AvaTrade was founded in 2006 and was acquired from a brokerage firm called AvaFX Trade. The firm is popular with Forex dealers due to the machinery and resources they have to support their transaction. AvaTrade is regulated by the European Union and the Central bank of Ireland. Moreover, AvaTrade operates under the regulations and guidelines of Forex Brokers Act. Additionally, it has been licensed by the Markets in Financial Instruments Directive (MiFID). Since it’s an international company, it is also governed by the Australian Securities and Investments Commission.
AvaTrade has been found to be a competitive firm with robust fundamentals and analytical tools, providing different trading platforms, as well as accommodating different trading styles. The firm gives traders an ideal opportunity to access broad financial markets such as cryptocurrency, Forex, and stock indices. Also, they offer broad trading platforms to trade financial assets. The firm provides unique features for accounting holders who are known as the benefit of negative balance. This ensures that account holders never lose more than the amount they’ve invested.
Product and Fees
AvaTrade offers a wide variety of financial markets. With this firm, you are given an opportunity to trade Forex, Cryptocurrencies and stock indices. Moreover, they provide a wide range of trading platform to exchange financial assets. The brokerage firm offers slightly higher than average spreads. However, AvaTrade does not give discounts for traders with large account balances and those who have done numerous transactions per month. An interesting feature with AvaTrade is that they do not charge a transaction commission and costs are contained in the spreads. This has enticed many dealers to the firms due to cut down on costs. Additionally, there are no charges for withdrawals or termination of an account.
Trust and reliability
According to AvaTrade customer reviews, clients are guaranteed that they can never lose more than they have deposited. This feature is renowned as the benefit of negative balance. They also take some measure to ensure that clients funds are not mixed with corporate funds.