AvaTrade trades over 2 million trades each month and is one of the most reputable and respected online Forex brokers. The broker has more than 200,000 customers from 160 countries world-wide with total trading volume exceeding $50 billion / month. It is a regulated broker is accredited in the European Union, Australia, and Japan. This is a vote of confidence and a green flag for forex beginners looking for a good broker or intermediate players trying move from a disappointing service. AvaTrade has offices in the major financial centers of the world including New York, Tokyo, Dublin, Paris, Frankfurt, Milan and Sydney.
What sets AvaTrade apart from other top forex brokers is the intuitive user interface which satisfies the professional traders and the Forex beginners. The trading platform employed by Ava is called the Ava Trader. The software enables even the forex beginners to trade quickly, using a popular Meta Trader 4 platform. AvaTrade also offers a web based trading platform called Ava Java.
AvaTrade Debit MasterCard and AvaTrade Mirror Trader should certainly be mentioned here. Note that nowadays the options of the automatic trading and copy-trading are among the salient features of the top forex traders. Copy trading can be combined with your regular way of trading using your hand-tuned strategy and often leads to profitable results.
The demo account has all of the features of live Ava and an excellent introductory trial. MetaTrader 4 performs solidly and conveniently provides all necessary Forex trading information. Ava FX offers exceptionally comprehensive set of instructions of how to use it along with links to platforms using different currencies. Finally, it is an auto trader AvaAutoTrader that allows the traders to select a variety of trading signals and have those signals traded automatically.
A 30-day demo provides a very good broker-based service to compare auto trading platforms. This service does come highly recommended for traders looking to add auto trading to their Forex portfolio.
The following are the options for the forex traders when opening account with AvaTrade:
Silver Account with $100 minimum deposit
Gold Account with $1,000 minimum deposit
Platinum Account with $10,000 minimum deposit
VIP Account with $50,000 minimum deposit
AvaTrade now offers now the mobile trading. You can trade instantly and effectively using your mobile device. The benefits of mobile trading are countless, including ability to access the market 24 hours a day, check out live prices and charts, read market analysis and breaking news, place trading orders on the go and edit the current orders.
Once the deposit is made, a bonus is added automatically to your trading account. The amount of money depends on the account time. The bonus is up to $1,200( see Up to 1200USD Bonus !)
The spreads are fixed, raging from 3 pips for majors EUR/USD, EUR/GBP, USD/JPY and 4 pips for AUD/USD and EUR/CHF. The exotic currency pairs have wider spreads.
There are no commission charges on transactions.
The variety of order types are available including market orders, limit orders, entry stop and entry limit orders, stop orders and trailing stop orders.
Lot Size and Leverage
Leverage is up to 200:1 with minimal margin requirement of 0.5%.
AvaTrade’s customer service includes email support, phone assistance and live chat. Unlike other Forex brokers, AvaTrade provides a singular customer service phone number based in America (traders calling from abroad may need to make a long-distance call). It is even possible to get a multi-lingual phone support.
Overall review of AvaTrade shows:
Trading Platform : Download / Online / Mobile
Established : 2006
Accounts : Demo, Silver, Gold, Platinum, VIA
Bonus : up to $1,200
Demo Account : Yes
Min. initial Deposit : $100
Payment Options : Credit Card, Western Union, Pay Pal, Wire Transfer, Neteller, WebMoney, MoneyBookers, MoneyGram, Avafx Debit Card
Spread : fixed from 3 pips
Leverage : 1:200
Currency Pairs : dozen
Extra Fee : none
Languages : English, Chinese, Arabic, Spanish, French, Italian, Portuguese, German, Indonesian