AvaTrade (AvaFX) Review
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Background
AvaTrade was established in 2006 and is located in Dublin, Ireland. Offering trading services in over 150 countries with offices located worldwide. AvaTrade is a forex broker that is committed to providing a safe trading environment and is fully regulated and licensed in the EU and BVI, with additional regulation in Australia, South Africa and Japan.
**AvaTrade does NOT accept Clients from USA**
Unique Features of Trading with AvaTrade
The most salient feature of AvaTrade is the incredibly diverse and rich automated trading package that comes bundled with the trading software itself. Forex trading APIs and advanced strategies that sell for hundreds of dollars in the market are being offered for free by the broker for the simple cost of trading forex; you only pay the spreads for trading and no additional costs for the advanced and professional auto-trading tools that you’re provided with.
The automated-trading package includes the popular ZuluTrade system, AvaTrade’s own Ava AutoTrader system which enables algorithmic trading in its latest versions, as well as an advanced array of various APIs that allow you to devise your own forex automation solutions from scratch. This is a unique advantage available with no other company in the forex world as of the time this review was being created.
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Trading Software
Catering to every type of trader, AvaTrade offers a wide variety of platforms, both automated and manual. Each platform allows access to over 250 trading instruments, multiple analytical tools, indicators and up to the minute charts.
AvaTrader is a powerful user-friendly platform that allows for single-click trading on all assets from a single screen. It is a fully customizable platform, that boasts advanced charting, live-analysis as well as live feeds.
MetaTrader 4, known as the most popular trading platform, provides flexibility and power to satisfy traders of all experience levels and trading knowledge. The platform accommodates you to trade in you ideal trading environments.
Auto trading platforms, such as Mirror Trader and Zulutrade, are the leading auto trading interfaces in the industry. The auto-trading software allows you to duplicate the trades of skilled online traders, at any time, even while away from your computer.
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Deposits and Withdrawals
The minimum initial deposit requirement of AvaTrade is $250. Maximum leverage is 400:1, always keep in mind that the higher the leverage, the greater the risk. In addition to the possibility of immediate deposits through popular credit cards, the broker accepts wire transfers and also facilitates funding through PayPal, NeTeller, Moneybookers, and WebMoney. With the Ava Debit Card feature of AvaTrade, clients can withdraw funds with no paperwork delaying the process although it can take up to five days for the money to be transferred.
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Beginner Support
AvaTrade makes the explicit claim that the firm aims to create a user-centered forex trading experience for the firm’s clients. In addition to the great wealth of options available to users as detailed in the previous sections and the flexibility shown by AvaTrade in account funding. Including the accommodative initial deposit requirements. AvaTrade distinguishes itself by the comprehensive support provided to the beginner by the firm’s customer service. The intuitive, simple interface, coupled with an expert support staff available 24-hours a day, 5 days a week, in over 12 languages ensures that the questions of newcomers are answered swiftly. All difficulties of experienced traders are resolved in the shortest possible time as well.
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Safety
AvaTrade proudly declares that it is a subsidiary of a holding company with almost $17 billion in market capitalization. This is uncommon in the forex world and definitely adds an unusual dimension of credibility to the broker. As a broker registered in Ireland, AvaTrade is subject to extensive and stringent EU regulations over its financial activities. Apart from subscribing to the highest industry standards in basic data encryption and server security, the firm employs a core cadre of IT experts to remain up-to-date with developments in information technology, with the purpose that advanced security enhancements available to the market are applied as soon as possible to the broker’s own system and trading software.
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Other Services:
The Sharp Trader Education centre is a one stop portal that caters to both the beginner and the professional trader. Where you can find an assortment of tools and learning materials to suite your trading needs. Analysis and signals, Market Reviews, Free FX Signals, Technical Analysis, economic Calendar. Introductory and free live webinars available for those who are new to Forex trading. These webinars include guided tutorials with real time market updates.
AvaOptions is for serious traders that seek to trade on Real FX Options. The platform offers OTC Vanilla options, with spot trading and options from one interface on over 30 currency pairs.
AvaTrade also provides Mobile Trading that is compatible with Android and iOS.
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Conclusion
With recognition through their many awards and their longevity of over 10 years in the industry, AvaTrade stands out from other brokers in more than one respect. If a trader emphasizes safety above everything else, this regulated and authorized broker, operating as a part of an international financial group with market capitalisation will clearly make an outstanding choice.
With the incredible automated and manual trading solutions, AvaTrade is an unusually well-suited option for the advanced, sophisticated professional. However, a beginner trader will be pleased with the friendly and accessible customer support staff, the intuitive and easy-to-grasp interface of the broker and relatively small initial deposit requirement. Try AvaTrade and form your own opinion by registering a real account. Any prospective trader will be more than impressed by the unique flexibility that distinguishes AvaTrade from all its competitors.
