avatrade

AVATrade Review

AVATrade Review
9.4

Regulation

10/10

Minimum Investment

9/10

Spreads & Commissions

9/10

Forex Software

10/10

Bonuses

9/10

Demo

10/10

Customer Support

10/10

Pros

  • One of the most regulated Forex brokers in the market
  • Excellent customer service
  • Offers a comprehensive range of financial instruments
  • Different choices of trading platforms for desktop and mobile trading
  • Initial investment starts from $100
  • Good bonus offered for deposits
  • Spreads are competitive

Cons

  • No direct market access trading
  • Only one type of account option with CFD access
  • No presence in the USA

 

Are Your Investments Safe With AVATrade? Read Our Professional Review To Find Out! 

AVATrade is a well-known financial company that has a global presence in the retail Forex trading community. The broker has often been termed as a mainstream service provider, with several companies looking to adopt AVATrade’s business model to achieve the incredible success and popularity enjoyed by the broker.

 

 

AVATrade is not all about offering the right products and services, but the company also manages to make a difference by ensuring greater security for traders’ investments. AVATrade has been successful in keeping its services up-to-date, which is extremely difficult, considering that the company has been operating in the markets for more than a decade. It is common among leading companies to become complacent in their strategies, which can spell disaster in the modern era. Therefore, AVATrade does a few things right by catering to their clients’ specific requirements, and we evaluate the broker’s services and how it fares concerning the global competition.

 

AVATrade Regulation & Company Info

AVATrade is currently reported to generate around $60 billion worth of transactions on a monthly basis, which is a staggering amount of trading volume for any Forex broker. AVATrade has a global presence in different countries across the major continents such as South America, Europe, Africa, the Middle East and the Asia-Pacific. AVATrade has been operating in the markets since 2006, and despite completing over a decade in the financial markets, the broker continues to perform to the best of its capabilities. AVATrade’s prolonged presence in the industry, coupled with an excellent set of services, has earned the broker several awards and recognitions from several independent organisations and financial watchdogs across the world.

 

 

AVATrade is an FX and CFD broker that abides by all the international standards that apply to financial companies dealing with clients’ investments. AVATrade is perhaps best known for its regulatory prowess, as the broker is regulated and licensed by five different regulatory agencies. AVATrade is regulated by several leading agencies that include the Central Bank of Ireland, the British Virgin Islands Financial Services Commission, the Australian Securities and Investments Commission, the South African Financial Services Board, and the Japanese Financial Services Agency. In essence, AVATrade has made its presence felt across several major financial markets, with an excellent coverage for traders across the globe.

Unfortunately, AVATrade is still not a prominent figure in the US financial markets, as the company does not appear to be inclined to obtain a license from the NFA. There are indeed several hurdles that prevent AVATrade from setting up a branch in the USA, but it would certainly be an extremely solid move if AVATrade chooses to get regulated by the NFA and the CFTC.

 

AVATrade Assets

From shares to ETFs to bonds, AVATrade provides an amazing choice of tradable instruments that enable their customers to invest in any popular asset without having to open individual trading accounts at multiple brokers. AVATrade provides the convenience of accessing the global financial markets through a single platform, which is indeed a huge advantage for the company. It is seen that some brokers prefer to stick to the Forex and commodities market, but AVATrade offers a diverse range of instruments to take the total to more than 250 different assets.

Forex: EUR/GBP, EUR/JPY, GBP/JPY, EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD, AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/HUF, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/DKK, EUR/HUF, EUR/NOK, EUR/NZD, EUR/PLN, GBP/NZD, GBP/SEK, GBP/SGD, NZD/CAD, NZD/CHF, NZD/JPY, USD/CNY, USD/DKK, USD/HUF, USD/MXN, USD/NOK, USD/PLN, USD/RUB, USD/SEK, USD/SGD, USD/TRY, USD/ZAR, USD/ILS, EUR/ILS, GBP/ILS, NOK/JPY, ZAR/JPY, PLN/JPY, SEK/JPY, TRY/JPY, EUR/RUB, EUR/SEK, EUR/TRY, EUR/ZAR, GBP/AUD, GBP/CAD, GBP/CHF

Commodities: Crude Oil, Natural Gas, Heating Oil, Gasoline, Brent Oil, Gold, Silver, Platinum, Palladium, Copper, Corn, Soybeans, Wheat, Coffee C, Sugar no. 11, Cotton no. 2

Indices: S&P500, NASDAQ 100, DJ 30, RUSSELL2000, DOLLAR INDEX, CAC 40, DAX 30, FTSE 100, FTSEMIB, DJ EURO STOXX50, SMI, IBEX 35, OMX30, AEX, MSCI, NIKKEI225, HIS, SPI 200, NIFTY50, CHINA A50

Crypto Currencies: RIPPLE, RIPPLE Weekly, BITCOIN Weekly, BITCOIN Mini, LITECOIN Weekly, LITECOIN Mini, ETHEREUM, ETHEREUM Weekly, DASH, DASH Weekly

Shares: JOHNSON & JOHNSON, JP MORGAN CHASE, LINKEDIN, MCDONALDS, MORGAN STANLEY, PFIZER, PROCTER & GAMBLE, POTASH, VERIZON, WAL MART, TWITTER, ALIBABA, GROUPON, APPLE, CISCO SYSTEMS, GOOGLE, AMAZON, INTEL, FACEBOOK, MICROSOFT, CHECK POINT, YAHOO, TESLA, TEVA, PERRIGO, MANCHESTER UNITED, AMERICAN EXPRESS, AT&T, BERKSHIRE HATHAWAY.B, BANK OF AMERICA, BOEING, CATERPILLAR, AMDOCS, CHEVRON, CITIGROUP, COCA COLA, WALT DISNEY, EXXON MOBIL, GENERAL ELECTRIC, GM, GOLDMAN SACHS GROUP, HSBC, ROYAL DUTCH SHELL-A, BP, VODAFONE, BARCLAYS, RIO TINTO.UK, GLAXOSMITHKLINE.UK, BHP BILLITON.UK, BRITISH AMERICAN TOBACCO.UK, ANGLO AMERICAN.UK, TESCO.UK, BANCO SANTANDER, TELEFONICA, BANCO POPULAR.ES, ACCIONA.ES, ENDESA.ES, GAS NATURAL.ES, BBVA, IBERDROLA, REPSOL, INDITEX.ES, E.ON, SIEMENS, BAYER, ALLIANZ, DEUTSCHE BANK, BASF.DE, SAP.DE, DEUTSCHE TELEKOM.DE, RWE.DE, BMW.DE, DAIMLER.DE, ORANGE.FR, ENGIE.FR, SANOFI-AVENTIS, TOTAL, ALCATEL-LUCENT.FR, PEUGEOT.FR, VALLOUREC.FR, CARREFOUR.FR, DANONE.FR, ACCOR.FR, SOCIETE GENERALE.FR, BNP PARIBAS.FR, ENI, INTESA SANPAOLO, UNICREDITO, GENERALI ASSICURAZIONI, TELECOM ITALIA, ENEL.IT, TENARIS.IT, SAIPEM.IT, UNIONE DI BANCHE.IT, BANCA POP MI.IT, FIAT CHRYSLER.IT

Bonds: 5 Year US T-NOTES, 10 Year US T-NOTES, 30 Year US T-BOND, EURO-BUND, JAPAN GOVT BOND

ETFs: Financial Select Sector SPDR, S&P 500 VIX Short-Term Futures ETN, Energy Select Sector SPDR, Materials Select Sector SPDR, Dow Jones U.S. Real Estate Index Fund, MSCI Canada Index Fund, Dow Jones U.S. Home Construction Index Fund, MSCI Brazil Index Fund, MSCI Mexico Index Fund, MSCI EAFE Index Fund, MSCI South Korea Index Fund, FTSE China 25 Index Fund, MSCI Taiwan Index Fund, MSCI Hong Kong Index Fund, India Earnings Fund, MSCI Australia Index Fund, MSCI Singapore Index Fund, MSCI Malaysia Index Fund, MSCI Germany Index Fund, MSCI Emerging Markets Index Fund, Market Vectors TR Gold Miners.

 

AVATrade Bonus

 

AVATrade is not your average European broker, where strict regulations prevent brokers from providing any bonus. Cyprus is one of the foremost European countries that prevent its CySEC regulated firms from taking part in any promotional campaigns. However, AVATrade’s CBI license allows its offer a healthy bonus of up to $14,000 for a minimum deposit of $40,000. The bonus structure is designed according to the initial deposit, where a minimum investment of $100 qualifies for a $35 bonus. The maximum bonus on offer is limited to $14,000 per account.

 

AVATrade Platform

One of the reasons behind AVATrade’s continued market dominance is the availability of different trading platforms according to traders’ requirements. Traders are presented with an opportunity to trade with the popular MT4 trading terminal, or they can also choose to trade the markets via the proprietary AVATradeAct platform. AVATrade has developed multiple proprietary trading platforms for different trader needs, including a WebTrader for web browser-based trading, an AVAOptions platform for binary options trading, and an Automated Trading interface for professional traders. The broker even provides extended support for Mac users, ensuring that traders can choose their preferred platform for Forex and CFD trading.

 

AVATrade Mobile Trading

AVATrade users can download both the MT4 and the AVATradeAct platforms on their smartphones or tablets running on iOS or Android operating systems. The proprietary AVATradeAct app offers access to the entire range of financial instruments that are offered by the company and is normally preferred by AVATrade traders due to the several distinct trading features offered by the AVATradeAct platform over the traditional MT4 app. Apart from the dedicated AVATrade mobile apps, traders can also access their trading accounts through the browser-based WebTrader, which are available as both the MT4 Web Trader and the AVATrade WebTrader.

 

AVATrade Account Information

AVATrade has only a single type of trading account for all traders, which starts from a minimum AVATrade initial deposit of $100. Every trader gets access to a CFD account, where accounts are differentiated according to the AVATrade spreads. The spreads are either fixed or floating, depending on the choice of trading platform, with the company quoting a minimum of 1.5 pips for fixed spread accounts and 0.7 pips for floating spread accounts. 

 

The spreads are subject to revision according to the market conditions, but the broker indeed provides highly competitive spreads.

 

Traders can also trade with a maximum AVATrade leverage of 1:400 for Forex pairs and commodities, while shares and other assets enjoy a reasonably competitive leverage of 1:20. The only problem with a CFD account and trading on margin is that traders should account for a conflict of interest, which is not as direct as an ECN/STP account. Even though AVATrade promises excellent liquidity, the broker may adopt a hybrid dealing desk protocol, where orders may be matched internally, or sent to a liquidity provider. Due to the absence of a dedicated Direct Market Access account, AVATrade does not charge any commissions for trading, but all overnight orders may be subjected to SWAP.

 

AVATrade Deposits & Withdrawals

AVATrade allows its traders to make a deposit as low as $100, which can be deposited through WebMoney, Skrill, Neteller, PayPal, credit/debit card, and bank wire transfer. With an excellent regulatory supervision, AVATrade manages its clients’ funds as per strict regulatory protocols and holds them in segregated accounts. Since every dollar is accounted for, AVATrade can meet its clients’ withdrawal requests as soon as possible, without facing any capital inadequacy issues, which are quite common among non-regulated brokers. AVATrade does provide a secure brokerage account, thereby offering a safe platform for your trading capital.

 

AVATrade Customer Support & Trading Resources

The broker offers a 24X7 customer support service to some of the major countries in Europe, Africa, Asia, South America, and the Middle East. Most of these locations have a dedicated phone number, while customers can also contact the broker through live chat, email, and an international phone number. AVATrade has one of the best customer interaction channels in the business and has received multiple awards recognising the company’s commitment to customer satisfaction AVATrade also offers access to several trading tools such as AutoChartist, market analysis, economic indicators, and Sharp Tool, along with several trading education materials.

 

Summary

AVATrade has a marvellous Forex trading brokerage that is supported by the most professional and customer-friendly team of experts.

 

FAQ

Is AVATrade A Scam?

No, AVATrade is a legitimate Forex broker and regulated by top regulatory organisations.

 

What Is The AVATrade Minimum Deposit?

You need to deposit at least $100 for a trading account.

 

Does AVATrade Offer a Demo Account?

Yes, traders can open an AVATrade demo account after signing up.

 

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