Avatrade review 2020
AvaTrade is a broker that trades on Forex and CFD platforms, providing users with access to a wide range of instruments such as currencies, commodities and indices.
AvaTrade : spreads and commissions?
Like most brokers in the market, AvaTrade takes commission from the spread. Their amount directly depends on the currency with which the user works and the country of placement. The minimum spread is quite high – 1.3 pips (against 0.7 pips for EUR/USD currencies).
However, compared to competitors, AvaTrade offers the widest range of instruments, which makes it one of the most popular brokers on the market. At the same time, the commission rate on AvaTrade is equal to zero.
What can you trade with AvaTrade?
The following types of resources are available for trading on AvaTrade brokerage platform:
- Raw materials.
- Cryptocurrency (bitcoins, lightcoins, Ripple, Dash, Stellar, Etherium, etc.).
- Actions, securities.
Global experience with AvaTrade
In general, AvaTrade broker offers a system with the simplest possible acquisition of assets. The speed of conclusion of the transaction is high, work with large lots is possible, including without deposit. The main specifics of work are not buying raw materials, shares, or cryptov currencies, but earning on their difference in price, or agreeing to increase or decrease the value of a specific asset within a certain period of time.
Available platforms and applications
AvaTrade, a modern broker, offers innovative trading solutions and a wide range of trading platforms:
- MetaTrader 4 is one of the most popular trading platforms in the world.
- Sharp Trader – new format of the trading academy.
- AvaOptions is an innovative platform for trading stock options.
- DupliTrade is a successful platform for social trading.
Execution of transactions is available within strictly allotted GMT hours:
- Opening at 21:00, Sunday.
- Closing at 21:00, Friday.
Due to holidays and events around the world, transaction hours may change. Up-to-date information can always be obtained from the official website of the broker.
AvaTrade brokerage platform provides active client support. Since users can buy international assets, the main languages for work are English, Chinese (simplified and traditional), Indonesian, Malaysian, Portuguese, Russian, Italian, Polish, Arabic, Spanish, Thai, and Ukrainian. You can contact the support team at any time – by e-mail or by phone (consultants are ready to answer in three languages).
How to open an account with AvaTrade
Only registered users who have reached the age of majority can open an account on the brokerage platform. You can confirm your age by providing the following list of documents: color copy of passport, driver’s license, ID card. A scan, not a photo, is provided.
Also, for registration you will need a utility bill or bank statement for the last three months stating that the user is solvent (the statement also contains the address of residence and current stay).
Since AvaTrade works with money, the system has separate requirements to ensure the security of both the system and individual users, including the legality and the possibility of transactions.
Trading experience is no less important at registration – after checking the documents the system will offer to answer several questions on this subject. Before starting registration it is recommended to go to the official website of the broker and carefully read its content, including the block of questions and answers.
When registering, a user may choose to open a demo account with the possibility to make several trades for free to evaluate how the broker works and understand its specifics.
One of the main bonuses that is provided to each client is 24-hour trading in cryptov currencies. For registration each new client receives a bonus – 100% deposit. The main advantage of the system is the availability of leverage to conclude a major transaction with a modest investment of own funds (20:1).
Avatrade : conclusion
The broker is accredited (in six different jurisdictions around the world), which is an important advantage, as well as provides a wide range of training materials that can be viewed by anyone. Trading is carried out on favorable terms, and the spread is quite low among competitors. You can get acquainted with the broker more closely on his official Facebook page.