Avatrade Review – Scam or Legit?
Ava Capital Markets Ltd, which operates the AvaTrade platform, is a subsidiary of the financial holding company Ava Financial Ltd. The broker is located in Dublin, Ireland and is subject to the regulatory oversight of Irish authorities (MIFID) and ASIC. The holding company is headquartered in British Virgin Islands. AvaTrade was founded in 2006.
Unique Features of Trading with AvaTrade
The most salient feature of AvaTrade is the incredibly diverse and rich automated trading package that comes bundled with the trading software itself. Forex trading APIs and advanced strategies that sell for hundreds of dollars in the market are being offered for free by the broker for the simple cost of trading forex; you only pay the spreads for trading and no additional costs for the advanced and professional auto-trading tools that you’re provided with.
The automated-trading package includes the popular ZuluTrade system, AvaTrade’s own Ava AutoTrader system which enables algorithmic trading in its latest versions, as well as an advanced array of various APIs that allow you to devise your own forex automation solutions from scratch. This is a unique advantage available with no other company in the forex world as of the time this review was being created.
The AvaTrade platform is based on the excellent and highly-regarded MetaTrader4, and comes with all the advanced features of the software which make a wealth of analytical options available with the highest degree of customizability and simplicity of design. In addition to Avatrader and MetaTrader 4, Auto trading programs of Mirror trader, Currensee and Zulutrade may be used.
Deposits and Withdrawals
The minimum initial deposit requirement of AvaTrade is $100. Maximum leverage is 400:1, always keep in mind that the higher the leverage, the greater the risk. In addition to the possibility of immediate deposits through popular credit cards, the broker accepts wire transfers and also facilitates funding through PayPal, NeTeller, Moneybookers, and WebMoney. With the Ava Debit Card feature of AvaTrade, clients can withdraw funds with no paperwork delaying the process although it can take up to five days for the money to be transferred.
AvaTrade makes the explicit claim that the firm aims to create a user-centered forex trading experience for the firm’s clients. In addition to the great wealth of options available to user as detailed in the previous sections and the flexibility shown by the firm in account funding, as well as accommodative initial deposit requirements, AvaTrade distinguishes itself by the comprehensive support provided to the beginner by the firm’s customer service. The intuitive, simple interface, coupled with an expert support staff available 24-hours a day in many languages ensures that the questions of newcomers are answered swiftly and the problems of experienced traders are resolved in a short time.
AvaTrade proudly declares that it is a subsidiary of a holding company with almost $17 billion in market capitalization. This is uncommon in the forex world and definitely adds an unusual dimension of credibility to the broker. As a broker registered in Ireland, AvaTrade is subject to extensive and stringent EU regulations over its financial activities. Apart from subscribing to the highest industry standards in basic data encryption and server security, the firm employs a core cadre of IT experts to remain up-to-date with developments in information technology, with the purpose that advanced security enhancements available to the market are applied as soon as possible to the broker’s own system and trading software.
AvaTrade also provides Mobile Trading.
Analysis and signals: Market Reviews, Free FX Signals, Technical Analysis, economic Calendar and News to mobiles for deposits over $1000
Training tools – Introductory free live webinars available for those who are new to Forex trading. These webinars include guided tutorials with real time market updates.
AvaTrade stands out among other brokers in more than one respect. If a trader emphasizes safety above everything else, this regulated and authorized broker located in a European country, operating as a part of an international financial group with billions of dollars in market capitalization will clearly make an outstanding choice. With its incredible wealth of automated trading solutions, AvaTrade is an unusually well-suited option for the advanced, sophisticated professional who needs more than the simplicity offered by a trading platform created for beginners. The beginner himself or herself will probably be delighted with the friendly and accessible customer support staff, the intuitive and easy-to-grasp interface of the broker and relatively small initial deposit requirement. In other words, the broker shines in every aspect and is very well-suited to traders of different backgrounds.
On top of all that, you can try the broker and form your own opinion by registering an account now and beginning to use the platform with $100,000 demo account. It is of course risk free yet fully functional and we believe that the prospective trader will be more than impressed by the unique flexibility that distinguishes AvaTradefrom all its competitors. Of course, no two brokers are the same and it may be the case that you’ll eventually settle on another firm with a more basic offering and perhaps a smaller initial deposit requirement. But AvaTrade is definitely worth giving it a try.