AvaTrade Background – Important and Interesting Things to Know
AvaTrade was established in 2006 as a broker for Forex and CFD trading, with its headquarters in Dublin, Ireland. It has obtained a range of licenses to operate as an authorized broker. The company’s main mission is to enable individuals to trade with a complete confidence. As well as a combination of core values of integrity and innovation.
Since its inception 12 years ago, the company has established the customer service as its first priority and has done all the capabilities that have helped it to spread worldwide. According to the company’s statistics, the number of registered traders has reached about 200000, carrying out about 2 million transactions annually.
In its continuous quest to achieve the widest spread and meet the renewable needs of clients, the company was one of the first brokers to enable digital currency trading. In addition, its main website is available in 24 languages to serve clients all over the world.
During the period of its work, the broker has won many international awards, the most important of which are:
- Most Reliable Broker in 2009, 2011 and 2015.
- Excellence Award in 2010, 2014 and 2016.
- Bitcoin Award in 2012 and 2015.
AvaTrade Unique Features – Why More Traders Choose AvaTrade?
One of the most important advantages of AvaTrade is the social and automatic trading software, which enables traders to execute transactions automatically, especially when they do not have enough time and experience. For this purpose, they designed two platforms; DupliTrade, which mainly copies a range of selected transactions for trading experts and manages investment portfolios based on the strategies of expert and professionals. The other platform designed for this purpose is, ZuluTrade’s, the most popular trading platform, which also allows customers to transform expert recommendations into automatic and manual trading decisions.
An important advantage of the broker is also the educational programs that it provides. With the testimony of those who dealt with it, AvaTrade has provided them with the best educational tools and training programs. These tools include beginners’ materials to teach them the basic principles of trading and other unique and special tools for teaching from the beginning to professionalism. These tools include educational videos, e-books, and a set of webinars in more than one language.
The company has a strong board of directors and a team of managers, analysts and experts who have long experience of working in this field. These teams work continuously to improve work and follow-up requests and customers’ needs. In its pursuit to get customer loyalty, the company provides many promotional offers for existing and new customers, for example offering a 40% trading bonus on various deposit operations.
In addition, the company allows the trading of more than 250 financial instruments through many professional platforms, where transactions are executed quickly and easily and without technical errors.
Trusted and Regulated
As mentioned previously, the company has won the award of the best reliable forex broker in several years. Therefore, it is subject to supervision and follow-up of several international financial bodies, the most important of which are:
- The Central Bank of Ireland (No.C53877)
- The South African Financial Services Board (FSP No.45984)
- The B.V.I Financial Services Commission
- ASIC (No.406684) in Australia
Reliability and Safety
AvaTrade believes that providing a high degree of safety is one of the most important reasons for success and progress, so they are working to provide an atmosphere of calm and tranquillity for traders to do their investments. For this reason, they are committed to strict standards when handling clients’ funds and they consider this as the cornerstone of the company’s values.
AvaTrade follows a number of procedures to provide a safe trading environment, separate all customers’ money from the company’s funds, use the best techniques to fully encrypt the website and prevent forging credit cards and stealing identities.
Easy and Secure Withdrawals and Deposits
To make the process much easier, AvaTrade uses a variety of methods of withdrawal and deposit. These methods include all types of credit cards, in addition to bank transfers. It also accepts payments through various electronic banks. In order to make the process of deposit and withdrawal more secure, the broker imposes customers to withdraw money through the same method of deposit.
For security purposes and some legal procedures, the withdrawal process may take some time sometimes up to five business days. The company accepts small deposits and the minimum deposit is $ 100.
More Than 200 Financial Instruments to Trade
Through its platforms, the company allows traders to trade more than 200 different financial instruments, including more than 50 pairs of major and minor currency pairs, with a leverage up to 1: 400 and with competitive spreads starting from 0.8 pips.
The company also allows the trading of a wide range of CFDs including commodities, indices, stocks and bonds with leverage up to 1: 200. On the other hand, AvaTrade was one of the first companies to allow digital currency trading.
Through AvaTrade, traders can invest in a range of the best-traded currencies in the market including Bitcoin, Ethereum and Ripple. The company accepts trading in digital currencies in small amounts starting from $ 100 and leverage up to 1:20, and is available 24 hours a day, seven days a week.
On the other hand, they offer a variety of trading accounts to suit the different needs of traders. For example, they have accounts with fixed and variable commission differences and provides Islamic accounts that comply with the Islamic Sharia rules for those who wish to do so.
Smart and Diverse Trading Software
As part of the company’s commitment to its clients by providing an ideal trading environment, the company offers traders a wide range of manual and automatic trading platforms. Each of these platforms provides traders with a sophisticated trading experience with a variety of helping tools, analytical tools, indicators and various graphs.
AvaTrade depends mainly on MetaTrader 4 platform, the most popular and flexible platform that meets all the needs of traders of all levels of experience. AvaTrade is distinguished from others by two other social platforms, DupliTrade and ZuluTrade, both of which are recognized by traders and market experts as the best trading platforms available on the market.
AvaOption platform is a new option provided by the company recently, which allows traders to use risk management tools and trading strategies to improve their returns. The various trading platforms are among the most important achievements of the company, which have added value to the broker and distinguished it from others.
Innovative Mobile Trading
The company provides mobile trading service. The company designed the AvaTradeGo platform, especially for this purpose. This trading platform is easy to use and offers many advantages including:
- Open and manage different accounts.
- Continuous access to the latest developments in the financial markets.
- Provides a set of analyzes, tools and graphs to help make the best decisions.
AvaTrade offers a wide range of services that distinguish it from others and give it the ability to compete professionally. These services include OTC Vanilla Options, which allow the company to trade forex options on about 30 currency pairs, allowing traders to manage risk correctly and achieve the best returns.
Another service they provide is Sharp Trader, which is the premium educational website with exclusive content for AvaTrade customers. Sharp Trader offers a comprehensive range of videos, articles, daily news and trading tools, taking you from trading fundamentals to the advanced strategies of leading professional traders.
Customer Support – One of the Best
AvaTrade provides 24-hour customer support for 5 days a week in more than 20 languages to serve clients of different languages and nationalities. These services include account management, technical support services and others. The company uses many ways in customer support services including live chat, email communication, and phone calls.
AvaTrade also provides support to its clients through various educational programs from all levels of experience, offering a set of tools to help beginners and guide them to get started successfully. The company also offers many helpful tools including high-quality charts and analysis.
One of AvaTrade’s unique services is one-to-one training sessions for people with an account of $ 1000 and more. This service enables traders to get a closer look at market developments and help them develop a successful trading strategy.
Things AvaTrade Needs to Improve
The broker is characterized by the excellent services it provides and because of the renewable needs of customers, the broker needs to make some small improvements, which include:
- Expand technical support services to become available on all weekdays instead of 5 days.
- Make the process of withdrawals and deposit faster since they take a relatively long time sometimes up to 5 working days.
- Some of the company’s customers complained about some technical problems in executing transactions and placing various orders.
AvaTrade is fully prepared to deal with the feedback and comments and promises to always provide the best. In response to complaints about some technical problems, they said that such issues rarely occur. The Company has nothing to do with them, but they are linked to a third party service provider and are dealt with immediately when they appear.
To Sum Up
By looking at the broker’s business, achievements and constant efforts to meet the continuous needs of its clients, we can say that AvaTrade is one of the leading, reliable and respected brokers.
All the advantages offered by the company to its traders, make it an ideal choice for those wishing to trade in the financial markets. Based on the above, it is good to go visit the company’s website and get to know them closely and take a look at what they can offer.