AvaTrade Review

    • Personal Account Manager for retail traders.
    • Voted Best Broker of 2015.
    • Licenced by the Securities Commission of Malaysia
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AvaTrade was founded in 2006 and its headquarters are in Dublin, Ireland. It also has other offices in Ulaanbaatar, Mongolia; Tokyo, Japan; Paris, France; Shanghai, China; Milan, Italy and Sydney, Australia.

It provides trades in commodities, Bitcoin, indices, exchanged trade funds (EFTs), bonds and equities.  It is a dealing desk (market maker) type of a forex broker.  AvaTrade is a perfect choice for any type of forex trader ranging from scalpers, intraday traders to long term traders.

Regulations

AvaTrade forex broker is one of the oldest forex brokers and has therefore gained grounds when it comes to the number of countries where it offers it forex trading services. In every country where it operates, it is licensed by the commission overseeing the licensing of securities businesses in that country.

Some of the commissions that have licensed AvaTrade are: Central Bank of Ireland, Australian Securities & Investment Commission, British Virgin Islands Financial Service Commission, Financial Service Agency in Japan, Financial Futures Association of Japan, Commodities Futures Association of Japan and Securities Commission Malaysia.

AvaTrade trading platforms

AvaTrade provides a variety of trading platforms for its wide range of retail forex traders. These trading platforms include: MetaTrader 4, AvaTrader, AvaOptions, MirrorTrader, ZuluTrade and Sirix WebTrader.

The AvaTrader platform allows single click trading on all trading assets from a single trading screen and it completely customizable.

The MirrorTrader and ZuluTrade are automated trading platforms which allows traders to copy trades from more successful traders.

AvaTrade account types

Like many forex brokers, AvaTrade offers two main types of accounts; the demo account and the real account.

Traders opening real accounts can choose from four types which include: silver account, Gold account, Platinum account and Ava Select account. The Silver account requires a minimum deposit of $100, the Gold account requires a minimum deposit of $1000, the Platinum account requires a minimum deposit of $10,000 and the Ava Select account requires a minimum deposit of $100,000.

Each type of real account has its own benefits.

Banking options

AvaTrade has allowed the use of a number of money transaction methods when it comes to depositing and withdrawing money from your AvaTrade account. The allowed methods of transacting money include: bank wire transfers, PayPal, Neteller, Moneybookers, Ava Debit Card and WebMoney.

Other AvaTrade features

  • AvaTrade offers several important forex trading tools which include: Expert Advisors (EA) on MT4, Trading Central and a Direct Dealing Room Support.
  • It also offers forex education materials like Webinars, Videos, Guides, Daily News, Demo and Technical Analysis.
  • AvaTrade also provides their retail forex traders with Personal Account Manager.
  • The AvaTrade Customer Service is open for 24 hour for the five working days.
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