Top Options
88%/ 100
Type of Broker: Forex, CFDs, Option. Binaries
Payout: N/A
Min Deposit: $200
Min Trade Amount: 0.01 lots
US Clients:
Free Demo Account:
Max Trade Amount: Up to 100 lots
Leverage: 1:20 (options); 1:200 (forex)
Fees:
Fees: Fees charged for copy trading
Number of Assets: 250
Types of assets: Currencies, CFDs(stocks, indices, options), Vanilla options
Option Types: N/A
Expiry Times: N/A
Charting Package:
Trading Signals:
Market Analysis:
Education: Yes

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Full Review

Do you wish to find out about what makes AvaTrade tick as a broker? Here, we discuss AvaTrade’s trading platform and the copy trading experience it offers.

Introduction

AvaTrade was founded in Dublin, Ireland, as AvaFX in the year 2006, to provide traders with a reliable trading environment to carry out trading activities. The platform has over 200,000 registered clients and boasts more than 2 million trades each month. Besides offering a trading platform that has become one of the industry’s standard, AvaTrade provides many educational tools and resources to equip newbies with the knowledge required to succeed in the online business environment; such as what forex is?

The company is a member of the Ava Group, which is licensed in many countries including Japan, Ireland, and Australia. Similarly, the firm has offices in various countries and cities in the world including Nigeria, Milan, Sydney, South Africa, Tokyo, Paris, Shangai, and Mongolia. AvaTrade focuses on providing financial services that are CFDs-oriented. As such, they offer trading services that cover commodities, Bitcoins, ETFs, market indices, and bonds. The company’s total value is worth well above $60 billion.

Regulation

AvaTrade is regulated by Ireland’s apex bank, the Central Bank of Ireland (Ref. No.: C53877). The firm is also overseen by other reputable regulatory bodies such as the Financial Services Commission in British Virgin Islands, as well as the Australian Securities and Investments Commission (ASIC). In Japan, the broker is strictly regulated by several agencies including the Financial Futures Association of Japan, the Financial Services Agency, as well as the Commodities Futures Association of Japan. Together, these regulatory bodies jointly regulate AvaTrade’s operations in the country.

Is AvaTrade Legit or Scam?

Establishing the reliability of a trading platform is one of the biggest concerns of most traders, and justifiably so. This is because the online marketplace continues to be haunted by con artists who use deceptive tactics to swindle traders of their funds. With AvaTrade, legitimacy and reliability should not be much of a concern, as our research validates them as authentic due to the following reasons:

AvaTrade has a proven track record of achievements and legitimate deals in the industry. For them, integrity and reliability are not to be compromised.

AvaTrade complies with some of the tightest rules in the industry. For AvaTrade, it’s rules everywhere they turn, with so many regulatory agencies on their tail. Still, they manage to abide by set rules so that they guarantee a safe trading environment where their trades can buy and sell assets with a peace of mind.

In recognition of its tried and tested authenticity, AvaTrade has been winning one award after the other since 2009, with its last being the “Best Broker Award” which was won in as recently as 2016.

AvaTrade Legit Trading Software

One of the standout quality of AvaTrade which attracts most traders is the many trading platforms which the broker offers. Traders who use the AvaTrade platform can choose from many trading platforms. These include:

  1. RoboX. This unique tool comes with a set of useful features that allow a trader to modify it to suit their business task. It lets traders conduct trades automatically, depending on their preferred trading style. With it, traders can access about a billion numerous trading strategies, all of which are intended to help them increase their financial rewards.
  2. Mirror Trader. Mirror Trader allows a trader to copy the trading transactions of top traders on the platform. The tool supports automatic trading, so a trader needs not be online to execute transactions. They only need to decide on how much trade they want automated and how much manual control they wish to retain. The tool works fine either way.
  3. ZuluTrade. This automatic social trading tool allows AvaTrade clients to transform the suggestion of advanced traders into trading decisions on their AvaTrade accounts.
  4. API Trading. This tool allows traders with programming skills to utilize the platform’s API Libraries to create personalized trading solutions. The solutions created can then be linked securely to the traders’ trading accounts.
  5. The MetaTrader 4 platform
  6. Mobile trading
  7. Mac trading
  8. Web trading
  9. Automated trading platforms
  10. AvaTradeAct platform for CFD and forex trading.

Traders who prefer to trade on the go using their mobile devices can select between the proprietary AvaTradeAct and the MetaTrader platforms. Both platforms work well on Android and iOs.

AvaTrade App’s Special Trading Tools

AvaTrade has made available some important tools to help traders improve trade profitability and have a more pleasant trading experience. These tools consist of:

  • Economic Calendar. AvaTrader offers an economic calendar, which helps traders monitor new that are critical for forex trading.
  • Forex Tutorials. Using this tool, AvaTrade helps make it easy for beginners to understand how the market works and how to use it for speculation.
  • Autochartist. AvaTrade uses Autochartist to scan traders’ watch list and then alert them to the availability of profitable opportunities as soon as they arise.

Asset List

AvaTrade’s well-stocked trading portfolio offers traders various trading options including:

  • AvaTrade offers seven cryptocurrencies on its platform. These include Bitcoin, Litecoin, Ripple, Ethereum, Dash, Bitcoin Cash and Ethereum Classic.
  • Forex
  • Indices
  • Commodities
  • Bonds
  • ETFs

Transaction Methods

AvaTrade offers various transaction methods. These include:

  1. Credit/Debit Cards. Clients can deposit and withdraw money through cards such as VISA and MasterCard.
  2. Bank Transfer. Traders can send money to domiciliary accounts.
  3. Digital Wallets. AvaTrade customers can use Skrill, Neteller, and PayPal to carry out transactions on the platform.

Customer Support

Clients who have questions about how the AvaTrade platform works can contact support by email, telephone, or live chat channels. The customer support team is available to help with any technical difficulties 24/5. The support phone number is +1 2129419609.

Conclusion: AvaTrade is Legit

AvaTrade has proven beyond reasonable doubt that they can be trusted. The company’s giant strides and various accolades are no mean feats by any means. We are equally impressed with the trading tools on offer, as they enable traders of all experience levels to benefit immensely from their participation in the market. Overall, it more than meets the trading needs of both beginners and seasoned professionals.