AVATrade Review

AVATrade is a popular Forex trading platform owned by AVA Financial Ltd., a company situated in Ireland and regulated by the Central Bank of Ireland. AVATrade is the only mainstream FX broker that boasts of a $17 Billion in financial holdings, and the company is known to carry out $60 Billion worth of transactions annually through their various trading platforms.

AVATrade is also licensed and regulated by several other financial authorities such as the ASIC in Australia, the British Virgin Islands Financial Services Commission, the FSA in Japan, and the FSB in South Africa. Therefore, AVATrade is a legitimate company that is serious about its services by being one of the few properly regulated brokers in the Forex markets.

AVATrade has recently completed a decade in the industry and is thoroughly committed to the welfare of their clients. AVATrade is certainly a great option for traders who want to deposit their money with a safe, reliable, and established broker. Although AVATrade is hugely popular in the trading community, AVATrade does not accept clients from the US, which is considered to be a significant disadvantage.

A Brief Look Into Trading With AVATrade Forex Broker

AVATrade Forex traders can start trading with the broker for a small initial capital of $100, and the maximum leverage offered to clients is pegged at 1:400. Customers can deposit money using multiple payment methods, including credit card payments and online payment processors. Traders can invest in various financial assets including currency pairs, commodities, indices, equities, stocks, and other ETFs using a single login.

On the upside, trading Forex with AVATrade is a straightforward affair, as traders can access to a broad range of analytical tools to ensure that traders can perform a thorough analysis of the markets. However, on the flipside, withdrawals take around five days on an average and traders have to submit multiple identifying documents before a withdrawal can be successful. The tedious and lengthy withdrawal process can be considered as a tense affair, which will negatively affect the trader’s morale. Most of the FX brokers tend to initiate withdrawals within a maximum of 3 days. Hence, the complex withdrawal process seriously affects the relationship between the broker and the trader.

AVATrade Spreads & Cost Of Trading

AVATrade is by far one of the most expensive Forex brokers in the market. AVATRade spreads are known to remain around 3 to 7 pips for the majors, which increases during volatile trading sessions. The average industry spread is around 1 to 3 pips for major currency pairs. Therefore, traders will have to shell out more money while trading with AVATrade. The SWAP rates for overnight trades are also on the higher side. Nevertheless, traders will feel justified by the above average spreads solely due to the reliability of the broker, and the reassurance offered by the company regarding regulation, the safety of funds, and reliability.

AVATrade Forex Trading Platforms

AVATrade deserves special praise for being the best Forex broker that offers the most varied Forex trading platforms for trading the financial markets. Traders are spoilt for choice as AVATrade has dedicated a significant part of their resources for developing new as well as existing trading platforms for both desktops as well as mobile devices. AVA Trade has developed their proprietary AVATrader platform that is a one-click trading interface designed to offer a remarkable trading platform for both beginners as well as professional traders.

AVATrade also provides webtrader support and a dedicated Mac platform, which are intended to cover a majority of traders in the market. AVATrade excels in the field of automated trading by pairing up their platforms with multiple automated trading platforms such as Mirror Trader and ZuluTrade. Automated trading and social trading are quickly gaining in popularity, and AVATrade seeks to enable their traders to invest in the markets by following the leaders in the field.

The AVATrade MT4 Platform

Apart from the proprietary platforms, AVATrade also offers MT4 support for both desktops as well as mobile platforms. The company is proactive in their efforts to leave no stones unturned and offers the highly popular AVATrade MT4 platform. Some established traders swear by the benefits of the MT4, and AVATrad offers the convenience of trading using the MT4 for clients who do not require a fancy graphical trading interface.

FX Trading On AVATrade Mobile

Mobile traders can trade using the AVATrade mobile app designed for both the Android as well as iOS systems. Clients can choose either the dedicated AVATrader mobile interface or the MT4 mobile platform for trading. Both the interfaces are excellent regarding performance and features, while the AVATrader platform might be more suited to traders who want more features and functionalities to experience a desktop-like trading environment.

Can I Get A Sizeable AVATrade Bonus On My Deposit?

AVATrade does not provide a great bonus scheme, unlike some of the other companies in the market. However, the broker does offer seasonal AVATrade bonus promotions such as free mobile phones or up to 25% in deposit bonuses. These bonuses are only available for a short period, which makes them highly exclusive. AVATrade does not come off as a desperate company looking for clients, as they have already established themselves as an industry leader with a considerable market share. Therefore, if you are interested in receiving a bonus, sign up for their weekly newsletter or check their promotions on a periodic basis.