novice trader, then you will be able to find a wide range of training tools and educational materials on the site. For example, you can find a trading guide, economic indicators, trading video tools, and a Forex ebook on the site. All of these things can be extremely helpful. Even experienced traders can benefit from these materials. For more information about Avatrade, you should read AvaTrade reviews.
