Ava Trade Review. Is AvaTrade a Reliable Forex Broker?
How is Ava Trade a FX broker? Is AvaTrade reliable? How do I make AvaTrade withdrawals? Which are the regulated Forex brokers?
AvaTrade Review
Ava Trade is a forex broker that was established in Ireland in 2006. The Irish-based company is still trading, but has grown since its inception to become one of the top forex brokers in the industry, offering services worldwide.
With a minimum deposit requirement of only US$100 for most account types available, coupled with the regulations of various organisations around the world, AvaTrade is a popular choice for both new and experienced traders.
The broker offers trading on a wide range of assets, including more than 60 currency pairs, as well as other markets for stocks, ETFs, cryptocurrencies and more. AvaTrade users can also benefit from educational content and information materials curated for traders of all levels.
Is AvaTrade reliable?
AvaTrade, which has been operating for many years, has proven to be one of the most reliable institutions among industry investors. And why is that? The main reason is largely due to the extensive worldwide regulations.
Is Ava Trade a Regulated Forex Broker?
The broker is supervised by at least 6 regulatory bodies worldwide. In Europe they are regulated by the Central Bank of Ireland, in Australia by ASIC, in South Africa by FSCA and in Japan by FSA and FFAJ. There is also regulation in Abu Dhabi and the British Virgin Islands. In recent years, the company has worked with regulators to put in place a number of measures to protect your money as an investor. These include global negative balance protection, the use of segregated accounts at top tier banks to hold client funds and further protection from the Investor Compensation Fund (ICF).
Unfortunately, Broker only offers account guarantees and negative balance protection to EU customers. The fact that AvaTrade has been on the market since 2006 and has made a name for itself is a positive sign of trust – it survived the 2008 financial crisis and has been on a growth trajectory ever since. You can click here to read our broker reviews as well as other broker reviews.
AvaTrade Commission Rates
AvaTrade is a 0% commission forex brokerage. There is no commission, but spread and swap rates apply. You will have to pay spread fees when you trade on the platform. Fortunately, the spread fees charged by the platform are ideally in line with the general market average, especially for equity and index CFD trading. For example, AvaTrade charges only 0.05% commission on S&P 500 Futures CFD trades. AvaTrade’s spreads on forex and cryptocurrency trading can be considered high. For example, the popular EUR/USD Forex pair trades with a spread of 0.09%. In order to take advantage of these currency pairs, spread fees of 0.10% and above are charged.
AvaTrade use MetaTrader 4 and MetaTrader 5
AvaTrade As a trading platform, Broker offers services with MetaTrader 4 and MetaTrader 5. MetaTrader 4 is a platform designed specifically for Forex trading and does not support other asset classes. MetaTrader 5 is a platform that supports Forex, stocks, indices, commodities and more. Both software can be used on the web, desktop and mobile devices. As you’ll see in our AvaTrade review, using MetaTrader has some significant advantages over using Broker’s Webtrader platform. Firstly, the charts on the MetaTrader platform are more customisable. The software has over 100 technical indicators and studies, and you can easily change anything to create your own trading strategy.
AvaTrade Deposit and Withdrawal
AvaTrade accepts major payment methods including debit cards, credit cards, e-wallets and wire transfers. If you wish to fund your account with a debit card, credit card or e-wallet, you must invest a minimum of $100. It can be said that this is a quality institution where you can make withdrawals as you wish.
AvaTrade also manages the cryptocurrency transfer process in a healthy way. With cryptocurrency transfers, you can make deposits and withdrawals to your account. Your account will be credited with no commission.
You can open an account at Ava Trade by clicking at this link AvaTrade.com
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