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Our note:
Even if AvaTrade is well present on the French territory with offices in Paris, it remains uncompetitive with spreads much too strong. Its offers can seduce the beginners in particular thanks to targeted promotions but this broker is far from being the most competitive. There is not only negative of course, its platforms for example are excellent and AvaTrade offers good support for beginners.
Online trading is very much in vogue at the moment. Numerous platforms have been created all over the financial world. AvaTrade is one of them. Founded in 2006 by Emanuel Kronitz, Neguev Nosatzki and Clal Finance as Ava FX, it was renamed AvaTrade in 2013. This, to prove that the platform has made its way since its creation, and has been able to impose its image in the world of the best brokers.
AvaTrade is based in Dublin, Ireland, but has several offices around the world. It is a growing platform with a promising future. Most of the platform’s markets are in the European Union, the Middle East and Asia.
In July 2010, AvaTrade‘s scope of operations expanded when it partnered with Japanese broker Art Co. Continuing its momentum towards success, it purchases eForex in the USA in March 2011. That same year, in June, Finotec Trading UK Limited joins the ranks of its agencies. Three years later, in 2014, the company moved to Australia through Sydney Youtrade FX.
The purpose of AvaTrade
The three founders are seasoned financial professionals, and have taken on the challenge of providing traders with a platform to ensure the best customer service in the financial and online trading industry. At the time of its name change, AvaTrade had more than 200,000 customer accounts in hundreds of countries. Its many customers make more than 2 million transactions per month.
One of AvaTrade’s goals is to become a pioneer in the field by educating people to invest with confidence in online financial trading. To do this, the platform provides its traders with an innovative and reliable environment, as well as quality customer support to help them make decisions. AvaTrade is committed to acting with integrity in managing its clients’ operations while trading online.
AvaTrade in the face of financial regulations
AvaTrade, which is approved by the European Union, is supervised and controlled by a legal financial institution in each country where the platform is represented. In Ireland, it is the Central Bank; the Australian Securities & Investments Commission in Australia, the British Financial Services Commission in the Virgin Islands, the Financial Services Agency in Japan, ..
The different possible operations and tools available on AvaTrade
Several trades are possible on AvaTrade: currencies, commodities, stock indices, shares and exchange traded funds.
Easy-to-use tools are available to help customers get a head start in online trading, so technicians have created the platform’s own software: MT4 or MetaTrader 4 and Avatrader or ACT. These two software programs have the advantage of being compatible with a mobile browser. Automatic tools such as Mirror Trader, ZuluTrade or AvaOptions are available to customers.
Since February 2014, a proven innovator in the field, AvaTrade has launched Chut Commerce, a website designed to offer strategic advice, training and tools to better navigate and transact online. This allows traders to adopt good online trading methods at every level and to acquire maximum profits.
Forex Trading Guides & Videos and HushTrade, guide traders to improve their trading skills. This site is exclusively for AvaTrade clients, who will find tutorials, tutorials and advice articles at all levels.
Because financial services regulations require good management, AvaTrade separates the client’s account from its own funds. The platform’s working capital is segregated for transparent management. International financial institutions take care of control and monitoring.
Customer Support Matters to AvaTrade
Personalized assistance is offered to AvaTrade online traders. For beginners, a wide range of training materials allows newly registered clients to start trading online step by step.
An introduction to the tools and products is presented, and the platform introduces him to financial price analysis, so that clients get used to it, offering them advice topics such as the traits of a good trader, the four fears in fundamental technical analysis of trading, etc
For account holders who are already familiar with AvaTrade, the Premium Content is designed for them. It is a training to deepen their knowledge of trading and forex, through videos and web articles.
Rising to even higher levels, strategies and perspectives are offered for the Insight Trader Pro, and the Pro Trader Video. This allows traders to move higher and higher in the trading levels.
In addition, a multilingual team is available 24 hours a day to assist customers by phone or email. AvaTrade is committed to providing a trustworthy environment for its clients. So, whether you are a beginner, advanced or experienced, AvaTrade’s online trading is suitable for all skill levels.
AvaTrade and technology
In order to make it easier for customers to navigate, AvaTrade provides an interface with a good balance between simplicity and sophistication. This allows traders to use it more independently. Risk maps are offered to clients for financial analysis.
Platform compatible with all major browsers, AvaTrade does not require any downloading when in use. It is also accessible with IPhone and IPad.
AvaTrade’s trading conditions in a nutshell
To be able to acquire profits, you need to understand the operating mode and trading conditions. At AvaTrade, spreads are based on standard rates, which is the difference between the purchase and sale price of a currency pair. This spread is the remuneration of the brokers, or broker, and therefore of AvaTrade. Typical spreads are mentioned as an indicator, but can change quickly because the trading market is very volatile.
All currency options are accessible until their expiration, as indicated in the platform. The cost of trading on AvaTrade is fairly stable, but outside of the hours indicated, the cost of trading is increased, and is subject to change. Therefore, the rates are only indicative, during the night, Saturday and Sunday.
In short, AvaTrade is a recent platform, but it has been able to impose its image and become a pioneer in the field. Admittedly, the risks incurred in the world of trading are always present, but it makes it possible to limit the loss thanks to its powerful tools. For optimal performance, traders should not hesitate to follow training courses and ask for assistance at every stage of trading.