AVATRADE | 50% FIRST DEPOSIT BONUS |
About AvaTrade
Founded in 2006, AvaTrade is ranked and touted among the top forex brokers in the world and for good reason. It has offices in Dublin, New York, Sydney, Tokyo, Milan and various other locations for starters, plus it is regulated by the Central Bank in Ireland and licensed by MiFID in the European Union. In Australia it is regulated by ASIC and in Japan it is regulated by the Financial Servicers Commission (FSC). If that’s not enough, it is also regulated in the British Virgin Islands by the B.V.I Financial Services Commission.
The hype surrounding AvaTrade is nothing short of huge, largely because the company has come along way since its initial launch. Delivering forex trading and CFD (Contract for Difference) trading on a level that other forex brokers can’t match, there are now a whole host of reasons as to why you should have an account at AvaTrade.
AVATRADE | 50% FIRST DEPOSIT BONUS |
Accounts
AvaTrade has one standard account that requires a minimum deposit if $100, and this gives you access to 1:400 leverage. AvaTrade offers traders both variable and fixed, or floating spreads, beginning at 0.9 pips. In fact, the spreads at AvaTrade are some of the most competitive you’ll find amongst the sheer sea of forex brokers that currently flood the investment marketplace.
The types of basic orders that are available at AvaTrade are typical of what you’ll need for all of your forex trading requirements, such as Market Orders, Limit Orders, Entry Limits, Stop Loss Orders, Entry Stops, and Trailing Stops. Advanced types of orders, such as If Done and One Cancels Other, are also available, should your forex trading skill level be up to implementing such.
As a trader, your funds are held in segregated accounts for increased security. Spread betting, where traders place both long and short spread bets, is also available on more than 200 different financial instruments, with leverage of up to 400:1. Traders can conduct spread betting using the popular MetaTrader4 platform using either a live or demo account; however, it is only available to traders in the UK and Ireland. It was pleasing to see that while writing this AvaTrade review, a 21-day forex trading and CFD trading demo account was available for any traders new to format.
AVATRADE | 50% FIRST DEPOSIT BONUS |
Platform Features
AvaTrade was one of the first forex brokers to offer investors CFD trading on commodities, indices, and stocks. It was also ahead of other forex brokers when it brought in digital currency forex trading, which gave ordinary retail traders access to the ever-growing bitcoin market. Another thing that we found quite pleasing was AvaTrade’s complete transparency with their forex trading conditions.
AvaTrade offers many unique features that you won’t find with other forex brokers. For example, members can make user of a CFD Trading Rollover, where they can swap a matured contract price with a new one just prior to the expiry of the old contract, and then they adjust the difference in price between the two underlying contracts. If you deposit more than $1,000, you’ll have access to Trading Central charting tools too, as well as free withdrawals. AvaTrade also offers a Forex Options platform, which certainly proves to be of noye. AvaOptions is the premier accessible platform for trading OTC basic puts and calls online. Capping matters off, navigation on their website is simple and is clearly tabbed. The available languages are English, French, Italian, Spanish, French, German, Portuguese, Arabic, Russian, Japanese, Chinese, and Taiwanese, which works to showcase the true global scope of AvaTrade.
AVATRADE | 50% FIRST DEPOSIT BONUS |
Bonuses and Promotions
If you’re a new client with AvaTrade, when you open your account, you’ll receive a very generous deposit bonus, beginning with 30% for a $300 deposit and increasing up to $5,000 for a $10,000 deposit. Also, AvaTrade’s unique ‘Ava Select’ program awards clients who make a single minimum deposit of $100,000 or those whose trade volume is greater than $100,000 with a host of special offering, such as express withdrawal approvals, specially designed education programs, a dedicated Ava Select hotline, customised trading terms and benefits, as well as other special gifts, such as mobile phones and tablets.
AVATRADE | 50% FIRST DEPOSIT BONUS |
Education
Besides the benefits given to Ava Select program members, all AvaTrade account holders are also entitled to other forex trading related benefits, such as access to a series of online courses, live webinars and daily analysis. Other learning tools available to the AvaTrade client includes the ebook, ‘Forex Trading Strategies’, which shows readers how forex trading trends can be identified from news and technical analysis, which will certainly help the trader make informed decisions.
Live market news is also integrated into AvaTrade’s trading platform. AvaTrade’s Economic Indicators page gives heaps of information about the various world economic indicators. These indicators have been divided into an easy to understand format. U.S indicators will give information from the rate of inflation to the NFPs. The European Indicators page is geared toward clients who trade EU instruments and gives access to news headlines from the EU. The Asian Indicators section focus on news events from Japan, China. and the Pacific Rim. AvaTrade also has an extensive economic calendar that allows traders to see what events are scheduled to occur each day. This information can be filtered by date, instrument, and importance.
If all the above wasn’t enough on the forex trading and CFD trading education front. Traders can find relevant information about financial instruments, technical terms, and fundamental concepts that will benefit their online trading education. This information can be accessed through AvaTrade’s Trading A-Z section. This section is different from their full glossary, which lists all financial terms in alphabetical order. Finally, AvaTrade’s ‘Sharp Trader’ section is another unique feature where traders can get insights from a number of leading professional traders.
AVATRADE | 50% FIRST DEPOSIT BONUS |
Deposits and Withdrawals
Depositing funds can be done using credit cards or wire transfers. The minimum amount required is $100. If you are a live account holder, you can also receive an Ava debit card to use for making deposits into your trading account. To make a withdrawal, you will need to fill out an online withdrawal form, and this can take several days to process.
Customer Support
AvaTrade’s customer support is an award-winning multi-language team that is accessible by phone in 34 countries, as well as email and live chat. Also, customer support can be accessed whenever the markets are open, meaning help is never too far from reach.
AVATRADE | 50% FIRST DEPOSIT BONUS |
AvaTrade Final Thoughts
The modern website and easy to navigate interface makes AvaTrade a great choice for traders of all skill levels, as all relevant information can be found easily and quickly. In some categories (i.e. the Order Types section), their website also breaks complicated information down into simpler terms so that traders won’t feel overwhelmed by the huge amount of information that is being provided. One thing we would have liked to see is higher spreads on popular currency pairs and shorter withdrawal times; however, we really enjoyed the amount of flexibility AvaTrade allows, both in terms of platform options and currency pairs. All in all, AvaTrade is sure-fireiew winner.
AVATRADE | 50% FIRST DEPOSIT BONUS |