AvaTrade promises a one-of-a-kind trading experience. However, do they offer services as promised? Here’s an in-depth AvaTrade review with everything you need to know.
Well, first and foremost, there are very few popular forex brokers today that have been around for more than a decade. AvaTrade has been in business since 2006.
Experience is a crucial factor to consider when choosing a forex broker because experienced brokers have been tested over time. It is easier to gauge the reputability of a broker who has been in business for a long time. In fact, such brokers are the least risky. Furthermore, being around for a long time allows a broker enough time to acquire adequate resources to provide all kinds of services across borders.
AvaTrade serves over 200,000 clients globally in 160+ countries. AvaTrade’s customers conduct over $60 billion worth of trades every month. That’s more than 2 million trades monthly.
Furthermore, AvaTrade is among the few forex trading brokers offering cryptocurrency trading services. AvaTrade customers can now buy and sell Bitcoin on the platform. Given the recent popularity of the cryptocurrency market and Bitcoin’s recent all-time high coupled with the challenges of buying Cryptocurrencies today, AvaTrade is arguably one of the best forex brokers in the world in this regard. What’s more is; you can buy/sell over 250 financial instruments! Trade CFDs, EFTs, Bonds, commodities, indices and much more.
Let’s first find out who is behind the company before diving deeper.
AvaTrade Review: Who is behind AvaTrade?
One of the best way of knowing if a company is a scam is checking the people behind it. AvaTrade was started in 2006 by a group of financial experts namely; Negev Nosatzki and Emanuel Kronitz alongside Clal Finance. Unlike most forex brokers today, AvaTrade owners are known. They are also experts.
Ownership aside, AvaTrade meets international regulatory standards for forex brokerage trading. AvaTrade complies with international regulatory standards set by multiple reputable regulators. This is precisely what should be expected from a forex broker offering services in multiple jurisdictions.
In Europe, AvaTrade has met Ireland’s Central Bank regulations. AvaTrade is also licensed and compliant with the MiFID regulations. In Australia, the broker is ASIC regulated. AvaTrade also operates in Japan where it is regulated by the FSA. AvaTrade is also able to offer services to many other countries in the world because the broker is registered in the BVI as a company offering financial services. The company is licensed by the BVI FSC which simply means the broker can do business globally. It’s clear that AvaTrade is regulated better than most forex brokerages available today.
Trading platforms and features
The effectiveness of a forex broker can also be assessed by the trading platforms offered. AvaTrade offers multiple trading platforms to suit all traders. For instance, the broker has AvaTrader and MetaTrader 4 platforms that offer all the trading services and features imaginable. AvaTrade also has special platforms for trading specific instruments such as MT4 for AvaOptions, MetaTrader4 Spread betting and MT4 for AvaOptions. The broker also offers automated and web trading services. AvaTrade has downloadable apps that allow you to trade using mobile devices like Smartphones and tablets. The trading platforms are also universally compatible with all major operating systems. You can trade on Android, iOS and Windows devices.
AvaTrade was initially started as a customer-oriented forex brokerage. The broker boasts of offering exemplary customer service given live chat, email and phone support services are available throughout. AvaTrade has also gone through the trouble of offering multilingual support services. Support is available in multiple languages including French, English, Dutch, Arabic, Chinese, Russian, Japanese, Italian, Portuguese and Spanish.
Promotions and deposit bonuses
We can’t write an AvaTrade review without mentioning the promotions and bonuses. AvaTrade happens to be one of the most generous brokers today given customers can enjoy bonuses from $35 to $14,000 depending on the amount they deposit. What’s more is; bonuses are credited instantly and usable for trading immediately, provided a client’s account is verified.
Banking options, initial deposit limit, and leverage
AvaTrade offers many banking options to its clients. You can deposit/withdraw funds via PayPal, debit/credit cards, Neteller, Skrill, and WebMoney. AvaTrade also accepts/does bank wire transfers. Deposits are automatic; however, withdrawals are manual. You must fill in/submit an online form to withdraw money. Withdrawals are processed according to industry standard, i.e. not more than 48 hours after submitting a withdrawal request. A withdrawal confirmation is sent via email. It’s worth notingit may take longer than 48 days for funds to be deposited in your account. However, there’s nothing to worry about given the timelines match industry standards for manual withdrawals.
In regards to initial deposits, you can deposit and start trading with $100. AvaTrade offers great leverage options as well i.e. up to 400:1.
Trading information and training
AvaTrade has gone a step further to offer free information and resources to its customers. According to numerous AvaTrade reviews, AvaTrade offers better resources and information than most brokers today. AvaTrade offers a trading calculator, economic calendar, market analysis, an Islamic trading account and much more. In regards to free training resources, AvaTrade offers training for beginners, video seminars, and eBooks.
AvaTrade also has a complete honesty policy. Customers know exactly how much fees and spreads they are subjected to. Leverage among other trading terms/conditions information are also openly and readily available.
Should you trade with AvaTrade?
After extensively researching AvaTrade, we can confidently say that the Forex broker surpasses our expectations. AvaTrade meets and surpasses our criteria for selecting the best Forex brokers online today.
There are many reasons for choosing AvaTrade. One, the broker stands out for providingcutting-edge technology. AvaTrade offers the best/most advanced trading platforms including MetaTrader 4 and mobile trading apps. The broker also offers cryptocurrency trading services and is constantly evolving/offering more financial instruments and features to keep up with the latest trading demands.
AvaTrader has also taken time to offer free education and trading resources to equip its traders with the information they need to become profitable. AvaTrade goes as far as publishing trading articles regularly. You can also open a demo with ease and a live account with as little as $100 and qualify for amazing bonuses up to $14,000.
Lastly, the broker is highly regulated by the best global regulators which eliminates any risk. Unlike other forex brokers online, you don’t have to worry about anything when you choose AvaTrade. It may take a while to make withdrawals; however, withdrawal times match industry standards for manual withdrawals.
Read more about AvaTrade: http://www.avatradereviews.com/
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