AvaTrade provides services such as Forex, Spread Betting, CFDs and social Trading. For anyone who would like to open an account with AvaTrade, the minimum amount is $250. However, AvaTrade also has a demo account which people can use to get themselves used to AvaTrade platform. AvaTrade is regulated by both ASiC (FAFSL) and financial services provider #45984 in South Africa.
The Dublin, Ireland based company was founded in 2006. The company works by putting client’s funds in separate bank accounts via tier-1 banks.
Pros of using AvaTrade
There are hundreds if not thousands of forex brokers out there. However, getting a forex broker with a high reputation such as AvaTrade is not easy. One of the major advantages of trading with AvaTrade is that the company is regulated by various financial regulatory bodies across the world such as FSA, ASiC, FSB, and BVI. The other advantage is that the platform offers guidelines to traders. Last but not least, the platform is simple to use and is present in over 100 countries.
Trading tools used by AvaTrade
AvaTrade uses the famous MT4 trading platform. Besides, the company also provides mobile apps for iOS and Android which makes it easy for people to trade wherever they are and whenever they want.
The following are some of the trading features.
It allows scalping
Low mint deposit
It allows hedging
Accounts offered by AvaTrade
AvaTrade provides its clients with several types of accounts. They include micro accounts, demo accounts, mini accounts, standard accounts, Islamic accounts, and managed account.
The good thing about AvaTrade is that it allows traders to execute up to a minimum trade of 0.01 Lot. Nonetheless, this might differ depending on the account one is operating. It is also important to note that AvaTrade sometimes permits lower entry requirements in comparison to an ECN who has an advantage of higher volumes of trades with a lot of capital.
AvaTrade customer support is quite effective. It supports different languages including Italian, English, French, German, Hebrew and Greek. Besides they have various channels of communications such as email support, live chat, and phone calls.