Avatrade Review and Tutorial 2018
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|Avatrade Facts & Figures|
Leading forex and CFD broker regulated in Ireland, Australia and South Africa. Avatrade are particularly strong in integration, including MT4
|Bonus||Up to 40% Deposit bonus|
|Instruments||CFD, Forex, Crypto|
|Regulated By||CBoI, ASIC, FSB|
|Mobile Apps||iOS and Android|
|FTSE Spread||1 pt|
|GBPUSD Spread||1.3 var|
|Stocks Spread||0.06 var|
|GBPUSD Spread||1.3 var|
|EURUSD Spread||0.7 var|
|EURGBP Spread||1.7 var|
AvaTrade is a leading international forex broker, and are part of the AVA Group of companies. Being founded in 2006, AvaTrade is one of the oldest online brokerages.
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 brokerages in the world, AvaTrade accepts clients from a huge range 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, underlining the brands growth and visibility.
Regulation & Reputation
Choosing a forex broker that is regulated by a reputable regulatory agency is of the utmost importance, for regulated status helps to ensure a company’s trustworthiness and competence. AvaTrade is most definitely a reputable firm, being regulated by several 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 by the FSA under license #1662 and the FFA under license #1574.
- In South Africa, the broker is licensed by the FSB under license #45984.
AvaTrade is among the best online brokerages in the industry in terms of reputation and reliability. The company has won numerous awards for “Best Customer Support”, “Best Alert System”, “Best Financial Derivative Trading Provider”, and “Best Forex Broker YEAR”
The firm have also now opened up the market in Canada via a collaboration with Friedberg Direct. The regulated broker is now able to offer clients access to the Avatrade platforms, including mobile trading and 24/7 support.
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’re a beginner, seasoned trading veteran, or something else. The following platforms offered by AvaTrade are:
- MetaTrader 4 platform
- Meta Trader for Mac
- Meta Trader for mobile trading (Download the Avatrade app directly here)
- Meta Trader for floating spreads
- Meta Trader for web trading
- The AvaTradeAct platform (Proprietary Platform)
In addition to these platforms, AvaTrade features various automated trading software to suit every person’s needs. The following are:
- Mirror Trader
- MQL5 Signal Service
- API Trading
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 as little as $100 using credit cards or with $500 via wire transfer.
In addition to the two standard accounts, Muslim traders are accommodated by offering ‘swap free accounts’ that operate in accordance to the Islamic Sharia Principle of interest free trading.
As well, professional traders can open up MAM accounts to easily manage several accounts for their clients. These types of accounts include the following features:
- Ability to create multiple sub trading groups
- All MT4 order types such as stops, limits and close are available
- Expert Advisors (EAs) compatible
- Minimum lot at 0.01 lots
- Multiple allocation parameters
- Order placements for unlimited client accounts
- Trade order placements from a master account
Bonuses & Promos
As for bonuses and special offers from the company, there are various signup bonuses AvaTrade introduces throughout their years. For instance, their current promotion is a bonus of up to $14000 for new traders who sign up. The bonus amount is determined by how much the initial deposit is. The company has been known to giveaway 100% deposit bonuses in the past, among various other promotions. As well, traders can receive a referral bonus of $75 – $400 for every successful referral that signs up and begins trading.
Instruments & Assets
AvaTrade excels once again at offering traders a wide array of financial trading instruments. Investors are free to trade:
- Forex – Over 50 currency pairs available, including all majors, minors, and many exotics available 24 hrs a day, 7 days a week. Traders can enjoy competitive spreads as low as 0.8 pips, and leverage up to 400:1.
- Cryptocurrency – Traders can trade 9 different cryptocurrencies with up to 20:1 leverage. These now include Ripple, Ethereum, Bitcoin and Bitcoin cash
- Indices, Bonds, Stocks, ETFs & Commodities – Traders of AvaTrade enjoy the highest of leverage along with very competitive and low spreads for trading these financial assets.
AvaTrade offers excellent customer support via several multilingual options. The options include live chat, email, FAQ page, social media, fax and through telephone. Telephone support is offered in a number of languages and countries throughout the world, including 21 different countries throughout Europe, 2 countries in Africa, 6 countries across Asia, 4 countries across South America, 2 countries in the Middle East and Australia.
The support offered is prompt and informative from local customer support representatives. The recent partnership in Canada for example, gives customers access to customer services of locally based Friedberg Direct.
Deposit & Withdrawal
Deposits – AvaTrade offers their clients a variety of deposit options. Traders may fund their accounts with credit cards (VISA, MasterCard, debit), Bank Wire Transfers, and numerous forms of E-Wallets such as Paypal, Skrill, NETELLER and WebMoney. The minimum initial deposit for opening up an account is only $100.
Withdrawals – Traders can withdraw their funds via the same methods used for deposits. Withdrawal requests will take up to 5 business days to process. Once processed, withdrawals will be completed as soon as the methods allow them to be completed. The fastest method of withdrawal is by using the Ava Debit Mastercard, which traders can apply for once signed up for an account.
AvaTrade Day Trading Tools
Education – AvaTrade has an exceptional education center. It may be the best one we’ve ever seen, complete with videos, eBooks, tutorials, glossaries, and more. There is a whole section on their website dedicated to educating their traders. As well, the whole site in general is very informative for day traders.
Trading Tools – AvaTrade has an abundance of features dedicated to successful day traders. One of their most impressive features is their automated trading software bundles which is exceptional for day trading.
Range of assets – There is a massive array of assets to choose from, which makes this brokerage great for day traders who are just beginning 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
Examples of the variable spreads at AvaTrade;
Is AvaTrade regulated?
Yes, AvaTrade is regulated by the Central bank of Ireland and licensed by 3 other regulatory bodies from around the world. The firm recently also became regulated in Canada for example.
What methods can I use to deposit funds at AvaTrade?
Deposits can be made through credit cards (VISA, MasterCard, debit), Bank Wire Transfers, and numerous forms of E-Wallets such as Paypal, Skrill, NETELLER and WebMoney.
Does AvaTrade accept international traders?
Yes, International traders are accepted from most countries, excluding traders from the USA.
How long will it take for my withdrawal request to be processed?
Within 5 business days. That is if you have everything set up with all the right documents.
Is there a fee for making a withdrawal?
No, there are just minimum amounts required for withdrawals.
What is the minimum initial deposit requirement at AvaTrade?
The minimum initial deposit requirement is $100. This is lower than many other similar firms.
Avatrade accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Avatrade from United States, Belgium, Zimbabwe, Iran, Iraq, India, Pakistan.
|Leading forex and CFD broker regulated in Ireland, Australia and South Africa. Avatrade are particularly strong in integration, including MT4|