Dexs

AvaTrade Review 2022 – Is AvaTrade a Good Broker For You

4 Mins read

The most significant dilemma in the world of trading is whether to invest or not, as well as
determining which broker is trustworthy enough for you. For this, we will be examining
Avatrade, and with them having been in the business for 16 years, there is a need to know about them.

If you are still here, it means you are still reading, and it means you are very much interested, so let’s get right into it.

 

AvaTrade

Originally known as AvaFX, AvaTrade is a privately held online forex and CFD broker.
There have four offices worldwide, and they are situated in Japan, Australia, Ireland, and the British Virgin Islands.

In 2020, its clientele increased to more than 300,000 dealers in 150 nations, including the US, Europe, Africa, and China.

Features of AvaTrade

Here are some features that make Avatrade the way they are and might also explain why they remain some traders’ favorite.

1. Multiple trading platforms: Evatrade understands that not everyone is the same, and some people have different needs to be met, which is why they provide multiple trading platforms to meet these needs. We will briefly look at these trading platforms below.

i. AvaTradeGo: Trading has never been easier as it is with AvaTradeGO. The app offers feedback on your activity, help whenever needed, and step-by-step instructions for initiating trades. You may see charts and prices, place orders, and make watch lists.

ii. MetaTrader4: Numerous crucial features, such as pending orders, various charts, and many more, are available in MetaTrader4 at AvaTrade. Profit from ten periods, hundreds of indicators, and several chart views. Since its introduction in 2002, MT4 has emerged as the industry standard for electronic trading

iii. AvaOptions: As an AvaTrade verified customer, you may trade over 40 currency pairings, silver and gold. AvaTrade now enables you to trade vanilla options. The AvaOptions demo account will allow users to learn the trade hands-on, hands-off.

Avatrade has more trading options, including MT5, Webtrader, and Duplitrade, all of which make trading easier.

2. Instructional Resources: AvaTrade offers its customers a variety of instructional resources to hone their abilities. This contains eBooks, economic indicators, video lectures, and the Sharp Trader Academy. 

With AvaTrade’s Demo account, novice and experienced traders may practice trading without taking risks.

3. Global Regulation: AvaTrade is a leading forex broker with locations worldwide.

The Central Bank of Ireland regulates the business, which also holds EU-wide licenses. AvaTrade collaborates with Friedberg Direct, a branch of Friedberg Mercantile Group Ltd, to conduct business in Canada.

4. Customer Support: AvaTrade is well-known for many things, but its reputation for conformance is one of its outstanding qualities. Any AvaTrade homepage you visit will include a Live Chat option. If you have any questions, there is a phone number for customer service next to this button.

RECOMMENDED: 10 Best NFTs Presales to Invest in Right Now for Max Gains

AvaTrade Deposit Options

AvaTrade provides a variety of deposit options that range by region. A color scan of both sides is required if you make deposits with a credit card, be aware that these special precautions were implemented to safeguard their customers from fraud and not to defraud them.

Here are some of the deposit options available on AvaTrade:

Credit cards: deposits with credit cards are credited instantly, but for new credit card users, it may take up to 1 business day due to security verification.

Wire transfer: when using wire transfer, it may take up to 7 business days or more, depending on the country and bank.

Credit cards and wire Transfer deposit options are available to global clients, but some other available deposit options are restricted to Canada and other non-EU members. This means all EU members and Australian clients, excluding Canada, may not use these means to deposit.

  • Web Money
  • Skrill
  • Neteller

Web Money, Skrill, and Neteller are e-payments methods, and they take about 24 hours before crediting.

RECOMMENDED: Top Healthcare Stocks To Buy In 2022

How to make deposits on AvaTrade and the minimum amount

We have examined the deposit options available at AvaTrade now, the next part is to know how you can make deposits and how much the minimum deposit you can make.

Step 1: Create an account if you don’t already have one.

Step 2: Log in to your account.

Step 3: Click on the deposit section.

Step 4: Select the deposit method.

Step 5: Ensure you select the trading account you wish to pay into from the drop-down menu.

Since we have figured out how to make deposits, the next step is to know the minimum deposit amount.

10 Fastest-Growing Stocks To Buy In 2022 – [ Stock Market]

Avatrade Minimum deposit amount

For deposits, the minimum is based on the currency of your account and the method you are paying with which could be any of the following.

Credit card

  1. USD account- $100
  2. EUR account- €100
  3. GPD account- £100
  4. AUD account- Aud $ 100

Wire transfer

  1. USD account- $100
  2. EUR account- €100
  3. GPD account- £100
  4. AUD account- Aud $ 100

The GPD is only accepted for British clients, while AUD is only for Australian clients.

RECOMMENDED: AIB Group Stock Price Forecast – Where And How To Buy The AIB Group stock 

How to create an AvaTrade account

Before you create your AvaTrade account, you would want to ensure that you have the following required documents:

  1. Passport, national ID card, or driver’s license, as proof of identification.
  2. Bank statement or utility bill as evidence of residence.

Once you have gotten your documents, you move on to create your account, which is done using the following steps:

Step 1: Go to the main page of the AvaTrade website and click on Register now.

Step 2: Fill out the form with your accurate details.

Step 3: Fill out the Biodata form and confirm the details.

Step 4: Fill in your occupation details and other information accurately and truthfully.

Step 5: Scan all required documents.

Step 6: Agree to their terms and condition to proceed.

Step 7: Fund your account.

RECOMMENDED: Glennon Insurance Brokers Review – Pros And Cons Of Glennon Insurance Brokers

Pros and Cons of AvaTrade

PROS 

  • Fast and easy account opening procedure
  • Free deposit and withdrawal
  • Low cost of the trading class
  • Deposit bonus

CONS

  • Only CFDs, forex, and cryptos
  • Long duration of transfer and withdrawal of funds.
  • Not available to US residents

When it comes to choosing a trading platform, it is important to ensure you are picking one that is right for you, so do not just hop on the first one you see but make inquiries and weigh your options.

🤞 Subscribe to our newsletter and be the first to get updates about Stock market and Crypto token that has potential to spike

We don’t spam! Read more in our privacy policy

Related posts
Dexs

Top 5 Best Crypto Day Trading Platforms

3 Mins read
Due to the volatility of cryptocurrencies, Crypto Day Trading has become one of the most profitable and easiest ways to make money…
Dexs

Huobi Global Exchange Platform Review -Read This Before You Get Started

3 Mins read
We will review the Huobi Global Exchange platform. This Huobi Global Exchange platform review discusses the exchange’s services, features, pros and cons,…
Dexs

Top 10 Crypto Exchanges in 2022

5 Mins read
Notwithstanding recent setbacks, cryptocurrency has remained a wildly prevalent new asset class for investors. To buy or sell cryptocurrencies, you must start…

Leave a Reply

Your email address will not be published.