AvaTrade Review: Online Forex and CFDs Broker Review

AvaTrade is an online forex and CFDs broker. Its headquarters are in Dublin, Ireland. The company deals with forex, commodities, cryptocurrencies, market indices, bonds, equities, and ETFs. It is regulated by reputable bodies such as the Central Bank of Ireland, the Australian Securities & Investments Commission (ASIC), and the Commodities Futures Association of Japan.

The company was established in 2006. Since then, AvaTrade has enjoyed tremendous growth in the number of transactions and worldwide reach. Today, the company performs over 2 million transactions monthly. The customer base has also grown to over 200, 000 accounts. About $60 billion is traded on AvaTrade’s online platform every month.

Trading Software

AvaTrade’s trading software is what makes it stand out. The package comes with forex trading APIs and automatic trading systems such as Zulu Trade, Ava Auto Trader, and the renowned Meta Trader 4. This gives traders the freedom to switch between manual and automatic trading modes. Furthermore, the user-friendliness of the trading platform makes AvaTrade suitable for both novice and expert traders. The platform offers variety. Traders can buy and sell all the major currencies.

Customer Support

Exceptional customer support is the other reason why traders prefer AvaTrade. They respond to customer queries very promptly. Additionally, the customer support is available any time of the day. AvaTrade has incorporated multiple languages in their customer service to cater for its worldwide customer base.

Fees and Funds Transfer

AvaTrade customers have a wide range of fund transfer methods to choose from. The methods include wire transfers and online wallets such as Paypal and Neteller. The company does not charge commissions. It makes a profit from the trader’s spread only. The maximum leverage allowed is 1:400.

Mobile Devices

As the popularity of mobile devices rises, trading companies are forced to develop mobile compatible platforms. AvaTrader has not been left behind. Its trading platform supports both Android and iOS devices

Bonuses

AvaTrader offers bonuses to new and existing customers regularly. The most common bonus is the deposit bonus. This bonus is proportional to the amount deposited. It ranges between $250 and $10, 000. On top of the numerous bonuses, AvaTrader gives its traders free trading tips and alerts.

Awards

Over the years, AvaTrade has been awarded several accolades in recognition of the reliable services they offer. Some of the most prestigious awards they have won are the Excellence Award and the Best Forex Award.

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