Discover The Pros Of Trading With AvaTrade By Reading Our Exclusive AvaTrade Review Today!
- Regulated by MiFID and ASIC
- Several Trading Platforms
- Demo Account
- No Bonuses
- One Regular CFD Account
AvaTrade is a household name in the Forex trading industry that has more than a decade’s worth of experience in various Forex and CFD products that are currently popular in the financial market. AvaTrade is active in more than 150 different countries by serving customers in 12 different languages and has increased in size and stature since the company first started its brokerage operations in 2006. It is no small feat that AvaTrade manages to transact more than $60 billion in different financial products in a single trading month, which is one of the largest volumes ever witnessed by an independent Forex broker. Such a tremendous amount of popularity has led AVA Financial LTD., the parent company behind AvaTrade, to reportedly acquire a market cap of more than $17 billion.
AvaTrade has been consistent in its service offerings by tailoring their products to meet the demands of their customers. Retail Forex traders are hard to please, especially in a volatile market, where high leverage can wipe out an entire account with a fraction of a second. Therefore, it is also common for traders to find AvaTrade Forex broker reviews that are not so supportive of the company. Regardless, AvaTrade has managed to amass a significant number of following in the retail CFD market, which is supported by the company’s excellent reputation among online reviewers and customer-centric forums. AvaTrade has also received multiple awards and recognition for their outstanding services, which is a further incentive for traders to trust the authenticity of AvaTrade while investing their money with the broker.
AvaTrade Regulation & Opening An Account
AvaTrade regulation is an extensive affair since the broker has set up its offices in Europe, Africa, and Asia-Pacific. The company’s main headquarters is based in Ireland, where all Forex trading and related activities are governed by the Central Bank of Ireland. The Central Bank of Ireland is a direct member of the ECB, which comes under the European MiFID that facilitates a stable and uniform regulatory framework for Forex brokers operating in Europe. AvaTrade’s European presence also solidifies its exposure to all European countries through the European Economic Area agreement, which allows AvaTrade to operate in any European member nation without any additional authorizations.
The broker lacks an office in the United States of America, which does prevent the broker from tapping into the lucrative US financial markets. Nevertheless, the US has a few regulatory restrictions that might not suit most of the broker’s services, which might be the main reason why AvaTrade has avoided the US markets entirely. But AvaTrade has its presence in Central America through its British Virgin Islands office, which is regulated by the Financial Services Commission of the BVI. The Central American brokerage is aimed to cover the entire Central America, Mexico, and Latin America for individualized FX products for traders from these regions.
Elsewhere, AvaTrade has also set up its offices in South Africa, Japan, and Australia, and are regulated by the FSB, the FSA, and the ASIC respectively. The ASIC also has some serious regulatory guidelines that are considered to be on par with European and US regulators, which further solidifies the organizational strength of AvaTrade. On the other hand, Japanese, South African, and BVI regulators are considered to be strictly average, considering that they are relatively new in the field of regulating Forex brokers. Nevertheless, the FSA of Japan and the ASIC of Australia has instructed its citizens to only invest with brokers that are regulated by their respective countries, which does open up AvaTrade to a whole new demographic of traders that are currently inaccessible for most leading Forex brokers.
Opening an AvaTrade account is a straightforward affair, with traders getting the option to start trading with as little as $100. The minimum deposit and withdrawal limits are set at $100, where clients get to choose from all the major payment methods that are commonly associated with Forex broker payments. Traders can choose from Credit/Debit cards, bank wire transfers, Skrill, Neteller, or other online payment portals that are supported by the broker from time to time. The only problem with AvaTrade payments is that withdrawals can take an extended amount of time to be processed, while all deposits are completed within the matter of a few minutes or hours.
Traders are treated to the highest AvaTrade leverage of 1:400, with spreads starting from 3 pips. Unfortunately, all traders only get the option of a regular CFD account, which works on the market maker model. The absence of an ECN account does put the company on the back foot, especially for traders that are looking for competitive spreads, direct market access trading, and the ability to invest large sums of money in the FX markets. Nonetheless, AvaTrade is considered to be one of the biggest CFD brokers in the market that have the least conflict of interest with their clients.
How To Learn More About The Company’s Products Through An AvaTrade Demo Account
You don’t have to dive into a real trading account if you are not sure about AvaTrade’s services or trading products. You can always opt for an AvaTrade demo trading option, which has almost all the features and specifications of a real trading account without the associated risks. A demo account can surely help you to get acclimatized with the broker before deciding to trade with the broker for the long term.
A Brief Look Into The AvaTrade Platform Options
AvaTrade has one of the most extensive trading platform options in the market, which allows AvaTrade clients to access their accounts through the MT4 or the AvaTrader platforms. The MT4 is the popular option for most traders, but the proprietary AvaTrader is also proving to be a prime choice among existing AvaTrade clients. Traders also get additional trading options such as using copy trading strategies from third-party service providers such as MirrorTrader or use a PAMM account for money managers and investors. AvaTrade also provides a web trader interface, which works in tandem with the other desktop trading platforms that are currently on offer.
AvaTrade App For Mobile Trading On Smartphones & Tablets
AvaTrade mobile trading is also possible through the dedicated AvaTrade mobile apps designed for iOS and Android devices. The AvaTrade mobile platforms are compatible with most smartphones and tablets running on the iOS and Android, while traders can also use the excellent Web Trader interface for more direct access to their trading account. AvaTrade certainly has one of the best mobile trading interfaces on the market, especially the AvaTrader platform, which is designed by the company’s in-house platform developers.
- Company Information
- Founded In: 2006
- Website: www.avatrade.com
- Headquarters: Dublin, Ireland
- Licences: MiFID, ASIC
- Phone Support: +1-212-941-9609
- Instruments: Forex, Metals, Bitcoins etc.
- Trading Features
- Welcome Bonus: Up to 40%
- Max. Leverage: 1:400
- Min. Deposit: $100
- Trading Signals: No
- Mobile Trading: Yes
- Automated Trading: No
How Much Money Should You Deposit For An AvaTrade Bonus?
Regardless of the broker’s commitment to their customers, the company does not provide any AvaTrade bonus to its clients. For starters, it may seem like an oversight on the company’s part, but all things considered, AvaTrade has realized that bonuses do have numerous problems that can lead to issues with their clients. Therefore, AvaTrade has completely done away with deposit bonuses, which should disappoint a few traders in the market.
AvaTrade is an excellent choice of broker, but always trade with a demo account and understand your risk appetite before investing in the Forex market. If you have decided to forge ahead with your trading career, you should be able to guarantee the safety of your funds at AvaTrade without any worries.