Avatrade - A detailed overview of the broker and Avatrade
Avatrade was founded in 2006 and is considered one of the pioneers in online trading. Today it is a successful platform, the services of which are used by more than 200 thousand traders, including those from Russia. Every month, over 2 million transactions are made with the help of this broker. The company's monthly trading turnover is $60 billion.
Avatrade Office
Avatrade has offices in different countries - in France, Ireland, Italy, Japan and Australia. The company's head office is located in Dublin, Ireland. The company occupies a stable position in the ranking of brokers , while applying a customer support-oriented approach.
This website is suitable for all traders like beginners and experienced traders. There are many users prefer to trade this site, due to the excellent conditions offered by the broker.
The site is available for computers, laptops, tablets and smartphones. The mobile version of the site is identical to the desktop one - users are provided with the same opportunities. The site consists of several main sections:
- About Us;
- Forex;
- CDF;
- Cryptocurrencies;
- Platforms;
- Trade information;
- Education.
Registration on Avatrade
To register on the broker's website, click on the orange button located at the top of the site. Then fill out the form and activate your account, open an account, make a deposit and start trading.
The "About us" page provides only basic information about the company. The "Forex" section tells about this market, its advantages and offers tools for trading.
CFD - the conclusion of contracts for differences in prices. You can trade stocks, indices, commodities and other assets this way. The company also offers excellent conditions for cryptocurrency trading. Traders can trade with Bitcoin, Ethereum and other virtual money.
For the convenience of customers, several platforms are provided. These are browser and mobile trading, Ava Options, Meta Trader, AvaTrade GO, automated trading, trading on Mac. Each user chooses the most suitable option for himself.
In the Trading Information section, you will find many useful tools. This is information about CDF transfer dates, trading hours, economic calendar, trade calculator, financial instruments, market analysis data, a special risk management tool.
Trading Materials
As training, materials are offered on the basics of trading, order types, indicators, video tutorials, an e-book on trading, as well as an online center for professionals. There is also a special help center for users, which contains a lot of materials on various topics. You get there, Now you click on the "Need Help" button.
If you can't find the information you need, contact support. To do this, use the option with chat or email. The support service works around the clock, so you can get a response at any time.
Advantages of Avatrade
This broker has the following features:
Simplicity and convenience of the site;
Continuous development;
Effective implementation of innovative solutions;
Honesty and reliability;
Accreditation in 7 jurisdictions;
Multilingualism;
The ability to trade using the demo version;
Ultra-low spread;
A large selection of assets;
Round-the-clock cryptocurrency trading;
Effective teaching materials.
A novice and a professional will be able to understand the operation of the site and the mobile application. Moreover, both will do it equally easily, the site is characterized by well-thought-out navigation and convenient functionality.
The company is on the path of continuous improvement of its platforms and tools. Thanks to this, the broker continues to occupy a leading position in the online trading market. The Meta Trader platform developed by the company is considered one of the most popular among traders. Ava Options also deserves special attention - an innovative solution for trading options.
1. Safety
The broker is characterized by a high level of reliability. The company puts a serious emphasis on safety. The broker is accredited in 7 jurisdictions on 5 continents, which underlines the high level of Avatrade.
2. Support
The platform has 30 different language versions, thanks to which clients from many countries can use the services of this broker. The support service works in 15 languages. Such multilingualism becomes a serious plus. Also, from the moment of registration, users have a personal manager who is ready to answer all questions.
3. Demo account
Separate words deserve trading with a demo account. You get a unique opportunity to test the site and try out different strategies. Trading is carried out with virtual money, which allows you to gain the necessary experience and avoid financial losses at this time. Then you can move on to real deals.
4. Favorable Spread
The ultra-low spread allows you to make good money on trading. The user can invest in currencies, cryptocurrencies, indices and other assets, concluding profitable deals. The site provides excellent opportunities for generating income.
5. Diversity of Assets
More than 1250 assets are at your service, trading which you can make a profit. The main thing is to determine the correct moment for opening and closing positions. The training materials contain step-by-step instructions for trading various instruments. The broker provides an e-book and video tutorials that talk about stock strategies.
6. Cons of Avatrade
Of course, this broker has its drawbacks. At the same time, it is necessary to pay attention to objective factors. For example, negative reviews are usually left by users who were not able to achieve positive results in trading. These people pour their negativity towards the company. However, often the problem lies elsewhere - they themselves could not use the tools that were at their disposal.
The objective disadvantages of Avatrade include the following:
- The presence of a commission if you do not use the account for 3 months;
- A small number of deposit options.
In trading, no one guarantees earnings, and experienced users are well aware of this. But for some reason, some beginners think that they will definitely be among those who will be able to trade successfully. Then these people get frustrated and quit trading.
Unfortunately, these are the realities of the market - to make money, you need to work hard.
If you do not use your account for 3 months, the broker will start deducting a $25 commission from you. But it is enough just to take this fact into account and avoid such situations. If there are even minimal movements on your account, you should not be afraid of sudden write-offs.
A small number of deposit options is a situation that can also be easily adjusted. In addition, the abundance of payment methods is often unnecessary. It is much more important how effectively you will trade and what profit you will make.
Is Avatrade Worth It?
As you can see, the broker has much more advantages than disadvantages. So the disadvantages are easily offset by the existing advantages. Users who understand the features of the site note its strengths.
There are many positive reviews from people who share positive experiences with Avatrade. Traders note the convenience of the platform and favorable conditions. In general, this is a great option for trading various assets.
Registration on Avatrade
First you need to familiarize yourself with the features of the platform and only then proceed with registration. To create an account, you will need to provide an email address, create a password, and provide personal information.
To open a trading account on the site, enter your first and last name, email and phone number. You can also use the option with social networks "Facebook" or "Google".
If the user has a special affiliate code, it must be entered when opening an account.
Next, you will need to go through the verification process. To do this, upload the necessary documents. The Account verification will proceed in 10 days.
After that, users have the opportunity to make deposits.
Payment Methods
You can replenish your account using debit and credit cards, bank transfer. The broker also offers an option with Skrill, Boleto, Qiwi and Neteller systems. All these methods will be available in your Personal Account.
It is allowed to deposit up to $20,000 at a time. When replenishing an account in the amount of $1000 or more, you have the opportunity to trade with a personal manager. Users who have not passed verification cannot make payment transactions. Withdrawal of funds is made only in the way that you replenished the account. This is done to prevent money laundering.
What is the best way to earn money?
Traders can choose from different assets:
- Currency;
- Stock;
- Commodities;
- Indices;
- Exchange-traded funds;
- Cryptocurrency.
Each of the listed directions can become profitable if the trader studies the features of trading well. Dedicate enough time to learning and take your time to make deals. Your good preparation and hard work will increase your chances of success.
Forex Trading
The trading currency is carried out in the Forex markets. This is a rather difficult activity where many fail. It is possible to successfully trade on Forex, but this issue should be approached with all responsibility and seriousness. Currency trading will bring you a big profit or result in a quick drain of the deposit. But a reasonable risk is justified, which is why many users try to trade currency pairs.
Cryptocurrency Trading
Virtual money continues to be popular in the market. Moreover, the attitude towards cryptocurrency ceases to be wary. In this issue, there is a serious trend towards improvement, due to which the cryptocurrency market is actively developing. Traders prefer to invest in Bitcoin or Ethereum. If you wish, you can also follow the same path.
Contracts for Difference
Avatrade allows you to enter into CFDs. In this case, you will be able to profit by lowering or increasing the value of the asset. These assets can include stocks, commodities, indices, and exchange-traded funds.
Investment in Stocks
Investing in stocks is the most common type of trading. You invest in large companies and start trading when the market is rising or falling. The main thing is to correctly determine its movement, open and close a position in time. You speculate on changes in the price of an asset and make a profit when making profitable deals. The broker allows you to trade with leverage up to 20:1.
When you trade indices, you invest in financial markets and do not analyze individual companies. Avatrade gives you access to US, European and Asian indices. You can trade with leverage up to 200:1. The profit mechanism here is the same as in CFD trading in securities.
Avatrade offers trading in commodities ;
- gold
- copper
- silver
- platinum
- oil
- gas
- corn
- beans
- wheat
- sugar
- cotton
- coffee.
Trading with a Demo Account
Operations on a real trading account can result in profit or loss. It all depends on how successful the trade is. Beginners do not have the necessary experience, so they cannot always objectively assess their own capabilities. To test the platform and a specific strategy, the option with a demo account is well suited.
As already noted, the user will enter into transactions with fake money, which will allow him to learn trading in practice. Over time, you will get better at the site, you will see the pros and cons of specific approaches. Such trading helps to “fill bumps” without losing personal funds. After that, you can make real deals. This will not protect you from further errors, but it will minimize their number.
Training and Tools
A trader should not neglect the learning process. Therefore, be sure to study the available materials and watch the lessons. The “I already understood everything - I’ll try” approach often leads to sad consequences. It only seems to a beginner that he has already delved into the essence of the issue. But then he will have to face the harsh reality. In order not to be disappointed by your own haste, start with theory and only then move on to practice.
Learn to use the financial and analytical tools provided by the broker. The ability to analyze is one of the most important qualities of a trader. You need to receive, process and analyze the available information. It will help you open or close trades in a timely manner. Fundamental and technical analysis data is extremely important for a trader.
Be sure to take important news into account. Use the economic calendar wisely and take into account the impact of various economic and political factors on the value of assets.
Which Strategy is Better For Trading
The choice of strategy is a very individual matter, here each trader makes an independent decision. You determine the asset in which you will invest. It can be currency, gold, stocks, fund or something else. The main thing is that you are well versed in this area.
For example, you know how to trade stocks, but have little understanding of currency trading. In such a situation, it is more reasonable to carry out transactions with securities. The probability of making a profit will be much higher.
Someone is more suitable for a short-term strategy, another person leans towards medium-term or long-term trading. Stop at the option that is more suitable for your case. In the future, it will be possible to adjust the approach.
Avatrade provides very good conditions for traders. But whether you can use them or not is up to you. Practice shows that only a few traders succeed in this area of activity. This trend is typical for exchange trading as such.
Overview of The Best Alternatives for Avatrade
What if you want to interact with another broker? Then this should be the best alternative. In this case, it will be possible to say the justification of such an approach.
Capital is a good choice . This is another leader in online trading. The broker interacts with many traders and investors. It is a reputable and reliable company regulated by CySEC and FCA.
The advantages of this broker include the following points:
A large selection of trading instruments;
Reliable account protection;
Simplicity and convenience of the platform;
Support in 13 languages;
Variety of deposit and withdrawal methods;
A large number of educational materials;
Effective analytical tools.
Traders can trade stocks, cryptocurrencies, currency pairs, indices, commodities and enter into futures transactions. This is a versatile platform that is suitable for beginners and experienced players.
Of course, there are also some disadvantages here. Support is closed on weekends. Clients are not offered special investment programs (opening a PAMM account and copying trades).
Avatrade or Capital
Which broker is better to choose? You answer this question based on your preferences and goals. Both sites have proven themselves in online trading, which is why they are very popular. The choice in favor of a particular option depends on a combination of factors.
Someone will be more comfortable on Avatrade, while others will start trading on Capital. It is important that the site is suitable for a specific user, so that he feels comfortable and receives specific benefits from it.
