AvaTrade is an online forex broker website operated by the Ava Capital Markets Ltd, a subsidiary of Ava Financial Ltd established in 2006. It has more than 150,000 clients in 150 countries. The company operates out of Dublin, Ireland and subjected to the ‘Markets in Financial Instruments Directive’ (MiFID) issued by the European Union (EU). Therefore, the company is EU-regulated which is an important guarantee for potential customers.
LeapRate, an independent research and advisory firm, covering the world of online Forex and CFD trading qualifies AvaFX.com as “ one of the most successful and fastest growing online Forex firms – from a true standing start it now does more than $45 billion in monthly volume with customers all over the globe”…”We expect AvaFX to continue to grow by a combination of organic growth and acquisitions.”
AvaTradeoffers a number of trading platforms such as MetaTrader 4, ZuluTrade as well as their own “AvaTrader” system.
The clients of AvaTrade can use a variety of API (Application Programming Interface) libraries which help to customize their forex strategies and automated trading solutions. This is one of the important features which sets them apart from the many other brokers competing for the clients in the online Forex industry.
The platform is said to be multi-faceted. The forex traders can configure it according to their own individual trading style and preferences. There are two versions of the platform. One is used as a downloaded application and another is a web based version that utilizes Java (Ava Java).
AvaTrade also offers the highly-regarded and popular MetaTrader 4 trading platform as well as Ava Java, Ava Mobile Trading, ayondo, Currensee and Mirror trader and Zulutrade.
AvaTrade does not charge commissions/fees for the trades. The traders are charged a small fixed spread from 3 to 7 pips.
Customer support is available in Dutch, English, French, Portuguese and Spanish. There are also various options like Live Chat, Email and Phone calls which clients of AvaFx.com can use to get in touch with the support team.
Major credit cards, Wire Transfer, Moneybookers, NETELLER, Paypal, Web Money and Western Union are all acceptable for transferring funds. Withdrawals of fund are also done in the same way. For speedier withdrawals the traders can use Ava Debit card.
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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