Avatrade Review

About Avatrade

Avatrade was established in 2006 with its headquarters located in Dublin, Ireland. Avatrade is licensed by various financial regulators and operates in 5 different continents.

Avatrade provides over 250 instruments to the trading market including forex, cryptocurrencies, stocks, commodities and indices. The company has accumulated over 200,000 dedicated traders with more than 2,000,000 trades per month.

Security

AvaTrade is licensed as a regulated broker in the EU, Japan, Australia, South Africa and the British Virgin Islands. Avatrade is subjected to rigid compliance of financial institutions cocerning consumer protectition. In doing so, the company offers a negative balance protection and traders funds are kept secluded from the company’s operational funds. Avatrade also uses McAfee Secure to prevent credit card fraud and identity theft.

Trading Platforms

Avatrade provides MetaTrader 4 and Metatrader 5 trading platforms. Metatrader 4 offers a user-friendly and easily navigable trading features. MetaTrader 5 offers extensive indicators, market orders and instruments for a more professional trading experience. Zulutrade is a cutting-edge, automated platform, that enables traders to use advanced features on the Metatrader 4 platform. These platforms can be accessed through PC, web and mobile devices.

The MetaTrader 4 features includes:

  • One-click trading
  • EA functionality
  • 9 timeframes (M1, M5, M15, M30, H1, H4, Daily, Weekly and Monthly)
  • 3 charts (line, bar and candlesticks) with direct trading from charts
  • 30 built-in indicators
  • 24 graphical objects
  • 1 single login across all your trading platforms
  • Guaranteed full data back-up and security
  • 4 pending order types
  • Trade history information
  • Micro lots available
  • Internal mailing system
  • News streaming
  • Built-in MT4 and MQL4 guides

The MetaTrader 5 features provides:

  • Multi-asset trading (Forex, Stock, Index, Commodity, Cryptocurrency and ETF CFDs)
  • Inter-account funds transfer
  • One-click trading
  • EA functionality
  • 12 timeframes
  • 3 charts (line, bar and candlesticks) with direct trading from the charts
  • 38 built-in indicators
  • 37 graphical objects
  • 1 single login across all your trading platforms
  • Guaranteed full data back-up and security
  • 6 pending order types
  • Trading history information
  • Micro lots available
  • Internal mailing system
  • News streaming
  • Netting supported
  • Multi-threaded strategy tester
  • Built-in MT5 and MQL5 help guides

Special features:

  • AvatradeGo
  • Avatrade option
  • Automated trading
  • Web trading
  • Mobile trading
  • Mac trading
  • MQL 5- Signal services

Accounts

Avatrade offers an Islamic trading account and a demo trading account.

Fees

Avatrade minimum deposit for a new trading account is $100, however, rates may vary depending on the currency. A fee of $50 is charged on accounts that has been inactive for over three months. and a $100 administration fee after one year of inactivity. There is no withdrawal fee. The minimum spread is 0.9 pips.

Client Support

Avatrade offers 24/5 Client support in diverse languages via live chat, emails and telephone calls, as well as through social media accounts across all their jurisdictions.

Regulation

Avatrade EU Ltd is regulated by the Central Bank of Ireland and the Financial Services Commission (FSC).

Conclusion

Avatrade allows traders to trade with confidence by benefiting from the different trading platforms and unique features, competitive low spreads, over 1,000 assets including indices and stocks, secured deposits with a negative balance protection, 24/5 multi-lingual client support, and regulations across 6 different jurisdictions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here