Avatrade Review and Tutorial 2020

AvaTrade is a leading international forex broker, and is part of the AVA Group of companies. Founded in 2006, AvaTrade is one of the oldest online brokers. Our review includes details on the trading platforms, mobile app, deposit methods and MT4 integration. We also compare trading costs, spreads and leverage. From Bitcoin to vanilla options, whatever you want to trade, see if Avatrade will suit you.

 

 

The company now has four offices around the world, located in Japan, Australia, Ireland and the British Virgin Islands. As one of the largest and most respected online brokers in the world, AvaTrade accepts clients from a wide variety of regions and accepts trading accounts in a variety of currencies.

The firm also recently announced a major partnership with English Premier League champions Manchester City, underscoring the growth and visibility of the brands.

Regulation and reputation

Choosing a forex broker that is regulated by a reputable regulatory agency is of the utmost importance, as regulated status helps ensure the reliability and competence of a company. AvaTrade is definitely a reliable firm that is regulated by various authorities from around the world.

• In Europe, the broker is regulated by the Central Bank of Ireland under license # C53877.
• In Australia the broker is licensed by the ASIC under license # 406684.
• In Japan, the broker is licensed under license # 1662 and the FFA under license # 1574.
• In South Africa, the broker is licensed by the FSB under license 45984.

AvaTrade is one of the best online brokers in the industry in terms of reputation and reliability, and you can trade with confidence. The company won several awards for “Best Customer Service”, “Best Alert System”, “Best Financial Provider for Derivatives” and “Best Forex Broker YEAR”.

The firm has also now opened up the market in Canada through a collaboration with Friedberg Direct. Friedberg Direct is a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and most Canadian exchanges. Friedberg Mercantile Group Ltd. is located at 181 Bay St., Suite 250, Toronto, ON M5J 2T3, Canada.

Types of trading platforms available

One of the most impressive aspects of AvaTrade is the number of trading platforms available to traders. There is literally something for everyone here, whether you are a beginner, seasoned trading veteran or something else. The following platforms offered by AvaTrade are:

• MetaTrader 4 Platform
• MetaTrader 5 Platform
• Meta Trader for Mac
• Meta Trader for mobile trading (download the Avatrade app directly here)
• Meta Trader for web trading
• The AvaTradeAct Platform (Property Platform)

 

In addition to these platforms, AvaTrade includes different automated trading software to meet each person’s needs. The following are:

• RoboX
• Mirror Dealer
• MQL5 signal service
• API Trading
• Duplitrade

Trading Accounts Offered

AvaTrade keeps things simple with their accounts by offering only two account types to most traders. A standard account and a demo account. Standard accounts can be opened with credit cards up to $100 with a bank transfer.

In addition to the two standard accounts, Muslim traders are accommodated by offering ‘exchange-free accounts’ that operate in accordance with the Islamic Sharia principle of interest-free trading.

 

 

Professional traders can also open MAM accounts to easily manage different accounts for their clients. These types of accounts include the following features:

• The ability to create multiple sub-trade groups
• All MT4 orders such as stops, limits and closes are available
• Expert Advisors (EAs) compatible
• Minimum lot at 0.01 lots
• Multiple assignment parameters
• Order posts for unlimited customer accounts
• Trade order placements from a master account

Bonuses and promotions

Depending on the geographic location, bonuses may be available; contact AvaTrade for more information.

Instruments and assets

AvaTrade excels once again by offering traders a wide variety of financial trading instruments. Investors are free to trade:

• Forex – Over 50 currency pairs available including all majors, minors, and many exotics available 24/7. Traders can enjoy competitive spreads as low as 0.8 pips, and leverage up to 400:1.
• Cryptocurrency – (Not available in Canada) – Traders can trade 9 different cryptocurrencies with up to 20:1 leverage. This now includes Ripple, Ethereum, Bitcoin and Bitcoin cash.
• Indices, Bonds, Stocks, ETFs and Commodities – AvaTrade traders enjoy the highest leverage, along with a very competitive and low spread to trade these financial assets.
• Options – Avatrade has made trading options accessible to traders of all experience levels. The new options platform trades the complexity of vanilla options and offers a variety of opportunities for those curious about using the product.

Customer Service

AvaTrade offers excellent customer support via several multilingual options. The options include live chat, email, FAQ page, social media, fax and telephone. Phone support is offered in a number of languages and countries around the world, including 21 different countries in Europe, 2 countries in Africa, 6 countries across Asia, 4 countries in South America, 2 countries in the Middle East and Australia.

The support offered is fast and informative from local customer support. For example, the recent partnership in Canada gives customers access to customer service from the local Friedberg Direct.

Deposit and withdrawal

Deposits – AvaTrade offers a variety of deposit options to their customers. Merchants can fund their accounts with credit cards (VISA, MasterCard, debit), bank transfers, and numerous forms of e-wallets such as Paypal, Skrill, NETELLER and WebMoney. The minimum initial deposit for opening an account is only $100.

Withdrawals – Traders can withdraw their funds using the same methods used for deposits. Withdrawal requests take up to five business days to process. Once processed, withdrawals are completed as soon as the methods are allowed to complete them. The fastest method of withdrawal is by using the Ava Debit Mastercard, which merchants can apply for once they’ve signed up for an account.

AvaTrade Day Trading Tools

Education – AvaTrade has an exceptional education center. It’s perhaps the best we’ve ever seen, complete with videos, ebooks, tutorials, glossaries and more. There is an entire section on their website dedicated to educating their traders. The whole site in general is very informative for day traders.

Trading Tools – AvaTrade has a plethora of features dedicated to successful day traders. One of their most impressive features is their automated trading software bundles that are exceptional for day trading.

Range of Assets – there is a huge range of assets to choose from, making these brokers great for day traders just starting out or seasoned veterans.

Free Trading Coaching Course – The recent promotion of the partnership with Manchester City Football Club included some free trading courses. Specific details can be found here: MCFC Online Trading Course

Avatrade spreads

Examples of the variable spread at AvaTrade;

Spreads are competitive at Avatrade, and they are constantly working to reduce them further. Especially on the crypto market, the firm has made great progress. Recently, the spread of cryptocurrency trading decreased by 50%, but an announcement revealed that they have been hampered by another third. As brokers gain confidence in the liquidity of the markets, they can be bolder with spreads.

Aanvaarde lande

Avatrade aanvaar handelaars van Australië, Thailand, Kanada, die Verenigde Koninkryk, Suid-Afrika, Singapoer, Hong Kong, Frankryk, Duitsland, Noorweë, Swede, Italië, Denemarke, die Verenigde Arabiese Emirate, Saoedi-Arabië, Koeweit, Luxemburg, Katar en die meeste ander lande.

Handelaars kan nie Avatrade van die Verenigde State, België, Zimbabwe, Iran, Irak, Indië, Pakistan gebruik nie.

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