AvaTrade is one of the most trusted and trustworthy brokers online, especially for traders who wish to trade the lucrative foreign exchange and cryptocurrency markets. AvaTrade was one of the first brokerages to providing a platform to trade Bitcoin, and it has since added Bitcoin Lite, Etherium, Ripple and Dash.
With headquarters in Ireland, AvaTrade is regulated by the Central Bank of Ireland. Through MiFID regulation, it operates throughout the European Union. It’s also regulated in Japan, the British Virgin Islands, Australia and South Africa. Started up as AvaFX, it has provided traders with a trustworthy platform for nearly a dozen years, which indicates it can be trusted. It has a high reputation in the online forex trading community.
Traders can use the platform of their choice. AvaTrade has online applications, desktop systems and mobile platforms. It supports trading of 59 forex currency pairs, forex options and cryptocurrencies through contracts for difference (CFD).
Traders can choose between two pricing models: fixed spreads and floating or variable spreads. For example, the fixed spread on EUR/USD trades is three pips. The floating spread depends on the median spread during trading hours in the prior quarter. If you deposit $100,000 or the equivalent in euros, British pounds or Australian dollars, you gain access to AvaSelect, their active trader program.
AvaTrader offers a wide range of trading platforms, including AvaTrader Act, MirrorTrader, RoboX, ZuluTrade and, of course MetaTrader 4 for web and desktops from MetaQuotes Software. RoboX from Tradency and ZuluTrade are primarily for social copy trading. AvaTradeAct comes from Act Trader Technologies, which has a long history of developing foreign exchange trading platforms for both individual traders and institutional customers. The web version doesn’t have as much functionality, so it’s known as ActLite.
AvaTrade review offers superior customer service. They have teams in eleven countries around the world to offer 24/5 support in eleven languages. They not only have offices in Tokyo, Paris, Shanghai and Sidney, but also in Nigeria and Ulaanbaatar, Mongolia. They now have over 200,000 accounts, and do over 2 million transactions a month, a monthly volume over $60 billion.