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AvaTrade Review
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 website 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
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 types of mobile devices: iPhone, Android, Windows, Blackberry ■ 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 /minimum 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:
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Email Technical Support:
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Email Sales:
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Email Trading Desk:
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AVATRADE PROS AND CONS
(Related to Competition)
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AvaTrade REVIEW CONCLUSIONS |
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AvaTrade PROS |
AvaTrade CONS |
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√ 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 an 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% of 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 the needs of Position Traders and not for Day-Traders.
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