AvaTrade started its operations in 2006 and has continued to be a key market player in the industry throughout the years.
According to the AvaTrade website, the company was created as a combined effort of financial professionals and experts in web-commerce and that its goal is to perfect the online experience for retail traders.
The company has offices in multiple locations all over the world, and its headquarters is located in Dublin, Ireland.
AvaTrade also boasts a 200,000 registered customer count, and a total trading volume that surpasses $60 billion per month.
In this review, we will explore the pros and cons of AvaTrade and its trading platform to try and answer the commonly asked questions from every trader.
The first thing we found interesting is AvaTrade’s account offers. In addition, they offer a standard account for the lowest initial deposit of $100, but as that amount increases to, or even past, the given thresholds for each label, so are the benefits and features delivered to the account holder.
Accounts at AvaTrade are namely Silver, Gold, Platinum, and also Ava Select.
AvaTrade also offers it customers to trade with Islamic Accounts that come up with Halal rules and operate under the Sharia Law. This account type is similar to a regular one, with one key difference; it is not subjected to any special fees or interest, which sits well with the finance principles of Sharia law. Particularly AvaTrade offers:
Notably, certain forex instruments (ZAR, TRY, RUB, MXN pairs) are not available on Islamic accounts, to trade these pairs, clients must give up their ‘Islamic account’ privileges and be subject to fees or interest. Also, crypto trading is not available on Islamic accounts.
AvaTrade has earned its place as one of the best online brokers today not only through its world-class services but with the availability of its financial instruments and tools, which are among the best in the industry, as well. However, the wide range of assets they cover is also vast, which is to be expected from a well-established company that has been in the business for more than ten years.
AvaTrade enables traders to engage in trading multiple assets while ensuring the safety and security of their accounts, not to mention their money, which allows for flexible and reliable trading experience.
Notably AvaTrade has many trading platforms to choose from listed on their website which users can access for no additional charge.
The following platforms are enlisted on the AvaTrade website:
Continue to read about AvaTrade.
Everything we’ve tackled so far might sound too good to be accurate and seems enticing especially to people who are just planning to begin trading without actually thinking through about the risks and conditions that come with the activity.
AvaTrade, however, reminds users of these and warns that profit is not guaranteed and that trading could be hazardous.
On their website, AvaTrade informs its users:
Risk Warning:
Trading CFD’s on margin carries a high level of risk and may not be suitable for all investors. CFD’s are complex instruments.
TRADING CHARGES:
All trading performed on this website/platform shall be subject to the following potential charges:
Notable feature of AvaTrade broker is the customer support. Customers can reach broker via live chat, international phone number (+353766705834) or also via the numerous local numbers.
In conducting this review, we did have our expectations for AvaTrade as they are one of the first online brokers to specialize in multi-asset trades and competitive spread offers and to say that we were surprised would be a lie.
Also 5 days of withdrawal time for the more affordable account types is just frustrating on our part. We don’t know about you, but sometimes for the sake of orderly and systematic financial organization, we like our money put immediately where they belong, and 5 days withdrawal just delays that significantly.
We also would have loved it if Metatrader 5 was an available option for the platforms as it has more advanced features and functionality. It is also quickly catching up to its predecessor, the Metatrader 4, in terms of popularity among traders all around the globe. We also thought that most of the platforms still really lack news and research use. This is becoming more and more like the plot of friv games other than what is described initially here. Taking into account this text, it should still be noted that it is possible to improve what is described by introducing game techniques, a striking example of which is the experience of Friv.
That’s not to say that that AvaTrade’s platforms are terrible though. We had a great experience with the flexibility that they provided us especially with the AvaTradeGO, a trading app dedicated for traders on the go and has a user-friendly dashboard without compromising the most advanced features that can be found on most similar apps.
Overall, we think going with AvaTrade is a great decision. If you’re one those people who can quickly deal with a long waiting time for withdrawals and just shrug it off or those who don’t really look for more when it comes to a trading interface, then, you wouldn’t really have any issues on relying on your trading activities with them.
Also, we have to mention that there’s a welcome bonus when opening an account with AvaTrade.
For a minimum $1000 initial deposit, you get a $200 bonus to your newly-opened account, and you receive more as your initial deposit increases.
So, is AvaTrade good? Yes. At least, in our experience, we believe it is.
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Good and trusted company for forex brokerage. They are experienced and skilled in the forex market. I gain profit from my trades, too.
Responsible and competitive brokers. They are transparent on all transactions. I am gaining good profit and satisfied with the services.
A good company to trade with. They've got so many profitable offers and services are really good.
Trading results have always been favorable for the past six months. Good broker.
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Good and trusted company for forex brokerage. They are experienced and skilled in the forex market. I gain profit from my trades, too.
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I am so much thankful with the good services and trading tools. These have helped me succeed in trading online.
Great overall trading experience. I have gained good profit from my trades. They are responsible in doing market research and they always come up with profitable signals.
The best customer service, they are willing to help me anytime. They are resourceful and efficient.