If you are looking for a seamless trading experience, then AvaTrade is the Forex broker for you, as it promises to deliver just that! AvaTrade is among the top Forex brokers in the world. Since its establishment in 2006, AvaTrade has gained a wealth of experience and sufficient resources that have enabled them to add new features to their services and expand their boundaries to reach out to over 20,000 retail traders.
With their headquarters based in Dublin, AvaTrade has a number of offices and sales centers in different regions like Sydney, Milan, Paris, Tokyo, and New York. This firm was established by a group of financial, security and eCommerce professionals who joined forces to create a trading platform that would become one of the biggest and a preferred choice for most online retail traders.
AvaTrade Review of their Service Features
Speaking of the numbers, AvaTrade places more than 2 million trades every month to generate roughly $60 billion per month in trading volume. And since numbers do not lie, this is a clear indication that AvaTrade has been growing and offering top of the class services to its clients. They offer their clients more than 250 trading instruments (Indices, Stocks, Forex, Commodities) and offers enticing bonuses that go as high as $14,000.
Its clients have access to 24-hour customer service that is available at all times to respond to their questions and concerns. Since it is an international firm, they also offer multilingual customer support to make sure that all their clients, regardless of where they come from, are sufficiently catered for. The clients also have access to a vast array of trading platforms.
What sets this brokerage firm from the rest is their relentless effort to keep refining the features and the services they provide. They are always adopting new trends and progressing to become the best in the industry.
Licensing and Accreditation
Although AvaTrade is a global Forex Broker, US traders are restricted from their services due to some Forex Trading regulations. Nonetheless, traders from other parts of the world are allowed to sign up and carry out all their trading operations with them.
The agency complies with some stringent governing requirements from various international organizations. This is because they offer their services to multiple jurisdictions internationally.
• In Europe, AvaTrade is licensed as the AVA Trade EU Ltd, and they diligently abide by the regulations set by the Central Bank of Ireland. They are also MiFID-compliant (this is the main supervisory body in Europe).
• In Australia, the company is authorized as the Ava Capital Markets Australia Pty Ltd. AvaTrade is compliant to the ASIC-regulations, which is the jurisdiction of the region. Hence, all Australian citizens can use them without experiencing any issues.
• In Japan, the brokerage firm is known as the Ava Trade Japan K.K, and is governed by the Financial Service Agency of the region.
• On the international arena, AvaTrade is registered as a firm that offers financial services based in the British Virgin Island. Here, it is accredited by the British Virgin Islands Financial Services Commission (BVI FSC). This license permits the firm to accept trades from across the globe.
Here are some of the features and platforms it offers its customers:
AvaTrade provides its clients a wide range of trading platforms, which include Avatrade, Mac Trading, MT4 Floating Spreads, MT4 for AvaOptions, MT4 Spread Betting, the popular Meta Trader 4 platform, Automated trading and web trading.
Traders can also access their site via Android and iOS devices on the highly radical versions of MT$ and Ava trader Mobile.
Quality of Support
This firm boasts of a robust and broad multilingual customer support that is capable of handling all their international clientele’s needs. Their customer service can be reached in various languages, including English, Italian, Spanish, French, Russian, Dutch, Japanese, Chinese, Portuguese and Arabic. They also offer live chat and 24 hours a day phone support five days a week. Their email services are available all time every day of the week.
Promotions and bonuses provided by the firm
AvaTrade is among the most generous Forex trading firms on the internet. Depending on their deposit amounts, its clients can claim gratuities that range anywhere from $35 to $14,000. Even better, the funds are credited directly to the customer’s account as soon as their identification details have been verified.
If you would like to start your trading journey with AvaTrade, make sure to have all the relevant documents at hand for a quick and seamless signup process.
AvaTrade Banking Option
Since the firm is an international Forex broker, it accepts multiple currencies across the world. This is the reason why their minimum initial deposit varies from one region to the other, based on what country you will be funding your account from. For instance, if you are opening a USD account, the minimum initial deposit will be $100. In case you are unsure of the initial deposit amount, you can always contact their customer service for details on the different account types and currency information.
The AvaTrade Forex broker also accepts various deposit and cash out methods such as debit and credit cards, Neteller, WebMoney, Skrill, and PayPal. If you need to deposit large sums of money, you will be required to make this transaction through a bank wire transfer. All you will need is a certified account to be able to make transactions from your account with ease. However, the withdrawal mode is not automated. Hence, you will be required to fill out an online form which you will submit through email or the “Upload Document” feature on their website. All drawings are processed in 48 hours and funds transferred to the preferred account. You should note that the monies take five days to reach your account.
So why choose AvaTrade as your broker?
This firm is at the forefront of innovative technology, which makes their trading convenient. Additionally, they are always developing and adapting new trade features to cater to all their traders’ needs.
Avatrade provides free education to its traders through webinars, eBooks, tutorials, videos, and articles that are published on a regular basis to get the traders up to speed on how to make money through forex trading. It offers both demo and real accounts. Hence, you can take time to practice, and when you are comfortable and proficient enough, you can quickly switch to a live trading account.
Without a doubt, AvaTrade meets and even surpasses the standards it promises. This firm is not only flexible but also provides an excellent user experience.
Keep up with the most recent AvaTrade reviews and updates on their website.