AvaTrade only accepts non-U.S. customers.
AvaTrade was launched in 2006 by its parent company Ava FX Group, an international investment firm and swiftly rose to be a leading online forex broker. AvaTrade performs retail forex operations under the corporate name of Ava Financial Ltd which is headquartered in the British Virgin Islands, and the broker’s E.U. headquarters, under the name Ava Capital Markets Ltd, is based in Dublin, Ireland.
Clients of AvaTrade enjoy numerous special features that include support for automated trading, fixed dealing spreads, advanced trading and analysis tools, exclusive market analysis, no commissions or fees on transactions, a multi-lingual website, and no slippage on stops in normal conditions.
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AvaTrade offers a range of accounts including Demo, Standard (Silver, Gold and Platinum) and Premium varieties. The minimum deposit requirement is $100, and the maximum leverage is 400 to 1 (increasing leverage increases risk).
The broker supports most order types, including trailing stops, entry stops and entry limit orders. Deposits can be made in any currency, but will be held in either EUR or USD. Fund accounts with credit cards, PayPal, WebMoney or wire transfers. Withdraw funds to credit cards, with bank wires or U.S. checks.
Many traders using AvaTrade as their forex broker appreciate that you can use MetaTrader 4 and all of its excellent charting capabilities, plus you can design your own custom indicators or use a commercial trading robot. AvaTrade also offers its own AvaTrader desktop and online platforms, along with the AvaTrade Mobile Trader option, that provide real-time charts with trading directly from charts. The broker’s website contains tutorials and manuals for them. AvaTrade also offers an impressive range of options for automating your trading systems as a part of their AvaTrader platform including Ava AutoTrader, ZuluTrader, algorithmic trading and API support.
AvaTrade provides answers to a good selection of common questions online, in addition to quality trading support via phone, e-mail, Live Help chat and a callback service throughout the trading week. Trading desk contact is available via e-mail, and with over 31 local numbers in a variety of countries, you can readily get help.
In addition to a video-based guided tour to forex trading, AvaTrade provides suitable informational written material for novice traders to use to further their education about forex trading and technical analysis. Available topics currently include: a forex introduction, forex advantages, a trading guide, a technical analysis guide, a fundamental analysis introduction and a glossary. In terms of market data, AvaTrade’s website offers a market analysis and review blog featuring Cliff Wachtel, excellent technical analysis from Trading Central, plus forex trading recommendations.
AvaTrade operates under reference number C53877 and is regulated by the Irish authorities using the E.U.’s MiFiD compliance standards. Customer funds are held in one of the world’s largest banks for security. Also, Ava Group, its parent company, has a market capitalization of around $17 billion with an A+ credit rating from S&P. Regarding data security, AvaTrade uses up to 256-bit SSL (secure socket layer) encryption on the secure areas of their website.
AvaTrade promotes a user-oriented perspective, and the company goes the extra distance to provide exceptional support for automated trading, including MetaTrader 4 execution. Also, the fact that AvaTrade forms part of a larger, well-capitalized group and falls within the E.U.’s strict regulatory net means that the broker is a relatively secure trading partner. Overall, AvaTrade offers just about everything a forex trader could need and makes a respectable choice for online forex.