AvaTrade Review

AvaTrade was established in 2006 under the name AvaFX. it’s a broker specializing in CFDs, but it also offers Forex trading through their different platforms. Regarding security, AvaTrade is regulated by the financial institution of eire , which may be a huge advantage over several other brokers that are regulated in Cyprus.

Account opening

Opening your account with AvaTrade is comparatively quick. To open an AvaTrade account, click on “Create Account” from the official website of the broker. Then continue with the account opening form and supply your personal information. The platform will then ask you to verify your identity.

This procedure is a component of the “Know your customer” or KYC policy. you’ll already know that each one financial institutions are required to verify the identity of their customers. This protects the economic system
especially from concealment . Therefore, don’t be afraid to submit the requested documents as verification.

To verify your account, you’ll got to submit a scan of your ID card or passport, also as proof of residence like a utility bill or residence certificate. the info contained in your documents must correspond to your entries once you open an account. confirm you countercheck them before confirming. After verification, you’ll proceed to deposit funds on the AvaTrade platform.

Note that you simply won’t be ready to change the bottom currency of a trading account. We must therefore make the proper choice. However, you’ll add new accounts with different currencies and transfer funds between them. the bottom currencies available are EUR, USD, GBP, and AUD.

AvaTrade offers a welcome bonus to its customers. The bonus offer requires a minimum deposit which may be up to $ 1000. The bonus is within the sort of additional trading capital credited to your account. additionally to your initial deposit, this greatly increases your margin. If you would like a bonus, contact AvaTrade support to seek out out if you’re eligible.

However, bonuses are subject to conditions! These may vary, but remember that you simply will got to trade a particular volume on AvaTrade before you’ll withdraw the bonus. that’s why we recommend that you simply don’t take any bonus on AvaTrade.

Type of accounts

AvaTrade mainly offers 3 sorts of accounts: the quality account, the professional account and therefore the demo account.

The standard account is accessible to most traders. it’s an account where the leverage is restricted to 1:30. After the
tightening of the principles associated with leverage by the ecu Securities and Markets Authority (ESMA) in 2018, most CFD brokers now offer this sort of account.

The main advantage of the quality account is that the protection of your trading capital against negative balance. Indeed, if you trade on margin, it’s possible that your trading capital falls below zero. AvaTrade reduces the danger of exposure of its clients by offering this sort of account.

Traders on the Pro account can enjoy leverage of up to 1: 400. Access to the professional account, however, requires one condition: you want to be knowledgeable fund manager, and thus manage significant capital.

The demo account to AvaTrade to check the various platforms of the broker. AvaTrade has proprietary platforms, so it might be knowing start with a demo to urge a thought of the various trading tools available. The demo account allows you to access an equivalent markets because the standard account. you’ll be ready to test your strategies in real time on AvaTrade.

Deposit and withdrawal

Rather limited deposit methods for European residents.

AvaTrade offers several deposit methods: bank transfer, payment by card, also as electronic transfers by PayPal, Neteller and Web Money wallets. However, deposits through these wallets aren’t available for European residents who got to be limited to wire transfer and card payment.

The minimum deposit for the bank transfer is 500 € if the euro is that the base currency of your account. If you decide for payment by card, the minimum deposit is merely € 100.

Card deposits are faster, your funds are going to be immediately available for trading after the transfer. Your first deposit may however be delayed by a couple of minutes for verification reasons. For a bank transfer, you’ll got to wait up to three working days before seeing your funds in your AvaTrade trading account.

Regarding withdrawals, you’ll always make an invitation by bank transfer by providing your bank details on the platform. However, with the opposite withdrawal methods, you can’t withdraw quite your initial deposit. If the withdrawal amount exceeds your initial deposit, the difference are going to be transferred to your checking account .

Suppose you create a deposit of $ 100 by MasterCard . After a couple of operations, you manage to double your capital then order a withdrawal by card of 200 €. during this case, your initial 100 € are going to be returned to your card then your winnings are going to be transferred to your checking account .

Trading fees

The trading fees at AvaTrade are affordable, but the broker charges an inactivity fee.

AvaTrade doesn’t generally charge commissions. The positions are therefore only subject to a selection which is variable. it’s averaging 1.3 pip on EUR / USD. this is often an advantageous commission-free spread, because it can climb to quite 2 pips with some brokers. The spread is expressed either in pip or in percentage, we’ve put within the following table the spreads of a number of the foremost popular assets.

Assets Spreads in pips Spreads in%

• EUR / USD 1.3 N / A
• Apple N / A 0.13
• Gold 0.4 N / A
• Bitcoin N / A 0.75

AvaTrade debits a fee of $ 50 from your account after 3 months of inactivity. additionally , an account maintenance fee of $ 100 is deducted after 12 months of inactivity. The inactivity fees at AvaTrade are rather high. So remember to form a withdrawal request once you aren’t trading for a period of your time .

Other fees associated with trading can also apply to your account like overnight fees or rollover fee

Trading platforms

To take advantage of the financial markets, you would like a trading platform. AvaTrade provides you with several platforms to research the markets and develop your strategies. The broker offers you Metatrader 4 also as its proprietary platforms AvaOption and AvaTradeGo.

Metatrader 4

Metatrader 4 may be a simple and straightforward to use platform. It incorporates all the features you would like for successful trading. Metatrader is suitable for both beginners and experienced traders. this is often what makes it the foremost popular trading platform.

With the indications built into it, you’ll use Metatrader 4 for your technical analysis. it’s also easy to feature new indicators or program them. Indeed, MT4 features a section dedicated to
programming and its programing language is MQL4. MT4 allows you to feature Expert Advisors as a plugin. These are programs that automate your trading.

Ava Option

AvaOption may be a proprietary AvaTrade platform dedicated to the choices offered by the broker. it’s a really powerful platform consistent with the traders specializing in options that we contacted. The platform provides ample information on Forex currency pairs. It incorporates advanced risk management tools to guard the capital of AvaTrade clients who have an interest in options.

AvaOption also features a graph integrated into it to conduct your technical analyzes. This platform is nevertheless more complex than Metatrader 4. But the AvaTrade demo account allows you to get its features without taking any risk.

AvaTradeGo

In addition to offering Metatrader 4 which has its mobile version, AvaTrade has developed its own trading application called AvaTradeGo. it’s available on Android and on the iOS system. it’s an application with a neat and intuitive design. AvaTradeGo also features a small chart that permits you to follow the fluctuation of the assets that interest you while you’re on the move. The mobile platform also offers the likelihood of making a shortlist of the assets of your choice, in order that you’ll be ready to access the knowledge you would like more quickly.

Financial markets and products

A diversified offer on CFDs and adapted to all or any sorts of investors.

Through AvaTrade’s platforms, you’ll trade Forex, CFDs, indices, stocks, ETFs, cryptocurrencies, commodities, also as options.

Regarding the latter, they’re of the vanilla type. Vanilla options are derivative products that give the proper to sell or buy an underlying asset at a price defined beforehand within a given interval . The
vanilla options are simpler than exotic or American options which have more parameters outside the straightforward act of shopping for or selling calls and puts.

Options on AvaTrade are primarily offered on Forex, Gold and Silver currency pairs. With AvaOption, you’ll use option strategies like hedging, straddle or strangle.

When it involves CFD trading, you’ll find the subsequent markets on AvaTrade:

• Indices : the SP500, the Nasdaq, the Russel, or the dollar index.
• Commodities : oil, gas, gold, silver, platinum, also as some agricultural assets.
• Stocks : you’ll trade CFDs of all the foremost traded stocks within the world.
• ETFs : some ETFs also are listed as CFDs.
• Cryptocurrencies : if you’re a lover of virtual currencies, you’ll find
  the most popular cryptocurrencies on AvaTrade : Bitcoin, Ripple, Ether, Dash or Litecoin.

A dashboard fully equipped with analysis and research tools.

AvaTrade features a platform rich in resources. you’ll find many analysis tools there like the economic calendar or Autochartist . The latter is an automatic technical analysis tool compatible with Metatrader 4. Autochartist analyzes the marketplace for you and detects the simplest trading opportunities.

AvaTrade Research

If you’ve got a preference for fundamental analysis, AvaTrade offers you another tool
called Sharp Trader . this is often a market news feed updated daily by the
AvaTrade analyst team.

Customer Support

Good customer support with multilingual telephone support.

AvaTrade tries to form an honest impression on its customers or potential customers. Since its creation, the broker has continued to supply assistance in new languages. they’re among the few brokers offering local language telephone support in countries where they are doing not have an office.

You can contact them through online chat or email. the web chat is responsive and convenient enough to seek out answers to your questions associated with AvaTrade trading platforms or other information regarding the brokerage service. Agents won’t hesitate to forgo links to the resources available on the AvaTrade site for more information.

Free online trading training with 56 videos.

AvraTrade offers free training on their website. it’s a relevant training which will assist you understand all the essential aspects of monetary markets and online trading. additionally , there’s a piece of writing version for those that prefer reading. In exchange for your email, AvaTrade offers you the training compiled during a PDF document.

Security

The broker uses advanced technologies to secure your transactions.

AvaTrade has registered with several regulatory bodies round the world. The broker is regulated in Ireland by Irish financial institution . It thus stands out from many brokers who are only regulated by CySec in Cyprus. additionally , the broker is licensed by the Australian Securities & Investments Commission (ASIC) which regulates its branch in Australia.

AvaTrade has offices in Japan where they’re under the jurisdiction of the Financial Services Agency (FSA) and therefore the Financial Futures Association of Japan (FFAJ). The broker is additionally present in South Africa where they’re regulated by the South African Financial Sector Conduct Authority (FSCA). AvaTrade’s international branch is regulated by British Virgin Islands Financial Services Commission within the British Virgin Islands.

Regarding transactions through its platform, AvaTrade has used McAfee Secure technology to make sure the protection of their clients’ funds. Also note that AvaTrade’s client accounts are segregated with the assistance of their various partner banks round the world.

Conclusion

We have a positive opinion of AvaTrade. In terms of security, the broker easily convinces any trader with, especially , regulation on all continents, the segregation of accounts and therefore the use of the newest encryption tools to ensure the fluidity of transactions on its platform.