Our AvaTrade Review
AvaTrade is one of the top-rated Forex brokerage companies in the world. This AvaTrade review seeks to provide forex traders with every piece of information, which they should know about the AvaTrade Forex broker.
About AvaTrade
AvaTrade was established in 2006 as a Forex brokerage company known as AvaFX. It has its headquarters in Dublin, Ireland and offices in Madrid, Johannesburg, Paris, Milan, Sydney, Tokyo, Mongolia, Santiago, and Beijing.
AvaTrade has obtained licenses from many regulators; this is one of the reasons why many traders for trading forex trust it. It has two tier-1 licenses, one tier-2 license and two tier-3 licenses.
AvaTrade has received tier-1 licenses from the following regulators;
- Australian Securities & Investment Commission (ASIC).
- Japanese Financial Services Authority (JFSA).
Also, AvaTrade is a member of the Investor Compensation Company DAC (ICCL). They provide a wide variety of trading platforms for their clients to trade on desktop, web and mobile platforms.
Avatrade Review on Special Features
- $100 minimum account deposit.
- Clients can trade cryptocurrency as CFD.
- AvaTrade offers educational tools.
- Maximum leverage is 400:1
- Multiple payment options for deposits and withdraws.
- It has its own web platform.
- Avatrade offers military grade encrypted security platform for its clients.
- Demo virtual trading is available on AvaTrade.
- AvaTrade offers social trading/copy trading system.
- AutoChartist tool is available for clients.
Avatrade Review on Trading Education
AvaTrade offers educational materials to its clients in the form of courses, tutorials, articles and webinars. The training is grouped into beginner, intermediate and advanced levels.
They also provide articles on a variety of topics to allow traders to find solutions and answers to common trading problems.
Avatrade Review on Trading Accounts
Avatrade offers a wide variety of trading accounts for its clients. They have a demo account for beginners and novices in Forex trading. They offer Islamic accounts for those who trade based on the Sharia law.
Moreover, there is the availability of Ava Professional accounts, which allows you to get up to 400:1 on Forex pairs 25:1 on some crypto currencies.
Avatrade Review on Safety and Security
As a top forex broker, they offer their clients military grade encrypted safety platform and also employ skilled Tech professionals to keep their system running. This has been able to keep their trading software and clients account safe to avoid being compromised by hackers and cybercriminals.
Avatrade Review on Commissions And Spreads
They charge different fees for margins, spreads, and overnight interest. Traders will also be charged for inactivity.
Most times, there are no commissions for traders, as AvaTrade makes profits from its spreads. Traders can either select to make use of fixed spreads or variable/floating spreads.
Avatrade Review on Bonuses and Promotions
Occasionally, they offer welcome bonuses to new clients and traders.
Avatrade Review on Pros and Cons
| PROS | CONS |
| They provide training support for novice traders. | No MetaTrader 5 support
|
| Provides traders with varieties of trading tools. | Hidden fees |
| Educates traders with articles on technical analysis and market research. | No ECN platform |
| 24/5 Customer Support | No AvaTradeAct for web. |
| Provides traders with a wide variety of cryptocurrency offerings, CFDs and Forex. | No PAMM account. |
| Mobile trading platform. | Fees are charged on stagnant accounts.
|
| Web Trading. | |
| Offers plenty of payment options. |
Avatrade Review on Payment Methods
AvaTrade provides several payment options for clients to make deposits and withdrawals in their trading account. The payment methods include;
- Bank Wire.
- Boleto
- DinPay
- FasaPay
- gCard
- MoneyBookers
- MasterCard
- Neteller
- PaySec
- PayPal
- SafeCharge
- Skrill
- Tranzila
- UnionPay
- VeriTrans
- VISA
- VoguePay
- WebMoney
Avatrade Review on Customer Support
AvaTrade customer support has got you covered as they can be reached via phone, mail or live chat on their website. Also, they offer support in 14 different languages.
Conclusion on Avatrade Review
Regardless of your experience, AvaTrade provides you with comprehensive materials which will step up your trading and make you acquainted to CFD trading.
Good customer service, quick response to queries
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