AvaTrade Forex Broker Review – 1250+ Assets and Award-Winning App

Reward: N/A
  • Licence:
  • ASiC
  • 406684
  • Licence:
  • FSCA
  • 45984
Accepted Payment Methods: VISA, VISA Electron, MasterCard, Skrill, Neteller, WebMoney, Bank Wire and more
Min. Deposit: £100
Broker Rating:
  • Reward: 4.0
  • Platform: 5.0
  • Mobile: 4.6
  • Live: 4.5
Overall Score: 4.53/5
Featured Platforms:
  • Web trading, AvaTradeGO, AvaOptions, MetaTrader 4, MetaTrader 5, Automated Trading, Mobile trading, Mac Trading
Broker Info
  • Company: AVA Trade EU Ltd
  • Founded: 2006
  • Headquarters: Dublin, Ireland
  • Phone: +(44)2039661934
  • Email: cs@avatrade.com

When it comes to getting involved in the confusing world of foreign exchange, or Forex, you might not be sure where to begin. That is why many people choose to find a quality Forex broker that they can trust and rely upon for years to come. If you are looking for a Forex home that you can trust, one popular option today is AvaTrade.

Trade with confidence and benefit from ultra-low spreads!

If you want to know more about AvaTrade, then read on – we’ll cover their history below.

Company History

The company itself has a fair amount of industry history, having been formed back in 2006. It has become a well-respected name in the industry given it has been around for close to 15 years. The quality of the website is beyond reproach, too; over the years, they have done everything they can to make trading as comfortable and as seamless as you would have hoped for in the first place.

The quality of the company is not something you should disregard, either; this is a company that knows what it is doing, and knows about the importance of quality output. That’s why it is still going after all this time: a focus on fairness and quality.

Bonus Offers & Promotions

Opening an account with AvaTrade is very easy; all you need to do is make an account and put in a £100 minimum deposit for your first account. However, the website itself seems to state a minimum of £500; from what customer support has mentioned, though, you should be fine with a £100 deposit via bank transfer.

In terms of bonus offers and promotions, they tend to offer some interesting special offers when you sign up with the company. If you sign up with via a referral program, then you can get some nifty rewards, including a bonus that stretches with how much the referee has actually put into their account.

Regulations

In terms of regulation, you can trust that AvaTrade is being closely inspected by various authorities. Indeed, it is regulated by a host of popular authorities across Europe, including the Central Bank of Ireland. If you are worried about using a Forex broker that is not legitimate or is not regulated, then you have nothing to fear with regards to legitimacy here: this is a broker that has a proven background in being regulated, so you can use it without any uncertainty.

Platforms Provided

As you might expect, there are various platforms to pick from and choose when it comes to AvaTrade. This gives you access to various options such as MetaTrader, making sure you get access to what is probably the premium choice within the wider industry.

It is a good starting place, as MetaTrader is so easy to get to grips with for a beginner. For those who might want more variety, though, you also have access to ZuluTrade and DupliTrade. So, you get ample variety to pick from when it comes to using this particular platform – you will have more than enough choices to pick from, which should make getting things progressing a bit easier for you to deal with.

Education Tools

In terms of educational support, you should have nothing to worry about. There is an abundance of training materials, as well as a demo account that allows you to try out more or less anything that you are thinking of.

The demo account makes a very smart choice as it is just so easy to use, while the various tutorials given to you as a newbie should help you to get your head around the challenging basics of Forex. You might also find that the various educational videos that you get are a wise investment of your time even if you are a skilled trader; there is enough insight in here that even veterans might find something worth picking up and using in their next trade.

Customer Support

Everyone wants to get a good customer support system, and the customer support here is a solid place to start. The main drawback is that they are only available 5 days per week, so if you hit a snag on their days off you might find it hard to get help. The benefit is that on the days where support is accessible, they are here for 24 hours of the day. So, be sure to make sure you are doing most of your trading on days where the customer support team are available!

You get access to multiple languages, as well as support via phone and live chat. You can also send an e-mail if you would rather, allowing you to get rapid and professional help with any problem that you might be dealing with. This ensures quicker, simpler resolution to just about any issue.

Withdrawal and Deposit

Getting money in is very easy, but getting money out is a tardy process. Withdrawals can take as long as 3 days to process, though it is entirely free to take your money out. You can also send your money to bank and credit cards, or even to electronic wallets – the same goes for putting your money in. There are no deposit fees, either, which is often a pleasant surprise.

You can also choose to cash out in many popular currencies, including GBP, EUR and USD. Getting money into your account is a piece of cake – it’s actually getting your money back out that can be an annoying and time consuming process.

Conclusion

It would be hard to say anything other than positive words about AvaTrade at the moment. This is a modern and robust trading platform that really does make it easy for you to get started on their platform. While it can seem a touch outdated in some aspects, regular updates and improvements means that it won’t stay that way for long.

If you are looking for an online platform that is easy to use and highly effective for newbies as well as veterans, you might wish to come and have a look at AvaTrade.