AvaTrade Review

AvaTrade Review

AvaTrade is an award-winning online broker firm that specialises in CFDs, currencies, indices, commodities, stocks and bonds. In addition to this, the company also offers specialised options trading through their AvaOptions trading platform. Established in 2006, AvaTrade is regarded as one of the top Forex brokers in the world. With their headquarters located in Dublin, Ireland, the company has a global footprint and now have offices located in New York, Milan, Tokyo, Sydney and other locations. Today we take a closer look at AvaTrade and outline what the company is offering to new and existing traders and who these offerings may be best suited to.

Trading with AvaTrade

One of the reasons AvaTrade is so successful is the fact that the company was founded by professional traders who built the company from the ground up. The company therefore has a leading advantage as they have a strong understanding of what is required to operate a successful trading platform. If there is a feature you believe is beneficial for a trading platform, chances are AvaTrade will have it. AvaTrade was among some of the first forex brokers in the world to introduce CFD trading on commodities, stocks and indices. In addition, the company was well ahead of the pack by introducing digital currency trading, which granted access for ordinary retailers to the Bitcoin market.

The website itself is relatively easy to use and does not require masses of computer experience to decipher it. The company provides users with huge amounts of information for traders to browse through if they run into any difficulty. Not only will this assist users in understanding the platform itself, but it will also provide valuable information in helping traders actually choose the right trades. In addition, Ava offers their clients a variety of educational materials that assist in teaching and training traders about the markets and trading itself. These materials include webinars, online trading video tutorials, a free ebook that discusses trading strategies as well as economic indicators that assist users in identifying specific announcements that are likely to impact the economic health of the economy.

AvaTrade Trading Platforms

AvaTrade offers their clients a variety of trading packages to suit traders of all experience levels. These packages are defined by the amount deposited by users into the account. In addition, AvaTrade offer a variety of trading platforms to their clients, including:

1) AvaTrader

AvaTrader is the companies exclusive forex and CFD trading platform, providing users with all of the necessary tools needed to trade CFD and forex instruments, such as commodities, indices and stocks. The user-friendly platform is available through desktop computers, tablets or mobile phones, all of which are highly customisable and packed full of features.

Key Features of AvaTrader
Trade from Charts AvaTrader allows users to trade directly from charts as well as from the dealer rates windows or via the toolbar.
Single-Screen Trading Users are able to trade currencies, stock indices, equities, commodities, ETFs and bonds, with more than 200 instruments in total, all from a single trading screen.
Customisable Trading Terminal The platform is highly customisable with user-configurable windows which allows traders to arrange information to best suit their preferences.
Advanced Trading Tools Over 30 built-in indicators and tools are available for traders to utilise and apply to real-time trading charts.
Auto-trading for CFDs and Forex Automated trading which is compatible with automated trading solutions allows users to test the auto-trading routines using historical market data. Traders can create their own or download proven routines.
Autochartist Automated Technical Analysis This leading automated analysis tool has been completely integrated into the platform and allows users to identify emerging and completed chart patterns as well as Fibonacci formations for all of the financial instruments. This tool is only available for qualified Australian traders.

2) MetaTrader4

AvaTrade also offer the worlds most popular trading program, the MetaTrader 4. This platform allows users to trade commodities, forex and indices with low spreads and reliable execution. AvaTrade is one of the few online brokers to offer clients a Mac version of the MetaTraders4 software. The browser version of the platform is compatible with all of the major browsers including Google Chrome, Firefox, Internet Explorer and Safari. The platform is also available through android and iOS apps.

The MetaTrader 4 offers the following key features:

  • 400:1 leverage
  • Low transparent pricing from just 0.01 micro lots
  • Free automated trading with full EA compatibility and MQL5 support
  • Rapid execution of trades
  • Exclusive education materials and daily market analysis
  • Tablet and phone trading with free Android/iOS apps
  • Live multi-language support team available

AvaTrade also offer floating spread trading through the MetaTrader4 platform. When trading using the floating spread account, the difference between the bid and ask is constantly updated in real-time, based on the best quotes available from their liquidity partners. With an Ava FX floating spread account traders are provided with the lowest spreads available at the time the trade is made and allows users to gain a better understanding of the market at any given time. This gives additional dimensions to the analysis of the marketing conditions which assists users in making well informed trading decisions. More than 200 CFDs and forex pairs are offered with spreads starting from as low as 0.9 pips. The minimum account size starts from $100 AUD.

3) AvaOptions

AvaOptions was launched in 2013 as a highly advanced platform and is the only online trading platform that allows users to trade spot forex and forex options. AvaTrade offers OTC vanilla calls and puts on 30 forex pairs as well as a strategy optimiser, historical charts, risk management options and expirations ranging anywhere from one day to one year. AvaTrade offer a free 21 day demo account for options trading and 24/5 customer support.

4) Automated Trading

AvaTrade offers a variety of automated trading platforms and social trading platforms such as Mirror Trader and ZuluTrader. These platforms allows clients to copy the strategies used by successful forex traders and customise them according to their own budget and risk.  Mirror Trader is a third party trading platform that allows users to customise the way in which they follow and copy the trading strategies of experienced, professional traders. Mirror Trader allows traders to set allocations and customise the level of risk by setting stops and limits on specific trades. It also permits users to choose to automatically replicate a chosen trading strategy in real-time with the auto-mirroring mode. Zulutrade is a very user-friendly social trading platform that allows users to follow and copy the trades of more than 100,000 highly experienced signal advisers from over 190 countries, completely free of charge.

AvaTrade Summary

AvaTrade is one of the most trusted names in the forex industry, providing their clients with customised trading solutions, regardless of traders experience level. The companies modern website and accessible top navigation makes the platform very user-friendly and easy to navigate. Clients can begin trading immediately with a variety of platforms to choose from and customise to suit their specific preferences. Clients can trade with confidence knowing that AvaTrade is regulated by the Australian Stock Exchange and ensures the highest safety standard for their clients funds with segregated accounts held with leading international banks. AvaTrade’s main advantage is the extensive range of services it offers to their clients which are suitable for traders of all skill levels.