AvaTrade Review 2022
Founded in 2006 and part of Ava Group of companies, AvaTrade is one of the legitimate forex and CFD brokers and a highly regulated award-winning broker with over 300,000 registered traders and trading volumes surpassing $70 billion per month. The proprietary platform gives its new clients, both new traders and experienced traders, innovative features, flexible, and secure trading environment and is a pioneer in trading CFD with low Avatrade CFD fees. In our AvaTrade review, we’ll be analyzing the forex broker and discussing their pros and cons, supported assets, deposits and withdrawals method, AvaTrade fees, and more. We compare trading cost, spreads, and AvaTrade leverage. Make sure to read the AvaTrade Reviews till the end before registering with the broker.To get more news about AvaTrade Pros & Cons, you can visit wikifx.com official website.
A Brief History of Avatrade Platform
AvaTrade trading platform with headquarters in Dublin, Ireland. It is regulated broker by ASIC Australia, Central Bank of Ireland, FSCA in Japan, and the British Virgin Islands, ADGM in the Middle East, FSCA in South Africa, Polish Financial Supervision Authority (KNF) and Investment Industry Regulatory Organization (IIROC )in Canada. Also, AvaTrade collaborated with Friedberg Direct to provide trading in Canada. Direct Investment Hub Ltd. is regulated by the Cyprus Securities and Exchange Commission.
Friedberg Direct is a division of Friedberg Mercantile Group LTD, member of Canadian Investor Protection Fund & is a well-known name for Forex and CFDs market as Friedberg Direct supports MetaTrader 4 & Expert Advisors functionality. It has several offices in Australia, Ireland, China, Japan, Italy, Mexico, Poland, Mongolia, South Africa, and several other countries.
Avatrade does not accept traders from US. It is regulated by several financial authorities. More than 3 million trades are executed in a month on an average. The clients of this web trading platform enjoy generous bonuses, competitive spread, and diverse offers with complete transparency.
Features
AvaTrade put forward other platforms like AvaTradeGO, AvaOptions, MT4, and MT5. Since it is founded in 2006, the forex brokers has expanded quickly with more than three hundred thousand registered end users globally; and the number continues to grow.
Account opening is pretty straightforward, and as per marketing materials, AvaTrade has several deposit and different withdrawal methods, which are free of charge. Also Avatrade provide user-friendly search functions, educational tools, and daily market analysis research instruments.
AvaTrade team has strict security measures regarding client data. It is protected by 256 bit SSL encryption over the complete website; McAfee prevents identity theft and credit card frauds. AvaTradeGO is an easy to use and flexible app, which extends several features; it also includes AvaTrade’s insurance scheme and risk management tool: AvaProtect. User can download the app on android devices and ios devices. The order type is restricted, and Avatrade app is offered only in English by AvaTrade.
User reviews show that AvaTrade has a quick registration process, low trading fees, competitive spread, and a minimum amount deposit requirements is 100 dollars for an e-wallet, credit, or debit card. Deposits at AvaTrade can be made through wire transfers, credit cards, debit cards. Withdrawals are processed immediately if the user submits a withdrawal form with any AvaTrade withdrawal option & there are no AvaTrade withdrawal fees, but it might take a few days for processing.
The withdrawal requests will take up to 5 working days to process. The maximum trade requirements may vary depending on trader and tradable instruments. There are no commission charges in cryptocurrency trades. Avatrade has so many good and user friendly tools compared to other brokers. Trade expiration dates can be set from overnight to one year on business days, at any strike price. Avatrade offers very low spreads and have reliable order execution.