Since 2006, the world knows such a global MarketFx and CFD brokerage as AvaTrade.Com. The Central Bank of Ireland is the main regulatory body. This broker belongs to the known AVA Group. The great age of AvaTrade stands for the rich experience in the sphere of trading. The broker allows numerous tools for algorithmic and social copy-trading. However, no more than a thousand of tools are available at the moment.
Currently, it is possible to find 4 offices of this broker. They are located in Ireland (the head office), Japan, Australia, and the British Virgin Islands. You can trade assets in many different currencies. From cryptocurrencies to vanilla options, it is up to you to decide. Mind that almost 80% of all traders lose money with AvaTrade. After all, CFDs are the rather risky option in general. It is critical to learn how the system works and how to predict market fluctuations before you start trading real money.
Things That You Can Trade and Available Features
This brokerage offers a great variety of trading platforms. That is why most types of investors, from starters to veterans of trade, will find something of an interest for them. You can pick one of the following systems for trading:
- MetaTrader 4 & 5 (the most popular options)
- Meta Trader for MacOS
- Meta Trader for mobile devices
- Meta Trader for web browser
- The AvaTradeAct platform (Proprietary Platform – native option)
As for today, it is possible to trade more than 1,250 assets with this broker. The popular options are Amazon and Apple, for instance. You can trade:
- Stocks & bonds
- MarketFx options
Once again, remember that dealing with CFDs is very risky, so you should first study and analyze the industry in-depth. Mind that some of the public stocks are not represented at AvaTrade.Com. As for the currencies that you can use on this platform, they include US Dollars, Euros, Pounds, Yen, Swiss Francs, and more.
It is very simple to register account at this service. The free demo is available for AvaTrade. It is enough to provide user’s name, email, and phone to begin the journey. It is up to you to choose the preferred device for running this platform.
Launching Personal Account and Fees
After the sign up process, connect personal bank account with your account. It’s possible to pay and fulfill your account using wire transfers, credit cards, and some other known payment systems. You will also need to upload some documents. For example, it is necessary to add a utility bill and a valid copy of a national ID.
When it comes to the spreads, we cannot call it the best side of this brokerage. At least, they are higher than those offered by MarketFx.Com. Typically, the spreads are 0.9 pips on this platform. The good news is that the broker re-established fixed spread fees that made it possible to minimize spreads. The minimum deposit is $100. Investors with more than a couple thousand dollars to deposit may discover other brokerages suggesting lower average spreads. If you think that you are ready to upgrade your account to the advanced one, which is MAM, they will obtain the features listed below:
- Opportunity to come up with numerous sub-trading teams
- Expert Advisors (EAs) compatible
- Plenty of allocation parameters
- All MT4 order types like stops
- Order placements for unrestricted user accounts
Withdrawal requests may take up to five business days. The quickest way to withdraw your money is via Ava Debit MasterCard.
It is possible to run AvaTrade through web browser, Android, and iPhone applications. Users will obtain fast and simple account summary views and trades. The native platform is elementary and simple to use.
What about the Research Options?
AvaTrade possesses a great offering of research instruments across numerous channels. One of such social-copy trading platforms is DupliTrade. The broker added various pattern-recognition instruments for tech and fundamental evaluation. If you deposit at least $500, you can count on this feature. AvaTrade updates tech and fundamental analysis
How Secure and Legal Is AvaTrade.Com?
reports on a daily basis.
Most financial experts call this platform for trading low-risk compared to its rivals. The credibility score is 93/99. Such bodies as the Australian Securities & Investment Commission (ASIC) and the Japanese Financial Services Authority (JFSA) control and supervise the activities at AvaTrade. Thus, this brokerage is well-regulated and considered safe on the market.
It is also interesting that this broker was the first to obtain a 3A license in Abu Dhabi. AvaTrade is partially regulated by Abu Dhabi’s Financial Services Regulatory Authority. It makes it possible for this platform to operate in that region too. The corporate structure made of several entities that match the local regulations. This brokerage has obtained several important rewards, proving its competence and authority. Among them, there are “Best Customer Support” and “Best Alert System.”
To sum up, the pricing is an average. The local customer support service is rather disappointing. The number of tools to use is restricted and research is underwhelming. However, AvaTrade is a trusted and secure broker, so the risks depend on you.