AvaTrade is a controlled forex broker whose commitment lies in giving its customers customized trading solutions whether one is new in the business or not. Initially, AvaTrade was AvaFX and began in 2006. AvaTrade is an online broker of both Forex and CFDs, with its headquarters in Dublin, Ireland. The company’s area of specialty is trading services. It provides its services to Bitcoin, equities, bonds, Exchange Traded Funds (ETFs) and market indices. Since 2006, AvaTrade has grown and increased their operations to a global scale of about 200000 accounts.
Apart from Dublin, AvaTrade maintains other offices in other countries. It has grown to be a multinational company expanding into Milan, Nigeria, Shangai, South Africa, Paris, Sydney, Tokyo, and Mongolia. The broker closes over 2 million transactions on a monthly basis with a total value of about $60billion. AvaTrade’s operations are regulated and overseen by the Central Bank of Ireland and MiFID of the European Union. The Australian ASIC also makes its regulation. The Financial Service Commission (FSC) in Japan and B.V.I FSC in the British Virgin Islands are also tasked with overseeing the company’s operations.
Anyone can trade on AvaTrade as their standard account has a minimum deposit of $100. The rate of returns is 1:400. On AvaTrade one can find fixed, variable and floating accounts. Their spreads are the best compared to other online trading platforms. AvaTrade also provides different types of orders including Market orders, Limit orders, Entry Limits among others. This gives their clients a wide range of orders to choose them giving them trading freedom.
The fund’s security is enhanced by holding them in separate accounts. Both hedging and spread betting are allowed. Spread betting is trading that is not taxed and involves long term or short term bets on over 200 separate instruments. They usually have a 400:1 leverage. The spread betting is accessible to traders in the UK and Ireland. Among other Forex brokers, this AvaTrade review shows that they are the pioneer of trading on commodities, indices, and stocks.
New clients are given a deposit bonus of $40 for $200 deposit up to $10,000 for $50,000 deposit. AvaTrade also provides educational training about trading for its clients. That enhances their trading expertise making them trade with confidence.