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.
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.
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.
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.
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.
Broker AvaTrade Website URL www.avatrade.com Founded 2006 Headquarters Ireland Support Number 1-888-541-3720 Trading Platform MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader Minimum 1st Deposit $100 Minimum Account Size $100 Minimum Trade Amount 0.01 Bonus Deposit Bonus Leverage 400:1 Spread Fixed & Floating Free Demo Account Open Demo Regulation Yes Number of Assets 1,000+ US Traders Allowed Hours Yes Mini Account 100 PAMM Yes *** Auto Trading Yes Trusted Managment Yes Affiliate Program: Yes Expert advisors: Yes Free Education: Yes Other Instruments Equities, Index Futures, Spot Metals, Energy Futures, Commodity Futures, Stock Indices, Bitcoin Decimals 5 Overall Score 1.2