Browse Category: Forex

AvaTrade Review: An Outside Look

AvaTrade is one of the largest forex brokers in the world. The company was founded in 2006 and is based in Dublin, Ireland. Unlike most of the forex brokers, AvaTrade is regulated by major financial institutions in Europe such as the Central Bank of Ireland and several others. The firm is registered as an investment company under the Markets in Financial Instruments Directive. Besides, AvaTrade is also licensed by the Australian Securities and Investment Commission. Compared to other similar service providers, AvaTrade tops the list of forex brokers that offer the best kind of trading tools.

 

AvaTrade offers various trading platforms which give traders options to choose the best styles to trade on. We also noticed that AvaTrade is one of the few fore brokers that allow the trading of cryptocurrency on its platforms. Sometimes getting started on forex trading might be a little bit tricky especially someone has not been trading previously. However, AvaTrade has detailed guidelines which are meant to help amateur traders to pick up quickly. It also has online courses for those who would want to learn more about forex trading.

 

Pros and cons of AvaTrade

 

Pros

 

 AvaTrade has more than four trading platforms that traders can choose from

 AvaTrade provides its traders with an opportunity to access multiple financial markets globally

 AvaTrade never lets the account of any trader to fall below zero at any point.

 

Cons

 

 Withdrawal of funds can last up to 10 days in AvaTrade

 Traders pay the same spread regardless of their volume of transactions

 

Product and Fees

 

AvaTrade review explain they provides a range of products and services on its platforms. Among the common products it offers are cryptocurrency trading, stocks indices, forex among others. The other important thing to note about AvaTrade is that it does not incur transaction cost on its traders. However, it is also worth noting that AvaTrade does not provide discounts to traders who have large balances on their trading accounts.

 

In general, AvaTrade is one of the most trusted forex brokers in the world. Having been founded in 2006, the company has grown in bounds and attracted customers all over the world.