AVATrade Review

Overview

AVATrade is an online trading broker that has been around since 2006 when the website first went live. With over 200 000 customers from 160 countries, more than 2 million trades… more

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Details

Broker AVATrade
Website URL http://www.avafx.com/
Founded 2006
Headquarters Dublin, Ireland
Support Types Email , Phone , Chat
Languages English , Arabic , Chinese , Dutch , French , German
Trading Platform MT4, Ava Trader, Ava Java
Minimum 1st Deposit $100
Minimum Account Size $100
Minimum Trade Amount $5000
Leverage 1:400
Spread 1-3 Pips
Free Demo Account Yes
Deposit Methods VISA , MasterCard , Neteller , Moneybookers
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 80/100

Full Review

AVATrade is an online trading broker that has been around since 2006 when the website first went live. With over 200 000 customers from 160 countries, more than 2 million trades taking place every month, and with a monthly volume of over $50 billion in trades it’s no question that AVATrade has become one of the major brokers in the industry. The company’s head quarters are located in Dublin, Ireland, but AVATrade has offices in the major financial cities, such as New York, Tokyo, Paris and Frankfurt.

Considering AVATrade’s extremely high trading volume, it would be easy to assume that it was a company focused on larger buisnesses, but that’s really not the case. The website has been design to suit the needs of both finance professionals as well as hobby traders, and this probably one of the reasons that AVATrade has gotten to where they are today. One example that shows the versatility that this broker offers is the many different account types. AVATrade offers a practice account for beginners, in which they are given full access to the trading platforms to train themselves in the world of finance before starting to trade with their own money. The real money accounts are sure to cater the needs of both beginners as well as the experienced. There are three types of accounts: Silver, Gold and Platinum.

The Silver account is deposits of a minimum of $100 and will suit beginners wishing to easy their way into the world of forex trading. A minimum deposit of $1000 will result in a Gold Account, and professional brokers can get a Platinum account when depositing a minimum of $10.000. AVATrade has some of the best promotions for new account holders on the market. Initial deposits of a minimum of $200 are awarded with a bonus of $100 which is a great asset for new traders wishing to open a Gold Account. The higher the deposit is, the bigger the bonus will be. Initial deposits of a minimum of $2.000 will be given a free iPad Mini. The highest bonus is for deposits of $10.000 where a free iPad Mini as well as a massive bonus of $1.000 is credited to the account holder.

AVATrade’s main trading platform is the AVA Trader which provides quick and efficient FX trading on the well known and trusted MetaTrader 4 Platform which is used on many of the industries top brokers. Conveniently enough, they also offera browser based sollution called Ava Java in which traders can keep track on the market without the downloadable client, meaning they can access their accounts and trade from any computer as long as there is an internet connection available. To complete the full package they have also developed a mobile trading platform that is supported by all the major mobile devices, which gives traders the oppurtunity to keep track of the market even when they’re on the run and don’t have a computer at hand.

AVATrade has an extensive support center, which is reachable via a wide range of contact methods. They offer phone support in multiple languages as well as live chat function where help can be given quickly. For less urgent matters there’s also an email support in which clientscan expect a reply to their enquiry withing one buisness day.

To conclude this review, we would like to recommend AVATrade to both professional traders as well as hobby traders. The high volume of trades and the size of the company should be proof enough that this broker is trusted and reliable. Although this could mean that smaller clients will not recieve the attention they require. this is not the case – AVATrade has cleary put in a lot of effort to take care of every trader that uses their services.

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