Avatrade

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avatrade

AvaTrade review

AvaTrade is a Ireland based multi award winning Forex Broker with support up to 45+ pairs of currencies which includes Cryptocurrencies as well.

PROS


  • Very large variety of trades such as crypto/fiat currency ,bonds ,shares and precious metals
  • Automatic trading system
  • Competitive spreads
  • Supports MT4 and other platforms with automated features.

CONS


  • Leverage provided are somewhat less for big traders

Starting up on AvaTrade

To get started on AvaTrade, a minimum deposit of 250$ is required to start your first trade. The deposit can be done by using online payment methods such as credit cards , online transfer or any other supported e-payment. The leverage provided by AvaTrade is 1: 400 which is considerably averagely low compared with some Forex that provide up to 1:1000 leverage.

Reputation

As per mentioned , AvaTrader is a multi award Forex and have served its service since 2006 until now. This alone is enough to represent AvaTrade is a trustworthy Forex trading platform. AvaTrade is also a registered broker under the subject to extensive and stringent EU regulations over its financial activities , making it less likely to be a shady underground operated firm.

Payment Method

To make and deposit into Avatrade, you may deposit by using debit cards, credit cards or online e-payment methods such as Paypal NeTeller, Moneybookers, and WebMoney. AvaTrade provides an extra function for debit card users upon withdrawal , where no paperwork will be needed. However the process can take up to five days for the money to be transferred to your preferred bank.

Trading in AvaTrade

AvaTrade provides a quite large list of currency pairs which includes market shares , fiat currencies , Cryptocurrencies , commodity like metals or oils, market bonds and even agricultures are available. To get started , you will have to first integrate your trading platform with Avatrade. AvaTrade also have their very own trading platform with utility of advanced charting, live-analysis as well as live feeds.Otherwise, MT4 is one of the most commonly used trading platform that supports both mobile or pc platform can it can be integrated with most of the forex providers including AvaTrade.

Recommendation

AvaTrade is considerably beginner friends and also suits the preference for more experienced or professional traders. New Entry could start off with a Demo account to test out how things work in Forex and there are also online courses provided that caters for both beginners and expert traders. Added in with top notch customer supports who are attentive to issues giving AvaTrade the edge of being one of the most used Forex broker.

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