A quick review of AvaTrade shows this is an established broker who has pioneered innovative online trading since 2006. Their head office is in Dublin Ireland however they have offices in 11 countries across 5 continents.
They provide a simple, easy to use/navigate web platform, as well as platforms for desktops and mobile. They have a nice partnership with champions of the English premier league Manchester City showing the growth and reputation of AvaTrade.
AvaTrade Regulations and licenses
Choosing a forex broker that is regulated by a reputable regulatory agency is one of the things we always look for, as regulated status helps to ensure a company’s trustworthiness and competence and gives peace of mind to the trader. Read more about regulation.
AVA Trade EU Ltd is regulated by the Central Bank of Ireland: No.C53877. AVA Trade Ltd is regulated by the BVI Financial Services Commission. Ava Capital Markets Australia Pty Ltd is regulated by the ASIC: No.406684. Ava Capital Markets Pty is regulated by the South African FSCA: No.45984. Ava Trade Japan K.K. is regulated in Japan by the FSA: No.1662 & FFAJ: No.1574.
AvaTrade Platform Choices
- MetaTrader 4 – The world’s most popular trading platform
- Sharp TraderTM – AvaTrade’s new trading academy
- AvaOptions – The innovative vanilla options platform (an excellent choice)
- DupliTradeTM – The successful social trading platform
Avatrade spreads are highly competitive, their lowest spread is 0.9 (EUR/USD) this may be typical however they are constantly working to reduce them further. As the brokers gain confidence in the liquidity of the markets, they can be braver with spreads.
Avatrade does not charge commissions, trading fees are taken as round-trip cost for opening and closing a trade however a fee of $50 is imposed after trading inactivity of at least 3 months. Compare AvaTrade against other brokers.
If you’re a single asset guy or someone who likes to diversify Avatrade provides a wide range of trading instruments, they include;
Forex – more than 54 currency pairs and crosses, including exotic currencies.
Commodities – a selection of 17 commodities, with several softs on offer as well as the more typical energies:
Indices – a selection of 20 indices, almost all equity indices, offered mostly from several developed nations but also including China and a global Cannabis Index
Options – 46 currency pairs as vanilla options and the major precious metal Gold
Stocks –64 major individual stocks are offered from the U.S., the U.K., Germany, France, and Italy
Exchange-Traded Funds (ETFs) – 5 major ETFs are available
Bonds – 2 major government bonds may be traded:
Cryptocurrencies –14 major cryptocurrency pairs are offered
AvaTrade Customer support won’t be an issue for most clients. Having said that, it is good to know that if you do need help, you will be able to get hold of someone competent quickly who will take responsibility for fixing whatever your problem is. They provide support in over 15 different languages even with regional websites, and they are available 24 hours a day on regular weekdays if the forex market is open then ava trade customer support is open. AvaTrade scores 4 out of five on TrustPilot.