AvaTrade, initially established in 2006 as AvaFX, is an online forex and CFDs broker that is based in Dublin, Ireland. AvaTrade specializes in offering trading services for Bitcoin, commodities, equities, Exchange Traded Funds (ETFs), bonds and market indices.
Since their inception, AvaTrade has hugely expanded serving over 200,000 accounts on a global basis. The broker executes on a monthly basis more than 2 million transactions and often surpasses the $60 billion mark in total value.
With a solid financial backing and client oriented focus, AvaTrade has strived to provide their clients with a full range of services and products. This can be seen in the diversity of trading platforms that are available at AvaTrade and are supported by a team of multilingual support staff who are available on a 24/5 basis.
Apart for its operational base in Dublin and Ireland, AvaTrade also maintain several offices in several major cities and countries around the world such as Milan, Nigeria, Paris, Shanghai, South Africa, Sydney, Tokyo and Ulaanbaatar in Mongolia.
AvaTrade is regulated by various international bodies. They are:
AVA Trade EU Ltd is regulated by the Central Bank of Ireland (No.C53877)
AVA Trade Ltd is regulated by the B.V.I Financial Services Commission
Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (No.406684)
Ava Capital Markets Pty is regulated by the South African Financial Services Board (FSP No.445984)
Ava Trade Japan K.K. is regulated in Japan by the FSA (No.1662) and the FFAJ (No.1574)
You can trade more than 7 cryptocurrencies with AvaTrade. We will list all of them below with their respective characteristics:
Other cryptocurrencies coming soon: Monero and NEO
For most traders, one of the biggest concerns which they have concerning a broker is whether the broker is reliable. This is largely due to the fact that the online trading industry has for years been plagued with scam brokers. Understandably, beginner traders are anxious to make sure that the broker whom they sign up with is legitimate and reliable.
With AvaTrade, this is no longer a concern for traders. As a broker that has been operational for more than a decade, AvaTrade has already established a reputation among the online trading community as a broker with integrity and reliability.
Firstly, AvaTrade is an authorized and regulated broker that complies with the strictest regulatory requirements. It is able to provide its traders a safe and regulated environment which they can trade with a peace of mind. Specifically, AvaTrade holds licenses and authorizations for the following jurisdictions:
In testimony to its reliable track record, AvaTrade has since 2009 won a variety of awards in recognition of its achievements to the industry. Among their awards, AvaTrade has achieved the “Best Customer Support”, “Best Alert System” and “Best Financial Derivative Trading Provider”. Its latest achievement was given by us here at FXEmpire as “Best Forex Broker 2016”. AvaTrade has indeed proven itself to the online trading industry that is a legitimate and trustworthy broker.
One of AvaTrade’s main attractions is the numerous trading platforms that it has made available for its traders. Altogether, AvaTrade’s clients have a choice of 8 main types of trading platforms to choose from.
These various platforms include:
AvaTrade platforms are available on mobile devices as well. AvaTrade supports Android as well as iOS (iPhone and iPad) technology. AvaTrades’ clients have the option to choose between MetaTrader platform and AvaTradeACT.
To cater for beginner traders, AvaTrade has made available a strong suite of automated trading platforms and tools which they can use to improve their trading profitability. We will list some of the automated trading platforms that AvaTrade offers:
DupliTrade displays a list of the selected strategy providers, representing different trading methods and styles, giving you the possibility to build and enhance your portfolio. You need a minimum of 5,000USD to get access to DupliTrade.
RoboX is another very easy to use auto-trading solution:
MirrorTrader is an auto trading algorithm that helps you find and follow traders with successful strategies.
ZuluTrade converts the recommendations of experienced traders and executes them.
There are two other tools that traders can use: MQL5 Signals Service and Api Trading. The last one is for more experienced traders who want to automate their trading strategies and take advantage of fast execution.
To simplify matters, AvaTrade provides its clients with two types of trading account, a standard trading account and a demo trading account.
To open a standard trading account, there is a minimum deposit requirement which they have to fulfill. Depending on the trading account currency, the minimum deposit requirements are as follows:
Note: Swap free accounts are also available for Muslim traders who wish to trade the markets according to Sharia principles.
For professional traders who have to manage several trading accounts for their clients, there is also the Multi-Account Manager (MAM) account. The MAM account comes with the following features:
With the MAM system, traders can also access all the information and separate client accounts in order to manage their clients’ accounts effectively.
Important Note: MAM Accounts Not Available for European Traders
AvaTrade does not offer Islamic Accounts to cryptocurrency traders. It offers Islamic Accounts to all other types of traders.
Traders at AvaTrade can trade the various instruments with fixed or floating spreads.
AvaTrade trading accounts can be funded using credit/debit cards and bank wire transfer. Electronic payment transfers through eWallets are also supported by AvaTrade. These include Paypal, Skrill, NETELLER and WebMoney.
Withdrawal methods at AvaTrade are the same as those used for making a deposit. To request a withdrawal, simply fill out the withdrawal request form through the trading account on “MY AVA” dashboard. Follow the instructions listed in the withdrawal section located at the bottom left of the “MY AVA” screen. Once the withdrawal request has been submitted, it will take up to 5 business days for the request to be processed. In addition to the 5 days required to process the withdrawal request, it will take several more days for the entire withdrawal process to be completed and the money posted in the bank account of the trader. For a faster withdrawal turnaround, traders can apply for an Ava Debit MasterCard. With the Ava Debit Mastercard, the withdrawal time is cut down significantly.
As for the customer support service at AvaTrade, it is handled by a team of multilingual support reps. The team is available on a 24/5 basis hence ensuring that the AvaTrade’s trader will always get the assistance that he or she needs regardless of the time. To communicate with the support team, AvaTrade’s traders can do it by email, social media, live chat, fax and telephone. One of the best features about AvaTrade’s customer support is their localized support service. Dozens of localized telephone support numbers are provided by AvaTrade hence ensuring that their traders will not be burdened with excessive telephone charges.
Yes. AvaTrade is an authorized and regulated broker that complies with the strictest regulatory requirements AvaTrade is regulated by the Central Bank of Ireland, Australian Securities & Investments Commission (ASIC), Financial Services Commission (British Virgin Islands). The broker is especially tightly regulated in Japan with several agencies such as the Financial Services Agency, the Financial Futures Association of Japan and the Commodities Futures Association of Japan.
They operate by strict regulatory requirements designed to ensure the interest of its clients are protected. The fact that AvaTrade operates since 2009 and regulated by some of the most important regulators around the globe can ensure their clients to deal with a reliable company.
AvaTrade is based in Dublin, Ireland. AvaTrade also maintain several offices in several major cities and countries around the world such as Milan, Nigeria, Paris, Shanghai, South Africa, Sydney, Tokyo and Ulaanbaatar in Mongolia.
AvaTrade’s earnings are derived from the slightly widen spreads that it charges traders when they make a trade. Apart from their spreads, there are no hidden commission charged by AvaTrade. AvaTrade’s spreads are among the lowest in the industry.
Traders at AvaTrade can deposit funds into their trading account using their credit cards (Visa, Mastercard, etc), eWallets or bank wire transfer. eWallets payments includes: Paypal, Skrill, NETELLER and WebMoney.
Withdrawals are processed through credit/debit cards and bank wire transfer. To request a withdrawal, simply fill out the withdrawal request form through the trading account on “MY AVA” dashboard. Follow the instructions listed in the withdrawal section located at the bottom left of the “MY AVA” screen. Once the withdrawal request has been submitted, it will take up to 5 business days for the request to be processed.
To open a trading account simply fill out the account opening registration and click submit. You can follow the instructions through AvaTrade’s website.
Yes, AvaTrade is a reputable and a reliable broker. They have been operational for close to 10 years and have also won numerous awards recognizing their achievements. AvaTrade is an authorized and regulated broker that complies with the strictest regulatory organisations in various areas of the world.
Yes. The MetaTrader 4 trading platform is supported at AvaTrade. AvaTrade provides its clients with MetaTrader 4 (MT4) platform, Meta Trader platform for Mac, Meta Trader platform for mobile trading, Meta Trader platform for floating spreads and Meta Trader platform for web trading.
AvaTrade’s maximum leverage is 1:200. The leverage is set by a specific instrument and is in line with the client needs and requirements.
AvaTrade has won numerous awards over the years, and certainly proven that they are reliable and well respected in the industry. We were also equally impressed with the number of solutions that they have provided their traders. It doesn’t matter if a trader is a beginner or a seasoned professional; AvaTrade has ensured that all their trading needs are met. Clearly from all the advantages and benefits that AvaTrade has to offer to all their traders, the broker is an ideal choice for anyone looking to trade the exciting financial markets with confidence and safety in mind.