AVATRADE BROKER REVIEW - Know The History

• 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 one of the oldest trading platforms. The company now has four regional offices worldwide: Japan, Australia, Ireland, and the Virgin Islands. 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 to help grow its business and popularity off -course.

“Avatrade Broker is considered as Low-Risk Place for investors.”

Enough of the introduction, right? Let’s now move towards the regulation.

REGULATION OF AVATRADE BROKER

Choosing a platform that is reputable and regulated by the strictest regulations is important. Therefore, it’s important to look for “Regulation” details of the broker to ensure “You’re investing in the right place.”

Several authorities regulate Avatrade broker, 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 why they are considered 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. Millions of people around the globe trust them.

Let’s now talk about the account types that Avatrade Broker is offering:

ACCOUNT TYPES OF AVATRADE BROKER

There are different types of account that Avatrade Broker is offering:

1. Standard Account: This account is for beginners and can be owned by the individuals
2. Corporate Account: This account is for the professionals and can only be owned by the legal entity
3. 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 offer a “Demo Account” for that purpose.

Let’s now move towards the trading platform.

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, let’s move towards the critical information that is linked with the Avatrade Broker.

THE SPREAD OF AVATRADE BROKER

Avatrade Broker is offering some of the best spreads among all the brokers worldwide, 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:

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!

EXECUTION TIME

Like other brokers in the market, Avatrade Broker offers 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 “Market Maker Broker.”

While, on the other hand; Market Execution is completely different. All the brokers are using this type of Execution 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.

COMMISSION/FEE

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. The firm does charge you an inactivity fee, which is $50 for not using the platform for more than three months.

They also 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.

LEVERAGE/MARGINS

Avatrade Broker offers them maximum leverage of 1:400 on Forex Trading and Indices for all the residents who live outside Europe. Avatrade Broker is also offering 1:200 leverage on commodities and 1:20 on individual stocks.

Let’s move towards Customer Care Services now!

CUSTOMER CARE SERVICES

You can contact the Avatrade Broker via:

• Live Chat
• Phone
• Email

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 many 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.

Now, it’s time to head towards the account opening and see “How easy it is to open an account and how to withdraw the profited money.”

HOW TO OPEN AN ACCOUNT ON AVATRADE BROKER

If you want to open an account on Avatrade Broker, then you’ve to follow the instructions given below:

1. If you want to open an account, then you need to head towards the official website by Clicking Here and then click on the Register Now button

      2. Upon clicking, you’ll be redirected to a registration page, and here’s how the registration page                 looks like

     3. Enter the First Name, Last Name and Email to get started and then click on Create Account and           you’re done

     4. Verify your account now, and you’re done

HOW TO WITHDRAW/DEPOSIT MONEY

Withdrawal and Depositing the money process is pretty simple, and it can be done without “pushing yourself in any complications.”

Let’s figure it out!

1. Login to your account by your email address
2. Once logged in, go to the withdrawal option.
3. Now fill the withdrawal form and then click on the ok button.
4. Your application is going to be processed within 24 business hours.
         

Now, it’s time to compare the Avatrade Broker with the best in the business known as “XM Broker.”

Here we go!

AVATRADE BROKER VS XM BROKER

WHICH TRADING PLATFORM IS BEST?

There are two types of trading platforms that Avatrade Broker is dealing with:

• MetaTrader 4
• MetaTrader 5

Let’s break down the benefits of all:

METATRADER4

• User-Friendly Features
• Access to all the major Forex trading features
• Different Language Support
• Multi-Currency Support
• Automated Trading

META TRADER5

• MQL5 Trading Signals
• 38 Technical Indicators and 21 Time Frames
• 4 Execution Modes
• Market Depth, Hedging and Netting Availability

You can go to the latest “MT5” Trading account because it has more facilities than MT4. But don’t forget that MetaTrader 4 is upgraded as well.

Now, you must be wondering about “How to download the trading platform of Avatrade Broker, right?” Click here to download the trading platform of your choice.

Now, it’s time that we head towards the “Advantages and Disadvantages” of Avatrade Brokers.

Let’s talk about it!

ADVANTAGES AND DISADVANTAGES OF AVATRADE BROKER

We will take a start from the advantages first and then lead the pack towards the disadvantages. So, without wasting any time further, here we go again!

ADVANTAGES

• They provide you with more than 250+ trading instruments, including Forex, Commodities, Metal, and Cryptocurrencies.
• The ability to trade the “Forex” for 24 hours a day and seven days a well is a great plus.
• They have different trading platforms for you; MT4 and MT5. Guess what? You can download them on any device.
• They are regulated by the world's strictest regulations, which means “There are zero chances of scams and frauds.”
• Customer Service is 24/5 and available in more than seven languages.
• Free Education and webinars are provided to the newbie.
• They offer you Bonuses as well.

Let’s now talk about the disadvantages:

DISADVANTAGES

• Spread starting from 0.8 pips, and if we see the competitors, they are providing the Spread as low as 0.0 pips.
• They aren’t regulated by the NFA, which means they aren’t accepting clients from America.
• Limited Deposit Methods

BONUSES, CONTESTS, AND PROMOTIONS

From time to time, they change the opening bonuses that are dedicated to new customers. You can view all the promotions by Clicking Here because they change everything after a month or two.

For now, they are offering a 40% deposit bonus for the new customers, and you’ll enjoy it straightaway after the first deposit.

But, there are a few “Terms and Conditions” that you need to follow, and you can ask customer support to make you understand everything.

There’s limited information shared by the Avatrade Broker on the official website, and they share the information when you ask them.

BOTTOM LINE

Avatrade Broker is regulated by the world’s best “Regulatory” and has a trust score of 93 out of 100. The account opening is easy, different accounts for beginners, professionals, and experienced investors, great deposit/withdrawal options, and that too free of charge.

The minimum deposit amount is $100, and your account will be ready within no time.

So, that’s all from the topic “Avatrade Broker,” and if you have any questions in mind, feels free to comment down below.