AVAtrade Review
| Avatrade Review | |
| Overview | |
| Formerly known as AvaFx, established in 2006, this award-winning Forex broker underwent a rebranding to emerge as a new entity called AvaTrade. The rebranding exercise was done in response to the ever-changing conditions of the financial markets. Today, AvaTrade offers its clients more than just brokerage services in Forex market. The current product range at AvaTrade has expanded tremendously to include other classes of financial instruments like Indices such as the Dow Jones and Standard & Poor indices as well as commodities and stocks. With their operational centre in Dublin, Ireland, AvaTrade hopes to capture more of the online financial brokerage businesses with the conclusion of the rebranding exercise. | |
| Broker | Avatrade |
| Website URL | http://www.avatrade.com |
| Founded | 2006 |
| Headquarters | Dublin, Ireland |
| Support Number | 1 212 941 9609 |
| Support Types | Callback, Email, Forum, Live chat, Phone, Skype, Web form |
| Languages | Arabic, Chinese, English, French, German, Hebrew, Italian, Japanese, Portuguese, Russian, Spanish, Swedish, Turkish, Serbian, Hungarian, Finish |
| Trading Platform | MetaTrader4, ACT, Autotrader, AVA mobile trader |
| Minimum 1st Deposit | $100 |
| Minimum Trade Amount | 0.01 lot |
| Bonus | Start trading with AvaTrade and get up to 100% BONUS! |
| Leverage | 400 :1 |
| Free Demo Account | Yes |
| Regulated | ASIC, FSA, FFA, FSB |
| Regulation | ASIC, 143 340 907 Central Bank of Ireland, C53877 Financial Futures Association (Japan), 1574 |
| Account Types | Standard MT4 |
| Deposit Methods | Credit Cards, MoneyBookers, Wire Transfer, PayPal, Neteller, WebMoney, Debit Cards |
| Withdrawal Methods | Credit Cards, MoneyBookers, Wire Transfer, PayPal, Neteller, WebMoney, Ava debit card |
| Trading Methods | MetaTrader4, ACT, Autotrader, AVA mobile trader |
| Account Currency | Australian dollar, Euro, Japanese yen |
| US Traders Allowed | No |
| Mobile Trading | Yes |
| Tablet Trading | Yes |
| Pros | |
| Reputable And Reliable Broker | |
| Free Demo Account | |
| Full Range Of Trading Tools | |
| Low Minimum Deposit Of $100 | |
| Low Spreads | |
| Market Analysis Provided | |
| Cons | |
| Does not accept customers from the US, isn’t regulated in the US Transferring funds can take up to five days; withdrawals can take up to 10 days |
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| Account Types | |
| MT4 | |
| Minimum account size $100 | |
| Minimum position size 0.01 lot | |
| Spread type Variable | |
| Typical spread on EUR/USD, pips 3 | |
| Minimum spread on EUR/USD, pips 2 | |
| Scalping Allowed | |
| Expert advisors Limits apply for arbitrage expert advisors. | |
| Trading instruments Show | |
| Trading platforms MetaTrader 4 | |
| AvaTrader | |
| Digits after the dot in quotes 5 | |
| Margin call level 10% | |
| Stop-out level 10% | |
| Minimum distance to stop/limit orders, pips 8 | |
| Number of currency pairs 60 |