AvaTrade, set in 2006, is among the best forex brokers in the world with offices in New York, Dublin, Sidney, Milan, Tokyo and other locations. AvaTrade is regulated by the Central Bank of Ireland and by MiFID in the European Union. It is also regulated by ASIC in Australia, by the Financial Commission (FSC) of Services in Japan, as well by B.V.I. Financial Commission of Services in the British Virgin Islands.
Accounts
There is one standard account in AvaTrade and it requires $100 minimum deposit. The leverage is at 1: 400. AvaTrade offers both fixed and variable accounts, or floating, the spread starts from 0.9 pips. AvaTrade’s spreads are among the most interesting on the market.
There are many types of AvaTrade orders including market orders, limit orders, entry limits, stop loss, entry stops and trailing stops. Advanced orders are also available, for example, if orders placed and One Cancels Other orders.
Customer funds are kept in separate accounts for higher security. Coverage is permitted as well as spread bets. Spread Betting is the tax-free trade that involves placing long or short bets on more than 200 different financial instruments with leverage up to 400: 1. Spread bets are available on the highly popular MetaTrader 4 platform and can be done through a live account or demo.
Bets with spreads are only available for traders in the United Kingdom and Ireland. I was pleased to see when doing this AvaTrade review that a 21-day demo account was offered for new traders that start out in Forex trading.
AvaTrade was among the first Forex brokers to introduce CFD trading on commodities, indices, and stocks. It was also a step forward in presenting digital currency trading, guaranteeing access to the Bitcoin market to ordinary retailers.
AvaTrade also offers complete transparency of trading conditions, something we found extremely pleasing.
The website is easy to navigate and is clearly tabbed. It is available in English, French, Italian, Spanish, French, German, Portuguese, Arabic, Russian, Japanese, Chinese, Taiwanese.
AvaTrade Bonus
New customers opening an account at AvaTrade receive a very generous deposit bonus starting at $ 40 for a $ 200 deposit and going up to $ 10,000 for a $ 50,000 deposit.
In addition, there is a unique program, the avatrade bonus that rewards customers by making a single minimum deposit of $ 100,000 or those that exceed $ 100,000 in trading volume with a series of special offers, such as tailor-made educational programs, the express abstinence approvals, a dedicated VAT Select hotline, custom terms and business benefits and other special gifts.
Education
In addition to the benefits received from those participating in the avatrade bonus terms, AvaTrade account holders are also entitled to certain benefits, including access to a range of online courses and live webinars, as well as daily analysis.
Other Forex learning tools include the ebook, “Forex Trading Strategies” gives readers the opportunity to identify trends from news and technical analysis. AvaTrade also provides real time market news
The page of economic indicators of AvaTrade. They have been divided into a format very easy to understand. United States Economic indicators include a diverse selection of vital economic data including including inflation readings and NFP report. The company also provides substantial news coverage on key happening in the EU economic area.
In addition, the economic calendar of AvaTrade gives to the clients an outlook of the economic events that happen every day. They are filtered by a date, instrument, and importance.
In their Trading A – Z section, merchants can find the information about financial instruments, technical terms and fundamental concepts needed to make the educational process a smooth and interesting experience with as much flexibility as possible added to the learning curve. Is much more interactive and is a great improvement over the basic glossary which mainly covers basic trading definitions in A-Z order.
Deposits and Withdrawals
The deposit can be made by credit cards and bank transfers. The minimum deposit requirement is 100$. Withdrawals are made by filling out an online withdrawal form and the procedure takes several days.
Customer care
The Avatrade support team has won many prizes and the multilingual team is available by phone in 34 countries, by e-mail and live chat. You can access Customer support whenever you are.
Conclusion
The modern AvaTrade website is one of the easiest, accessible, and easy to access. For some categories of the order types section, the website divides the information into smaller sections so that the trader doesn’t feel overwhelmed by the huge amount of information received. We would have preferred a shorter withdrawal procedure and higher spreads, but overall we have enjoyed the flexibility offered by this broker, especially when it comes to selection of platforms, demo options and educational materials.