|Support Types||live chat , email , telephone|
|Languages||30 languages available|
|Trading Platform||Metatrader 4 | MetaTrader 5 | Web Platform | Mobile Platform | Options Platform|
|Minimum 1st Deposit||100$|
|Minimum Account Size||100$|
|Minimum Trade Amount||0.01 lots|
|Spread||fixed | floating|
|Free Demo Account||Open Demo|
|Regulation||Regulated by Central Bank of Ireland, ASIC, FSC (British Virgin Islands), BVIFSC and MiFID|
|Account Types||Standard , Demo|
|Deposit Methods||Credit Card , Moneybookers , Neteller , PayPal , Union Pay , Webmoney , Wire Transfer|
|Withdrawal Methods||Credit Card , Moneybookers , Neteller , PayPal , Union Pay , Webmoney , Wire Transfer|
|Number of Assets||2000+|
|US Traders Allowed|
|Overall Score||4.6 stars|
Avatrade.com was initially established as AvaFx in 2006 and is an online forex and CFD broker, based in Ireland. It offers trading services for forex, commodities, shares, indices, and also cryptocurrencies. Avatrade claims to have opened over 200,000 trading account since their inception on a global basis. It strives to provide its clients with a full range of quality services and products and one of their main advantages is that they offer a huge variety of trading platforms. They also have several offices in other major cities like Milan and Paris.
It is one of the first forex brokers to introduce CFD trading on commodities, indices, and stocks, while also leading the way when it comes to introducing digital currency trading, enabling access to popular cryptos like Bitcoin and Litecoin. Regulated and licensed in the EU, Japan, Australia, South Africa, and the British Virgin Islands, the company is in full compliance with regulation across the globe.
As mentioned above, the one thing that makes avatrade.com special is the numerous trading platforms available for its traders.
Avatrade clients can choose from 8 different types of trading platforms:
- MetaTrader 4 – flexible and fast platform allowing EA and algorithmic trading
- MetaTrader 5 – new and improved interface, with analytic abilities and easy accessibility
- MT4 Web Platform – gain access to all MT4 features through a browser
- AvaOptions Web trading – managing options trading in a web browser
- AvaTradeGO Mobile App – a user-friendly, advanced, and intuitive home screen
- AvaOptions – a platform for Forex Options and More
- MT4 Mac Version – trade on your Apple devices with the most popular trading platform
- Automated Trading – with DupliTrade and ZuluTrade you are able to set up rules and copy trades of expert traders.
With AvaTrade, any kind of trader will find the platform or the range of platforms that suit his needs, given the diversified offer seen above.
If we saw a great diversification in terms of trading platforms, not the same can be said about trading accounts. AvaTrade only offers a standard trading account, available for all the platforms. This way be an issue for some traders looking for diversified trading conditions.
There are, however, two different variations, given that the company must comply with the latest EU regulation. Professional clients will get access to up to 1:400 leverage, while retail clients will trade with only 1:30 leverage.
Besides that key feature, all owners of an Avatrade account have access to a wide variety of educational materials like online courses, live webinars, and daily market analysis. Videos, Ebooks and a dedicated blog will offer updated information on a constant basis, making sure that clients will have everything they need to understand the markets.
Avatrade offers support to their clients on a 24/5 basis and one of their main features is that they have multilingual customer representatives so its clients can solve their problems easily, even if they do not know English very well. They also have an economic indicators page, where traders can find the latest economic figures that are being published.