AvaTrade

AvaTrade
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Overview

AvaTrade was established in 2006 and has been on the market for 12 years so far. It is based in Dublin, Ireland. The firm is proud to hold the license from the Central Bank of Ireland. AvaTrade is also licensed by the Australian Securities and Investment Commission.

Deposits and Withdrawals

The minimum initial deposit amount is 100 $ which is lower in comparison to other forex brokers. However, potential customers should be warned about slow withdrawal processing. Withdrawal procedure may take up to 10 business days which is much longer than offered by any other forex broker. We investigated numerous forum reviews and it appears that AvaTrade seems to be holding its customers funds for while longer than it is expected from them.

Support

Customer service is the strong side of the company. Support staff is available 24-hours a day, 5 days a week in over 12 languages. Clients are able to contact support by email, live chat or via phone. In our personal experience, response times were quick and the answers were proficient. AvaTrader can be distinguished among other brokers by its careful and efficient support, provided to its clients by the firm’s customer service.

Trading

AvaTrade’s another distinguished strengths is in the variety of platforms it provides. Unlike most of the other brokers, the firm offers its own self-designed trading platform called AvaTradeAct. It is a powerful, visually attractive platform which is fully customizable. However, most of the customers tend to use extremely popular MetaTrader4 instead which provides enough flexibility to be mastered by both expert and novice trader.

Instruments

AvaTrade offers a wide range of financial markets – forex, cryptocurrencies, stocks, commodities and all that is available on different trading platforms. The broker does not charge any additional commissions on your trades, and costs are contained in the spread. It is also worth mentioning that the firm offers negative balance protection option, which means that your balance will never fall below zero.

Conclusion

From our point of view, AvaTrade can be considered as a reliable broker. It is regulated by respected authorities, offers wide variety of trading tools and has professional customer service team.

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    Broker AvaTrade
    Website URL www.avatrade.com
    Founded2006
    HeadquartersIreland
    Support Number1-888-541-3720
    Trading PlatformMetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
    Minimum 1st Deposit$100
    Minimum Account Size $100
    Minimum Trade Amount0.01
    BonusDeposit Bonus
    Leverage400:1
    SpreadFixed & Floating
    Free Demo Account Open Demo
    RegulationYes
    Number of Assets 1,000+
    US Traders Allowed No
    HoursYes
    Mini Account100
    PAMMYes
    Auto TradingYes
    Trusted ManagmentYes
    Affiliate Program:Yes
    Expert advisors:Yes
    Free Education:Yes
    Other InstrumentsEquities, Index Futures, Spot Metals, Energy Futures, Commodity Futures, Stock Indices, Bitcoin
    Decimals5
    Overall Score1.2

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