Avatrade is a multi-regulated, multi-asset broker with its headquarters in Dublin. Established back in 2006, Avatrade brokerage has spread its wings around the globe. Today, it has offices in Milan, Tokyo, Sydney, and Paris.
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Avatrade has registered over 200,000 users as a CFD provider, with the brokerage claiming to exceed over $60 billion in monthly trade volumes. With a quick look at their website, prospective traders will see that Avatrade is a CFD provider committed to offering a reliable trading environment.
For starters, the CFD broker is fully licensed in the BVI and EU. Also, their other subsidiaries are regulated by agencies in Australia, South Africa, Abu Dhabi, and Japan. For those looking for a CFD provider in Canada, Avatrade is available to collaborate with local brokerage Friedberg Direct.
So why is Avatrade so highly rated in the world of CFD brokers? For starters, clients who use this UK-regulated CFD broker will enjoy over 250 CFD instruments, including stocks, FX, cryptocurrencies, FX options, indices, and bonds.
Furthermore, this UK CFD provider offers products that are accessible from different trading platforms. Prospective traders can use any of MT5, MT4, DupliTrade, and AvaTradeGO, Avatrade’s in-house platform. This CFD broker allows for automated as well as manual trading. Furthermore, we can choose to copy and carry out social trading.
These are just the top highlights where this UK-regulated CFD trading broker is concerned. Throughout this review, we will discuss the significant points traders need to know about Avatrade. For those wondering about whether or not to use Avatrade, this review will cover the salient points necessary to help you make an informed decision.
Credibility and How to Sign Up
Avatrade tops the list of credible CFD providers in the industry. Firstly, this CFD broker is a subsidiary of a parent company with a market cap of $17 billion. Also, it has nine regional offices across the world with industry awards and certifications for past achievements. In a nutshell, there isn’t much else to look for in terms of credibility.
In terms of signing up, this UK-regulated CFD provider provides equal opportunities for both novices and experienced traders. To sign up, we can choose from any available, secure deposit options in the form of cards, online bank transfers, and ePayments.
To cap it off, there’s plenty of help with navigating and using the platform. Avatrade provides educational materials and resources for beginners. This includes eBooks, blogs, trading videos, and even professional trading strategies.
Trading with AvaTrade: What to Expect
AvaTrade is one of the most established CFD brokers. The most prominent feature of trading with this CFD provider is the diverse automated package with the software. Forex trading APIs and advanced strategies that typically cost hundreds of dollars are offered for free. A trader only needs to pay for the cost of spreads and advanced trading tools.
Part of the automated package with this CFD provider includes the ZuluTrade System, Avatrade’s in-house trader system. With it, we can perform algorithmic trading functions and different APIs that allow for automation solutions. Functional, right?
Platform Software Available on Avatrade
Avatrade is available for use on different platforms, including manual and automated ones. Each platform allows for access to more than 250 trading instruments, indicators, and multiple analytical features.
Some of the top trading platforms we can choose from include:
MetaTrader 4, a third-party trading option
MetaTrader 5, a third-party trading option
AvaOptions, AvaTrade’s own trading platform for forex options
For instance, MetaTrader 4 provides power and flexibility for traders of all levels of experience. With Avatrade, we can trade in whatever environment is perfect for us. Similarly, Avatrader is a powerful CFD provider that allows for single-click trading on different assets. Furthermore, it’s fully customizable with advanced charting features, live feeds, and lives analysis.
Deposits and Withdrawals on Avatrade
Typically, the minimum deposit on Avatrade is about $100. This CFD provider offers maximum leverage of 400:1. Remember, though, the more the leverage, the more the risk. To make a deposit, Avatrade allows users to draw from credit cards. Also, this UK-regulated CFD broker accepts wire transfers, PayPal, Moneybookers, WebMoney, and Neteller.
Withdrawal Options and Fees
Here’s one advantage of using this CFD provider: Avatrade doesn’t charge withdrawal fees. You can use the same options for both deposits and withdrawals.
With debit/credit cards, users can withdraw 200% of the monies they have deposited in the past. However, t may take up to 5 days for the funds to get transferred.
To withdraw money from Avatrade, here are the simple steps to follow:
Log in to Avatrade
Navigate to the withdraw funds tab
Select the withdrawal method
Input the exact amount to withdraw
What is the Pricing System for Avatrade Trading Fees?
Compared to other CFD providers in the industry, Avatrade’s trading fees are average. The structure is pretty transparent and straightforward to estimate. Here’s a quick lowdown of CFD fees for a $2,000 long position held for 7 days:
S&P 500 index CFD fee – $0.9
Europe 50 index CFD fee – $0.6
Apple CFD fee – $4.1
Vodafone CFD fee – $6.1
What Level of Support Can Beginner Traders Expect?
Avatrade offers a user-focused trading platform that is perfect for all users regardless of their experience level. In a way, this is true. From the previous sections, we have detailed the various trading options we can use for CFD traders. In the same vein, this CFD broker offers flexibility in terms of deposit and withdrawal requirements.
For beginners, this UK-regulated CFD provider offers comprehensive support. Their customer service department does its job. In addition to the intuitive trader interface, we can enjoy the benefits of support staff available 24/5. Also, this support is available in 12 different languages. Therefore, for beginner CFD traders who may have issues, these queries will be answered quickly!
How Safe is Avatrade?
The market capitalization of the company this CFD broker is a subsidiary of is almost $17 billion. In the world of CFD brokers, this is an uncommon phenomenon. Hence, it adds an increased level of credibility to Avatrade’s operations. Avatrade is also subject to extensive EU regulations that mean it remains on the right side of the law’s financial activities.
Following the letter of the law is one thing. The other is making sure our trading data and financial transactions are safe. Avatrade caters to this need immensely well. They do this by using the highest industry standards for data encryption and security. This CFD broker keeps an in-house team of IT experts. This team monitors security measures and makes sure they are protecting user data. Also, they install advancements as soon as they are available.
Other Services to Expect from Avatrade
Avatrade’s long list of services is not limited to CFD trading services. The Sharp Trader Education Centre is one such service. It’s a portal that caters to the trading education of both beginners and experts. Essentially, it’s home to a plethora of learning material and tools to fit different trading needs.
Avatrade offers market reviews, free signals, economic calendars, and technical analysis tools for those new to CFD and Forex tradings. Some webinars offer guided tutoring and market updates in real-time.
Another service unique to this CF broker is AvaOptions. This is designed for traders who want to trade Real FX options. Finally, traders can do their business on the web, Android, or iOS applications.
With multiple awards and certifications of recognition, Avatrade stands out from other CFD providers. Also, they have been in business for over 10 years. With this level of experience, we can expect a high level of compliance and service.
For traders who place a premium on security, Avatrade is highly recommended. It operates as part of an international group with a market capitalization that can make a difference when called upon. Also, Avatrade has advanced manuals as well as automated solutions. These can come in handy for a sophisticated professional.
Beginner traders can rest assured of readily reachable and friendly customer support staff. Also, the user-friendly platform interface and small deposit payments are a huge plus. Essentially, it’s more than likely that users will come away impressed with the level of flexibility on offer.