AvaTrade is a company based in Ireland and was founded in year 2006 named AvaFx which then rebranded under today’s well know AvaTrade company in order to better reflect the shift to multi-asset trading as its product range expanded into more markets than just forex.
The firm has strong regulations, it is regulated in the European Union (EU) by the Central Bank of Ireland and also MiFID regulation and is also licensed by the Australian Securities and Investments Commission.It is also regulated by ASIC in Australia, the Financial Services Commission (FSC) in Japan, as well as by the B.V.I Financial Services Commission in the British Virgin Islands.
AvaTrade is a strong and competitive trading company that is being owned and operated by (SharpTrader.com) that is providing a very user friendly trading platform.
AvaTrade providers it’s clients with a wide range of financial instruments starting from Forex, stocks,commodities indices and even cryptocurrencies, and a wide range of trading platforms.One of the most important aspects is that AvaTrade also provides account holders with the benefit of negative balance protection,meaning that you never risk losing more money than you have deposited into your trading account.
You can visit AvaTrade website in a new tab and check out their platform by clicking the button below
Is AvaTrade a reliable broker or is it a scam?
One of the most important things before signing up with a broker, it to make sure that the broker is a reliable and legitimate one, due to the fact that the internet is full of scams and beginners can get tricked very easily by these scams.
With AvaTrade, you can rest assured that is not the case. It’s a well established broker that has been in this business for more than 12 years already,and already established a reputation among the online trading community as a very reliable broker.
But before all that, AvaTrade is already a regulated broker in the following jurisdictions:
- European Union
- British Virgin Islands
- South Africa
AvaTrade platform review
1) Platforms and apps
As every other popular broker, AvaTrade offers MT4 trading platform, which is available on Windows,Mac, Android and IOs
3) AvaTrade Support
AvaTrade support is offered in multiple languages such as English, Italian, German, French, Greek, and Hebrew
Besides this, they offer support via live chat, phone and email support, and because of this AvaTrade has a AAA rated support.
4) How to open an AvaTrade account
Because AvaTrade is regulated by Central Bank of Ireland, ASiC, FSA, FSB and BVI, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. There is basic procedure when opening an regulated broker account, you’ll need the following documents in order to verify your trader account:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
AvaTrade will offer you a few basic compliance questions in order to confirm your trading experience, it will only take you a few minutes to complete the account opening process.
You will not be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with AvaTrade you can visit their website here.