Broker Review: AvaTrade
Licensing and Regulation
AvaTrade is regulated by the ASIC (Australian Securities & Investment Commission), the JFSA (Japanese Financial Services Authority), as well as in the EU, BVI and South Africa.
AvaTrade in headquartered in Ireland and has offices in 11 countries.
Account Management - Minimum Deposit
New traders at AvaTrade can open a standard trading account with as little as $100.
AvaTrade offers accounts from two different legel entities, Ava Trade Ltd. and Ava Trade EU Ltd. Both account entities give traders access to the same trading platforms, markets and negative balance protection. It is licensed and regulated around the world, giving traders the highest level of protection. Client money is held by AvaTrade is segregated bank accounts.
AvaTrade is a well established online brokerage that has been providing online trading services since 2006, aiming to appeal to traders of all skill levels by offering them adaptable trading platforms for automated and social copy trading. Being a global CFD and FX broker, it offers over 250 different instruments to trade with complete transparency and trustworthiness, enjoying a very positive reputation amongst its clients and the industry.
One of the most impressive aspects of AvaTrade is the number of trading platforms they offer. Their innovative trading technology is specifically designed to assist traders with accessing the financial markets at any given time by providing live market information, as well as advanced trading tools on a variety of instruments. Anyone can choose between MT4, AvaOptions and ZuluTrade for Desktop and the AvaTradeGO and MT4 for mobile trading.
Markets, Assets and Products
AvaTrade has a good balance of market research solutions and is considered to be a world-renowned established broker with over 250 instruments traders can choose to trade with, including Forex, Stocks, Indices, Metals, Energy, ETFs, Bonds and Cryptocurerencies.
AvaTrade features a comprehensive education center with a diverse selection of informational tools and resources for anyone who would like to learn about Forex and CFDs. Taking advantage of these educational resources (fundamental concepts glossary, economic indicators, webinars, video tutorials, eBooks) is what allows users to trade al of their platform instruments with much useful guidence.
Customer Service and Support
AvaTrade offers 24/5 chat/phone support together with social media portals and an online form entry. This broker also maintains multiple international offices, allowing customers local contact when needed.
AvaTrade allows access to third-party platforms for copy and social trading, while their AutoChartist plug-in for Meta trader adds technical functionality.
At a Glance
• AvaTrade is a regulated broker offering segregated client accounts and is considered to have a large asset index with a good variety of trading platforms, as well as two different mobile apps (MT4 and WebTrader). This broker offers safety for your money, and with recognition through its many awards, combined with longevity of over 10 years in the industry, it stands out from othe rbrokers in more than one respect.
• AvaTrade offers relatively wide spreads and has a slow order execution time.