Review of AvaTrade – Broker with over 15 years of experience
AvaTrade is a Forex broker that was established back in 2006. Over the last 15 years, the Forex broker has become very popular around the world. AvaTrade owns a license from 6 jurisdictions, which makes it a very safe and secure broker. AvaTrade offers traders amazing trading conditions, very tight spreads, and no commissions. Depending on your location, the broker also offers leverage up to 1:400.
Over the years, AvaTrade was able to attract as many as 300,000 users and the number of them is increasing every day. The broker offers traders access to over 1250 trading assets through very popular trading platforms, such as MetaTrader 4 and MetaTrader 5.
However, this is not all. There are many other things that AvaTrade has to offer to traders. In this review of AvaTrade, we are going to discuss everything that makes this broker stand out. So, follow our review and learn why you should trade with this Forex broker.
Quick overview of AvaTrade’s services
As we have already said, AvaTrade is a Forex broker with a long history. Over the years, it has managed to create services that are appreciated by traders of all backgrounds. No matter what you want to trade, whether it be Forex, stocks, indices, or even cryptocurrencies, you can find it here.
Because of the amazing services that AvaTrade offers to its clients, it has received numerous awards over the years. The broker has also been named as a leading provider of services in several jurisdictions. All of these awards once again show how good of a Forex broker AvaTrade is.
AvaTrade largely focuses on Forex and CFDs trading. Thanks to the CFDs, the broker is able to offer traders access to numerous underlying assets. This includes everything from stocks, to cryptocurrencies. CFDs trading has become very popular in recent years around the world, mainly because they are very easy to access. Below, we will talk more about the available assets at AvaTrade.
Reviewing AvaTrade trading assets
There are numerous trading instruments that are available for traders at AvaTrade. No matter what you want to trade, you can most probably find it available at AvaTrade. You can trade the following assets at AvaTrade:
- Forex Currency Pairs
Because there are so many assets offered by the broker, traders should not have a hard time finding the one that they want to invest in. The broker largely focuses on Forex trading, and it should not come as a surprise, as Forex is the biggest financial market around the world, attracting millions of traders every day.
You can trade currency pairs like EUR/USD, GBP/USD, USD/JPY, and many others at AvaTrade. As we have already noted, the broker also offers access to CFDs trading, thanks to which, you can trade assets like stocks, indices, commodities as well as for cryptocurrencies.
Among the available stocks at AvaTrade you can find shares of Apple, Google, Amazon, and other well-known companies around the world. As for indices, AvaTrade offers traders access to well-known indices, which include DAX 30, FTSE 100, and others. You can also trade both, soft and hard commodities at AvaTrade. Soft commodities are the ones that require agricultural activity, while hard commodities are those like Gold, Silver, Crude Oil, and many others.
AvaTrade offers traders access to leading cryptocurrencies, which include Ethereum, BTC, and Litecoin among others. Crypto trading is one of the fastest-growing markets around the world and the demand for cryptos is increasing every day in the market.
Reviewing AvaTrade trading platforms
To be able to access the trading market, you will have to use the trading platform. It is very important to choose the trading platform which works better for you. Thankfully, there are a lot of options that you have when it comes to AvaTrade’s trading platforms.
The Forex broker offers traders trading platforms created for different types of devices. This includes Windows PCs, mobile phones, tablets, as well as macOS devices. Among the available trading platforms at AvaTrade, you can find
- MetaTrader 4
- MetaTrader 5
All of these trading platforms are very different from one another and are suitable for different types of devices which include mobile phones, PCs, as well as tablets.
MetaTrader 4 and MetaTrader 5 are among the most popular trading platforms for a number of reasons. MetaTrader 4 was created back in 2005 by a famous Russian company, MetaQuotes, and has forever changed the way people trade Forex. It is very easy to use and has a simplistic design which makes using it a very easy experience.
Because of the user-friendliness of MetaTrader 4, it is loved and trusted by millions of traders around the world. The MetaTrader 5, which is another trading platform released by MetaQuotes, is very popular among traders as well. It is very similar to the MT4 trading platform, especially in terms of its design, however, there are some key differences. In most cases, MT4 is used by Forex traders, while MT5 is preferred by those who want to invest in other markets, such as stocks, for example.
Our review of AvaTrade shows that the broker also offers traders access to the browser-based trading platform, WebTrader. This platform can be used directly from the browser, without the need of downloading it.
Mobile trading at AvaTrade reviewed
Forex trading using smartphones has become very popular in recent years. It is especially popular among those traders who are always on the go. There are many traders in the market who have to travel a lot and for those people, it is very important to have a chance to somehow stay connected with the Forex trading market.
AvaTrade has created a special trading platform for those people, making Forex trading using mobile phones more accessible than ever before. In addition to being easily accessible, mobile trading can also be very useful for traders.
There are two applications created by AvaTrade, AvaTradeGO, and AvaSocial. AvaTradeGO is an innovative technology named the best Forex Trading App by the Global Forex Awards. It connects global trading markets with live feeds and social trends. The greatest thing about it is that it largely reduces your risks of trading, and can be used on both iOS and Android devices.
AvaSocial is another application created by the broker, which is created to let traders better share their experiences in the trading markets. With the AvaSocial app, you can learn from the leading experts in the Forex trading market. By connecting traders with each other, this trading app can be a huge help for beginners as well as experienced traders. It is also available on iOS as well as Android devices.
Review of AvaTrade – Safety & Security
When it comes to Forex trading, one thing that you should be focused on the most is the safety and security of your funds. There are several things that you can do to make sure that you are staying safe at all times, but one thing that can really work is always trading with regulated Forex brokers.
AvaTrade is regulated in 6 different jurisdictions, which makes it a very safe and secure Forex broker. The broker offers services in many places around the world, because of this, it was necessary for it to be registered with so many regulatory agencies. The broker owns licenses from the following regulatory bodies:
- Central Bank of Ireland
- Cyprus Securities and Exchange Commission, CySEC
- British Virgin Islands Financial Services Commission
- Australian Securities and Investments Commission, ASIC
- South African Financial Sector Conduct Authority, FSCA
- Financial Services Agency of Japan & Financial Futures Association of Japan
- The Abu Dhabi Global Markets, ADGM & Financial Regulatory Services Authority, FRSA
- Israel Securities Authority
Because of so many licenses, trading with this Forex broker is absolutely safe and secure. Also, thanks to the licenses that it owns, AvaTrade is able to offer services to traders around the world. This includes the region of Europe, Asia, Africa, and many others.
However, traders should keep in mind that the services offered by the trader might be a little different in different jurisdictions. As we have noted earlier in our review of AvaTrade, the broker offers a leverage of 1:400, however, this leverage can’t be used in Europe due to the local Forex trading restrictions.
Keeping your funds safe
There are certain things that AvaTrade is doing to keep your funds safe. First of all, it strictly follows the rules and laws in every jurisdiction it is available. Because of the regulations that it follows, AvaTrade is required to keep the funds of its clients on segregated bank accounts.
It does so by partnering with leading banks in Europe as well as around the world. The fact that the broker keeps the funds of its clients on segregated bank accounts is a very important thing. Thanks to this, no matter what goes wrong and what happens, you will always be able to have access to your funds. Even if the broker goes bankrupt, you will still be able to withdraw your funds without any problems.
As our review of AvaTrade shows, the broker also has adopted the Negative Balance Protection, which is another guarantee of your safety. Negative balance protection is especially important for those who are trading with higher leverage. While using high leverage, what happens very frequently is that traders are losing more money than they have on their trading account. Thanks to the negative balance protection, this is not a possibility.
How to start trading at AvaTrade?
Getting started at AvaTrade is a very easy process and should not take you a long time. First of all, you will be required to create a live trading account. The broker offers traders one single account, which is created for the beginner as well as experienced traders. This account gives traders access to everything that the broker has to offer. To create a live trading account, you are required to deposit a minimum of $100.
Creating an account is not a huge problem and can be done in just a few minutes. All you have to do is to provide basic information about yourself, which includes your name, last name, and so on. However, the broker follows the Know Your Customer policy, which means that you will have to verify your identity.
There are several things that you can do to verify your identity. First of all, you can do so by providing a copy of your passport, ID Card, or Driver’s license. Then, you will also be required to provide a copy of a utility bill from the past three months. This is required to verify your location and identity. After this, you might also be asked to answer few personal questions.
In addition to the regular account, the broker also offers traders a demo account. A demo account can be a great help if you are just getting started in the market. This account can help you better understand how Forex trading works and gain enough skills to create a live trading account.
Trade even more with professional account
For the most experienced traders, AvaTrade offers a professional account. However, this account can’t be created by everyone and requires several things from traders. First of all, you will have to prove to the broker that you have sufficient skills to be considered a professional trader.
You are also required to provide proof of sufficient trading activity over the past 12 months. In addition, it is also required to have €500,000 worth of financial instrument portfolio including cash saving and financial instruments.
AvaTrade review – Islamic account
AvaTrade has proved over and over again that it is working very hard to attract traders of all backgrounds. The Forex broker offers a special type of account for those who follow the beliefs of the Quran and can’t trade Forex because of that. Thanks to the AvaTrade Islamic account, Muslim traders are able to trade without having to pay or receive swaps. Because of this, the Islamic account is also known as a swap-free account.
Deposit & withdrawal options
To start trading at AvaTrade, you will first have to deposit funds on your live trading account. There are numerous options that you have for deposits at AvaTrade, which makes trading here a great option. Among many options that you for depositing and withdrawing funds at AvaTrade, you can find bank transfers, credit/debit card payments, as well as online payment solutions. However, remember that the available payment methods also depend on your location.
The best thing about depositing funds at AvaTrade is that as our review shows, the broker does not charge any commissions for deposits. This is an amazing advantage of the broker a great offering for traders.
Is AvaTrade a legit Forex broker?
After reviewing AvaTrade and learning more details about the services that it offers to traders, we are able to say that AvaTrade is a legit Forex broker. Over the years, it has managed to win numerous awards because of the amazing services that it offers to clients and it has attracted as many as 300,000 clients.
Among many other things that make AvaTrade, a trustworthy Forex broker is a regulatory status that it has. In addition to everything else, the broker offers traders access to more than 1250 trading assets. Because of this and many others reasons that we have discussed in our review of AvaTrade, we recommend trading with this Forex broker.