Dublin located, CFD provider AvaTrade claims to always put the customer in the first place. Let’s find out whether they are capable of fulfilling this statement.
Founded in 2006, AvaTrade is one of the oldest existing CFD brokers on the market. The company is fully regulated in Europe, Australia, Japan, British Virgin Islands and South Africa. Fixed spreads are quite competitive, on most major pairs range from 1.9 to 3.2 pips, floating spreads are usually lower by 0.5 pips. Real trading is possible from a deposit of 250$, demo account can be accessed free of charge.
Detailed information from AvaTrade Review
- Our rating: (4 / 5) 4. Place in United States [geodigger-flag]
- Website address: www.AvaTrade.com
- Leverage: up to 1:400
- Instruments: CFDs – Forex (including cryptocurrencies), commodities, vanilla options, stocks, indices, bonds, ETFs
- Minimum deposit: 250€
- Minimum size position: Micro lots from 0.01 lot
- Demo account: Yes, free for 21 days
- Methods of deposit and withdrawal: Wire Transfer, PayPal, Neteller, Skrill, Credit and debit cards (Visa/MasterCard)
AvaTrade – Structure of the Company
Trading platforms and other features
AvaTrade offers an innovative and modern solution for all types of traders. The company’s website is very smooth and it allows clients to trade either via Web Trading platform, that looks very similar to MT4, but can be accessed online without downloading any software, or with MT4 itself. AvaTrade has implemented on the MT4 automated technical analysis tool that identifies trading opportunities across hundreds of financial instruments, known as AutoChartist. Fans of automated trading can also copy trades of other experienced traders or they can design their own auto trading algorithm, via RoboX or MQL5. All these comprehensive functions can be used for about 250 trading instruments offered by the company. The number of instruments is relatively low in comparison to what we met at the competition, which might seem to someone as a slight disadvantage.
AvaTrade Spreads – Table
Every forex or CFD trader should closely monitor spreads of his broker. The lower they are, the easier it is to make any profit. Spreads at AvaTrade differ depending on the financial instrument, for popular currency pairs, they are set to 1,9 pips to about 3.2 pips. Instruments with less trading volume have wider spreads and they are broken down in this list.
Cryptocurrency trading at AvaTrade
Enthusiasm for investing in cryptocurrencies does not seem to fade, just the opposite. AvaTrade knowns about the exponential growth among masses in these products, that’s why they include in their offer trading: Bitcoin (vs USD or Euro), Bitcoin Cash, Ethereum, Ethereum Classic, Dash, Litecoin and Ripple. Maximum leverage which can be used is for BTC 20:1, for Ethereum 10:1 and for rest of the cryptocurrencies 5:1. Spreads are relatively decent here, for BTC they are currently 25 pips. Swaps are for most of the cryptocurrencies -0.0694%, which is exceptionally good in comparison to other CFD brokers.
Is AvaTrade a Scam? Background check
AvaTrade is an international broker supporting 14 languages and is regulated across 5 continents. The company is supervised by following regulatory bodies:
- Central Bank of Ireland. (Reference No.: C53877)
- Australian Securities & Investments Commission(License No.: 406684)
- British Virgin Islands Financial Services Commission
- Financial Futures Association of Japan (License No.: 1574).
- Financial Services Board (FSB) – Licence No.: 45984. – South African market
The main headquarters of the company are in Dublin, Ireland. The broker has, however, also offices in other 11 major cities, including Paris, Tokyo, Milan, Sydney and many more. The whole list can be found here. So no, AvaTrade is not a scam, but rather a very decent broker with a solid and transparent offer.
When trading with real capital, your funds are at risk.
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