AvaTrade Forex Broker Review
AvaTrade is an online broker created in 2006 in Ireland. The company headquarters is located in Dublin. AvaTrade also has 11 representative offices all over the world. The forex broker carries out its activities in the European Union, South Africa, Australia, Great Britain, Japan, and in the Middle East. Its main activity is focused on Forex, raw material, indexes, cryptocurrencies, and stock CFDs.
The advantages of AvaTrade:
• It is regulated by the large number of countries;
• Support service is accessible in 14 languages;
• Platforms are available in 20 languages;
• The availability of a demo account;
• Wide range of trading assets;
• Bonus for a friend registration;
• Lots of currency pairs.
The disadvantages of AvaTrade:
• It is not regulated in the USA, due to what it does not accept clients from there;
• The payment on account can take 5 days;
• Withdrawal can take up to 10 days.
AvaTrade account opening
Opening an own account with AvaTrade is quite simple. First, you need to fill in an application on the website; it is required to state your data: name, surname, e-mail, and telephone. Also, AvaTrade provides traders with the ability to log in using Google and Facebook. After the trader confirms his data, he can replenish the account and start trading.
The minimum deposit on AvaTrade is 100$. Deposits via credit or debit card will be done immediately. Transfers made via Webmoney, Neteller Skrill or Moneybookers will arrive in an account within a day. But bank transfers can be credited during a week; everything depends on a country and a bank directly.
It is worth remarking that if you do nothing for three months, the company will find such a trader 50$.
To close an account, it is necessary to go to the “MyAva” tab and perform the procedure for withdrawing the remaining funds. After that, you need to send a letter to the manager of AvaTrade or support service with a request to close the account.
AvaTrade offers three platforms at choice to its clients:
- ZuluTrade, DupliTrade, MQL5.
AvaTradeGo is an own platform of this fx broker. The terminal is rather understandable and progressive and mainly has positive user feedback.
Platforms with number 3 are actually for carrying out automatic trading; they allow copying the transactions of experienced traders.
The company provides a large number of educational tools on its education website. Beginning traders can find lots of useful information mainly focused on Forex trading and technical analysis. Also, you can find here the materials about the types of orders and economic indicators affecting the foreign exchange market.
An e-book is available for download by traders. Video lessons on the following topics will be very informative: “Advanced trading tools”, “Lessons for beginners”, “Forex trading strategies” and “MetaTrader 4 for beginners”.
Practically all of this information is located on the AvaTrade The Sharp Trader website. The materials collected on this resource will be useful not only for beginners but also for more experienced traders. Also, here is a daily fundamental and technical analysis of the market, which is conducted by the analyst of AvaTrade. The Sharp Trader presents such trading tools as an economic calendar, calculators, and trading platforms and much more.
AvaTrade support service
Assistance to AvaTrade clients can be provided by telephone or via chat and website.
On the web page, you can find a tab to fill in a special online request. In this form, you should indicate the reason for the request, your name, email, telephone and the official request itself.
Also, you can find on the official website of the company the page “Frequently Asked Questions”. On this tab, there is information about the withdrawal of funds, deposit, trading platforms, trading, support, and documents.
AvaTrade Support service is available round the clock 5 days a week.
AvaTrade is an international broker having a regulated rate for traders. The broker has worthy program software and good platforms. AvaTrade proposes an impressive number of quality training materials. This resource has good leverage. The broker has a strong credit of trust and meets the regulations of WebTrust, established by the American Institute of Certified Public Accountants.
AvaTrade Company was twice recognized as the best broker of Europe in 2017 and 2019.