AvaTrade is a Foreign Exchange and Contract for Difference platform introduced by the AVA Group of Companies. It debuted in the market back in 2006 and now operates with four offices in Japan, Australia, Ireland, and the British Virgin Islands. After more than a decade of service, it is now known as one of the largest brokerage firms across the world. The company’s tight market traction could partly be owed to its generous trading conditions, while its partnerships with different associations also contributed to its popularity.
There may be numerous bases why AvaTrade is heavily celebrated in the industry, but its asset classes remain as the primary reason for its reputable status. From cryptocurrencies to CFDs, it does not fall short in providing selection for portfolio upgrade. In line with this, its platform is greatly lauded and has bagged numerous awards including Best Forex Broker of 2019 and Best Trading Application of 2021.While it has already secured its name as a reliable broker, AvaTrade still engages in brand growth and visibility by partnering with various organizations such as the English Premier League Champions Manchester City.
AvaTrade Regulation
Since AvaTrade is a globally-recognized brokerage company, it holds multiple jurisdictional licenses from where its offices are located. All operations conducted in Europe are regulated by the Central Bank of Ireland. Meanwhile, its Australian-based headquarter is filed under Australia’s Securities and Investment Commission. AvaTrade’s office in Japan is licensed by the Financial Service Authority, while the Financial Services Board oversees all operations in South Africa.
In addition to the aforementioned industry awards it has bagged, AvaTrade was also acknowledged for its highly responsive customer support, optimum alert system, and financial derivative trading. Just recently, it has extended its reach to Canada in collaboration with FriedBerg Direct, a subsidiary of FriedBerg Mercantile Group Ltd. Since this agency is heavily regulated by the Investment Industry Regulatory Organization of Canada, clients are then secured that all transactions are protected and safe.
AvaTrade Account Selection
Far from the usual selection of three to five accounts, AvaTrade only offers two types: one for live trading and one for mock trading. The Standard account requires a competitive funding of $100 for credit cards and $500 for wire transfers. For those traders who comply with the Sharia Law of interest-free trading, they may open swap free accounts.
More so, professional traders are given the opportunity to open MAM accounts to easily facilitate multiple accounts for their clients. Some of the advantages that this type of account carries are as follow:
- Enables the development of multiple sub-trading groups
- Grants access to all MT4 order types such as stops, limits, and close
- Comes compatible with Expert Advisors (EAs)
- Guarantees a minimum trade size of 0.01 lots
- Houses several allocation parameters
- Grants order placement for unlimited client accounts
- Enables order placements using master accounts
Trading Platforms
Avatrade’s trading platforms can be downloaded in PC or in mobile. AvaTradeGo, DupliTrade, ZuluTrade, and MT4 are just some of the many platforms offered by the company. AvaTradeGo is an application equipped with multiple functions and has gathered client loyalty for its comprehensive interface. This provides thorough guidelines when opening a trade, activity reviews, and technical support. It is also wired with multiple functions that enable traders to use MT4 and to use accounts simultaneously.
MT4 comes advantageous as it is widely acknowledged and popular in the Foreign Exchange market. One laudable feature of this is the automated trading, which gives the opportunity to trade using wide choice of spreads. More so, AvaOption is an alternative platform designed by Avatrade that projects grade-A visual transactions.
Customer Support
AvaTrade is well-lauded for its responsive customer support. Available in multiple languages, it has a wide selection communication channel including a live chat, email, FAQ page, social media, fax, and a telephone line. With several means where queries may be placed through, clients’ request are delivered in real time.
Conclusion
AvaTrade has long established its name as a reputable broker. Its status was mainly from its impressive asset classes, excellent selection of in-house and third-party platforms, and lastly, its dedicated support team. Much of what was mentioned above testifies to AvaTrade’s legitimacy, making it worthy of a sound investment.