Headquartered in Dublin, Ireland, AvaTrade was founded in 2006 as AvaFX, but since the addition of CFDs and Vanilla Options along with Forex trading, it simply became AvaTrade.
A highly trusted and respected broker, AvaTrade has offices in many locations including:
- and more
AvaTrade is a world class broker. The minimum deposit is $100 and traders can get Forex leverage at 400 to 1 and CFD leverage at 200 to 1.
AvaTrade has a wide range of deposit and withdrawal methods including credit cards, bank transfer and many ewallet methods including Paypal.
If a person wants to try out the trading platform before risking money, AvaTrade does offer a demo account.
Adding to their strong benefits is the Sharp Trading Education Center where traders can read and watch videos that educate on trading practices and strategies.
Another great feature with AvaTrade is the wide range of languages the system supports. I count 20+.
AvaTrade Trading Platforms
AvaTrade has platforms available so anyone can easily make trades. They are supported on mobile applications too. The trading platforms consist of:
- MetaTrader 4
- AvaTrader’s proprietary platform called AvaTrade Act.
- MetaTrader for Mac
- MetaTrader for floating, mobile or web.
And AvaTrade has multiple automated trading platforms that include:
- API Trading
- Mirror Trader
- MQL5 Signal Trading
- and ZuluTrade
By having a well-rounded set of trading platforms, investors can trade in there most comfortable method.
AvaTrade Trading Markets
I mentioned it earlier, but AvaTrade offers trading in Forex, CFDs and Vanilla Options. Being a Market Maker broker, AvaTrade makes money by adjusting spreads slightly.
With well over 250 various assets to trade on, there is no boredom in finding your favorite. They even offer trading in various cryptocurrencies like Bitcoin, Ripple, Etherum and others.
- as well as cryptocurrencies
AvaTrade Customer Support
AvaTrade is strong on staying supportive of all clients. They are quick to answer any, and all complaints or questions.
Users have the ability of using live chat on the website. There are also various other methods to contact AvaTrade customer service.
There are phone numbers and emails for all offices on the AvaTrade contact page. And they also ask you to contact them with any question but before doing so, you should check the FAQ page to see if your question has already been answered.
AvaTrade Security & Fairness
AvaTrade abides by all regulations handed down by regulatory agencies in regards to anti-money laundering. As such, before you can withdraw funds, you will have to supply AvaTrade with compliance documents to ensure compliance with regulations. They will consist of:
- A government issued photo identification
- A recent utility bill showing your name and address
- And, if a credit card was used, a copy front and back with all but the last 4 numbers blacked out.
AvaTrade is licensed and regulated by the Central Bank of Ireland, ASIC in Australia as well as various other financial regulators.
They take your privacy and safety seriously and use encryption methods that major banking operations use.
I decided to review all the pros and cons of AvaTrade and found
- Licensed and regulated by multiple entities.
- The huge amount of languages.
- Heavy in automated trading systems. Some consider this a con.
- Can deposit via Paypal.
- The Ava Debit Card feature that speeds up withdrawals.
- Huge educative library.
- Has won several awards.
- Demo account.
- $100 minimum deposit.
- Excellent customer support.
AvaTrade has few cons.
- Somewhat “busy” website that can confuse.
- Does not allow United States traders.
- Bonus terms are not very clear.
- AvaFX had some customer support issues that gave bad reviews.
Overall, AvaTrade has become a top choice for Forex and CFD trading for many. Yes, when the company first started, it did have some issues, but they have grown to ensure that all customers are treated fairly and with respect.
What’s more, being licensed and regulated by various agencies tells us that AvaTrade follows regulations in a strict fashion.
When I looked at complaints big and small, I see that AvaTrade is immediately on the spot with working to solve the issue. That in itself tells me this broker knows that traders must be supported.
I will gladly recommend AvaTrade to all reading this review. They are a top class broker.