Ava Trade Review:
AvaTrade is one of the oldest online brokerage firms, having been founded in 2006. It currently has four offices in Japan, Australia, Ireland, and the British Virgin Islands throughout the world. It accepts clients from a wide range of areas and opens trading accounts in many currencies as one of the world’s largest and most recognized brokerages. Manchester City, the English Premier League winners, have announced a big collaboration with the corporation.
Regulation and reputation
The firm is certainly a respected company, regulated by several authorities from around the world.
- In Europe, the broker is regulated by the Central Bank of Ireland under license No. C53877.
- In Australia, the broker is licensed by ASIC under license # 406684.
- In Japan, the broker is licensed by the FSA under license # 1662 and by the FFA under license # 1574.
- In South Africa, the broker is licensed by the FSB under license No. 45984.
The company has also received numerous awards in the following categories:
- “Best customer support”;
- “The best warning system”;
- “Best Derivatives Trading Service Provider”;
- “Best Forex Broker of the Year.”
A relationship with Friedberg Direct has also allowed the company to enter the Canadian market. Friedberg Direct is a subsidiary of Friedberg Mercantile Group Ltd., which is a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and the majority of Canadian exchanges.
Trading platforms available.
One of the most striking benefits is that traders can choose from a range of trading platforms. Whether you are a novice or a seasoned trader, there is something for everyone.
The broker provides the following platforms:
- Platform MetaTrader 4;
- MetaTrader 5 trading platform;
- MetaTrader for trading on the go;
- AvaTradeAct Platform.
In addition to these platforms, the firm provides a wide range of automated trading software to suit the demands of each client. The following are some examples:
- mirror trader;
- Signal Service MQL5 (signal service);
- API Trading;
Most clients can choose between two types of accounts, making account management simple. There are two types of accounts: standard and demo. A standard account can be started with a $100 deposit via credit card or $500 via bank transfer.
Aside from the ordinary account, Muslim traders can take advantage of “swap-free accounts,” which follow the Islamic Shariah ideal of interest-free trading.
Professional traders can also open MAM accounts to manage several accounts for their clients more easily. The following features are included in these account types:
- The possibility of forming numerous trading subgroups;
- Stops, limits, and closing trades are among the many types of MT4 orders available.
- The smallest lot size is 0.01.
- Orders for an unlimited number of client accounts can be placed;
- Trading orders are placed from the master account.
- Promotions and Bonuses (Bonuses may not be available depending on the geographic location of the client; you will need to contact the firm for more details).
There is a fantastic educational facility. Videos, e-books, tutorials, glossaries, and other resources are available from the company. Their official website features a part dedicated to education for their merchants.
Instruments and assets
Forex: More than 50 currency pairs are available 24 hours a day, 7 days a week, including majors, minors, and several exotics. Traders can take advantage of cheap spreads as low as 0.8 pips and leverage as high as 400:1.
Traders can trade 9 different cryptocurrencies with a leverage of up to 20:1.
Traders can trade indices, bonds, equities, ETFs, and commodities with some of the largest leverage available, as well as competitive and low spreads.
The new options trading platform simplifies the process and expands the alternatives available to individuals who want to use it.
AvaSocial, the broker’s social and copy trading platform, is also available for download. Traders can mimic trades from successful and popular investors using the mobile app, which is accessible for iOS and Android smartphones. Users can also select whether to trade manually on market indications or use a completely automated service. The FX, stock, cryptocurrency, and commodities markets are all open 24 hours a day, 7 days a week.
AvaSocial is a fantastic social trading platform as well. Through community channels, users may communicate with other traders, ask questions about specific tactics, learn more about the crypto markets, and find a trading mentor. It’s especially good for new traders.
The broker provides outstanding customer service in a variety of languages. There’s a live chat, email, FAQ page, social media, fax, and phone number. Phone assistance is offered in a variety of languages and countries throughout the world, including 21 nations in Europe, two in Africa, six in Asia, four in South America, two in the Middle East, and one in Australia.
Funds deposits and withdrawals
Clients have a variety of alternatives for funding their trading accounts. Traders can fund their accounts with a variety of methods, including credit and debit cards (such as VISA and MasterCard), bank transfers, and e-wallets (such as PayPal, Skrill, NETELLER, WebMoney, etc.). A $100 deposit is required to create a trading account.
When it comes to withdrawals, traders can utilize the same techniques they used to deposit money. Withdrawal requests will be processed in at least five business days. The withdrawal will be completed once it has been processed. The MasterCard debit card, which traders can apply for after registering an account, is the fastest withdrawal method.
Countries AvaTrade does not work with
The firm does not accept traders from: