AvaTrade is the perfect option for forex and CFD trading online. The broker offers you to choose among the web, desktop, and app platforms.
- Licenced and regulated
- Different platforms
- Wide variety of assets to choose
- Good educational materials
- Presence of hidden fees
- high spreads on some assets
AvaTrade is an online currency trading (forex) and Contract for Differences (CFD) broker, headquartered in Dublin, Ireland. Through its online trading platform and mobile apps, the company offers trading in a wide variety of markets, including forex, commodities, indices, stocks, ETFs, bitcoin, and more.
The minimum required amount to open an account is $100 or £72. It’s a great option for beginners. Moreover, the broker offers up-to-date educational materials and the ability to develop your trading skills.
AvaTrade – Who Are They?
AvaTrade was founded in 2006 as Ava FX by Emanuel Kronitz, Negev Nosatzki, and Clal Finance. Kronitz and Nosatzki led the AvaGroup, a group of finance professionals who wanted to create a customer service-centric forex broker.
In 2013, Ava FX changed its name to AvaTrade to reflect the company’s expansion beyond its forex brokerage services, which now span across a variety of financial services, including stocks, indices (including Dow Jones and Standard & Poor’s), commodities, and government bonds.
In 2013, AvaTrade had over 200,000 registered customer accounts in over 160 countries and executed over 2 million trades per month.
Today, AvaTrade is an advanced platform, with a user-friendly and clean design. The broker allows its users to get access to copy and social trading. Moreover, the AutoChartist plug-in for Metatrader offers technical functionality. All of this is available for traders with no less than $500 or £362 in their account.
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Our Opinion About AvaTrade
AvaTrade is a fantastic online broker that is great for all levels of traders looking to trade forex and CFDs. The broker offers first-class platforms and a user-friendly online trading application.
This broker is fully regulated and is the official sponsor of Manchester City, which signifies how serious and trustworthy they are. Moreover, the registration process for AvaTrade is much easier than that of many other brokers. You can use your Facebook or Google account to register, for example, which is much faster and more convenient than others.
Today, AvaTrade is open to the whole world, but their main market is Europe.