In this review, we’re going to discuss the online Forex industry leader AvaTrade. This is one of the most respected and used online trading platforms available these days, with a huge amount of features and tools that makes it easy for even beginner traders to start making money. If you want to know whether AvaTrade is the platform for you to use, then read on and find out.
AvaTrade was founded in 2006. Since then, they have been able to create one of the most popular trading platforms with cutting-edge technology so that their traders can make as much money as they desire. The core of the company is really the software that they provide for trading, but you might also say that the traders that make up the AvaTrade ranks are the core of the company as well. As of this writing, more than two million trades are placed every month at AvaTrade and there are more than 200,000 traders with registered accounts.
But AvaTrade doesn’t just offer a trading platform. You might say that they are an entire university of online trading, with educational resources and tools that are freely available to all traders. For the new trader, there are courses, videos and many other tools to learn how to trade successfully before they have to spend a single penny. In addition, AvaTrade keeps their traders up to date with the latest news from the financial marketplace, including news about the assets that they are trading on. The parent company for AvaTrade is Ava Group, which has a presence in Ireland, Japan and Australia.
Traders don’t need to worry about safety and security when it comes to AvaTrade. They are licensed by the highest authorities in the land that oversee financial trading. For example, the Ireland division of AvaTrade is regulated by the Central Bank of Ireland. In Japan, there are several agencies that the company reports to. ASIC oversees the company in Australia and the respected Financial Services Commission (FSC) regulates the company in the United Kingdom. This means that you can put your trust in AvaTrade and know that they are a legitimate company with extremely high security standards and practices.
Let’s talk about some of the features at AvaTrade, including some pretty unique ones that you won’t find with another trading platform. They do have the standard features that you’ll find elsewhere, such as a demo account, documentation and analysis tools, but they also can boast some pretty unique and extremely powerful auto trading tools that you get with the standard platform.
The auto trade tools are one of the most advanced features that AvaTrade offers and they come in three forms. The first is the AvaAutoTrader, a tool that is specific to this platform and is reportedly one of the most advanced automatic trading tools ever created. AutoTrader from Ava offers algorithm trading for those that are interested in hedge funds and the like. Traders will also have access to ZuluTrader, which allows them to create their own strategies. Finally, there is a custom API where a trader can completely determine everything and choose what type of auto trading to do.
Another unique feature, although it is becoming more common these days, is an Islamic account that follows Sharia law. In addition, if traders deposit more than $100,000 they get access to the Ava Select Club, which has some pretty incredible perks.
There are four different types of accounts that someone can get, depending upon activity and deposit: Silver, Gold, Platinum and Ava Select.
Let’s move onto the trading platforms. As previously mentioned, there are several platforms to choose from. AvaTrader is just one of those platforms, and although it is one of the most popular, some traders prefer to use others. AvaTrader gives traders the option to trade Forex with just one click. It also offers great stuff like market news and analysis, along with all of the charts you need to determine your trade. It will work on just about any PC out there but you do have to download it.
MetaTrader 4 is another platform that AvaTrade makes available to their customers. It is well known among traders, and considered one of the best trading platforms out there. All of the things that you’d expect (and want) come with MetaTrader, including transparent pricing, multiple languages and a whole lot more.
Finally, if you are using a Mac, AvaTrade has a platform that is specific just to Mac users. You can trade Forex or other markets and it can perform behind your firewall. With this software, it is browser based so you don’t need to download anything. Whatever your choice is, there is no doubt that AvaTrade is very committed to giving customers exactly what they want, with several different platforms to meet their needs, and configuration within those platforms for even more customization.
There are lots of ways that you can learn to be a trader or improve your trader skills with AvaTrade. They have a comprehensive suite of learning tools so that those who are new to trading can know how to proceed, as well as live market analysis, up-to-the-minute market news and a host of economic indicators that will help you make a decision on which trades to do.
Let’s talk about the special bonuses that AvaTrade offers to new investors. The bonus amounts vary depending upon how much the trader’s initial deposit is. The bonuses are really great though, ranging from a 100% matching bonus to a chance to receive a bonus of $10,000, again depending upon the deposit. You’ll have to check AvaTrade for details on exactly how much you’ll need to deposit.
In addition to the new trader bonuses, AvaTrade also offers rewards for regular players and referral bonuses as well. Once you are no longer a new trader, you still lots of great bonuses to make trading with AvaTrade as pleasant as possible. Referring your friends can earn you anywhere from $75 to $400 in bonus cash, as long as they make a deposit with AvaTrade.
Of course, as a new trader, you might be concerned about depositing money that you aren’t sure you are ever going to get back. While trading does carry some risk, with a little knowledge and practice you’ll be able to make trades that make you money easily. Luckily, AvaTrade provides a tool that makes that easy. If you don’t want to open a regular account quite yet, then you can open a demo account instead, which will allow you to trade just as if you had an actual live account, but using virtual money.
Here are the current deposit options offered by AvaTrade:
Withdrawal is pretty easy at AvaTrade. Their processing time is between 5 and 7 days, which is pretty standard for an online broker. In fact, it is quite a bit faster than some of the largest brokers. Once the processing time is up, then it just depends upon the policies of your bank or other financial institution.
Let’s talk about the financial instruments and markets that AvaTrade offers. There are so many of them that it is really difficult to describe just how vast the selection is. Stocks, commodities and currencies are just a few of the markets that you can trade in at AvaTrade.
AvaTrade does offer customer support and it is excellent. Because they have such a strong presence in other countries, there may be a phone number for an office near you. If not, there is still the regular telephone customer service, live chat, email and more. You can get in touch with customer support five days a week, 24 hours a day.
There are so many good things about this broker that is would be impossible not to recommend them. They have a whole lot to offer traders. With the demo account, there is no reason not to give AvaTrade a try. If you like what you see, then you definitely should register a regular account. Once you deposit money you’ll be able to start earning money and maybe become a full-time online trader.
This online trading broker is one of the leader forex brokers in the industry with several trading platforms and financial instruments. One of the huge advantages with Avatrade is their incredible auto trading solution for both new beginners and advanced traders.
Risk Warning: Trading may not be suitable for everyone, so please ensure that you fully understand the risks involved.
Minimum Deposit: $100
Minimum Trade Amount: $0,01 lot
Maximum leverage: 1:400
Regulation: Central bank Ireland
Trading Platform: Avatrade & MT4
Special offer: Up to USD 100
Phone, Live chat and Email