AVATRADE

Overview of AVATRADE

AVATRADE is a virtual currency exchange that operates as a multi-regulated broker, offering a wide range of cryptocurrencies for trading. It is known for its user-friendly and diverse trading platforms, which include MetaTrader 4, MetaTrader 5, AvaTradeGO, Webtrader and AvaOptions. This allows users to choose the platform that best suits their trading strategies and preferences.

AVATRADE offers a variety of deposit and withdrawal options, including bank wire transfers, credit/debit cards, and popular e-wallets such as PayPal, Neteller, Skrill, and WebMoney. This flexibility in payment methods makes it convenient for users to fund their accounts and withdraw their profits.

Pros and Cons

Security

AVATRADE says it places a strong emphasis on the security of its platform and the protection of user funds.

One notable security measure is the use of advanced encryption technology to protect user data and transactions. This helps to safeguard sensitive information from unauthorized access.

In addition, AVATRADE follows strict know-your-customer (KYC) and anti-money laundering (AML) procedures. These procedures require users to provide identification documents and undergo verification processes to prevent fraudulent activities and ensure compliance with regulations.

Trading Apps

AVA Trade offers a diverse range of trading platforms tailored to meet the needs of traders across various categories.

For Forex trading, AvaTradeGO stands out as a top choice, available on both Google Play and the App Store. Voted the Best Forex Trading App by the Global Forex Awards, it provides innovative technology at users' fingertips, offering live feeds, social trends integration, and unique risk-reducing features like AvaProtect™.

Additionally, AvaSocial enhances the trading experience by allowing users to connect with experts, learn from peers, and automate trades, catering to both beginners and advanced traders. It is available on both iOS and Android devices.

For options trading, the AvaOptions app,available on Windows, iOS, and Google Play, offers 13 option strategies, including spot, call, put, spread, straddle, butterfly, and more. Traders can manage their trades conveniently from their mobile devices, with access to various currency pairs, commodities, and customizable trade sizes. With live streaming trades and multibank liquidity, AvaOptions provides a comprehensive platform for traders to execute their strategies effectively and efficiently.

How to Open an Account？

The registration process of AVATRADE can be completed in six simple steps:

1. Firstly, users are required to visit the AVATRADE website and click on the “Register Now” button to begin the process.

2. Secondly, users need to fill in their personal information, including their full name, email address, and phone number.

3. Next, users will be asked to choose a username and password for their account. They should ensure that their password is strong and unique to protect their account security. After completing this step, users will receive a verification email to validate their email address.

4. Once the email address is verified, users can proceed to the next step, which is the submission of identification documents. This typically includes uploading a copy of a government-issued ID, such as a passport or driver's license, as well as proof of address, such as a utility bill or bank statement.

5. After the documents are submitted and approved, users can proceed to fund their account. AVATRADE offers various payment methods, including bank transfers, credit/debit cards, and electronic wallets. Users can choose the option that is most convenient for them.

6. Finally, users are required to accept the terms and conditions of AVATRADE and complete the registration process. Once done, users can access their account and start trading on the platform. It is important to note that additional verification steps may be required for certain account features or higher deposit/withdrawal limits.

Fees

AvaTrade employs a fee structure primarily based on spreads, with compensation for its services incorporated into the Buy/Sell (Bid/Ask) spread. This means that traders essentially “pay” the spread when opening a position, which is included in AvaTrade's quoted rates.

Additionally, traders encounter additional fees based on their trading activity. These fees include an overnight premium, deducted for holding positions after a specified time, and an inactivity fee applied after three consecutive months of non-use.

There's also an administration fee,charged annually after 12 consecutive months of account inactivity. Fees vary based on the account currency, with USD, EUR, and GBP accounts subject to different fee structures.

Deposit & Withdrawal

AVA Trade offers a wide selection of payment methods available, including credit/debit cards, bank wire transfers, and various e-payment options, users can choose the method that suits them best.

The verification process, adhering to KYC regulations, is required for withdrawals to ensure security and compliance. Deposits are typically processed swiftly, with credit/debit card deposits often credited instantly, while bank wire transfers may take up to 7 business days. Withdrawals are also processed promptly, usually within 24-48 hours after verification, with delays possible due to banking procedures.

Is AVATRADE a Good Exchange for You？

AvaTrade is best for traders who value a regulated trading environment and access to multiple platforms.

• Regulation: AvaTrade is regulated in multiple jurisdictions such as FCA, which can give some users peace of mind knowing they are dealing with a reputable company.
• Multiple Trading Platforms: AvaTrade offers a variety of user-friendly platforms, including industry standards like MT4 and MT5, their own mobile app (AvaTradeGo), and a web-based platforms. This provides flexibility for users to choose a platform that suits their preferences.