Bonuses up to $400
|Headquarters||AvaTrade Financial Centre Five Lamps Place Amiens Street Dublin 1 Ireland|
|Support Number||+ (44) 1733592168|
|Support Types||Chat, phone, e-mail|
|Minimum 1st Deposit||$100|
|Minimum Trade Amount||1$|
|Bonus||Bonuses up to $400|
|Spread||from 0.03 points|
|Free Demo Account||Open Demo|
|Account Types||Demo, SILVER, GOLD, PLATINUM, AVA SELECT|
|Deposit Methods||Bank cards, WebMoney, PayPal, Neteller, Moneybookers, Wire Transfer|
|Withdrawal Methods||Bank cards, WebMoney, PayPal, Neteller, Moneybookers, Wire Transfer|
|Number of Assets||250+|
|Types of Assets||Forex, currencies, metals, CFD for oil, energy products, indices, commodities, stocks, crypto-currencies (Bitcoin, Ethereum, Litecoin, Ripple)|
|Account Currency||USD, EUR|
|US Traders Allowed|
The Forex broker AvaTrade has been operating in the financial services market since 2006. It’s a part of the large company Ava Financial Ltd, which is popular in the West due to its impressive work experience. The broker has a registration in Ireland. The success of the company is indicated by the fact that its offices are located all over the world, a large number of traders are using its platform (more than 200,000 users of different countries monthly conclude about 2 million transactions), trusting the professionalism and experience of the company.
If you really want to know whether AvaTrade is another scam hunting for your hard-earned money or not, just keep reading this review.
AvaTrade has been providing services of comfortable online trading in international financial markets for more than 10 years, offering one of the best conditions: narrow spreads, 24/5 trading, CFD, fast execution of orders on the market. The company offers a wide range of financial instruments: currencies, metals, oil, stock indices (DJ, FTSE, DAX, CAC, Nikkei, etc.), precious metals, cotton, sugar, gas, etc. Thus, the broker constantly expands trading opportunities. By the way, AvaTrade turned to be one of the first companies to offer earnings on CFD (contracts for the difference in prices of raw materials, indices and shares). They were also first to allow to trade in cyber currency (each market is accessible to Bitcoin and Litecoin markets).
Today, the broker is deservedly considered to be the leader of online trading. The company among the first successfully introduces innovative trading technologies, and its activities are rewarded (“The Most Transparent Broker”, 2010, “The Broker with the Most Confidence of Customers”, 2012, “The Best Broker” , 2015 and 2016, etc.). There is a wide choice of platforms for work: this is a classic MetaTrader 4 solution, their own AvaTradeAct broker terminal, AvaOptions (a platform for trading Forex stock options).
Those who prefer automated trading, can benefit from RoboX (the strategy designer for the AvaTrader platform), MirrorTrader (for mirror trading), ZuluTrade (independently selects strategies, takes into account expert advice); MQL5 (signal service, copying the trades of successful traders in the MT4 terminal). Additionally, mobile trading makes the work more convenient.
Every client who has an AvaTrade trading account can receive an Ava MasterCard debit card, which is very convenient for making a profit and replenishing the deposit (commission fee is reduced). Separately it is worth mentioning their informative official website, presented in several languages, including Russian. Here you’ll find reference materials on the company, terms of trade, licensing, trade terminals. The website also offers a lot of training information: articles, e-books, free video courses, daily market reviews. It’s a comfortable place for newcomers as well as professional market players, everyone will find a lot of useful things for themselves.
Replenishment and withdrawal of funds
AvaTrade offers a limited list of options for withdrawal and replenishment of funds. To replenish the account for trading, you need to register with the broker, deposit the amount, choosing a convenient way of transferring funds (the minimum deposit is $100).
To deposit funds, traders can use modern payment systems – from the usual bank cards to electronic payment systems: bank transfers, WebMoney, PayPal, Neteller, Moneybookers, Wire Transfer. The withdrawal of funds is possible only for authorized traders, it takes no more than 5 days. To increase the withdrawal speed, we recommend to draw up an Ava Debit MasterCard.
Complaints about AvaTrade
The World Wide Web offers a lot of feedback about the broker, both positive and negative. Among the advantages many traders point out to the reliability of the company, professionalism, high quality materials for learning Forex trading, a relatively fast withdrawal of funds, good trading conditions, a good choice of terminals for work, a small competitive deposit, permanent profitable bonuses and shares, a trustworthy license.
Among the negative nuances, clients mention the lack of communication with technical support, freezes in terminals, refusals to return funds without explaining the reasons, the slow opening and closing of orders, which leads to loss of funds. Besides this, traders often complain about blocking the account or withdrawing funds from it without explaining the reason.
Despite the fact that there are no brokers in the market today without any negative feedback, AvaTrade should consider improving the service. A huge advantage in this situation is that the representative of the company tracks the responses, answering the traders in order to solve the problems (the employee of the company leaves a contact email address to which traders can describe the problem in detail). We hope that this work is productive enough.
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Is AvaTrade a fraudster?
Today, AvaTrade today is considered to be one of the most professional and successful brokers of the market, demonstrating expanded trading opportunities. The broker has been working all over the world for more than 10 years, providing high-quality service and having the most diverse user reviews: both positive and negative. At the same time, it’s worth noting that a company representative tracks reviews, tries to solve problems and thereby eliminates anything negative. It positively characterizes the company, so they’re eager to get familiar with the opinion about their work. It clearly demonstrates that they are not a scam. The availability of certification, prestigious awards, favorable terms of trade increases the credibility of the company.
Another advantage is the provision of several platforms to choose from: the classic Metatrader, as well as their own high-quality terminals. One of its tasks the company puts the best service and successfully performs it, acting as a serious organization. At the same time, the development of its software is impossible without an impressive amount of time and money, which is not typical to fraudulent structures. It perfectly characterizes the company, which came to the market to take a firm position and to roll out the best solutions.
Another great feature of the broker is an informative official website (including its Russian version), which contains materials about the company, licenses, trading conditions, terminals, a lot of training materials that are positively noted in the responses of traders. AvaTrade has several licenses around the world, which is also a positive moment. The system of bonuses and accounts, feedback, training opportunities – all of this in many ways indicates a thoughtful work with the user, which is difficult to see in one-day brokers.
Should we label it as a scam? At the moment, we definitely shouldn’t . More than 10 years of successful work with traders around the world, the availability of licenses and a serious reputation are firm arguments in favor of the broker anyway. Nevertheless, in order to avoid problems with the broker, you need to work with your personal manager correctly, specifying all the necessary information about the rules of working with terminals, bonuses as well as the withdrawal procedure.
The broker’s regulator
AvaTrade is a member of Ava Financial Ltd, registered in Ireland and accredited by the Central Bank of Ireland (license No.C53877). There are also licenses of the following supervisory organizations:
- The Australian Securities and Investments Commission, ASIC (License No. 406684),
- The BVI Financial Services Commission in the British Virgin Islands,
- Financial Services Agency of Japan (license No.1662),
- Japan’s Financial Futures Association (license No.1574),
- Financial Services Board (FSB) in South Africa (license No.45984).
- Financial Services Agency and Japan Financial Futures Association.
So, the broker is officially allowed to operate in Europe, Australia, Japan, South Africa and the Virgin Islands.
Check the AvaTrade license on the website of the Central Bank of Ireland
Check the AvaTrade license on the website of the Financial Services Agency of Japan
Check the AvaTrade license on the website of the Japan Financial Futures Association
Bonuses in AvaTrade
Every trader of the company can count on 2 types of bonuses:
1) The 30% bonus for replenishment of account
To receive the bonus, you need to replenish the deposit in the amount of 500 US dollars, euros, British pounds or Australian dollars. The amount of the bonus depends on the size of the deposit. Detailed conditions for the bonus you should specify from your personal manager.
2) The bonus up to $ 400
Refer a friend and get a bonus of up to $400. To get a bonus, you need to tell your friends about AvaTrade, and if your friend is actively working on a real broker account, you will receive a reward. As for detailed conditions for the bonus, you need to specify it from the personal manager.
The trading broker AvaTrade provides services for 10 years, so it’s considered to be one of the industry leaders. Having become the first to introduce modern service and unique trading options, and boasting a large base of traders around the world, it’s still providing a unique web-product, developing further and following today’s trends of trading in financial markets.
The Internet provides tons of feedback on working with the broker, and the company tracks these materials, trying to solve issues, which also positively characterizes it. Let’s hope that this work will continue, the company’s service will become better, so at the moment it doesn’t make sense to label it as a scam. However, the responses of the traders we are waiting for this review can do more than just change the ratings of the broker on our website. They can also warn many market players of possible problems.