Finding a reputable, trusted online brokerage is no easy task. With plenty of stable services offered, it is a challenge to find one where trading is smooth from the beginning, offering a variety of agile options. In this AvaTrade Broker Review, we will cover the main points to look out for when choosing an online broker: not only technological advancement, but also regulatory and technological security. AvaTrade customer review reveal a decade of good service and satisfied customers.
The Origin of AvaTrade
Back in 2006, a new forex broker launched, with the aim of superior customer service in mind. Going by the name of Ava FX, the brokerage expanded over the years, acquiring the Japanese forex broker Art Co. and the clients of Finotec Trading UK Limited.
In 2013, the brokerage rebranded itself to AvaTrade, to reflect the large portfolio of assets offered, including stocks, commodities, cryptocurrencies, and more.
AvaTrade has its headquarters in Dublin, Ireland, but expanded its presence to 11 countries worldwide. Over the years, the brokerage gathered 200,000 trading accounts, reaching over $60 million in monthly trading volume.
AvaTrade EU is compliant with the Central Bank of Ireland regulations. International branches of the company are fully regulated under their respective financial and trading authorities, including the FSA of Japan, the South African Financial Serices Board, B.V.I. Financial Services Commission, as well as the requisite permissions for operation in Australia.
In a recent AvaTrade review, it has become clear that AvaTrade has updated its compliance with the MiFID regulations enforced by the European Union at the start of 2018. AvaTrade has been compliant with the new requirements, which aim to avoid market abuse, increase trading transparency, increase authorization requirements for brokers, and more.
For AvaTrade customers, this means a full KYC process through a questionnaire, as well as a presentation of legal documents and proof of address.
Awards and Recognition
No AvaTrade Broker Review would be complete without the respected rewards received, showing a record of excellence. AvaTrade has been awarded prestigious achievement marks for its superiority in forex and cryptocurrency trades, as well as for the excellence of its affiliate program.
The awards include:
- The European Best Broker – 2017, 2016
- JFEX Best Dealing Room – 2017
- FXEmpire Best Broker – 2016
- Best Forex Broker – 2016, 2014, 2010
- Global Bitcoin CFD Trading Provider of the Year – 2015, 2012
- Forex Excellence Award – 2016, 2014, 2010
- FXEmpire Best Affiliation Program – 2016, 2014, 2010
- DailyForex Most Reliable Broker – 2015, 2011, 2009
AvaTrade is also connected to the Manchester City football club, acting as the club’s regional partner, as the two organizations mutually increase their public profile.
Trying to use an online broker means customers are met with steep initial funding requirements, or exorbitant fees. Not so with AvaTrade. Because AvaTrade is dedicated to serving all levels of traders, it offers agile entrance mechanisms for funding a starter portfolio, as well as one of the lightest systems of fees.
AvaTrade offers 250 trading options covering various investment instruments or currencies. The access is secured by an innovative financial instrument called Certificate for Difference (CFD), allowing a trader to select the direction of an asset and profit from the price change, without owning or transferring the asset.
CFD trading is the most accessible option through an OTC trading scheme, offering:
- No exchange fees
- Leverage trading
- Trade both long and short positions
- No expiration on CFDs
CFDs on AvaTrade are derived from numerous asset classes, including currencies, stocks, bonds, commodities, ETFs, as well as cryptocurrencies. To access that wealth of investment and trading opportunities, the minimum deposit is just 100 currency units, in US Dollars, Euro, or Pounds. Whenever a trader is ready to use the more advanced features, they can always upgrade their account. Leverage trading is available, but details may change due to MiFID regulations.
AvaTrade does not use trading fees, instead making money on spreads, which is the lightest payment load for the customer.
Deposits and Withdrawals
AvaTrade currently excludes potential traders from the USA or Belgium. For all other customers, following a completed KYC and verification procedure, the options for loading funds are:
- Credit Card
- Bank Wire Transfer
Withdrawals are available through wire transfer or credit card, usually available within one or two business days.
Before starting live trading, newcomers to AvaTrade have access to a demo account with 100,000 currency units. This is an opportunity to test all of the platform’s trading options and strategies, and comes with access to live customer support. The option, complete with a learning center, is one source of glowing AvaTrade customer reviews.
For all traders, AvaTrades offers round the clock customer service in multiple languages, with questions asked in off-times answered within one or two days.
For added security, AvaTrade live accounts are also protected, up to 20,000 EUR in the case of a broker’s default, and up to 75,000 EUR in case of a bank default.
The Technical Side of Trading
No AvaTrade broker review would be complete without mentioning the technologies used, as well as trading strategies and options, The chief engines on AvaTrade include:
- AvaTradeGO – Real-time prices on mobile application.
- MT4 Floating Spreads – Android-compatible Forex platform.
- MetaTrader 4 – Multi-functional trading platform with built-in analysis and signals.
- AvaOptions – Advanced options trading platform.
AvaTrade also offers opportunities for copying trades, a strategy becoming more and more popular with modern traders. The solutions include:
- DupliTrade – Copies trades from a select group with a high-level track record.
- ZuluTrade – Users select which expert to follow and copy.
- MQL5 Signals Service – Automated trading based on signals from MetaTrader4.
Trading stocks, bonds, ETFs, or cryptocurrencies can be accessible and intuitive, especially by going through the educational tools available on AvaTrade. The complete service package makes AvaTrade the go-to broker for all experience levels.
For more reviews of AvaTrade services visit: http://avatradereview.net/