Avatrade in Brief
Avatrade is today one of the most reliable brokers in France. Its platform is simple and perfectly suited for beginners (min $100 deposit only) as well as experts. Its customer support is highly responsive and withdrawals are fast. If you are looking for a trusted broker, Avatrade is here to meet your needs!
Present in the world of online trading since 2006, with a head office in Ireland, the operator AvaTrade was created by bringing together financial professionals and online trading specialists. Today, this online broker is attracting a growing number of investors interested in online trading. Here is our complete test of this broker.
How to reach AvaTrade?
It only takes a few minutes to register on AvaTrade. A form to fill in and send to the administrator for validation, an email to the candidate for confirmation, and hop! The trader can activate his account and access the site’s home page. Registration is free of charge. To start trading, a minimum deposit of $100 is required.
A lump sum bonus is offered for each first deposit of funds, which can range from $40 to $10,000. In order to be able to receive and withdraw this bonus, the trader is invited to carry out transactions and reach a volume equivalent to the amount of the bonus, within a maximum period of one year
A wide range of choices is available to AvaTrade’s clients for online trading: Forex, equities, commodities and indices. These are all areas where they can negotiate.
Trading for all with AvaTrade
With a trustworthy environment, AvaTrade relies on the support of all types of traders, from beginners to experienced ones. That is why it has set up several platforms for all levels.
An exclusive offer dedicated to AvaTrade traders then takes shape with AvaTrader. It is a web platform for beginners, for its ease and simplicity of use. However, it has all the features required for trading, such as graphs and market analysis.
MAC enthusiasts are spoiled with the presence ofAvajavavaa powerful tool for AvaTrade traders for easy and smooth transactions.
Metatrader is the tool of choice for experienced traders. Professional platform, it is a necessary element for large investments. In addition to graphical tools, and other usual equipment, it allows instant order execution, and allows automated trading.
AvaTrade also offers social trading, with MirrorTrader. This tool facilitates the copying of strategies, and the automatic reproduction of the latter.
Mobile users are not left out on AvaTrade, they have access to operations through AvaTrader and Metatrader specially dedicated to tablets and smartphonesand benefit from all the functionalities of these platforms.
To enable large customers to trade in large volumes, AvaTrade has set up appropriate accounts. Premium accounts: Silver, Gold, Platinum and Ava Select are among the choices. Clients in this category benefit from a quick withdrawal time and a personal expert account manager. They also have access to the daily economic calendar, direct trading rooms and VIP gifts.
Quality commercial assistance
Customer satisfaction is very important to AvaTrade. As soon as they joined, it set up a rational support system. Comprehensive trading training courses are aimed at beginners.
Innovative tools such as video tutorials, webinars and e-books are available to help them integrate fully into trading. The methods are affordable, to introduce traders to CFDs and Forex. All levels benefit from adapted strategies to improve their skills.
And a specificity that is rare in the field, AvaTrade offers its traders a free demo account, to get them used to the platforms and all the tools, as well as the appropriate methods, for 3 weeks. In all cases, advisors who speak the language of the branch offices’ country are available to listen to customers 24 hours a day.
Financial trading instruments
With more than 200 financial instruments, AvaTrade offers the following main types of orders: market orders, stops/limits, entry orders and advanced orders. Details of each type of order can be found in the “documentation” section of the site. The main currency pair proposed for Forex trading is obviously the Euro/USD. The most commonly used indices in the field are metals such as gold, silver, commodities such as oil or gas, and also shares of large companies.
The broker’s remuneration
AvaTrade does not earn any profit except for the spreads of each client transaction. This is the reason for the higher rate applied to spreads compared to other brokers. Indeed, AvaTrade’s spreads are 3 pips for the Euro/Usd pair against 2 for the others. However, traders have the choice of opting for variable spreads with more profitable offers depending on market trends.
Leverage is also a means of gain for both traders and AvaTrade. On the classic platform, the maximum is 200:1, while on Metatrader, the ratio is 400:1.
AvaTrade: straddling regulations
An online trading company is not allowed to operate in a country without a license. It is also clear that AvaTrade complies with the laws in force in the countries where it operates its subsidiaries. International financial regulations are the only ones allowed in the world of online trading, hence the reliability of AvaTrade, whose structures are governed by them.
The European Union allowed the creation of this financial company. In Ireland, it is regulated by the Central Bank of Ireland, which is controlled by MiFID, which imposes a regulatory regime within the European Economic Community. The management is the same in all countries where AvaTrade exists. That is why the Australian Securities & Investments Commission, ASIC has granted it an accreditation in Australia.
Safety first and foremost
AvaTrade uses all the tools necessary for the security of its investors. HackerSafe McAfee Secure provides data security assurance, and True-Site guarantees information protection. In order to avoid any risk of hacking on its site, 256-bit SSL encryption has been integrated into the system. In fact, AvaTrade is Web Trust certified by the American Institute of Certified Public Accountants.
As for client funds, in accordance with the instructions of the international financial institutions, an account has been specially opened to protect them: a repayment fund has also been created to cover them in the event of force majeure.
Quality service rewarded
Finally, one last point in favour of AvaTrader: this broker deserves its reputation as a reliable broker. Its quality has been repeatedly confirmed by various awards, including the Forex Magnates Best Affiliate Program in 2012 and the Best Affiliate Program in 2014.