AvaTrade is a well-regulated broker with a global client base. Its international outlook is also reflected in the markets it offers. With AvaTrade there is something for everyone.
Headquartered in Dublin, the firm has nine regional offices spread across the world’s time zones. Other reassuring factors are that the firm has been trading since 2006 and currently supports more than 200,000 clients. Monthly trading volumes can be as high as $60bn.
The Central Bank of Ireland regulates AVA Trade EU Ltd, while the other subsidiaries trade under licenses from regulators in Australia, Japan, South Africa, and Abu Dhabi. Operational safety is also considered, and the innovative AvaProtect is a ground-breaking risk management product.
Instruments supported include forex, forex-options, stocks, commodities, indices, cryptocurrencies, bonds, and ETF’s. Leverage terms can extend to 1:400 and the total number of markets available is 250.
The broker’s efforts to meet all needs extends to it offering an extensive choice of top-class trading platforms. MetaTrader’s industry favourites, MT4 and MT5 are included. The broker’s proprietary dashboards DupliTrade and AvaTradeGO are useful additions while DupliTrade and ZuluTrade offer copy and social trading to complete the package. Trading infrastructure functionality includes various APIs.
AvaTrade is one of the most credible brokers in the industry. The firm is the subsidiary of a holding company with about $17 billion in market cap. It offers clients a variety of ways to transfer funds into their accounts and the 24/5 customer support service is professional and multilingual.
In terms of educational material, the broker provides several resources for both beginner and professional traders, including eBooks, trading videos, professional trading strategies and blogs.
**AvaTrade does NOT accept Clients from the USA**
Unique Features of Trading with AvaTrade
One strength of AvaTrade is the free use of forex trading APIs which support advanced automated strategies. These have a list-price running into hundreds of dollars but are provided free of charge to AvaTrade clients.
The AvaProtect risk management tool allows clients to protect a specific trade against losses of up to $1m over a chosen time frame.
Free Demo AccountNo Deposit Required
AvaTrade Platform Software
AvaTrader is a powerful, user-friendly platform that allows for single-click trading on all assets from a single screen. All the available platforms are fully customisable and come with their own blend of additional trade support tools.
MetaTrader 4 is the most popular retail trading platform in the world. It is robust, packed full of powerful software indicators, and has razor-sharp charting tools. It accommodates traders of all levels of experience and has a special place in the trading community as the go-to platform for automated trading.
Auto trading platforms, such as Mirror Trader and Zulutrade, are the leading auto trading interfaces in the industry. The auto-trading software allows you to duplicate the trades of skilled online traders, at any time, even while away from your computer.
AvaTrade Deposits and Withdrawals
The minimum deposit at AvaTrade is $100. Payments by credit and bank cards are processed almost immediately. The broker also accepts payments via wire transfers, PayPal, Neteller, Moneybookers, and WebMoney. With the Ava Debit Card feature of AvaTrade, clients can withdraw funds with no paperwork delaying the process; otherwise, it can take up to five days for the money to be transferred.
Beginner Trader Support
AvaTrade makes the explicit claim that the firm aims to create a user-centred forex trading experience for its clients.
AvaTrade’s journey towards meeting this aim starts with providing extensive support to new traders. The intuitive, simple interface, coupled with expert support staff available 24-hours a day, five days a week, in over 12 languages ensures that the questions posed by newcomers are answered swiftly. During our testing, issues raised with the support team were resolved in an acceptably short time.
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Is AvaTrade Safe to Use?
As a broker registered in Ireland, AvaTrade is subject to extensive and stringent EU regulations over its financial activities. Its parent company also has a $17bn market capitalisation.
Apart from subscribing to the highest industry standards in basic data encryption and server security, the firm employs a core cadre of IT experts to remain up-to-date with developments in information technology. That is to ensure that advanced security enhancements available to the market are applied as soon as possible to the broker’s system and trading software.
The Sharp Trader Education centre is a one-stop portal that caters to both the beginner and the professional trader. There you can find an assortment of tools and learning materials to suit your trading needs. They include:
- Analysis and Signals
- Market Reviews
- Free FX Signals
- Technical Analysis
- Economic Calendar
Introductory and free live webinars are available for those who are new to Forex trading. The webinars include guided tutorials with real-time market updates.
AvaOptions is for serious traders that seek to trade on Real FX Options. The platform offers OTC Vanilla options, with spot trading and options from one interface on over 30 currency pairs.
AvaTrade also provides Mobile Trading that is compatible with Android and iOS.
AvaTrade Review Conclusion
AvaTrade is an award-winning broker. It’s well regulated, financially strong and has a substantial number of clients across the world. It offers a range of trading platforms that cover all types of trading strategies.
The broad appeal and undoubted credibility of AvaTrade is also a disadvantage. There is a sense that AvaTrade doesn’t quite have enough of a specialist niche. The fact that the number of tradeable markets is limited to 250 won’t be a problem for many but will be a concern for some.
There is a hint that the broker is addressing the need for it to move out of being too ‘middle of the road’. An obvious example of a new-found appetite for development is the innovative AvaProtect product. It will attract the attention of many looking to enhance their risk management and it adds a bit of colour to the otherwise solid offering.
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Europe* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.