Review of AvaTrade – Everything that you should know

AvaTrade is one of the leading Forex brokers around the world. Created many years ago in 2006, this Forex broker today offers services to countries around the world. Over the last few years, the Forex broker was able to attract as many as 300,000 active users.

AvaTrade is a place where every type of trader can find something that they like to invest in. The broker offers more than 1250 trading assets. Over the years, because of the services that it offers to clients, AvaTrade has won many awards.  AvaTrade offers safe and secure services to its clients as it is a well-regulated company.

However, this is not all. There are many other things that traders should know about AvaTrade and the services that it offers. So, if you are looking for a new Forex broker to start trading with and you are having a hard time finding a trustworthy one, follow our review of AvaTrade and start trading today.

Quick background of AvaTrade broker

AvaTrade is a multi-national company, it has offices and representatives in cities like Paris, Dublin, Milan, Tokyo, and Sydney. The company is headquartered in Dublin, Ireland. As we have already said, the broker was established in 2006, and since then, it has expanded significantly.

As of today, it has more than 300,000 registered customers, and the broker executes as many as two million trades a month. The trading volume of the company is more than $70 billion a month, which makes it one of the most popular brokers online.

While reviewing AvaTrade, we were very glad to see that this Forex broker works very actively to deliver world-class services to its clients, giving enough care to both beginner and experienced traders. Because of the services, it offers to traders, AvaTrade has earned more than 30 reputable industry awards since 2009, once again proving its dedication to clients’ experience.

The Safety and Security of Regulations that AvaTrade follows

In Forex trading, one of the most important things that traders should keep an eye on is the safety and security of their funds. To ensure a trader’s safety, there are several things that brokers are doing. One of the most important parts of this is the regulations, which stand as a guarantee of your safety.

Our review of AvaTrade shows that this broker is authorized by several regulatory agencies worldwide, which makes its services safe and secure for traders. In every region that this broker is registered, it is also regulated, which means that it offers legal, safe, trustworthy, and transparent services.

In Europe, the Forex broker is licensed by the Central Bank of Ireland, which is the main financial regulator of Ireland. Since the country is a part of the European Economic Area, EEA, the broker has the right to offer its services to the whole region of Europe. The broker is regulated according to the derivatives of MiFID, ensuring the highest standards of safety. To offer services in other regions, the Forex broker is regulated by the following agencies:

• Australian Securities and Investments Commission, ASIC
• British Virgin Islands Financial Services Commission, B.V.I. FSC
• The Financial Sector Conduct Authority of South Africa, FSCA
• Financial Services Agency and Financial Futures Association of Japan, FSA, and FFAJ
• Abu Dhabi Financial Services Regulatory Authority, FSRA
• The Central Bank of Ireland. (No.C53877)
• The Cyprus Securities and Exchange Commission, CySEC (No. 347/17)
• The Israel Securities Authority (No. 514666577)

How AvaTrade keeps your funds safe?

As we have already said, while reviewing AvaTrade, we found that this broker is regulated by many agencies worldwide. This means that AvaTrade is available in multiple regions and it offers high-level services and security standards to traders.

There are several reasons why regulations are so important in Forex. First of all, they are some type of guarantee of the safety of your funds. Also, because this Forex broker follows so many regulatory frameworks, it means that the safety standards that it offers are very high.

One thing that AvaTrade does is that it keeps the funds of its clients in a segregated bank account. This means that no matter what goes wrong, even if the broker goes bankrupt, you will still have access to your funds. In addition, the broker offers Negative Balance Protection, which is a further guarantee of your safety.

When it comes to Forex, especially trading Forex with leverage, many people come across many problems. One of them is that some of them are losing more money than they already have in their trading account. By adopting Negative Balance Protection, AvaTrade makes sure that you will never lose more than you already have on your account. All of your positions will be closed automatically once your funds are near zero thanks to Negative Balance Protection.

AvaTrade Accounts, Deposits, and Withdrawals

To start Forex trading with AvaTrade, you will need to create a live trading account. But, how do you know which is better for you? The Forex broker made sure that it could offer something for every type of trader, therefore, it offers special types of accounts for both beginner and professional traders.

This Forex broker also offers an Islamic trading account, which should not come as a surprise since AvaTrade strives to offer its services to traders with different backgrounds. Thanks to its Islamic account, the broker is accessible to those who follow the beliefs of the Quran.

According to Sharia law, people who follow it are not able to receive or pay any type of interest. The Islamic account is created especially for them, and those who use it do not have to deal with swaps, which is why it is also many times called a Swap-Free account.

As our review of AvaTrade showed, this broker also offers a demo trading account. Thanks to this account type, traders can test out the offerings of the broker without having to risk any of their funds. So, if you are still having a hard time making up your mind, try the demo account of AvaTrade and see what this broker is really about.

Deposits at Avatrade

Once you have created a live trading account and decided which platform to use, you will have to make your first deposits to start trading. Depending on your location, AvaTrade offers a wide range of deposit methods. This includes credit cards, wire transfers, and e-payments such as Skrill, WebMoney, Neteller, and many others.

Most of the credit and debit card payments are credited instantly to your trading account. As for the E-payments, the broker offers, they typically take up to 24 hours. The Wire Transfer payments, on the other hand, can take as much as 7 business days depending on your banking institution and country. The minimum amount of money that you can deposit on your account is $100, however, the broker recommends making a payment of between $1,000-$2,000 to enjoy the full range of products offered by the broker.

What about withdrawals?

You can use the deposit methods for withdrawals as well, withdrawal requests can be submitted in under a minute through the trading platform and are approved very quickly. The broker notes that most of the withdrawals are typically submitted within one business day. However, keep in mind that the time for withdrawals will depend on your location as well as on the payment methods you are using.

Trading Assets and Features of AvaTrade

AvaTrade review showed that this Forex broker offers access to numerous trading instruments. Thanks to this, the broker attracts traders of any interests, you can trade the following assets with AvaTrade:

• Forex
• Cryptocurrencies
• CFDs
• Commodities
• Stocks
• Indices

Forex trading at AvaTrade

Forex trading stands to be the largest financial market in the world. It should not come as a surprise that AvaTrade strives to be a leader in this market. AvaTrade offers you a direct gateway to the Forex trading market thanks to the trading platforms it has adopted. The broker offers a wide range of Forex pairs to choose from, very competitive spreads, high leverage, personal customer services, and tools that will make your job much easier.

However, if you are a beginner, make sure that trading with high leverage can be dangerous. So, if you can, do your best to avoid using high leverage, at least in the beginning.

Crypto trading at AvaTrade

Cryptocurrencies are many times regarded as the ‘coins of the future’. Recently, they have become very popular among traders, and as our AvaTrade review shows, this broker offers you some of the best services when it comes to trading crypto. You can trade cryptos like Bitcoin, Bitcoin Gold, Ethereum, Dash, IOTA, EOS, Bitcoin Cash, Litecoin, Ripple, NEO, and Stellar.

One of the greatest things about trading cryptos with this broker is that it offers zero commission and no bank fees on transactions. For EU residents, because of local restrictions, crypto can be traded with leverage up to 1:2, for non-EU residents, the leverage is 1:25.

You can also use stop-loss orders to limit the risks while trading crypto. One of the greatest things that this Forex broker offers, however, is that it offers trading not only crypto to crypto, but crypto against Fiat currencies, like USD, EUR, and others, unlike many other brokers in the market.

CFDs trading at AvaTrade

CFDs stand for Contract for Differences, this is a financial instrument that allows you to trade underlying indices, without actually owning the asset. You can trade CFDs of commodities, ETFs, Stocks, Bonds, and cryptocurrencies as well. CFDs trading has become very popular in recent years.

Commodities trading at AvaTrade

Commodity trading has always been very popular. There are two major types of commodities available in the market, soft and hard commodities. As our review of AvaTrade shows, this broker offers access to both types of commodities.

Soft commodities are those that people get as a result of agricultural activity, like coffee, wheat, flour, etc. On the other hand, hard commodities are assets like gold, silver, crude oil, and others.

As we have already said, you can also trade stocks with AvaTrade. As our review of AvaTrade Forex broker shows, stock trading is very popular with this Forex broker and you can trade shares of the leading companies globally. You can also trade-leading US, European, and Asian stock indices with the broker, you can go long or short, and trade when indices value is rising or falling with AvaTrade.

Trading platforms

AvaTrade knows very well that traders are very different from one another and every single one of them has their interests and needs. Because of this, the broker made sure to offer a wide selection of trading platforms for both manual and automated trading. Among the platforms offered by the broker are, WebTrader, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaOptions, and many others.

Because there are so many trading platforms available, anyone can find something that they like. If you are looking for pure Forex trading experience, we would recommend using MetaTrader 4. MT4 was initially created with Forex traders in mind. This trading platform has been around for 15 years, since 2005, and since then, the popularity of it has only increased.

Mobile trading at AvaTrade

As our review of AvaTrade broker shows, it also offers special versions of its platforms for mobile phone users. You can trade Forex with this broker thanks to the mobile trading platforms created for iOS and Android users. All of the platforms offered by the Forex broker come without any costs attached.

You are free to download one or all of them and it won’t cost you anything. Each of the platforms comes with its own set of tools that you can use to make trading a lot easier. AvaTrade platforms come with popular technical indicators inbuilt.

AvaTrade review – Educational material

According to the regulatory framework that this Forex broker follows, it is required to offer traders educational material. The educational materials offered by AvaTrade are very detailed and helpful. The broker has created one of the best videos and written materials for traders. This was achieved by employing leading experts in the industry.

The educational page will help even experienced traders. The broker offers very detailed information to make newbies better traders.

Customer Support Team of AvaTrade

While reviewing AvaTrade, we decided to go into great detail to find everything about this Forex broker. There are several ways you can get in touch with the customer support team. There is a live chat available on the website of the Forex broker. You can also use a special email address or a hotline.

We tried using all of these three options and all three of these work very well. The customer support team was very fast, polite, and helpful. Meaning, no matter what goes wrong, someone is willing to help you out.

Should you consider trading Forex with AvaTrade?

We were able to find out that AvaTrade is one of the leading Forex brokers in the market. AvaTrade offers you one of the safest, most secure, and most transparent trading services. In addition, this broker also offers numerous trading instruments, industry-leading trading platforms, and lightning-fast execution.

So, if you are looking for a Forex broker to start trading with, we recommend AvaTrade.