AVATrade Review

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AVATrade Review

Avatrade Review Article

Avatrade Review Article

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Formerly known as AvaFx that was established in 2006, this award winning Forex broker recently underwent a rebranding exercise to emerge as a new entity called AvaTrade. The rebranding exercise was done in response to the ever changing conditions of the financial markets. Today, AvaTrade offers their clients more than just brokerage services in Forex market. The current product range at AvaTrade have expanded tremendously to include other classes of financial instruments like Indices such as the Dow Jones and Standard & Poor indices as well as commodities and stocks. With their operational center in Dublin, Ireland, AvaTrade hope to capture more of the online financial brokerage businesses with the conclusion of the rebranding exercise.

 

Trading Platforms

 

The changes that AvaFx had undergone to become AvaTrade is not just skin deep. It also included the incorporation of new features into the offering of trading platforms. Today, traders have a choice of eight (8) main types of trading platforms to choose from.

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  • Automated Trading

Include automated trading systems like Ayondo, Currensee, MirrorTrader and ZuluTrade.

 

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AvaTrade’s auto-trading software also allows traders to emulate the trades of experienced traders even the trading station is unattended.

 

  • AVAOptions

Ava Trade latest trading platform that combined the flexibility and power of FX Options with FX Spot letting traders maximize their returns

 

  • AvaTrader

A fully customizable proprietary trading platform that features advanced charting fed with multiple live news feed.

 

  • Mac Trading

Tailored specially for Mac computers, this trading platform allows traders access to all the major markets while operating at the fastest execution time.

 

  • MetaTrader 4

The industry’s standard platform for the Forex market. Equipped with a full range of tools, MT4 is even flexible enough to let novices operate it.

 

  • Mobile Trading

The full featured mobile trading platforms put the power of the AvaTrader and MT4 right into the palm of your hand.

 

  • MT4 Floating Spreads

With the MT4 Floating Spread platform, traders get all the power of the MT4 platform with the added benefit of low spreads obtained directly from the interbank market.

 

  • Web Trading

The web based trading platform allows traders to enjoy the benefit of the internet without being tied to a home computer.

 

Other Features

Other features to complement the rebranding exercise include additional services like:

 

  • Links to news about the Forex market
  • News Feeds from Twitter
  • Real Time Charts
  • Market Analysis

 

With these additional services, traders now have more free time to concentrate on their trading activities rather than spending time researching for updated information about the market.

 

Types of Trading Account

AvaTrade now has now divided their trading account types into five (5) different types:

 

  • Demo Account

Allow new traders the benefit of testing out the trading platform with $100,000 virtual money.

 

  • AvaTrade

Tailored to meet the requirements of the general clientele, AvaTrade is further divided in 3 different sub categories each with its own set of requirements and benefits.

 

  • Silver – (Minimum Deposit is $100)
  • Gold – (Minimum Deposit $1,000)
  • Platinum – (Minimum Deposit is $10,000)

 

  • AvaSelect

For those who are capable of making a single deposit of $100,000 or traded with a total trading volume exceeding $100 million. Membership to the exclusive AvaSelect club is only done on a quarterly basis.

 

Commission/Spreads

In with the industry standard, AvaTrade does not charge any commissions. However, clients are liable for a small spread that ranges from between 3 to 7 pips.

 

Customer Service

In of customer support, AvaTrade has one of the most comprehensive support system round. Their website support multiple languages like:

 

  • Arabic
  • Chinese
  • Dutch
  • English
  • French
  • German
  • Italian
  • Japanese
  • Portuguese
  • Russian
  • Spanish
  • Hebrew
  • Swedish
  • Turkish
  • Greek
  • Polish
  • Finish

To get in touch with the support group, traders can contact them through:

 

  • Live Chat
  • Email by filling out the contact form at the website
  • Telephone (over 30 local numbers in various countries to call)

Reliability

AvaTrade is aware of how important it is to have several channels of trading account funding made available to their clients.  As such trades now can fund their trading accounts through:

 

  • Credit/Debit cards
  • Moneybookers
  • NETELLER
  • Paypal
  • Web Money
  • Western Union
  • Wire Transfer

Apart from the above mentioned methods, traders also have the option of using an AvaTrade Debit Card which helps to speed up the withdrawal processing time.

 

Pros

To recap, some of the major advantages of dealing with AvaTrade include:

 

  • Attractive Promotion and Bonuses Offered
  • Comprehensive Educational Resources
  • Dealing With A Reputable And Reliable Broker
  • Free Demo Account
  • Full Range Of Trading Tools
  • Low Minimum Deposit Of $100
  • Low Spreads
  • Market Analysis Provided
  • Multiple Choices Of Trading Platforms
  • Stable and Reliable Trading Platforms

Cons

Actually, it is quite difficult to pinpoint any deficiency in AvaTrade. What the Ava’s guys have done is to take something good already and improve it to make it even better.

 

Conclusion

There is no doubt that AvaFX re-emergence as AvaTrade is not merely a gimmick but an exercise to actually improve the quality of their services. To a large extent, AvaTrade have succeeded putting it into a league of its own. If there is ever a Forex broker to consider engaging, this is the broker to go for.

Register an account now with Avatrade

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