AvaTrade is one of the leading forex brokers in the world. The company was started in 2006 and has offices in different parts of the world including New York, Dublin, Tokyo Milan and other locations across the world. The company is regulated and licensed by major European financial institutions such as the Central Bank of Ireland as well as MiFID. AvaTrade is also regulated by the Financial Services (FSC) of Japan, B.V.I Financial Services Commission and ASIC in Australia. AvaTrade has its headquarters in Dublin, Ireland.
Trading Accounts offered by AvaTrade
AvaTrade has several accounts that users can easily get started with. However, there is one standard account where a trader is required to deposit a minimum deposit of $100. AvaTrade also provides both variable spreads beginning from 0.9 pips. Compared to other online forex brokers, AvaTrade offers the most competitive spreads. Other orders available on the AvaTrade platform include Limit orders, Entry Limits, market orders, Entry stops among others.
As a trader in AvaTrade, your funds are held in separate account for security purposes. Considering the high number of forex brokers online, most people are always are cautious while making transactions. Hedging is often allowed in spread betting and is tax-free. It is important to note that spread betting is exclusively available for Traders in the UK and Ireland.
AvaTrade was one of the first forex brokers to start CFD trading on stocks, commodities, and indices. Besides, it was also the first forex broker to introduce currency trading on its platform hence making it possible for retail traders top easily access the Bitcoin market. From our AvaTrade review research, AvaTrade is one of the most transparent forex brokers in the world when it comes to how it handles its users. The fact that the company is regulated by major European financial institutions such as the Central Bank of Ireland makes it even more credible.
Education & Bonuses
The company has a generous deposit of about $40 for new clients opening accounts at AvaTrade with a deposit of $200 and above. In addition, AvaTrade also offers online courses to its traders in order to familiarize with forex trading.