Avatrade.com Review 2020 Is AvaTrade A Scam or Reliable Broker

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AvaTrade Company Overview

Forex broker AvaTrade was founded in 2006 and now AvaTrade has become one of the most reliable Forex brokers, providing online trading services around the world. AvaTrade offers a wide range of affiliate programs, the ability to trade in currencies, cryptocurrencies, stocks, indices and ETFs. With AvaTrade, you will get a good partner for your financial investment.

Reliable companies are confirmed by licenses. Forex broker AvaTrade received a number of accreditations: the Central Bank of Ireland, the British Virgin Islands, Australia (ASIC), South Africa, Japan (FSA and FFAJ). This indicates a thorough organization and trustworthiness of this company. Since 2007, the broker demonstrates its reputation by receiving positive feedback from customers.

AvaTrade Services Features

This is what the AvaTrade broker has to offer the traders:

  • access to more than 250 trading instruments (currency pairs, stocks, cryptocurrencies, indices, commodities);
  • trading on a PC, phone or tablet using MetaTrader 4 and AvaTradeGo, as well as through the MetaTrader 4 Web platform. For automated trading, there are Zulu Trade, DupliTrade and other solutions;
  • low spreads;
  • leverage: 1:400;
  • minimum deposit: $100;
  • safety of trader’s funds;
  • existence of regulation: EU, Japan, South Africa, Australia and the British Virgin Islands;
  • deposits and withdrawals: without commission (not every broker offers this);
  • round-the-clock customer support (except weekends) in: multiple languages;
  • deposit bonuses up to: $10,000
  • trading information and tools for better trading experience.

Accounts

AVATrader offers a variety of account types. There are a demo and standard accounts for beginners and regular traders. VIP and Professional accounts are available for those who take trading seriously. Partner account and other accounts for specific trading instruments are also presented. AvaTrade Islamic account is another feature of this broker.
Deposits/Withdrawals

AvaTrade is one of the few most reliable brokers in the world. This is confirmed by its reputation, the presence of regulation on all continents, where the broker provides its services. You do not have to worry about the safety of your funds and the withdrawal of profits, no matter the amount. In addition, deposits and withdrawals are carried out without a commission, which makes it easier to earn money. To make a deposit, customers can use the following payment systems:

  • Webmoney;
  • Skrill
  • Bank card Visa/MasterCard;
  • Bank transfer
  • PayPal
  • Neteller

Avatrade Trading Platforms

AvaTrade offers several different trading platforms. The famous MetaTrader 4 and its newer version – MetaTrader5 are designed for Forex and CFD trading. If one wants to trade options, they must use the AvaOptions platform. In addition, there is a platform for social trading (DupliTrade) and one platform for learning how to trade (Sharp Trader). AvaTrade offers everything traders, from beginners to professionals, need to successfully trade in the markets.

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Customer Support

AvaTrade has offices around the world – in Ireland, Italy, France, Japan, Spain, China and Nigeria. The broker is focused on the international market, and therefore customer support is carried out in 9 languages. The official website is also available in several languages: English, French, Italian, Spanish, French, German, Portuguese, Arabic, Russian, Japanese, Chinese, Taiwanese. Customers can use the online chat, indicating the language for communication and their contact information, to contact representatives of the AvaTrade. Alternatively, they can contact the company by phone listed on the official website. There is also a FAQ page that is very informative and well organized.

AvaTrade Broker Information

Year Founded: 2006
Official Website: www.avatrade.com
Official social channels: AvaTrade on Facebook, AvaTrade on Twitter, AvaTrade YouTube channel
License/Regulators Central Bank of Ireland and the MiFID Directive
ASIC (Australia)
B.V.I (British Virgin Islands)
FSB (Africa)
FFAJ and FSA (Japan)
Liquidity Provider: UniCredit, NatWest and Barclays
Safety of Funds: Segregated accounts
256-bit encryption (SSL) and True-Site printing
ICCL Investor Compensation Company
Deposit Currency: USD, EUR, GBP and AUD
deposits/Withdrawals Bank cards and transfers, electronic payments
Min. Deposit $100
Spreads/Commissions: Fixed/floating spread
Account Types: Standard and professional accounts, Islamic account, Demo account
Leverage: From 2:1, but not more than 400:1
Platforms: MetaTrader 4, MetaTrader 5, AvaOptions, AvaTradeGO, automated trading, Web/Mobile/Mac trading
trading Instruments Forex, Options, CFDs, Cryptocurrency, Indices, Commodities
Language: Multilingual

Account Information

AvaTrade has several account types. No matter which regulator you choose, your account is protected by a negative balance protection. The broker will automatically stop you at the margin limit. Thus, your account balance will not be negative. A dispute settlement service is available for standard accounts.

It takes only a few minutes to open an account with AvaTrade. Just enter your personal data and click Sign Up. AvaTrade will ask additional customer information, but it depends on the regulator. For example, traders who want to trade with European regulation must upload an ID/Passport and a utility bill to verify their identity.

Traders can choose between a standard and a professional account. After meeting specific requirements (volume and trading frequency), traders can switch to a professional account. Better leverage and PAMM/MAM account management features are just some of the benefits of this upgrade.

You can also open a demo account and gain experience in trading without any risk. This is an account with virtual money that simulates trading with real money. Traders can practice on the platform to learn more about financial markets. In addition, advanced traders can try new markets for trading or new strategies. The demo account is active for 21 days (the Duplitrade platform allows for 30-days of demo use).

EU based traders also have access to a spread betting account. Crypto account and options account are also available. A premium level trader with a deposit starting from $10,000 will qualify for a VIP account and lower spreads. Individuals who follow the principles of Shariah law can open an Islamic account, which is a great feature of this broker. Those who would like to cooperate with AvaTrade can open a partner account.

Instruments Traded

AvaTrade is constantly expanding the list of assets available for trading. The company was one of the first to provide CFDs on commodities, indices and stocks. It was also among those who became the first to offer ordinary traders contracts in the cryptocurrency market (contracts for Bitcoin, Litecoin and others).

Forex:
First of all, one can trade on the Forex market. This is an international currency market with billions in turnover daily. The traders can access about 60 currency pairs, as well as standard options and pairs of five cryptocurrencies: Bitcoin, Lightcoin, Ethereum, Ripple, Dash. Traders are given the leverage of up to 1:400, and the spread is from 0.8 points.

CFDs
AvaTrade gives an opportunity to trade on the CFD market. This is an exchange speculators’ instrument that has gained popularity in recent years and is related to the so-called financial derivatives. One can trade CFDs on Forex currency pairs, leading stock indices, including, for example, S&P500, commodities (gold, metals, energy, agricultural products), stocks of leading world companies, including IPO, ETF exchange funds. When trading CFDs, traders are given leverage up to 1:200.

Cryptocurrency
AvaTrade is one of the best cryptocurrency brokers. One can trade more than 10 different crypto instruments using leverage and invest in rising or falling markets. AvaTrade has several advantages over regular crypto exchanges. Traders can trade Bitcoin, Bitcoin Gold, Bitcoin Cash, Ethereum, Litecoin, Ripple, Stellar, IOTA, NEO, Dash, and EOS.
Education

AvaTrade pays special attention to trading education and training. The company’s website has a separate section in which there is a wide variety of materials for learning more about trading. The Education section of the official website will give access to the following resources:

  • Basics of technical analysis;
  • Economic calendar;
  • Financial analytics – diverse reports and expert forecasts;
  • Video lessons for traders with different levels of training, incl. the use of trading platforms;
  • Free e-book about Forex trading;
  • Ability to open a demo account;
  • and much more.

Bonuses and Affiliate Programs

When the traders make the first deposit, they can receive a bonus of $40 for a deposit equal to $200 and up to $10,000 for a deposit equal to $50,000. This bonus can be used in trading on a par with own funds and profit can be withdrawn at any time.

AvaTrade offers to take advantage of the affiliate program, which allows to not only receive payments but also to receive a number of useful options, including a personal manager, a wide selection of commission, promotional support from a broker and risk management system.
AvaTrade Fees

Unlike some brokers, AvaTrade is transparent about its fees. AvaTrade only finances itself through a market spread and has no hidden charges. Traders can choose between variable or fixed spreads. Another fee that traders can occur is the inactivity fee. The free in the amount of $25 is charged only after 6 months of inactivity. Thus, AvaTrade fees are very low and all trading fees can be seen on the trading platforms.

Trading Platforms

MetaTrader4 and MetaTrader5

The main trading platform that the broker offers is MetaTrader4 and recently added MetaTrader5. The platform is available for mobile platforms and various OS. It is possible to trade in the web version and use the function for managing multiple accounts. Technical indicators and charts are also available.

AvaOptions

This is the broker’s own trading platform with which you can trade options on currency pairs and combine options with spot transactions. Moreover, these are real options with the ability to choose the expiration period, from 1 day to a year. Important platform features include:

  1. Ability to combine put, spot and call options in one space
  2. Choice of instruments and the ability to create a portfolio
  3. For options, one can place any type of order – StopLoss, TakeProfit and Limit
  4. Web version available.

AvaTradeGO

This is an application for mobile devices from the AvaTrade. Using the application, one can manage trading accounts in the same way as with the application for MT4.

Automated Trading

Copy-trading service is available directly from the MT4 platform. AvaTrade allows one to use trading accounts to copy MQL5 signals. The advantage of this type of investing is that you do not need to trade yourself.

Social Trading with ZuluTrade is an alternative to copy-trading. Social trading is more flexible in that one does not have to pay a fixed amount for a subscription. The investor pays only a percentage of profit transactions. Main advantages:

  • Ability to manage investments through a web platform and mobile applications
  • ZuluGuard function – protection is triggered when a risk limit is set or the trader changes trading strategy
  • $500 is enough to start investing.

Social Trading with DupliTrade – another provider of signals that one can synchronize an account with. DupliTrade service is no different from ZuluTrade service, with one exception – a minimum investment to start trading is $2,000.

Avatrade.com Review 2020: Is AvaTrade A Scam or Reliable Broker?

What is AvaTrade?

Are They Legitimate? Read This Before You Invest

The Lowdown on AvaTrade

Who Are AvaTrade?

The concept of investing in cryptocurrencies presents one of the most interesting undertakings of today. Indeed, cryptocurrencies such as Bitcoins have grown so much in value and with that comes an opportunity for investors to realize solid returns. One of the players making it painlessly easy for that to happen has been operating globally since 2006. In this AvaTrade review, we are going to talk about how this UK-headquartered company plays a pivotal role in the fast-growing marketplace.

Who Can Trade with AvaTrade

Anyone with the desire to invest can be a part of AvaTrade. The platform has been designed in such a way that it is accommodative to all levels of traders. So, whether you are a beginner or an experienced trader, you can rest assured that this system has a module to get you moving.

AvaTrade has been on the trading markets for slightly over one decade. Throughout the years, the company has made a name for itself by remaining consistent and steadfast in providing a platform for growth for investors. Given that the company is registered and licensed to transact as an international broker, it provides an outstanding choice for prospective traders who would like to be part of a flexible and intuitive trading platform. Different AvaTrade review postings laud this as one of the revolutionary approaches to cryptocurrency investment available out there.

Conducting over 2 million trades per month across a user-base of 200,000 customers across the globe, AvaTrade is a platform for retail traders to comfortably grow their trading strategies and benefit from a variety of financial trading instruments, from Forex to commodities to cryptocurrencies and more. In an industry where trust is paramount, AvaTrade has built a business that not only complies with all standard regulation, but has been recognized for its superior service year-after-year.

Trust and Recognition

AvaTrade is a trusted broker, with multiple AvaTrade reviews, over a decade of industry experience and global offices in over 10 countries worldwide. The company is an authorized broker-dealer and regulated according to many worldwide government institutions, giving users peace f mind that their funds are secure on the platform. However, because AvaTrade is not regulated in the United States, they are unable to accept clients residing in the US or take any deposits that originate in the United States at this time.

Not only is AvaTrade a trustworthy broker, because of its superior trading platform, reliable customer service, and trading options, it has won many awards for its contributions to the industry, including:

  • Best Forex Broker – 2020, 2020, 2020
  • Global Bitcoin CFD Trading Provider of the Year – 2020, 2020
  • Forex Excellence Award – 2020, 2020, 2020
  • FXEmpire Best Affiliation Program – 2020, 2020, 2020
  • DailyForex Most Reliable Broker – 2020, 2020, 2009

Instruments Available for Trade

While many trading platforms only provide a small selection of trading instruments, AvaTrade offers one-stop-shopping for users to trade a variety of financial instruments. Forex spot trading is available with both fixed and variable spread pricing. Additionally, Vanilla Options are available for Forex trading on the AvaTrade platform. Stocks, bonds, indices, commodities, and more are available to trade with Contract for Difference (CFD) instruments. AvaTrade even offers exposure to the newly emerging cryptocurrency industry, with CFDs available on 7 of the sectors top coins.

Exchange Onboarding

To start, AvaTrade requires submission of personal information, such as date of birth and address (which must be confirmed via a utility bill or bank statement), as well as the submission of a form of government-issued ID. It may take some time for identity verification to be completed.

Once the account identity is approved, a deposit to the account can be made. Deposit and withdrawal methods on AvaTrade include credit card, PayPal, bank wire transfer, Neteller, and more and may be dependent on your country of residence.

Trading Tools

One thing that makes AvaTrade stand out when compared to its competitors is its variety of tools built-in to its trading platforms, allowing traders of all levels to build custom trading strategies for success.

  1. Demo Account – Want to test out trading tools without the risk of losing real money? The AvaTrade Demo Account allows users to get used to using the AvaTrade platform and make simulated trades before making any real-money deposits.
  2. AvaTradeGo – This mobile app delivers charting and market trend analysis on-the-go. Trade forex, cryptocurrencies, stocks, and more from your mobile device.
  3. Guardian Angel – An add-on for MetaTrader 4, MetaTrader 5, Guardian Angel provides real-time feedback on trades and market changes. This tool will help mitigate future trading risks and increase your trading knowledge exponentially.
  4. Automated Trading – Do you have faith in a specific trading strategy? Or, would you like to simply ride on the backs of other traders with more experience than you? Automated trading tools such as DupliTrade and ZuluTrade allow you to do just that, giving users the opportunity to copy the trading strategies from other users to automatically execute trades without having to do any additional work.
  5. Education – AvaTrade has an entire section on its website devoted to user education, including everything from beginner tools and tips to a Forex eBook and video training tutorials. The Sharp Trader educational site provides daily trading analysis and tools to help traders build their skills.

AvaTrade Trading conditions

The minimum account deposit is dependent on the base currency and deposit method of each user, with the deposit minimums as follows, with the minimum for a credit card deposit on an account based in US Dollars being $100.

Withdrawals take 1-2 business days for approval on AvaTrade, with the entire withdrawal process taking up to 10 business days depending on the processing time and withdrawal method being used. Other important trading conditions to note are a minimum position for CFDs of 0.01 lots, with the minimum spread available on Floating Spreads account of 0.9 pips, while fixed spreads start from 3 pips, and up to 400x trading leverage.

AvaTrade Fees

A big part of any trading platform, fees play a large role in determining the benefit of any financial marketplace. AvaTrade does not collect fees on a commission basis, and instead, works across Bid/Ask spreads to collect fees from users. Spreads are calculated on a per contract basis and dependent on the financial instrument being traded. A few example spreads for various financial instruments include:

  • Apple (AAPL) – 0.06 over market
  • Google (GOOGL) – 0.20 over market
  • Crude Oil – $0.03
  • Gold – $0.50
  • 5 Year US T-Note – 0.03 over market
  • EUR/USD fixed rate – 1.9 pip
  • EUR/GBP fixed rate – 2.5 pip
  • BTCUSD (Bitcoin to US Dollar) – 0.75% over market
  • Ethereum – 1% over market

Spreads change according to market conditions, so the most up to date version should be checked directly in the trading conditions section of the AvaTrade site found here.

Customer Support

A review of AvaTrade found that its customer support service is extensive, providing local phone support for a variety of countries worldwide, live online chat support, and email request ticket submissions. This variety of support tools gives users plenty of outlets to get all of their questions answered, and tickets that are submitted during off-business hours are usually responded to within 24 hours. At the beginning of 2020 AvaTrade experienced an overwhelming inflow of new customers that resulted in longer than usual support response times, but they increased their workforce capacity in order to handle it, and are back to normal response times.

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