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AvaTrade CFD Broker Review 91

AvaTrade offers CFD trading on a wide range of stocks, indices and commodities. It is ideally suited to clients of all experience levels. Traders are privy to a generous welcome bonus package, with a real account and a demo account option on the user-friendly trading platform.

Overview/Background

AvaTrade is first and foremost a high quality CFD brokerage with a wide range of tradable instruments in stocks, commodities and indices. This broker also offers currency trading options on major, minor and exotic pairs. The trading solutions provided by AvaTrade are geared towards traders of all experience levels. The primary platforms include MetaTrader 4 and AvaTrade (the proprietary trading platform). There are also automated trading options available to traders such as ZuluTrade and Signal Trader. Traders can rest assured that all trading activity is guaranteed secure, courtesy of segregated accounts at top-tier global banks.

AvaTrade is part and parcel of AVA Trade EU Ltd which is incorporated in Ireland, and is strictly regulated by the Central Bank of Ireland. The company is compliant with multiple markets and jurisdictions according to the MiFID. The company operates various branches in South Africa, Japan, the British Virgin Islands and Australia. As an internationally recognised and credible CFD broker, traders can enjoy transparency, regulation and accountability at all times. The company is compliant in all aspects of its operations including financial reporting, client assets and the safety & security of client funds.

There are multiple trading platforms available for CFD trading in stocks, commodities and indices. These include MetaTrader 4, AvaTrader, Floating Spreads, MT4 – Spread Betting, Automated Trading and AvaOptions. There are also options available for traders in the mobile arena (iOS and Android-powered smartphones and tablets) as well as Mac trading and web trading. The automated trading platforms include MQL5 and EA compatibility. With some 250 available instruments to trade, CFD traders will never be wanting for options. The contract for difference options at AvaTrade are among the best in the industry. These CFD options allow clients to trade assets that they don’t need to take possession of – they are speculative assets. CFD instruments include bonds, stocks, exchange traded funds, commodities and indices. There is also 200:1 leverage on all sorts of contracts for difference.

AvaTrade is regulated by the following authorities:

  • In Australia, AVA Capital Markets Australia PTY LTD is licensed by the ASIC (Australian Securities & Investments Commission) with the following licence number: 406684.
  • In the European Union, AVA Trade EU Ltd is regulated by the Central Bank of Ireland with the following reference number: C53877.
  • In the British Virgin Islands, AVA Trade Ltd is licensed and regulated by the B.V.I (British Virgin Islands Financial Services Commission).
  • In South Africa, Ava Capital Markets Pty LTD is regulated by the FSB (Financial Services Board) with the following Licence number: 45984.
  • In Japan, AVA Trade Japan K.K. is licensed and regulated by the FSA (Financial Services Agency) with the following license number: 1662 and by the FFAJ (Financial Futures Association of Japan) with the following licence number: 1574.

Account Types

There are 2 account types at AvaTrade, including a real account and a demo account. AvaTrade also offers Islamic accounts for traders. The demo account is a complimentary service available to CFD traders. With the demo account option, traders can begin experiencing online trading with a $100,000 demo forex account. This is geared towards assisting traders understanding how markets function. To get started with a real account, traders need to enter their first and last name, email, country of residence, telephone number, their preferred trading platform and the base currency. Once you have complied with these requirements, it is possible to make a deposit and trade for real money. The minimum deposit amount with credit cards is $100, €100, £100, AU$100. The minimum wire transfer amount is $500/€500/£500/AU$500.

Trading Platform/Software

There are multiple trading platforms available at AvaTrade. These include mobile trading options, Mac trading options, web-based trading options, automated trading and more. The most popular options are MT4 (MetaTrader 4), AvaTrader, MT4 Spread Betting, Floating Spreads, and AvaOptions. These trading platforms allow for a wide range of markets, with CFD rollovers, spread betting, Islamic trading accounts and a Financial Instruments Index among others. The educational facilities available at AvaTrade include video tutorials, comprehensive economic indicators, webinars, a foreign-exchange e-book, a glossary and the all-new Sharp Trader. Whether you are web-based or mobile, you will still be able to access all of the features on site, with 24/5 customer support options available to you.

Deposit Options

There are multiple ways to make deposits at AvaTrade, including e-payment solutions (not for European Union traders), wire transfers, credit cards and debit cards. Traders can easily access the deposit options by clicking on my account. Debit cards and credit cards require a minimum deposit amount of $100. For bank wires, the minimum deposit is $500. This is true for clients around the world. Other deposit options include Neteller (not for Australian or EU traders), Webmoney, PayPal and Skrill.

Markets

AvaTrade caters to traders across the spectrum. It offers spread betting for Ireland and the United Kingdom, trading in gold, BTC trading, stocks trading, oil trading, exchange traded funds, CFD trading and forex. There are 250 financial instruments that can be traded, including stocks, indices, bonds, commodities and currency pairs. Traders have access to agricultural commodities, precious metals and energy commodities. There are a wide range of soft commodities available as well. The most popular currency pairs include EUR/USD, EUR/GBP, USD/JPY, USD/CAD and GBP/USD among others. With commodities, the usual options are available in crude oil, gold and silver, and stocks include all the popular options. Indices include the FTSE 100 index the Ibex 35, the Amsterdam 25, the NASDAQ, the S&P 500 and others.

Bonuses

Traders are privy to a new account promotional offer which is calculated as follows:

  • Deposit $500 and claim a $100 bonus
  • Deposit $1,000 and claim a $200 bonus
  • Deposit $2,500 and claim a $625 bonus
  • Deposit $5,000 and claim a $1,250 bonus
  • Deposit $7,500 and claim an $1,875 bonus
  • Deposit $10,000 and claim a $3,000 bonus

These are only applicable on the following currency units: EUR, USD and GBP.

Customer Support Options

Customer support can be reached by telephone or fax. International telephone number is: 1-212-941-9609. The international fax number is 1-646-335-0333. Customers can also send emails for customer support, introducing brokers and account -related queries. Trading hours of operation begin on Sunday at 9 PM GMT and close at 9 PM GMT on Friday. Service representatives are helpful and courteous at all times.

Safety

AvaTrade offers 256-bit encryption technology, with ring-fenced client accounts at Danske Bank. The highest security standards are in place at all times to guarantee the integrity of player accounts and information. Among others the site is WebTrust compliant, McAfee Secure and True-Site Identity assured.

Final Thoughts

AvaTrade is a fully licensed and regulated CFD broker that operates in 150 countries around the world. It is credible and respected by clients and competitors alike. A wide range of contracts for difference financial instruments can be traded in commodities, indices, currencies, bonds and stocks. The trading platforms are guaranteed safe and secure and they are among the most respected in the world. Traders also have access to a demo trading account and a real-money trading account.

Pros

  • Demo trading account
  • 250 tradable instruments
  • Global licensing and regulation

Cons

  • List of tradable assets not visible on site before registration
  • Doesn’t offer guaranteed stop losses
AvaTrade Overview
Website: www.avatrade.com
Regulation: FSA, ASIC
Assets offered: CFDs, Forex, Indices, Virtual Currencies, Commodities, Treasuries & Bonds, Shares
Minimum Deposit: $100
Deposit Options