AvaTrade is a well-known Forex & CFD brokerage firm. The firm was first established in 2006. AvaTrade is a member of the AVA Business Group. The AVA group’s headquarters is located in Australia and the Republic of Ireland. AvaTrade has an excellent track record, making it one of the top online Fx & CFDs Brokers in the industry.
AvaTrade Regulations
Six top-tier financial authorities regulate AvaTrade,
- The Central Bank of Ireland
- The BVI Financial Services Commission on the British Virgin Islands
- The Australian Securities and Investments Commission (ASIC)
- The Financial Sector Conduct Authority (FSCA) in South Africa
- The Japanese Financial Services Agency (FSA)
- The Financial Futures Association of Japan (FFAJ)
- The Abu Dhabi Global Market Authorities Financial Services Regulatory Authority (ADGM – FSRA)
- The Polish Financial Supervision Authority.
Opening AvaTrade Trading Account
AvaTrade is a global broker, as the company accepts clients from almost all over the world, with some exceptions that include the USA, Belgium, and Iran. The minimum required to open a trading account with AvaTrade is $100. Trading accounts with AvaTrade come with five major currencies: USD, EUR, GBP, CHF, and AUD.
You can choose the trading account that best suits your needs and investment goals from among the various AvaTrade trading accounts:
- Retail account (EU)
- Standard account (Rest of the world)
- Professional Account with higher leverage.
- Corporate account
- Options account – to trade FX options
- Spread betting account
- Islamic account
AvaTrade offers the option to open an Islamic account based on Islamic Sharia law as a commitment from the company to provide all its clients with trading accounts that suit their religious beliefs. Interest-free Islamic accounts do not support trading cryptocurrency.
Opening an AvaTrade trading account is quick, easy, and digitized.
- Primary data” Full name – country – email – phone number – address – date of birth.
- Choose an account type and trading platform.
- Determine the base currencies.
- Leverage size.
- Some questions regarding your level of trading experience.
- Verify your identity.
Deposit & Withdraw & Fees
AvaTrade offers its clients various withdrawal and deposit options and quick money transfers. It is one of the key factors for choosing an online broker to enjoy providing multiple online payment solutions suitable for all world countries. AvaTrade applies a deposit fee of $0 to any withdrawal or deposit. You can choose your preferred payment method from:
- bank transfer
- credit/debit cards
- Neteller
- Skrill
- Klarna
- Webmoney
- POLi for Australians
The minimum deposit to open your trading account is $100.
AvaTrade Spread
AvaTrade offers its clients the ability to trade on various investment instruments, including forex, commodities, indices, stock trading, bonds, ETFs, and binary options.
AvaTrade offers leverage of up to 1:30 for some “forex” foreign currency pairs. For gold, indices, non-major currency pairs, the leverage is 1:20. For trading stocks and commodities other than gold, the leverage is 1:10. For cryptocurrency trading, the leverage is 1: 2. Finally, trading CFDs instruments may reach 1: 400.
As a trader, you should always look at each broker’s fees and compare them to choose the right one for you. As for trading fees, the company does charge $0 for trading. You can open and close positions without charging any fees.
The standard spread for the EUR / USD is 0.9 pips. This rate is competitive with a minimum deposit of $100. The average fee for CFDs is competitive compared to other trading brokers, as it comes at 0.13% of the underlying trade value, which is really impressive.
The company imposes swap fees – Overnight fees. AvaTrade is characterized by complete transparency in this matter, as you can find the prices directly through the trading platform if you want to keep your positions open for the following days. AvaTrade charges a Trading account inactivity fee of $50/quarter.
AvaTrade User Experience
AvaTrade offers a variety of powerful trading platforms to choose from:
- WebTrader
- MetaTrader 4, The traditional trading platform
- MetaTrader 5.
- AvaOptions, AvaTrade’s trading platform for CFD options
- AvaTrade GO, AvaTrade’s mobile trading platform
If you are already a trader, you will feel at home once you start trading with AvaTrade, as you can start trading using the traditional market platform MT4 and MT5 Trading Platforms for all types of trading accounts.
If you have an Options Trading Account that will require trading on Ava Options Trading Platform. AvaTrade also provides its own technology under AvaOptions and AvaTrade GO’s name. AvaOptions Platform is for traders who want to trade options offered on FX currencies and gold.
The platform includes a wide range of advanced risk management metrics so that you can control all your trades effectively. AvaTrade provides Market Trends and Ava Trade’s social / copy trading Service.
The broker always works to provide clients with the best trading tools as you can use expert advisors with your AvaTrade account. EAs are simply software that allows automated trading on the MetaTrader4 platform.
AvaTrade Customer Support
AvaTrade provides its clients with customer support to answer any inquiries you may have. You can reach technical support by just a phone call, live chat, or browse their blog and the FAQs, where you can look for what you want. You can choose your native language to communicate from among the languages supported by AvaTrade. This makes it relatively easier to explain what you want.
The service is available 24/5 from Monday to Friday. The languages supported by AvaTrade are English, Arabic, Japanese, Chinese, Malay, Indonesian, Russian, French, Spanish, Italian, German, Polish, Hindi, Korean, Portuguese, Dutch, Finnish, and Swedish.
AvaTrade Final Thought
AvaTrade is well-licensed and regulated by high-level financial authorities in the EU, Japan, Australia, South Africa, UAE, and the British Virgin Islands. AvaTrade’s client base has grown to over 200,000 registered traders and increasing. AvaTrade provides hassle-free account opening with a wide range of payment methods with executing over two million trades per month. Trading Platforms that are flexible and easy to use.
