AvaTrade is a name in the forex industry that everyone knows. They are a market leader that has maintained their standards and reputation up to excellence. With more than 2 million executed trades in just a month and several industry awards since 2009, this broker proves to be one of the most recognized in the market. They have offices which are based in several major cities including Milan, Tokyo, Paris, Beijing, Sydney and Dublin.
Their trading platforms have been designed to accommodate both the experienced and even the novice traders. They offer industry-standard software packages and even proprietary options.
Friendly for traders
The platforms are easy to get used to thanks to the well-designed interface. It also comes with multiple analytical tools, indicators and charts that can be utilized for more improved trading results.
Min account size
You can get started with your trading career by opening an account with a minimum initial deposit of $100. This can be further expanded with one of their welcome bonuses or packages.
Min Lot size
The lot size that can be traded on each platform varies but the lowest that can be set is 0.01. This is at par with most brokers today.
# Of Tradable Assets
AvaTrade has more than 250 financial instruments to offer and this includes forex, commodities, indices, stocks, ETFs, bonds and FXOptions.
The highest leverage that you can set is 1:400 and this will allow you to trade with a larger capital base which in turn can significantly increase gains.
Spread on EUR/USD
You can trade the forex market with tight spreads of as low as 0.9 pips using their MT4 floating spread account. For the EUR/USD pair, the average spread is 1.8 pips.
Depositing funds to the account is possible via credit or debit cards, Wire Transfer and E-Payment methods. Basically these are the most common payment systems.
Reputation Among Traders
Its credibility is sufficiently high thanks to the various regulatory bodies that have recognized their excellent market performance. They also have an unblemished reputation on all social media networks and active discussion boards which are frequented by online currency traders.
The gap between the Bid and Ask are always updated in real time so you can always get the best quotes. It is not prone to lags or any slowdowns.
You can enhance your trading skills using the free demo account. It comes with a $100,000 opening balance although this is only valid for 21 days.
This broker is authorized and regulated by several financial authorities including the Financial Futures Association and Commodities Futures Association (Japan), the Financial Services Commission (British Virgin Islands), the Financial Services Board (South Africa), the Central Bank of Ireland and the Australian Securities and Investments Commission.
Their customer support is exemplary, professional, friendly and informative. The phone support have dedicated lines for clients across many countries while the live chat and email support can also serve as good alternatives for correspondence.
AvaTrade was able to build a solid reputation in the online forex brokers in the market with their good set of platforms where you can trade on Forex and CFDs for commodities, stocks, ETFs, bonds and indices. Their untarnished credibility and the licenses that they hold from various financial regulators are solid proofs that they reliable and can be trusted. All in all, their services are ideal for an excellent trading experience!
The total score that they received based on our objective scoring system is 94/100.
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