This AvaTrade review was conducted by “ForexSQ.com” experts for those who want to know about the AvaTrade forex broker. The AvaTrade company known before as AvaForex or AvaFX broker, Estd. In 2006, is among the topmost Fx brokers in the world with offices in Dublin, New York, Sydney, Tokyo, Milan and other locations. Ava Trade is licensed by MiFID in the European Union and regulated by the Central Bank of Ireland. It is moreover regulated by ASIC in Australia, the B.V.I Financial Services Commission in the British Virgin Islands, as well as Financial Services Commission (FSC) in Japan.
There is a single standard account at AvaTrade broker and it requires minimum deposit of 100 dollars. Leverage is presented at 1:400. Ava Trade provides both variable and fixed, or floating, spreads starting from 0.9 pips. Actually, AvaTrade spreads are amongst the most competitive of any internet trader.
There are numerous types of orders at Ava Trade comprising Limit orders, Market orders, and Stop Loss orders, Entry Limits, Trailing Stops and Entry Stops.
Customer funds are held in separated accounts for amplified security. Hedging is permitted as is spread betting. Spread betting is non-taxable trading that comprises placing short or long spread bets on more than 200 dissimilar financial instruments with leverage of equal to 400:1. Spread betting is accessible on the prevalent MT4 platform and can be done through a demo or live account.
Spread betting is accessible completely to traders in the Ireland and UK.
AvaTrade was amongst the 1st Forex brokers to present CFD trading on commodities, stocks and indices. It was also forward of the pack in presenting digital currency trading, allowing access to the Bitcoin market to ordinary retail brokers.
Ava Trade also provides ample transparency as it affects to their trading conditions, something we found really refreshing.
They also provide several unique features not usually provided by other brokers. By their CFD Rollover feature, Ava Trade exchanges a matured contract price with an original one before the old contract expires and regulates the difference in value between the 2 original contracts. Entree to Trading Central charting tools is presented for depositors of over 1000 dollars and free withdrawals.
The AvaTrade website is simple to navigate and is visibly tabbed. It is accessible in French, English, Spanish, Italian, German, French, Arabic, Portuguese, Japanese, Russian, Taiwanese, and Chinese.
New customers opening an account at AvaTrade broker obtain a very large deposit bonus starting with 40 dollars for a $200 deposit and going up to 10,000 dollars for a 50,000 dollars deposit.
Moreover, there is a single program, the Ava Select program that awards customers making a single minimum deposit of 100,000 dollars or those that surpass $100,000 in trade volume with a host of different offerings such as custom-made educational programs, express withdrawal authorizations, a dedicated Ava Select hotline, modified trading terms and profits and other special assistance.
Funding can be done through wire transfers and credit cards. Minimum requirement is $100. An Ava debit card is accessible for all live account owners to use for making deposits to their trading accounts.
Withdrawals are prepared by filling out an online withdrawal form and takings several days to process.
AvaTrade has a respected multi-language support team that is presented by phone to 34 countries, live chat and email. Customer support can be accessed when the markets are open.
AvaTrade.com also provided a Forex Options platform. AvaOptions is the 1st available online platform for trading Puts and OTC basic Calls. The broker provide demo accounts free of charge.
AvaTrade broker ’s current website and reachable top navigation makes it simple for traders to find what they’re looking for simply and quickly. In some groups such as the order types section, the website also breaks down the info into smaller sections so that brokers will not feel overwhelmed by the absolute volume of information delivered. We would have loved higher spreads and shorter withdrawal on some more prevalent currency pairs but we enjoyed the flexibility allowable by AvaTrader, both in terms of currency pairs and platform options, Wikipedia says.
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