AvaTrade is a South Africa FSB regulated broker (Ava Capital Markets Pty, FSP445984) with quite a long history and continuously rising popularity. Since it was founded in 2006, this forex and CFDs broker from Ireland prides in being regulated in many major international financial centres and being active in over 150 countries across the world.
Considering the immense offering that this broker provides to traders it is not at all surprising that the the popularity of AvaTrade has been rising steadily over the years. We have written this review in order to show our readers what is it that differentiates AvaTrade from all the other forex brokers on the market.
Avatrade Account Features
Unlike many other brokers out there, AvaTrade will surprise you with the fact that it only features one, single real account. The minimum deposit for this account $100.
As you will figure out as soon as you start your trading with AvaTrade, this account is all you will ever need for your trading endeavors.
This is indeed not a usual thing as most other brokers have several account types to offer their traders. However, AvaTrade has simplicity in mind as it has done a great job serving to a wide variety of traders with that one account offer.
The single account does not rule out a Demo account offer, which is a great news for new traders. Taking advantage of the Demo account traders are able to familiarize themselves with the trading interface they will be placing their trades from. This perk also comes with a personal manager that will make sure to lead you on your way to real money trading should you ever need help with anything.
AvaTrade has also proven to be understanding to religious rules as they have created a special Islamic account type who are perfect for those traders who respect the Sharia Law.
Tip: Consider IQ Option instead – the best regulated broker for South African traders with a minimum deposit of only $10!
Avatrade Trading Software
This Forex and CFDs broker is offering their services on a popular MT4 platform which is integrated with the MQL trading signals. This means that traders who decide that AvaTrade is their broker of choice get the advantage of having it all on a single platform. But MT4 isn’t the only platform this broker has to offer. They also feature the proprietary AvaTrade platform that offers fixed spread with 0.8 pips which, we are certain, will delight the traders of all experience levels.
If you think we are done with naming all the great things that AvaTrade had to offer, you would not be correct. AvaTrade forex and CFDs broker offers also MirrorTrader that enables traders to copy others trading strategies. Alongside that, there is also ZuluTrade which is a social trading system that allows you to execute third party signals directly from your AvaTrade interface. Obviously, they also have a fully automated option for your trading if that is your prefered method.
This broker was also the second ever broker in the world to integrate bitcoin trading on their online platforms. Obviously, all platforms are available on your phones so you can have access to your trades regardless of your location.
AvaTrade broker offers trading on multiple assets that range from
- bonds and
-in total at more than 250 trading instruments. This is going to be an important information for traders of all types but mostly for those who enjoy diversifying their trading strategies and investment plans.
AvaTrade Cryptocurrencies Trading
Avatrade was one of the forerunners when it comes to cryptocurrencies trading and it is currently one of the most popular brokers that offers Bitcoin, Litecoin, Dash, Ethereum and other currencies for CFDs trading. CFDs, since they don’t require owning the asset, reduce the issues of owning the cryptocurrency in case of wild swings that are prevalent in that market. On the other side, CFDs can include sell orders which means trading against the price and they are probably more liquid too, even though the spread might be larger than in the regular cryptocurrency exchange.
Avatrade Support Information
There are several ways in which you can get in touch with AvaTrade customer support agents. If you choose to send an email from their website, you can choose to specify the reason for sending the request: Account Opening or Customer support. Alternatively, you can leave the field empty if your request doesn’t fit into those categories.
If you are one of the people who prefer to have direct contact, you might choose to call their direct telephone number considering they have phone numbers for nearly every country that AvaTrade has access to.
The live chat option will be a delight for everyone who likes the benefits of immediate communication but without having to deal with hearing the person on the other side.
The enormity of information available through the Education section of the website is phenomenal. Everything from webinars, trading video tutorials, e-books to economic indicators, trading guides, and a helpful glossary can be found in this section.
Although most broker reviews are not putting very much emphasis on the quality of customer support, we believe this is one of the most important factors. Why? Because with any issue or question you run into, the customer support agents are the ones who will be on the other side giving you answers and instructions. The knowledge and professional stance of AvaTrade helpdesk will improve your experience. We are happy to report that AvaTrade customer support agents have been nothing short of eager to provide information, highly educated and helpful.
Avatrade Payment Methods and Regulation
During this AvaTrade review we have also made sure to check out all the payment options that this broker has made available to their traders. They can use
- Neteller (except for traders from EU and Australia),
- all the major credit and debit cards and
- bank wire.
The withdrawal process can take up to 5 days to be executed after they have made the request. Obviously, AvaTrade applies certain verification processes in order for traders to prove their identity. This security measure protects traders from false representation and identity theft.
AvaTrade is a regulated broker licensed by the ASIC, Central Bank of Ireland, Japan’s Financial Services Agency, BVI Financial Services Commission, and the Financial Services Board in South Africa. This is an important factor when choosing a broker that fits your needs as unregulated brokers are difficult to check and prove their validity. Like we have mentioned before, AvaTrade is an outstanding Forex and CFDs broker who will not disappoint with their service selection and customer experience.
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