What comes to your mind when you think about forex or cryptocurrency trading? Volatile markets, endless opportunities, complicated finance lingo perhaps? Well, even though all that is equally important, finding a broker who is competent enough to hold your hand is perhaps the best thing you can ever do. Talking about brokers and competence, this AvaTrade review sheds more light on one of the biggest names in this industry.
AvaTrade opened its doors in 2006 at a time when the world was just getting acquainted with the many possibilities presented by digital technology. Since then, the company has managed to grow its product portfolio, something that has seen them expand their reach to over 20,000 retail traders.
The broker brings together expertise from eCommerce, cybersecurity and financial markets. As you would expect, this ensures you get a relatively good user experience when interacting with their systems. Most importantly, you also access unlimited support from financial market experts who know exactly what it takes to become a successful trader.
Looking at AvaTrade from a numbers-only perspective, the company dazzles with its ability to post consistent growth, month-after-month. For instance, the company boasts the ability to facilitate over 2 million trades every month. All those trades generate an approximate $60 billion in trading volume per month.
As far as those numbers are concerned, we can’t help but admire the great show put up by this company to-date. The broker has branches all over the world but its main headquarters are located in Dublin Ireland. Its main regional branches are found in Tokyo, Milan, Paris, Sydney, Madrid, Ulaanbaatar, Beijing, Abuja, Santiago, and Johannesburg.
Avatrade provides you with over 250 trading instruments including categories such as Forex, Commodities, Stocks, and Indices. You also get attractive bonuses that span up to a maximum of $14,000.
The platform offers wide-ranging trading platforms which are accessible during trading hours (which is 24 hours a day from Monday to Friday). What’s more, the company’s customer support is available throughout the day to attend to all your burning queries and concerns.
What’s more, since the company has branches in virtually all corners of the world, they have invested in a multilingual team. This ensures you get personalized services and that there’s always someone to support your trading needs at every step of the way. Here’s a breakdown of the company’s information.
Licensing & Regulations
AvaTrade is established in line with the Irish laws and the European Union’s Markets regulations as stipulated under the MiFID Regulations. The MiFID certification is only given to prudent organizations which adhere to strict guidelines issued by the Central Bank of Ireland.
However, much as the company enjoys a relatively outstanding position as far as regulations are concerned, it currently does not support traders from the US. This is mainly due to the fact that the US market faces a unique set of challenges due to regulations imposed by the National Futures Association (NFA) to ward off foreign firms from joining the market.
Nonetheless, this AvaTrade review can confirm that the company complies with stringent regulatory provisions both within Ireland and in its international satellite offices. Ultimately, this is what you should expect of a legitimate broker who provides services in different parts of the world.
In Australia, for instance, this company is duly licensed under the trading name Ava Capital Markets Australia Pty Ltd. The Australian markets are regulated by the Australian Securities and Investments Commission (ASIC) whose standards AvaTrade complies with.
Likewise, the company abides by the provisions of the Financial Services Agency (FSA) in Japan as well as the British Virgin Islands Financial Services Commission for the British Virgin Islands.
With such a high level of compliance, it means AvaTrade is in a perfect position to work with traders drawn from most parts of the globe.
Platforms and Features
Irrespective of your style of trading, AvaTrade gives you multiple platforms and features to accommodate your strategy. These include the highly customized AvaTrader, MT4 Floating Spreads, MT4 for AvaOptions, Mac Trading, MT4 Spread Betting, Web Trading as well as Automated Trading. In addition to all those, you still enjoy unlimited access to your accounts on both Android and iOS devices.
Quality of Support
The broker has invested greatly in a diversified team of in-house support who speak a variety of languages from English, Arabic to French, Chinese, Dutch, Spanish, Italian, Japanese, Portuguese and even Russian. You can ping them on their live chat feature which is manned 24 hours for every 5 days of the week. That’s of course in addition to full-time email support that’s also manned round-the-clock.
Bonuses and Goodies
That AvaTrade is one of the most generous forex and crypto brokers in the world currently is not in doubt. The company offers quite a number of mouth-watering bonuses including seasonal bonuses. Bonuses vary depending on the amount of money one invests. For instance, if you open a $100 account, you will get a $25 free New Beginnings bonus. Likewise, if you scale up to a $1,000, you will get $250.
These funds will be credited immediately to your account once you make a deposit. There are numerous bonus packages to be on the lookout for and these vary depending on the season and amount of money one chooses to invest.
The beauty of these sign-up bonuses is that they help cushion you from any hefty commissions you might incur while loading your money into the account using any of the third-party services or eWallets.
Note that AvaTrade supports the likes of Neteller, WebMoney, Skrill, and Paypal. However, over time you can apply for the Ava Debit Mastercard to access lower fees and payments, easy withdrawal and deposit of funds, anytime.
On average, withdrawals are processed within 48 hours once a request is placed. However, depending on the kind of account you’re using, these funds may take up to 5 days to be credited to your account. This is a bit of a challenge especially for people looking for speedier withdrawal transactions.
AvaTrade is unique in the sense that the people behind it are always investing in the latest technology to make trading convenient. That’s of course in addition to the fact that they offer loads of free educational materials including eBooks, webinars, and videos.
After carrying out a thorough analysis of the company in this AvaTrade review, we arrive at a conclusion that this company meets and exceeds the basic eligibility criteria required. They are flexible, offer an excellent user experience and also provide a wide range of tools that make trading fun.
For more information on AvaTrade and client reviews, visit http://www.avatradereviews.com/