AvaTrade

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

TRADE NOW - Minimum Trade Deposit £200

AvaTrade is an online forex broker which is based in Ireland and has been operating since 2006. It has offices throughout the world, and it offers its clients a choice of 250+ trading instruments including equities, indices, cryptocurrencies, bonds, commodities, and EFTs.

The company is an official partner of Manchester City FC and is a Regulated broker in Australia, Europe, Japan, the British Virgin Islands and South Africa.

AvaTrade currently has 200,000 registered traders worldwide, who place more than two million trades per month. The company also prides itself on staying ahead of the competition and was one of the first forex brokers to introduce CFD trading on commodities, stocks, and indices.

Ongoing education is just one of the benefits of being a customer, and with an account, you gain access to webinars, free videos, e-books, articles, and daily market analysis reports in a variety of languages, which are pitched at traders of all levels.

Regulations

Avatrade is regulated by ASIC in Australia, the FSA and FFAJ in Japan, The South African Financial Services Board, the Central Bank of Ireland, and the B.V.I. Financial Services Commission in the British Virgin Islands.

Reliability

The company has earned an excellent reputation in the forex trading industry since it launched in 2006 and is authorised and regulated by multiple jurisdictions, including the European Union.

It’s also won several awards, including Best Forex Broker 2016, Best Financial Derivative Trading Provider, Best Customer Support, and Best Alert System, and is currently Manchester City FC’s Global Official Online Trading Partner.

Client funds are held in segregated accounts for increased security. Plus, clients’ funds are guaranteed by the Investor Compensation Company for up to €20.000.

Trading Platforms

There are eight trading platforms to choose from that range from downloadable and mobile to web-based and automated.

Web Trading
The web trading platform comes courtesy of MT4. It allows for instant trading, pending and stop orders, multiple charting options, and one-click trading, and also offers access to a wide range of analytical tools and overlays.

Automated Trading
The automated trading software lets you copy the trades of experienced forex traders.

MetaTrader 4
MetaTrader 4 is available for desktop, mobile, and web, and boasts many trading features and capabilities that other platforms do not. You can set up trading orders easily, with predefined stop losses and targets being executed immediately. You can also track instrument price fluctuations and examine graphs and charts while plotting the trends to locate your planned trades.

Mobile Platform
The AvaTradeGO mobile app for iOS and Android allows easy and fast trading on the move using a user-friendly dashboard and advanced features. There’s also an MT4 mobile app.

Account Types

You can choose between a Demo Account and a Standard Trading Account.
Standard Accounts require a minimum deposit of £100.

Demo Accounts mirror real-time market prices and conditions while avoiding real-world risk. They offer new traders a great opportunity to see what trading style and instruments suit them. By default, Demo Accounts are available for twenty-one days, but if you wish to extend your access beyond this point in time, you can contact Customer Services.

Cryptocurrencies Trading

You can trade a wide range of cryptos around-the-clock with as little as £100. The site offers competitive swap rates, up to 2:1 leverage, and makes it possible for you to go short and potentially profit when a crypto’s price drops. Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin, EOS, and Ripple are the main cryptocurrencies that you can trade with.

Commissions and Spreads

AvaTrade doesn’t charge hidden commission or fees, but it makes money from spreads. Spreads are as low as 0.5 pips for Gold and 1.9 pips for EUR/USD.

Deposits and Withdrawals Options

Making deposits and withdrawals is easy, and you can choose from the following payment options:

• Visa
• MasterCard
• Bank Wire
• Skrill
• Neteller
• Webmoney

The minimum amount that you must deposit is £100. Withdrawals will process within 24 hours, provided your account has been verified. Once processed, it can take up to 24 hours to receive your funds via e-wallet, up to five business days via credit/debit card, and up to ten business days via wire transfer.

TRADE NOW - Minimum Trade Deposit £200

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Customer Support

Customer support is via live chat, online contact form, and telephone, 24 hours a day from Monday to Friday.

Support Telephone: +1-212-941-9609
Support Email: Online contact form
Social Media Profiles: Facebook, Twitter, YouTube, Google+

Q&A

• Is the site regulated?
Yes. AvaTrade is a regulated broker in Australia, Europe, Japan, the British Virgin Islands and South Africa.
• How does AvaTrade make money?
The company is compensated via spreads.
• How to deposit
You can deposit funds into your account using a credit card, debit card, Neteller, Skrill, Webmoney or Bank Wire.
• How to withdraw
The withdrawal methods are the same as the deposit methods. Withdrawals take up to 24 hours to be processed, and the total time that it takes for your approved withdrawal to reach you depends on your chosen payment method.
• How to open an account
On the website’s homepage, you’ll see the option to “Register Now” (i.e. open a standard trading account) or “Try Free Demo”. Both options require you to complete an online registration form following on-screen prompts.
• Is AvaTrade reliable?
Yes. The company has been in business for twelve years and has won several industry awards for its achievements. It’s also authorised and regulated in multiple regions around the globe.
• Does AvaTrade use MetaTrader?
Yes. MetaTrader 4 is one of the software platforms that traders can choose to use. There are also web-based, automated trading and mobile trading platforms available.
• What is AvaTrade’s leverage?
The maximum leverage available is 1:400.