AVATRADE BROKER REVIEW - EVERYTHING YOU NEED TO KNOW
- Website: avatrade.com
- Headquarter: Ireland
- Regulations: Central Bank of Ireland, FSA, ASIC, BVI, FSCA, and ADMG
- Established: 2006
- Maximum Leverage: 1:400
Avatrade Broker is an online Forex trading platform founded in 2006. They are part of the AVA group of companies that provides different platforms for “Social Copy Trading.”
Without a doubt, they are considered as one of the oldest trading platforms. The company now has four regional offices around the globe; Japan, Australia, Ireland, and Virgin Island. As the most prestigious trading platform, they accept clients from all around the globe.
The Avatrade Broker Firm recently announced a partnership with English Premier League in order to help grow its business and popularity off -course.
REGULATION OF AVATRADE BROKER
Choosing a platform that is reputable and regulated by the strictest regulatory is important. Therefore, it’s important to look for “Regulation” details of the broker to ensure “You’re investing in the right place.”
Avatrade Broker is regulated by several authorities, and we have listed them down:
- They are regulated by the Central Bank of Ireland in Europe
- They are regulated by ASIC in Australia
- In Japan, they are regulated by FSA
- In South Africa, they are regulated by FSB
This is the reason why they are considered as the best online brokerages in terms of Safety, reliability, and off-course Reputability.
So, if your concern is regulation only, then you don’t have to worry about it. They are trusted by millions of people around the globe.
ACCOUNT TYPES OF AVATRADE BROKER
There are different types of account that Avatrade Broker is offering:
- Standard Account: This account is for beginners and can be owned by the individuals
- Corporate Account: This account is for the professionals and can only be owned by the legal entity
- Islamic Account: This account is for those who want to follow the rules of SHARIAH. They don’t charge you anything for swapping the account.
If you’re an experienced trader and want something out of the box, then you can contact the Avatrade Broker to open up a Professional Trading Account for you.
Note* The leverage of the Professional Trading Account shall be higher than a standard account.
But, they will ask you for at least 12 months of experience certificate in the Financial Sector, Trading Activity of the last 12 months, and holding a $500k portfolio value.
You can give the Professional Trading Account a try before investing in it because they do offer a “Demo Account” for that purpose.
TRADING PLATFORMS OF AVATRADE BROKER
One of the best things about Avatrade Broker is “The availability of different trading platforms” for trading purposes. You’ve got a lot to choose from; whether you’re a beginner, seasoned investor, or professional, you’ll always find something relevant to you.
Here’s what Avatrade Broker has to offer:
- MetaTrader 4 Platform
- MetaTrader 5 Platform
- MetaTrader for Mac
- MetaTrader for Windows
- MetaTrader for Web Trading
- AvaTradeAct Platform
There’s almost everything for everyone, and you can now trade on every single device now.
THE SPREAD OF AVATRADE BROKER
Avatrade Broker is offering some of the best spreads among all the brokers around the globe, and that’s why people choose them over so many. They are regulated in 5 continents and here’s the detail of Spread that is linked with Avatrade Broker:
Note* They are providing more than 50+ Currency Pairs for trading.
Additionally, we are listing down the spreads of “CFDs” as well:
0.13 Abv Market
That’s all from the spread section, and it’s now time to head towards the “Execution Time” section of the Avatrade Broker.
Here we go!
Just like other brokers in the market, Avatrade Broker is offering two types of “Execution” for the investors.
- Instant Execution
- Market Execution
Instant Execution is a type of Execution where the client places the order by specifying the “order details.” You can set both volume and price for your assets. This type of Execution is mostly used by the brokers named as “Market Maker Broker.”
While, on the other hand; Market Execution is completely different. This type of Execution is being used by all the brokers because you can buy or sell assets at the current market prices. You don’t have to set a specific volume and price for your assets.
Let’s now move towards the Commission/Fee of the Avatrade Broker.
The commission/Fee of the Avatrade broker is average. The fee structure is easily understandable, and you can calculate it on your own as well.
As discussed above, the minimum opening account fee is $100, and the deposit should go through a credit card or wire transfer.
For Forex trading, Avatrade brokers don't charge you a single penny. But, the firm does charge you an inactivity fee which is $50 for not using the platform for more than three months.
Also, they do charge $100 as an administration fee if you’re not using the platform for more than 12 months.
Note* Some of the other charges may include; overnight interest, maturity rollover, and corporate actions.
For all the residents that live outside Europe, Avatrade Broker offers them a maximum leverage of 1:400 on Forex Trading and Indices. Avatrade Broker is also offering 1:200 leverage on commodities and 1:20 on individual stocks.
Let’s move towards the Customer Care Services now!
CUSTOMER CARE SERVICES
You can contact the Avatrade Broker via:
They have a great live chat service, and you can get connected with the agent within 5 minutes. Besides the English language, you can contact them in more than seven languages including; Chinese, French, Russian, Italian, German, and more.
But, the phone call services of Avatrade Broker can be improved. No doubt, you’ll find a lot of numbers to get the information from and that too locally, but the international call gets connected after 3-5 minutes of waiting. This costs too much.
Also, we are missing 24/7 availability from the Avatrade Broker.