Avatrade 2020 Review and Tutorial

AvaTrade is a leading international forex broker, and is part of the AVA Group of companies. Founded in 2006, AvaTrade is one of the oldest online brokerages. Our review details trading platforms, mobile apps, deposit methods, and MT4 integration. We also compare trading costs, spreads and leverage. From Bitcoin to vanilla options, whatever you want to trade, see if Avatrade will suit you.

The company currently has four offices worldwide, located in Japan, Australia, Ireland, and the British Virgin Islands. As one of the largest and most respected online brokerages in the world, AvaTrade accepts clients from multiple regions, and accepts trading accounts in multiple currencies.

The firm recently announced a major partnership with English Premier League Champions Manchester City, underlining the brand’s growth and vision.

 

 

Rules & Reputation

Choosing a forex broker that is regulated by a reputable regulatory agency is of the utmost importance, for the regulated status helps ensure the trust and efficiency of the company. AvaTrade is the most famous company, regulated by several authorities from all over the world.

• In Europe, the broker is regulated by the National Bank of Ireland under license # C53877.
• In Australia, the broker is licensed by ASIC under license # 406684.
• In Japan, the broker is licensed by the FSA under license #1662 and the FFA under license #1574.
• In South Africa, the broker is licensed by the FSB under license # 45984.

AvaTrade is among the best online brokerages in the industry in terms of reputation and reliability, and you can trade with confidence. The company has won multiple awards for ”  Best Customer Support  “, ”  Best Alert System  “, ”  Best Financial Derivatives Trading Provider  ” and ”  Best Forex Broker of the YEAR  ” .

 

 

Types of Trading Platforms Available

One of the most impressive aspects of AvaTrade is the number of trading platforms available to traders. There is literally something for everyone here, whether you are a beginner, a seasoned trading veteran, or something else. The following platforms offered by AvaTrade are:

• MetaTrader 4 platform
• MetaTrader 5 platform
• Meta Trader for Mac
• Meta Trader for mobile trading (Download the Avatrade app directly here)
• Meta Trader for web trading
• AvaTradeAct Platform (Proprietary Platform)

 

In addition to this platform, AvaTrade has a variety of automated trading software to suit everyone’s needs. The following is:

• RoboX
• Trader Mirror
• MQL5 Signal Service
• Trading API
• Duplitrade

Trading Account Offered

AvaTrade keeps things simple with their accounts by offering only two account types to most traders. Standard account and demo account. A standard account can be opened with as little as $100 using a credit card or with $500 via wire transfer.

In addition to the two standard accounts, Muslim traders are recognized by offering a ‘swap-free account’ that operates according to the Shariah Principles of interest-free trading.

Additionally, professional traders can open a MAM account to easily manage multiple accounts for their clients. This type of account includes the following features:

• Ability to create multiple sub trading groups
• All types of MT4 orders such as stops, limits and closes are available
• Compatible Expert Advisors (EAs).
• Minimum lot at 0.01 lot
• Lots of allocation parameters
• Order order for unlimited client accounts
• Placing trade orders from the master account

Bonuses & Promotions

Bonuses may be available depending on geographic location; please contact AvaTrade for more information.

Instruments & Assets

AvaTrade excels once again in offering traders a wide range of financial trading instruments. Investors are free to trade:

• Forex – Over 50 currency pairs available, including all majors, minors, and many exotics available 24 hours a day, 7 days a week. Traders can enjoy competitive spreads as low as 0.8 pips, and leverage up to 400:1.
• Cryptocurrency – Traders can trade 9 different cryptocurrencies with leverage up to 20:1. These include Ripple, Ethereum, Bitcoin and Bitcoin.
• Indices, Bonds, Stocks, ETFs & Commodities – AvaTrade traders enjoy the highest leverage along with very competitive and low spreads for trading these financial assets.
• Options – Avatrade has made trading options accessible to traders of all experience levels. The new options trading platform reduces the complexity of vanilla options and opens up a wide range of opportunities for those who are curious about the use of the product.

 

User support

AvaTrade offers excellent customer support through several multilingual options. Options include live chat, email, FAQ pages, social media, fax and by phone. Phone support is offered in multiple languages ​​and countries worldwide, including 21 countries across Europe, 2 countries across Africa, 6 countries across Asia, 4 countries across South America, 2 countries across the Middle East and Australia.

The support offered is fast and informative from a local customer support representative. A recent partnership in Canada for example, gives customers access to Friedberg Direct’s locally based customer service.

 

 

Deposit & Withdrawal

Deposit – AvaTrade offers customers a variety of deposit options. Merchants can fund their accounts with credit cards (VISA, MasterCard, debit), Bank Wire Transfer, and various forms of E-Wallet such as Paypal, Skrill, NETELLER and WebMoney. The minimum initial deposit to open an account is only $100.

Withdrawal – Traders can withdraw their funds through the same method used for deposits. Withdrawal requests will take up to 5 business days to process. When processed, withdrawals will be completed as soon as the method allows them to complete. The fastest withdrawal method is to use the Ava Debit Mastercard, which merchants can use to register a one-time account.

AvaTrade Day Trading Tool

Education – AvaTrade has an incredible education center. It’s probably the best we’ve seen yet, complete with videos, eBooks, tutorials, glossaries, and more. There is an entire section on their website dedicated to educating their traders. Also, the entire site is generally very informative for day traders.

Trading Tools – AvaTrade has many features specifically for successful day traders. One of the most attractive features is their incredible automated trading software package for day trading.

Asset range – There are many assets to choose from, which makes this broker great for day traders just starting out or seasoned veterans.

Free Trading Training Course – A new partnership promotion with Manchester City Football Club includes a number of free trading courses. Specific details can be found here: MCFC online trading course

Spreads Avatrade

Examples of variable spreads at AvaTrade;

 

 

Spreads are competitive at Avatrade, and they are always working to reduce them further. Especially in the crypto market, the firm has made great strides. Recently the spread on cryptocurrency trading was reduced by 50% – however announcements have revealed they have been trimmed by a third. As brokers gain confidence in market liquidity, they can be bold with spreads.

 

 

 

Accepted Countries

Avatrade accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and many other countries.

Traders cannot use Avatrade from USA, Belgium, Zimbabwe, Iran, Iraq, India, Pakistan.

Frequently asked questions