AvaTrade


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AvaTrade Platform Review

Overview of Services and Facilities

AvaTrade.com is an online forex broker offering dealers over 250 financial instruments for currency trading and CFD trading in shares, cryptocurrencies, and indices. It has both web and mobile based sites/applications, including for Mac, allowing access from any device. It provides spread betting and social trading facilities.

 

AvaTrade has a wide range of services for dealers trading in currencies and CFDs and provides access to open markets across all time zones, as it operates on a 24-hour 5-day per week schedule. Although originally focused on forex it has re

branded itself and expanded to offer a wider range of CFD instruments including in cryptocurrencies.

Like most online trading facilities, it provides a free demo account for newcomers to learn and test their investment strategies before registering for a live account.  It also supplies guides for beginners, with the charts, graphs, and tools used to analyze market trends, along with a forex manual and video tutorials.

There is a minimum deposit requirement of USD/ GBP/EUR 100 which is enhanced with a 40% bonus when opening a full live trading account.  Payment is accepted via debit/debit card, wire transfer, Paypal, Neteller, and Payoneer. All accounts are subject to due diligence verification checks on identity for KYC and AML compliance. There will also be a series of questions to check an investor’s knowledge of trading and understanding of the risks involved.

One of the better features AvaTrade offers is a live chat facility, available at all hours of the day or night, and in many languages, to support the needs of its users.

About the Company

Ava Capital Markets Ltd was established in 2006 in Dublin, Ireland, where its head office is located. It also has regional offices or sales centers in Paris, Milan, Madrid, Tokyo, Beijing, Santiago, Johannesburg, Abuja, and Sydney so is a truly multi-national operator, available 24/5. It is authorised as a financial broker and regulated by license through the Central Bank of Ireland (no C53877), the BVI Financial Services Commission, the Australian Securities and Investment Commission (no 406684), the South African Financial Services Board (FSP no 445984), the Japanese Financial Services Agency (no 1662) and the Financial Futures Association of Japan (no 1574).

 

Full List of Asset Classes to Trade in

  1. Stocks and shares – covering all shares listed on the main UK, US, German, and Japanese Exchanges.
  2. Currencies –  allows trade in 59 pairs, including all major currencies as well as minors and exotics
  3. Cryptocurrencies –  through CFDs for many recognized cryptoassets including Bitcoin, Ethereum, Ripple, Litecoin, and EOS.
  4. Indices –  as per shares it offers CFDs for the UK, US, German and Japanese stocks indices
  5. Commodities –  includes dealing in 16 commodities covering the metal, energy and agricultural markets.

 

Bonuses and Promotions

AvaTrade.com currently offers a 40% bonus on the first deposit by a trader, up to a maximum USD/GBP/EUR 10,000, subject to terms and conditions of use and withdrawal which can be found on the website.

 

Charges and Commissions

The commission is based on the spread of different assets, averaging around 2 PIPs. This can be fixed or variable and rates vary according to the nature of a transaction There is also an overnight rollover fee, typically about USD/GBP/EUR 5, for positions held open after market close.

 

Deposits and Withdrawals

As mentioned previously, deposits can be made via credit/debit card, wire transfer, Paypal, Neteller, and Payoneer, and any withdrawals will be directed through the same payment provider. Withdrawals usually take 1 to 2 business days to process but may take longer in certain instances, particularly where verification of customer id is incomplete.

 

Avatrade Advantages and Disadvantages

Advantages

  • Analytical tools for determining trends and patterns.
  • Comprehensive currency pairing mixes
  • Good mobile app

Disadvantages

  • Only one standard account

It provides a variety of analytical tools for determining trends and patterns in the markets, as well as advice and insights, although these are often through a third-party link. With a background in forex trading it includes one of the more comprehensive currency pairing mixes for dealers, and with its diversification into cryptocurrencies can meet the needs of most traders. This includes weekend trading for cryptocurrencies and low margin requirements. Its mobile application is relatively new so has limited add-on functions and features but these will be added in due course.

 

Conclusion

This platform is best suited to the truly global trader looking to deal in currency markets around the world, due to its 24-hour operating service. However, it does not cover a comprehensive range of global stock markets and for those who look to concentrate on stocks and shares, there are other online platforms which can better meet their needs.

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