Traders of the financial market wish to have the tools that make their trading advanced with opportunities in their hands. AvaTrade is one such forex broker that offers its clients next-generation trading tools that make the trade smooth and full of profits. Its applications and trading platform help the trader get market signals and analyze the market instruments.
Is AvaTrade A Trusted Broker?
AvaTrade Ltd. is a company that offers brokerage services for a successful trade and the best trading conditions. Moreover, the company is regulated by many authorities, making it safe for investments. Below given are the authorities that regulate the working of the broker:
- Central Bank of Ireland with license number C53877 – AvaTrade EU Ltd.
- B.V.I. Financial Services Commission regulates AvaTrade Markets Ltd.
- ASIC, with license number 406684, and Central Bank of Australia regulates the Ava Capital Markets Australia Pty. Ltd.
- South African Financial Sector Conduct Authority (FSCA 45984) regulates the Ava Capital Markets Pty.
- AvaTrade Japan K.K. is regulated in Japan by the Financial Services Agency (1662) and the Financial Futures Association of Japan (1574)
- Cyprus Securities and Exchange Commission (347/17) regulates the D.T. Direct Investment Hub Ltd.
- AvaTrade Middle East Ltd. is regulated by the Abu Dhabi Global Markets Financial Regulatory Services Authority (190018)
- Israel Securities Authority (514666577) regulates the working of AvaTrade Ltd.
Thus, with so many regulatory bodies in different countries, the broker regulates the trade and makes it secure for the investors.
Pros and Cons
Here, we have mentioned the pros and cons of the broker for an easy and quick understanding of the traders:
- Provides hassle-free trading
- Regulated by 7 authorities
- Ensures security in trade
- Integrity and fairness of trade
- Global trading services
- Trading platforms
- Mobile application
- Analysis tools
- Innovating with time
- Generous trading conditions
- Average forex fees
- High inactivity fees
Trading Account Types
A trader can invest easily with the trading accounts and earn profits through the instruments. There are mainly two types of accounts: retail investor accounts and professional or corporate accounts.
Below discussed are the trading account types of AvaTrade:
The first trading account of the broker is the basic account for the market individuals. Retail, or we can call it the standard trading account that offers all the basic requirements for the investment. The retail investor accounts are designed for beginners or traders who have been investing for some time.
With this account, traders can invest in various trading instruments and markets to earn profits.
As the name suggests, the account is for the companies or legal entities who want to invest in the markets. They can use the account for their investments as the services of the account are as per the needs of the entities or companies.
- For legal corporations
- Minimum deposit
- Maximum leverage 1:400
- Wide range of trading tools
The account is for the traders of options; they can invest in the forex options and trade with market opportunities. The account has services with a range of options to invest in.
- High chances to make profit
- Maximum Leverage
- Smart trading tools
Spread Betting Account
The spread betting account is a betting account where speculators can invest in the market. The account is accessible only for the residents of the UK and Ireland. It is a derivative product account where investors can speculate on the rise and fall price of the trading instrument. Thus, without ownership, traders can earn from the underlying assets.
- Exclusive benefits
- Minimum deposit
- High leverage
The account is specifically designed for Muslim traders who follow Sharia Law. The rules of the trade are according to the trader’s requirements with no overnight charges or swap charges.
- Halal trading CFDs on multiple asset classES
- Supports sharia law
- No hidden fees
- Minimum spreads
Professional Trading Account
The account is offered for the trader who meets the requirements of the AvaTrade broker. The traders should be professional market investors with the following eligibility:
- Have trade experience
- Active traders for the last 12 months
- Financial instrument portfolio of over € 5,00,000
Moreover, traders can have the services of the demo account to practice and set their trade strategies. The account provides traders with virtual money to invest and live trade experiences without any loss. A demo account can also be used to get familiar with the trading tools and platform for a smooth trading experience.
How To Open Account?
The account opening process of the broker is of certain steps that traders need to follow. Below we have discussed the steps for an easy account opening:
- The initial step to the AvaTrade account is to get registered, for which traders have to sign in on the broker’s official page. Traders can use their Facebook or Google accounts for this.
- The next step is to fill in the required information such as name, email address, contact number, etc. This will ensure traders’ identity and have a genuine trade.
- The third step is verification of the personal data, for which clients have to upload their identity proofs such as residential address proof, bills or licenses, etc.
- The fourth step is an electronic quiz for the account to trade with. It helps traders choose their trading accounts based on their trade experience and knowledge.
- The following step is for the traders of Islamic accounts; they can request the account opening and the trade services.
- The final step of the AvaTrade account opening is a deposit of money once the account is activated by the broker after verification. Traders can deposit the funds as per the account minimum requirement or more than that.
Catering to all types of investors, the forex broker has multiple trading platforms to empower the clients. There is a wide choice of best platforms for manual and automated traders. Traders can have access to the below-given platforms for a smooth trade:
A proprietary trading platform, Web trading is the award-winning software without the need for a download. Traders can use it for user-friendly browsing and easy trade to connect with the financial markets. There are several traders who prefer the trading platform for their investments.
AvaTrade Go is a mobile application of the broker for comfortable trade. Investors can connect with the market easily and use the trading tools whenever and wherever they want. The trading app provides clients with a simple and friendly interface. In addition, the mobile application has:
- Advanced trading features
- Works on all the devices
- Analysis tools
- Helps monitor market
MetaTrader4 is the most preferred market trading platform with high market popularity. It is a trading platform that the MetaQuotes company incorporated in 2005 for forex traders. But, due to its flexibility and user-friendliness, traders of other markets also use it.
The trading platform provides:
- Trading tools
- Charts and patterns
- Expert Advisor
- Automated trading
- Types of order execution
- Time frames
- Real-time trade balance
A next-generation trading platform, MetaTrader5 offers investors state-of-art trading capabilities. Investors can have several options with the software to analyze the market and trade. MetaQuotes established the trading platform in 2010 as an advancement in the trade for investors.
It offers the following services:
- Analysis tools
- Order types
- Automated trading
- Time frames
- Real-time trade
- Graphical objects
- Coding language MQL5
AvaTrade provides you with the opportunity of trading CFDs on every financial instrument from Forex pairs to metals. Traders of the forex broker can enjoy the following trade markets to invest and use the trading instruments for diversifying their portfolios:
- Forex trading
- Stock trading
- Indices trading
- Bonds trading
- ETF trading
- CFD trading
- Commodities trading
Commission and Spreads
A reliable and trustworthy forex broker, AvaTrade broker, has the best services to offer. Moreover, the broker has low spreads and commission charges for the clients. The regulated Forex broker has some fee charges for the trade on all the trade instruments such as cryptocurrencies, stocks or options, etc.
This makes the trade transparent without any extra charges from the clients. However, the charges are related to overnight fees and inactivity only. Traders do not need to pay for the deposit or withdrawal of funds.
Spreads are the chargers on the trade based on the gap between the price of buy and sell of the security. The broker does not have a fixed spread charge but differs as per the trading instrument. The lowest spreads are 1.3 pips on the forex currency pairs.
The leverage is the facility that brokers provide for a high market position. Traders use the leverage ratio offered for opening a high market position at the initial investment. However, it involves high risk as well. The maximum leverage provided is 1:400 and a minimum of 1:30.
The European traders have a leverage ratio of 1:30, whereas international traders and Australian clients are offered with leverage of 1:400. They can use it according to their needs and carefully analyze the market before investing double. Retail investor accounts lose money rapidly due to irresponsible use of leverage. So use the leverage strategically to avoid losses.
Deposit and Withdrawal
The deposits and withdrawals at AvaTrade are quick with the simple process of deposit and withdrawal of funds. Traders can deposit their funds once their account is verified by the broker. For deposits, they can use bank wire transfers, e-wallets, and credit/debit cards.
On the other hand, withdrawal is also similar to deposit as it also requires verification; traders have to use the KYC for the process. Once done, the next traders check the trading account of the client for any illegal activity. It takes one to two days for the withdrawal of funds.
Moreover, the deposit of funds with the broker is based on the base currency and the method of deposit. Traders can check with the broker for the charges and minimum amounts for the deposit of funds on their official webpage.
Education and Research
For benefitting the investors, AvaTrade has so much educational and research material. Traders can find all the information on the broker’s webpage to enhance their trade knowledge and market understanding. The educational material offered by the broker are:
- Trading videos
- Trading rules
- Trade for beginners
Research is an essential part of the trade for market analysis as it provides traders with the deep market knowledge and helps in market prediction. Here are the research tools of the forex broker:
- Technical analysis indicators and strategies
- Economic indicators
- Market terms
- Online trading strategies
- Order types
- Economic calendars
The broker has 24 hours services to support the investors; they provide their professional customer services from Monday to Friday. A trader can connect them through the following:
- Live chat
- Contact number: +1 212 -941-9609
- Form option to connect
- All the country’s contact numbers are also available
AvaTrade is the best available broker in the market, with several facilities and services to trade. Traders can use the trading platforms to analyze the market, use indicators to get signals, have automated and expert trading, and moreover, the various accounts make the trade suitable for all the client types. Hence, accessible to all the market investors.
However, the investors should check with the broker thoroughly before opening an account, and it should have the trading instrument that the client wants to put their money in. A trade should be well planned to have profitable outputs.
Is AvaTrade regulated in the UK?
yes, AvaTrade is regulated in the UK. read the full AvaTrade review
What is the minimum deposit for AvaTrade?
$100 is the minimum deposit for the AvaTrade trading account
Is AvaTrade halal?
Which broker is the best in South Africa?
Investby is the best forex broker in South Africa.
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