A review of AvaTrade, a regulated forex broker

AvaTrade trading platform has been around and functioning since it was first launched in 2006. The operations of the firm are regulated by Central Bank of Ireland, ASIC, FSA, FSB, and BVI. AvaTrade is a regulated forex broker that helps in providing trading solutions to its traders. Ever since it was launched, the platform has attracted over 20,000 plus traders. For a user to open an active account, they are required to deposit a minimum of $250 or open up a demo account to familiarize themselves with how the platform works. AvaTrade is similar to other brokers in that it takes a fee from the spread. Compared to other popular brokers that have been featured in broker notes, AvaTrade spreads are more competitive.

AvaTrade does not charge inactivity or withdrawal fee thus making it more popular compared to other brokers. Also, AvaTrade overnight fees and swap rates for long positions on EUR/USD is $5 and for short positions on EUR/USD is $0 and does not levy on commission on CFD shares. AvaTrade gives its users a wide range of instruments to trade with over 250 instruments to choose from which also includes well over 59 pairs of currency. AvaTrade has made the trading experience very convenient for traders as it entails a mash-up of both Mac and Windows hence traders can use any device they will for trading. Furthermore, mobile apps offered by AvaTraders for Android and iOS enables traders to follow and execute trades from wherever they may be. The unique trading features for AvaTrade is that it allows scalping and hedging at the same time offering a choice for low minimum deposit.

A wide range of accounts are provided, and traders are at liberty to choose from the demo, micro, mini, standard, managed or Islamic account. The type of execution of the trade in AvaTrade may differ depending on the instrument involved and the trader. AvaTrade is a market maker, and for this reason, it offers lower entry requirements, smaller minimum trades requirement and no commission on trades. For the purpose of serving as a guide, AvaTrade also has a varying margin requirement of up to 0.05% on currencies. AvaTrade has the capability of supporting a wide range of international languages and also have BrokerNotes triple AAA support rating. The AvaTrade platform could be easily accessed, but it is essential that one has to open up an account first to trade.

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