AvaTrade promises a fantastic trading experience. This AvaTrade review will assess if they deliver as promised or not. First things first;
What’s AvaTrade’s experience like?
AvaTrade has been around for over ten years now (since 2006). In just over a decade, the forex broker has managed to offer global trading services to over 200,000 clients worldwide. Currently, AvaTrade handles over 2 million trades every month translating to approximately $60 billion in trading volume monthly.
Experience aside, AvaTrade has established offices globally. The main office/headquarters is in Dublin. AvaTrade has other offices in New York, Paris and Tokyo just to mention a few major locations. The broker is also offering over 250 trading instruments currently including cryptocurrencies like Bitcoin.
The company also stands out for offering some of the best deposit bonuses amounting to $14,000. The customer service experience is also commendable according to online reviews. AvaTrade takes pride in changing with the times. Let’s take an in-depth look into why AvaTrade may be your preferred forex broker.
Your preferred forex broker should be licensed and regulated if you are keen on avoiding fraud and related risks. AvaTrade is internationally regulated by more than one notable regulator which is a good thing. The broker complies with stringent regulatory requirements from multiple international bodies in the world such as the CBI (Central Bank of Ireland), MiFID, Australia Securities & Investment Commission, BVI (British Virgin Islands) Financial Services Commission as well as the FSA (Financial Services Agency) in Japan. With the BVI license, AvaTrade can offer trading services to trader across the globe. It’s important to note AvaTrade doesn’t offer trading services in the U.S. due to industry restrictions.
AvaTrade offers a variety of trading platforms. They include; AvaTrader, Meta Trader 4, MT4 for AvaOptions, MT4 Spread betting, MT4 Floating spreads, web trading and automated trading. Traders can trade on any computing device including Smartphones. The platforms are also compatible with all operating systems. AvaTrade offers trading platforms with impressive flexibility and compatibility. There are many positive AvaTrade reviews praising the broker for facilitating trading on mobile devices as well as on the official website without the need to download anything.
Besides trading platforms, AvaTrade also offers free educational tools like eBooks, online courses and live webinars to help novice traders learn about trading.
AvaTrade can easily qualify as the most generous forex broker available today judging by their deposit bonuses. The broker offers bonuses ranging from $35 to $14,000 which is more than what most forex brokers offer today. What’s more is the bonuses are available to all kinds of traders from beginners to experts. The bonuses are also deposited instantly as real money into traders’ accounts provided accounts are verified.
AvaTrade doesn’t charge commissions. Traders incur spread costs only. The broker earns money from spreads only which is the difference between the quoted and actual buying/selling prices of financial instruments. Spreads are as low as 0.3 pips on Meta Trader 4. It’s worth noting that spreads can vary from one platform to another as well as depending on the market conditions.
Banking/account funding options
AvaTrade also offers multiple banking options. Traders can make deposits in multiple currencies using all major money transfer platforms including; bank wire transfer, Credit and debit cards, PayPal, Skrill and WebMoney. New/beginner traders can deposit $100 or more and enjoy a 400:1 trading leverage. You must have a verified trader account to deposit as well as withdraw funds.
Although deposits are automatic once you have a verified account, withdrawals aren’t automated. You must fill a withdrawal form and submit it via email or through the website’s ”upload documents” feature to withdraw money. Typical withdrawals take a maximum of 48 hours to be processed. It may also take some time for you to receive the money.
AvaTrade withdrawal processes are in line with most manual withdrawal processes today although the process could be faster. It takes a maximum of 5 days for money to reach your account. In most cases, traders receive money earlier according to reviews.
AvaTrade has invested in customer support. Unlike most brokers, AvaTrade offers comprehensive multilingual customer services catering to its global clientele. Besides offering resources (trading platforms/website) in over 12 languages, customer support is also available in several languages including English, French, Dutch, Arabic, Japanese, Chinese, Portuguese, Russian, Spanish and Italian. AvaTrade offers 24-hour customer support services on weekdays. Email support is available 24/7.
So, why should you choose AvaTrade?
First and foremost, AvaTrade is not a scam. As mentioned above, the broker is regulated by multiple regulators globally. Unscrupulous forex brokers don’t have the necessary licenses let alone regulatory approval and a physical location. You can rest assured AvaTrade is a legal and regulated forex broker.
Regulation aside, AvaTrade has all the resources traders need. The broker has several trading platforms including the award-winning Meta Trader 4 and a proprietary platform (AvaTrader). You can also trade using your Smartphone or on the official AvaTrade website. What’s more is; traders get to enjoy automatic trading tools and over 250 trading instruments including cryptocurrencies. You can trade currencies, commodities, CFDs, Bitcoin, name it! AvaTrade is also one of the few brokers evolving continuously and availing new useful features to its clientele.
You should also choose AvaTrade because the broker has gone to great lengths to equip new traders with all the resources they need to become pro traders. AvaTrade offers free trading videos, tutorials, webinars, articles and eBooks to educate novice traders. You just need to open a demo account to enjoy these free educational resources. AvaTrade invests heavily in equipping beginner traders.
The broker also caters to a global clientele. AvaTrade platforms and website can be accessed in multiple languages. It doesn’t matter where you live. AvaTrade is one of the few forex brokers that cater to non-English speaking traders on a global level. Lastly, you stand to enjoy a hefty deposit bonus (over 50%).
After looking into AvaTrade extensively, we can confidently say that the broker exceeds our expectations and criteria for choosing the best forex brokers today. Although the manual withdrawal process isn’t as fast as many would like, it meets the industry standards. AvaTrade also offers services globally apart from the U.S. for reasons that have nothing to do with the broker. AvaTrade also comes highly recommended for having countless reviews. If you are interested in learning more about AvaTrade and reading AvaTrade reviews for yourself, visit http://www.avatradereviews.com/