AvaTrade Broker Review

AvaTrade offers some excellent bonuses for newly registered clients as well as perks for its VIP account holders. This broker offers multiple types of trading software, all of which is cutting edge, and there is a comprehensive selection of methods by which the support team can be contacted. AvaTrade offer a huge range of options to suit the requirements of even the most difficult to please of traders.

Intro

AvaTrade is one of the oldest online binary options brokers having been established in 2006. Today it is a multi-national company offering a broad spectrum of financial markets to its investors. Catering for the needs of all traders, from the novice to the professional, AvaTrade boasts 24 hour customer support, a huge selection of assets and an accessible trading environment. This broker also offers an extensive selection of educational resources and additional features that are sure to impress.

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Company Information

Established in 2006, AvaTrade is a leading binary options broker that has won a number of prestigious financial industry awards. This broker is licensed and is strongly regulated in a number of jurisdictions. In the EU, this broker is incorporated in Ireland and is regulated by the Central Bank of Ireland under the supervision of the MiFID. In Australia it is regulated by ASIC, in Japan it is regulated by the Financial Services Agency and the Financial Futures Association of Japan, in South Africa it is regulated by the Financial Services Board and internationally it is regulated and licensed by the British Virgin Islands Financial Services Commission.

Assets Available

The assets offered by Ava Trade include:

FX – 63 currency pairs

Commodities – 16

Indices – 20

Stocks – 96

Overall, there are over 200 underlying assets to choose from with this binary options broker.

Bonuses & VIP programs

AvaTrade offers newly registered clients a welcome bonus for signing up with their site. They also offer a Referral bonus of up to $400 for every friend introduced to the broker. AvaTrade also offer other occasional promotions throughout the year. VIP members who deposit a sum of more than $100,000 can benefit from the AvaSelect programme which comes with a host of perks and benefits. These include express withdrawals, access to a special assistance hotline, customised trading terms and specially tailored educational programmes.

Mobile

AvaTrade offers a number of different web based trading platforms for the convenience of its customers, however to facilitate trading on the move this broker has also provided a mobile trading app for Android and iOS devices to allow for a seamless experience. With access to over 200 assets, these apps offer a host of features including Touch Trading, Live Quotes, Interactive Charts, full account management, access to trading history and the ability to edit open positions.

Deposits and Withdrawals

AvaTrade requires a minimum deposit of $100 (or the equivalent in other currencies) to open a live trading account. The available banking methods from this broker include:

• Credit card
• Debit card
• Bank wire transfer (a minimum deposit of $500 or equivalent is required for this method)
• PayPal
• Skrill
• WebMoney
• Neteller

E-Wallet methods are not available for clients from Australia or the EU.

Withdrawals can be actioned quickly and easily from the client’s account and withdrawals take around 5 business days to be processed. Those clients who are registered with the AvaSelect programme can benefit from expedited withdrawals within 1 working day.

Customer Support

AvaTrade have an excellent customer service department which is available 24 hours a day for the customer’s benefit. There are numerous telephone hotlines available for clients who speak a multitude of languages and there is also a dedicated email address for support and an instant Live Chat facility which can be easily accessed from the homepage. For clients who are looking for assistance without having to communicate with an operative, there is a comprehensive Frequently Asked Questions section which covers most commonly posed queries. The website is also available in 14 languages to accommodate the needs of clients around the globe.

Extra Features and Resources

AvaTrade have a comprehensive selection of educational resources designed to cater for the requirements of both novice traders who are looking for some basic information to get them started and more advanced investors who want to hone their skills and widen their knowledge. There are ebooks, articles, tutorials, a glossary and webinars for the benefit of clients covering a range of subjects. There are also plenty of free resources designed to enhance the trading experience and supply additional knowledge to the client. These include an economic calendar, market analysis and fundamental analysis.

Verdict

Overall, AvaTrade has a wealth of benefits to offer its clients, with plenty of excellent features that are sure to appeal to both new and experienced investors. There are, however, some negatives to choosing this broker.

Pros

• A choice of intuitive and technologically advanced trading interfaces
• Web based trading terminals with no need for downloads or installations
• A choice of convenient banking methods
• A range of excellent additional features like market and fundamental analysis
• Strong encryption for the client’s security
• Regulated in numerous jurisdictions for the client’s peace of mind
• Free educational resources on a range of topics for all traders at all levels of experience including webinars, ebooks and tutorials
• AvaSelect programme for VIP investors with a host of perks
• Expedited withdrawals for VIP members
• Free mobile app for both Android and iOS devices
• Long and reliable trading history
• Over 2000 tradable assets
• 24 hour customer support
• Instant Live Chat contact options
• Free demo accounts
• Multilingual support in 14 languages
• Dedicated account managers
• Award winning broker

Cons

• EU and Australian clients cannot use e-Wallet payment methods
• Clients from the USA are not accepted

FAQ

Can I open a free demo account with AvaTrade?

AvaTrade offers all potential clients the opportunity to open a free demo account to experience the trading interface and to try out the features that the broker can provide. The free demo account offers virtual funds to clients which allows them to experiment with strategies or to get to grips with the basics of investment without taking any personal financial risk.

Are there plenty of assets to choose from with this broker?

AvaTrade offers an enormous selection of assets, especially when compared with many of its rivals. There are more than 200 different assets to choose from, including commodities like wheat and coffee, stocks and shares, major, minor and exotic Forex currency pairs and popular indices. Even the most difficult to please investor will find plenty to keep them satisfied with this broker.

I am from the USA. Can I trade with AvaTrade?

Unfortunately, AvaTrade is not regulated in America and therefore, no clients from the USA can be accepted by this broker.

Are there any bonuses offered by this broker?

AvaTrade offers a welcome bonus to any newly registered client as well as a referral bonus of up to $400 for recommending a friend who then goes on to open an account and deposit funds. AvaTrade also runs a VIP programme for high volume investors which offers additional perks.

Is AvaTrade a good choice for a beginner trader?

AvaTrade is one of the longest established, leading binary options brokers and so is a reliable and trustworthy choice for any novice trader. The amount of minimum deposit necessary to open an account is low at just $100 (or equivalent in other currencies), making trading very accessible to any newcomer to the financial markets. This broker also offers a huge selection of educational resources designed to help beginners to learn more about trading and investment and to widen their knowledge to maximise their potential for profit.

Can I withdrawal my funds quickly and easily?

AvaTrade make it very easy for clients to withdraw funds from their account. Withdrawals can be requested from the client’s account portal and the processing system takes around 5 working days. If you are an AvaSelect client, however, you can benefit from even faster withdrawals with a one day turnaround for high account level clients. Withdrawals are made back to the original deposit method, with bank wire transfer, credit card or sometimes e-Wallet methods being available depending on where you are based in the world (e-Wallets are not an acceptable method for clients who are based in Australia or in the EU).

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