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Forex Broker Review: AvaTrade


AvaTrade Review

» AvaTrade Rating Analysis

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AvaTrade GENERAL INFORMATION

Found: AvaTrade was found in 2006

Headquarters: AvaTrade has offices in Ireland

US Residents: AvaTrade doesn’t allow traders from US –NO-

Islamic Accounts: AvaTrade supports Islamic Accounts –YES-

Regulated: AvaTrade is regulated by ASIC (Australia) and CBI (Ireland)

Languages: AvaTrade web-site supports 16 Languages

AvaTrade TRADING INFO SUMMARY

 

Broker Type: Market Maker

CFD Trading: YES

Platforms: MetaTrader4, AVA Trader,MirrorTrader, Zulu Trade  and AVA Mobile Trader

Trading Time Zone: GMT

Demo Account: AvaTrade is providing a Demo Account –YES-

Typical Spread EUR/USD: AvaTrade spread on EUR/USD is 3 pips

Leverage: Leverage at AvaTrade can be up to 1:400

Scalping: is allowed at AvaTrade –YES-

Bonus: AvaTrade offers Bonuses for new accounts up to-$1,200 (12-50%)

■ Minimum Account: $100

Visit AvaTrade 


 TRADING ASSETS

 

AvaTrade TRADING ASSETS

AvaTrade is providing a great variety of Trading Assets:

■ 48 Forex Currencies

■ Commodities

■ Several Indices

■ Stocks (many assets)

COMMISSIONS & LEVERAGE

AvaTrade TRADING COMMISSIONS & LEVERAGE

■ AvaTrade Spread on EUR/USD is 3 pips

■ Interest is charged on margins

■ Leverage at AvaTrade can be up to 1:200

TRADING PLATFORM & MOBILE

AvaTrade TRADING PLATFORM

AvaTrade is offering a wide variety of Trading Platforms and a practice (Demo) account is included.

■ Online Platforms include:

1. MetaTrader 4

2. AVA Trader

3. Mirror Trader

4. Zulu Trade

■ Scalping: is allowed at AvaTrade under policy

■ Languages: The 16 languages available at AvaTrade are: English, Spanish, French, German, Arabic, Chinese, Korean, Hebrew, Italian, Japanese, Portuguese, Polish, Russian, Greek, Swedish and Turkish.

AvaTrade MOBILE TRADING

■ AvaTrade supports many type of mobile devices: iPhone, Android, Windows, Blackberry and Symbian.

■ All mobile platforms include the following features:

1) MT4 Account

2) Live Streaming Quotes

3) Charting Options

4) Opening and Closing Trades

5) News & Alerts

 

NEW ACCOUNT INFORMATION

ACCOUNT TYPES

There are 5 Types of Accounts:

1) Silver / minimum deposit $100

2) Silver / min deposit $300

3) Gold / min deposit $1,000

4) Platinum / min deposit $10,000

5) VIP account for more than $50,000


■ AvaTrade Minimum Account: The minimum initial deposit required for opening an account on AvaTrade is 100 USD.

■ New accounts can be opened in EUR, USD, GBP, JPY and AUD 

AvaTrade DEPOSIT METHODS

■ Credit / Debit Cards

■ Bank Wire

■ MoneyBookers

■ Neteller

■ WebMoney

AvaTrade WITHDRAWAL METHODS

The withdrawal process takes 5 working days to be processed. Up to the amount of the initial investment is returned through the same payment method that was used to fund an account. All further profits can be withdrawn by:

■ Wire transfer

■ Ava Debit MasterCard

■ Neteller

■ Webmoney account

AVAILABLE BONUSES TABLE

MINIMUM DEPOSIT

AVAILABLE BONUS 

100 USD

50 USD

300 USD

75 USD

1,000 USD

1,000 USD

10,000 USD

1,200 USD

AvaTrade NEW ACCOUNT DOCUMENTATION

AvaTrade broker will demand the below documentation to complete your account:

1) Official ID with picture

2) Proof of your address using a Utility Bill

3) In the case of a credit card, a copy of the credit card front and back where the last 4 digits are visible

CONTACT INFORMATION

Company: Ava Capital Markets Ltd 

Headquarters: International Financial Services Centre (IFSC), Dublin 1, Ireland

Phone US &Canada: +1-888-5413720

Phone International: +1-212-941-9609

Fax: +1-646-335-0333

Email Accounts: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.  

Email Technical Support: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.  

Email Sales: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.  

Email Trading Desk: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

 AvaTrade PROS AND CONS 

(Related to Competition)

AvaTrade REVIEW CONCLUSIONS

AvaTrade  PROS

AvaTrade CONS

√ Large and regulated company found in 2006

√ Allows Scalping and Hedging

√ Wide variety of Trading Assets (especially Forex and Stocks)

√ No Fees and Commissions

√ Good and reliable support

√ High Bonus Policy 

x High spreads as concerns minors

 X Suitable for Position Traders but not for Day-Traders

Testing & Conclusion:

AvaTrade is one of the leading CFD Brokers in the world, holding 150,000 trading accounts from over 150 countries. AvaTrade is regulated by ASIC (Australia) and CBI (Ireland). I traded with Ava in 2013 using their MT4 platform. Before opening a real account, I tested their other platform too, the AvaTrader. AvaTrader offers a great variety of assets (Forex and CFDs) but it was too simple, so I chose to test AvaTrade by opening a real account using a MT4 account. The Ava MT4 is easy to install, and offers all the classic MT4 features, plus 1-click-trading. The asset index includes many Currency Pairs and Gold Trading. As concerns the speed of execution, I could say that the Ava MT4 performed well. Ava MT4 slippage is far better than other Market Makers that I have used. The only real disadvantage I can mention is the magnitude of the spreads. In some cases and by giving orders of 1 standard lot -the spreads in minor currencies were skyrocketing. If you deposit 1,000 USD or more you may benefit from better trading conditions. AvaTrade bonus policy is usually 50% in the first deposit. As concerns fund methods, most popular fund methods are supported, but PayPal is not available for every country. AvaTrade offers also the Ava Mirror Trader and a mobile trader. I must mention also that their chat and email support was very good. In overall AvaTrade is considered a reliable choice for online Forex brokerage that can fit to the needs of Position Traders and not for Day-Traders.

 ► Visit AvaTrade

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