AvaTrade Review 2020

AvaTrade is a highly respected and reputable online trading brokerage with extensive experience as they were founded back in 2006. Since their establishment, AvaTrade has seen massive growth and now serves more than 200,000 customers around the globe and executes more than 2 million trades a month which account for over $60 billion in monthly trade volume.

AvaTrade’s customer base and trading volume is so massive because they are an international trading brokerage with head offices in Italy, France, Japan, Spain, Australia, Mongolia, China, Nigeria, Chile, and South Africa. However, the brokerages primary headquarters are located in Ireland at Five Lamps Place, Amiens Street, Dublin 1, Ireland.

The tradable products offered by AvaTrade consists of over 250 tradable instruments including:

• Forex currency pairs
• CFD trading on bonds
• Stocks
• Indices
• ETFs
• Commodities
• 24/7 cryptocurrency trading.

These tradeable products are available to all traders via the suite of sophisticated trading platforms featured by AvaTrade.  Let’s explore more about this broker in the AvaTrade Broker Review.

Compared with many other online trading brokerages, AvaTrade features very favorable trading conditions by offering traders tight spreads and zero commission trading on all of their tradeable products. As well, clients can choose whether they want to trade with fixed or variable spreads. This is a huge advantage to traders as both types of spreads can be good depending on the trading style of the trader.

Fixed spreads are set at 1.9 pips for the EUR/USD currency pair, which is okay for a casual trader but rather high for an experienced active trader. Therefore, active traders can choose to trade with floating spreads starting from 0.7 pips for the EUR/USD currency pair. As for other tradeable instruments, the spreads are very reasonable and competitive with the industry standards.

One more thing to add, traders with a quarterly trading volume of $100 million or more will benefit from reduced spreads. Therefore, high net worth institutional investors are incentivised to trade with AvaTrade.

AvaTrade features not one but three highly sophisticated desktop trading platforms to choose from as well as three automated trading software platforms. Literally every type and experience level of trader has something that will suite their needs specifically. The trading platforms featured by AvaTrade are the ever popular :

1. MetaTrader 4 (MT4) desktop and
2. WebTrader platforms, as well as
3. AvaTrade’s proprietary web-based trading platform, AvaOptions.
4. In addition to these trading platforms are the automated trading software platforms; DupliTrade,
5. MQL5,
6. ZuluTrade.

With all of this highly sophisticated trading software and platforms provided by AvaTrade, traders have everything they need to competently trade and participate in the financial markets.

In addition to the selection of desktop based trading platforms, AvaTrade provides an advanced mobile trading application called AvaTradeGO. AvaTradeGO is available for free download from the Apple App Store and the Google Play Store for both iOS and Android mobile devices. AvaTradeGO allows traders to stay informed with real-time news feeds & social trends with notifications and watch lists. As well, traders can execute orders and manage their portfolio directly from the intuitive mobile trading interface.

AvaTrade keeps things simple by offering traders only three types of trading accounts, a Standard Trading Account, an Islamic Trading Account, and a Demo Account. All accounts are free of charge but require a minimum deposit of $100 to open the account. The Demo Account is also free and provides traders with the opportunity to test out AvaTrade’s products and services with virtual money.

AvaTrade provides their clients with a wide array of deposit and withdrawal options. For instance, deposits and withdrawals can be made via various leading debit and credit cards such as VISA and MasterCard. As well traders can deposit funds with Bank Wire Transfers and numerous e-wallets such as PayPal, Skrill, NETELLER and WebMoney. The minimum initial deposit amount is $100, and no deposit or withdrawal fees apply. Also, all withdrawals must be completed via the same method as they were deposited. Withdrawals are processed within 1 – 2 business days and are allotted 10 business days to be completed.

AvaTrade provides their customers with phenomenal customer support that’s available 24 hours a day, 7 days a week. Customers can contact support via email, live chat, fax, and telephone. As well, support is also available via the extensive FAQ page, comprehensive education center, and various AvaTrade social media channels.

The AvaTrade online trading brokerage is one of the safest, fairest, and most secure online trading brokerages available. AvaTrade has an impeccable reputation since their establishment in 2006 and are very transparent and fair with their trading services as they are licensed and regulated by 5 reputable regulatory authorities being:

• The Central Bank of Ireland
• The B.V.I Financial Services Commission
• The Australian Securities and Investments Commission (ASIC)
• The South African Financial Services Board (FSP)
• The Japan Financial Services Agency (FSA) and the Financial Futures Association of Japan (FFAJ)

As well, client funds are held in secured and segregated bank accounts, so they are protected in the unlikely even of broker insolvency. Client accounts and personal data are also protected with advanced SSL encryption on all transmitted data. All in all, customers can rest assured that trading with AvaTrade is safe, fair, and secure.