Forex Broker – Avatrade Review

AvaTrade Review

AvaTrade, previously known by the name AvaFx, was recognized in 2006, and has recently changed its name to AvaTrade. They offer brokerage services not just in the currency market, but with indices such as the Dow Index, Standard & Poor Indices, stocks, and commodities. Centered in Dublin, Ireland, they have offices in Sydney, Milan, and Tokyo as well, among other places. This broker is regulated by the Central Bank of Ireland, ASIC in Australia, FSC aka Financial Services Commission in Japan and licensed by MiFID in the European Union and is awaiting license in the British Virgin islands.

Company Information

Name:
AvaTrade (previously AvaFX)
Website:
www.avatrade.com/
Founded in:
2006
Headquarters:
Dublin, Ireland
The Owner:
AvaTrade
Regulation:
Central Bank of Ireland, MiFID, ASIC
Phone:
+1-212-941-9609
Email:
customer@avafx.com
Minimum Lot Size:
1,000
Maximum Leverage:
400:1
Minimum Deposit:
$100
Minimum Trade Amount:
$25
Maximum Per Trade:
N/A
Languages Available:
English, French, German, Italian, Spanish, Arabic, Portuguese, Russian, Swedish, Turkish, Greek, Chinese (Simplified), Chinese (Traditional) and Japanese

The AvaTrade trading platforms

The transformation of AvaFX into AvaTrade brought in lots of changes for the broker. Many new and improved features were added. The choice of platforms offered for trading are eight. The mobile trading features are impressive and are integrated with many leading service providers like ZuluTrade, Currensee and Ayondo. The web-trading feature is easily accessible from all computers and public workstations as well.

The popular MetaTrader 4 platform and the proprietary software of the company, AvaTrader can be easily downloaded, which offers trading for more than 60 currency pairs and is especially for the novice traders.

Different trading platforms offered include automated trading, AVAOptions, AvaTrader, Mac Trading, Meta Trader 4, Mobile Trading, Web Trading and MT4 Floating Spreads.

Main Features

The free Forex learning tools, eBooks, and webinars are a unique advantage especially for the new traders. The features offered with this broker surpass most others out there. The broker offers an Ava debit card for all traders with a live account with easy access to Trading Central charting tools, for traders who deposit $1,000.

The broker follows complete transparency in every offering. The fixed spreads trading initiates at 3 pips and can go up to 120 pips. The number of currency pairs traded are more than 60. The trading accounts offered are of five different types. The broker does not charge any commission, but a small spread of 3 to 7 pips is offered.

The broker presents its traders with a large number of trading advantages in order to turn their trading experience into an easy, enjoyable, and successful one. In addition, the list of tools and resources offered for trading is vast and extensive.

Customer Support

In trying to keep up with the broker’s commitment of offering unsurpassed services, AvaTrade appears to offer excellent customer support to traders via email, live chat, and local telephone support for 34 countries. Clients thus enjoy the liberty to easily reach the professionals in their native language.

The broker has one of the most comprehensive customer support teams to offer its traders. The multilingual support is extensive.

User Friendly

At AvaTrade, execution of each trade does not involve any type of commissions, exception is the minimum spread of 3 to 7 pips, between the ask and bid quotes. Traders can enjoy financial leverage and guaranteed rates and stop losses, while hedging funds.

•   The spread between ask and bid is extremely low
•   Trading involves zero commission
•   Multiple payment options that entail credit card, PayPal, online money transfer, bank transfer and much more
•   Bonuses and the promotions offered are attractive
•   Educational resources are comprehensive
•   The range of trading tools is widespread
•   Market analysis is available
•   Trading platforms are many in number
•   Trading platform is safe, reliable and stable

Ultimate Overview

AvaTrade is an established Forex broker, which has a fully equipped website. Their recent transformation from AvaFX to AvaTrade has actually brought in many new and useful changes. The clientele this broker enjoys is vast and all are quite impressed with what they are offered. The excellent customer support, choice of trading platforms, availability of Ava debit card and complete transparency in trading are some of the biggest advantages and a 5-day withdrawal time is the only disadvantage associated with this broker. AvaTrade is the one to consider if looking for a long term, secured trading platform and a broker who offers trading with simplicity and sophistication.

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