Avatrade trading software was produced by the AVATrade company which has its headquarters in Dublin. We have created this concise yet complete Avatrade review so you can find out everything there is to know about this Forex trading platform. Continue reading the review and discover why Avatrade is much more than just a Forex tool.
What Is Avatrade?
Avatrade was initially known by the name of AvaFX. It is a broker software that offers multiple Forex trading interfaces. The overall company has a reputable history, and it provides experienced professional trading advice.
It has a global presence, with 24/7 multilingual customer support. The software gives access to plenty of different assets such as stocks, commodities, and indices, being one of the most competitive trading businesses in the world.
The platform was launched in 2006, and it soon reached a portfolio of more than twenty thousand registered clients. The main locations of the company’s activity are in Europe, Australia, and Japan. If you want to discover more about the way this program works, keep reading our Avatrade review.
How Does Avatrade Work?
The minimum deposit for Avatrade accounts may vary depending on which type of account you choose. For the Silver account, you are required to deposit 100 dollars. You will need 1,000 dollars to start the Gold version. For the next two types of accounts, the minimum deposit level increases significantly. There are 10,000 dollars required for the Platinum deposit, and 100,000 dollars if you want to sign in with the AVA Select account.
Avatrade Account Types
As previously stated, Avatrade has four types of accounts:
- Silver account. With this account, you will have access to an Avatrade professional; a senior account analyst, to be more precise.
- Gold account. Having this account will keep you updated with mobile breaking news. Furthermore, you will have access to plenty of market analysis.
- Platinum account. This account will offer you a direct dealing room access.
- AVA select. Out of all the Avatrade accounts, this is the only one that gives you premium gifts and incentives, and flexible trading conditions.
Avatrade Demo Account
There are two main account types traders can operate through Avatrade, the live account and the demo account. The former works on multiple platforms such as Mirror Trader, MT4, and AVATrader.
The demo account is available only for a limited period, and it is offered only to those who have functional live accounts. This account presents no risks for the customer, and it is provided with virtual money. This money comes from the broker. The trader will, therefore, be able to simulate different transactions.
Moreover, the demo account enables the traders to gain experience in the forex market as well as improve their skills to achieve high profitability. Unfortunately, not many customers take into consideration the use of the demo account.
There are some benefits of the Avatrade demo account:
- It will help you better understand the way the platform works.
- You will be able to test different indicators, and you will receive professional advice.
- It will create a history that will guide your signals alert service.
- It is a reliable source of charts and analysis.
Continue reading our Avatrade review to learn more about the platforms that this software offers to its customers.
What Does Avatrade Offer?
Our Avatrade review will inform you about all the services this software has to offer. Besides a helpful customer care and many other perks and bonuses, Avatrade gives you access to plenty of online platforms:
- AVA Trader. This feature lets customers trade Forex and CFD’s. The platform is easy to use. You can make all the operations with just a few clicks. Furthermore, it provides some tools to help you adjust your transaction’s options as you please.
- Meta Trader 4. This platform is one of the most popular trading interfaces in the world. It offers fast execution time as well as a complete set of operational tools. Moreover, it shows easy-to-read charts and other analytical features. Even though all options are personalized for every customer’s needs, the interface is well-designed and simple to use.
- MT4 Floating Spreads. A floating spread refers to the difference between the bidding amount and the offer. These type of indices are updated in real-time. Using this tool, you will have the opportunity to trade on more than just one online interface. You will have access to Forex, Stocks, Commodities, and more. It can help you maximize your returns on investments. It is a powerful tool that offers plenty of flexibility. Moreover, using this platform will make you create stronger and more efficient strategies. This way, you will achieve your trading goals.
- Mac Trading. This is a Java-based platform that ensures short execution times. You can even receive real-time quotes as well as live charts. All the options are available for every interested trader.
- Web Trading. You can handle all your trading operations without being required to be connected to a home computer. As a matter of fact, all the Avatrade’s features can be accessed from any web-based device.
- Mobile Trading. You can enter on all of Avatrade’s platforms even when you are on the road, by simply pushing a couple of buttons on your mobile. Furthermore, all Avatrade websites and interfaces are mobile-friendly.
Avatrade offers many perks to its clients, especially to its new customers.
The sign-up bonuses that Avatrade provides its customers vary from a minimum of 125 dollars to 10,000 dollars. However, the bonus level is closely related to the amount of the deposited money. Deposits vary from 250 dollars to 50,000 dollars.
Avatrade Minimum Deposit and Minimum Trade
The minimum deposit required by Avatrade is 100 dollars. Furthermore, they offer bonuses up to 100%. However, there is an exception. In the case in which you use a third party system, you should contact your account manager to give you more details about the minimum deposit. The minimum trade level is 5,000 units.
The minimum deposit option was specially created for the new traders so that they can start their activity even when they don’t dispose of big capital. Even if you only provide a minimum deposit, you will still be entitled to receive a welcome bonus. However, the amount of 100 dollars represents the minimum deposit for the standard account type.
Transactions can be made through bank wires, e-wallets like PayPal, and a few clients can use credit cards. Avatrade gives you the opportunity to deposit or withdraw as many times as you want. There are no restrictions. Furthermore, the company doesn’t charge these operations. There aren’t any additional fees.
There are some steps you need to follow to withdraw money successfully from your account:
- First, you need to log in to the company’s website and click on the “My Account” button.
- Choose the “withdrawal” option.
- Read the instructions provided on that specific page.
- Complete the necessary form, then press the “print preview” button.
- After printing the form, sign it, and then submit it to the company’s email address. Another way to do this is by simply uploading the form on the Avatrade website.
Avatrade Binary Options Types
Avatrade offer three main type of binary options:
- One click. This is a plugin that not only extends the abilities of the Meta Trader 4 interface, but it also simplifies the overall trading process. The one click application is easy to download. You just have to install the trading terminal folder.
- 60 seconds. With this method, you can make profits in just one minute. It offers you the possibility to open or close the trade in only 60 seconds. It is one of the fastest methods to operate online trading.
- Trading 24/5. This method is available only with AvaOptions. With this solution, you will no longer be bounded by timetables. You will be able to make trades 24/5.
The company released a mobile phone app that will make your trades a lot more comfortable. You can open or close trades even when you are on the road. The app is free for download and provides more than 200 tools on your smartphone.
Opening an Avatrade account on your phone can get you huge bonuses, even up to 10,000 dollars. There are two types of apps that Avatrade created. One is available on Android devices, and the other one can be downloaded on iPhones.
The Avatrade app comes with many features such as touch trading, interactive charts, account management services, and more. The apps were customized for two of the company’s platforms: Avatrader and MetaTrader 4.
The company offers its customers complete customer care service, available in multiple languages. Furthermore, the help desk department can be contacted 24/7. They are known for their fast responses when it comes to their clients’ complaints.
You can submit a complaint on their website or by sending them an email. However, make sure that you read all the terms and conditions before actually filing one.
Is Avatrade Legit or Scam?
Avatrade is entirely legit. It is a well-known and reliable trading company. Furthermore, it has attracted thousands of clients over the years, and it has a long history and tradition on the forex market.
Many people choose a regulated broker because they want to make sure all their transactions are 100% safe. The risks appear only when it comes to the market’s changes, but not in the way your trading is operated. However, you should always carefully read the contract and all the terms under which the trading is done.
Avatrade Pros and Cons
We wanted to offer you as many details as possible in this Avatrade review. This is why, after describing the way it works and all the options of this trading tool, we will know make a concise description of all the pros and cons of this software.
- The program has bonuses and perks that appeal customers.
- It has comprehensive learning tutorials and resources.
- Avatrade offers fixed and floating spreads.
- It has a 24/7 help desk service.
- Its website is easy-to-use and available in many different languages.
- You can choose from multiple accounts. Furthermore, the program has a demo type of account where no risks are involved.
- Working with a reputable and trustworthy broker.
- The platform has personalized and flexible trading tools.
- The smallest deposit is 100 dollars.
- It provides all kind of charts and market analysis.
- You can choose from a wide range of trading platforms.
It wasn’t easy to find specific cons of the way this program works. However, we managed to come up with a couple of disadvantages:
- The software provides only one type of standard account.
- The withdrawal process can take longer than expected.
Successfully Trading with Avatrade
As you could see while reading this Avatrade review, our intent was to be as objective as possible, highlighting both positive and negative features of this trading software. However, there aren’t many things to complain about when it comes to Avatrade.
The company chooses to act responsible and transparent with its customers. Therefore, you do not have to worry about your transactions’ security level. Moreover, the platform covers both small and big trades. Avatrade provides its clients with a wide range of available assets, which is a key differentiator among its competitors.