In this short article, we will offer a detailed about avatrade review which has turn into 1 of your well-known forex brokers. Avatrade is really a well-known forex brokerage firm in the forex world. Avatrade Ltd started operations in 2006 in Dublin, Ireland. At this point (2020), Avatrade has 200,000 active traders from around the globe who make more than 2 million trades per month.
Avatrade specializes in on line trading for asset classes like Forex, stocks, CFDs for commodities, ETFs, bonds, and indices. They’ve regional offices and sales centers in Paris, Dublin, Milan, Tokyo, and Sydney. The company’s administrative headquarters are positioned in Dublin, Ireland.
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• Official web-site: avatrade.com
• Nation: Ireland
• Year Founded: 2006
• Regulators: MiFID, Central Bank of Ireland, ASIC, FSC, BVIFSC
• Minimum Deposit: 100 USD
• Maximum Leverage: 1:400
• Minimum Spread: 0.0
• Trading Platforms: Metatrader 4 (MT4), Metatrader 5 (MT5), AvaTradeGO, AvaOptions, Automated Trading, Internet Trading, Mobile Trading, Mac Trading, MQL 5 – Signal Service.
• Web-based platform: Obtainable
• Mobile App: Readily available
Who Controls AvaTrade Broker Activity?
Avatrade is regulated by financial institutions in 5 countries.
• The European Union is monitored by the Central Bank of Ireland (CBI) no. C53877 license.
• The British Virgin Islands are monitored by the Monetary Services Commission FSC.
• South Africa is monitored by the Financial Services Board (FSB) with license number 45984.
• Australia is monitored by the Securities and Investments Commission (ASIC) under license number 406684.
• Japan is overseen by two authorities, the Economic Futures Association (FFA) with license quantity 1574 and the Economic Solutions Agency (FSA) with license number 1662.
Leverage & Spread
Leverage depends on the type of account you choose. Leverage for forex is 1:400, Gold 1:200, CrudeOil 1:100 and cannot be changed except leverage for Forex which can be changed to 1:33.
The spread on Avatrade depends on the pair you are using, for example for the EUR/USD pair it starts from a spread of 0.6.
Customer Support
For their customer support, you can contact them on their official internet site. You can contact them via the telephone quantity listed (on the web page) or you can chat with their customer service agent via the live chat provided. If you are already a trader with AvaTrade, you will be assisted by a personal customer service manager who will help you resolve any issues you may encounter.
Account type
Low Spread Account
• Minimum deposit: 5000 USD
• Platform: Metatrader 4 (MT4)
• Spread: Floating (5 decimal places)
• Leverage: 1: 400
• Minimum lot size: 0.1
• Maximum lot size: 10,000
• Rebates on spreads: 10%
• Bonuses: Not out there
Standard Account
• Minimum deposit: 100 USD (200 USD if you want to get a bonus deposit).
• Platform: Metatrader 4 (MT4)
• Deployment: Floating
• Leverage: 1: 400
• Minimum lot size: 0.1
• Maximum lot size: 10,000
• Rebates on spreads: None
• Bonus: 20% of your deposit amount (minimum 200 USD)
Islamic account
• Minimum deposit: 100 USD
• Platform: Metatrader 4 (MT4)
• Spread: Floating (Add 1 pip)
• Leverage: 1: 400
• Minimum lot size: 0.1
• Maximum lot size: 10,000
• Rebate on spread: 10% to 50% spread rebate
• Bonus: 20% from the deposit amount
Rebate Account
• Minimum deposit: 500 USD
• Platform: Metatrader 4 (MT4)
• Deployment: Floating
• Leverage: 1: 400
• Minimum lot size: 0.1
• Maximum lot size: 10,000
• Rebate on spread: 10% to 50% spread rebate
• Bonus: 20% of the deposit amount
Deposit & Withdrawal
Deposit – Avatrade offers customers various deposit options. Merchants can deposit their accounts using credit cards (VISA, MasterCard, debit), Bank Wire Transfer, and via E-Wallets like PayPal, Skrill, NETELLER, and WebMoney. The minimum deposit is as low as one hundred USD.
Withdrawal – Traders can withdraw funds via the same method used when making a deposit. The production process usually takes up to 5 working days. The fastest method of withdrawing funds is through the Ava Debit Mastercard, where you can apply for this Ava Debit Mastercard once during the trading account registration process.
Advantages of Avatrade Broker
• Monitored by 6 authorities namely CBI (C53877), FSC, FSB (45984), ASIC (406684), and FFA (1574).
• The process of opening a trading account is very easy and fast.
• The deposit and withdrawal process is free and you have multiple deposit and withdrawal options.
• Low trading fee rates.
• Good learning resources and materials (videos, webinars, ebooks, etc.).
• 250+ instruments to trade including forex, cryptocurrencies, stocks, commodities, and indices.
• Multiple automated trading platforms and EA compatibility.
• Client funds are placed in segregated accounts for increased security.
• Trading websites are offered in more than 20 languages.
Wrapping Up
AvaTrade broker is 1 from the very popular brokers among traders worldwide compared to other brokers due to its low deposit rate. If a newbie wants to trade AvaTrade is worth considering. Also, Come across out all details about trading on well-known sites on google for example traders union.