AvaTrade is one of the largest Forex brokers based in the heart of Europe and part of the “Ava-Group”. It’s highly likely that you ever heard of one of these “Ava-Brands” before. AvaTrade is a broker with increasing popularity especially in Europe and thanks to the Metatrader support it’s a broker for advanced and professional traders. All trader funds are located in the Commerzbank in Frankfurt, Germany. This broker also helps novice traders with a personal assistant, free webinars and market reports. That’s why AvaTrade is a good choice for novice traders and professionals alike and the reason why we highly recommend this broker.
Platform and Software
AvaTrade offers its own webtrader platform called AvaJava. This one is pretty simple and nothing fancy but when you compare this platform with eToro or Plus500 it will disappoint you a bit. These two brokers put everything into their platform and to AvaTrade it’s just an addition and you see that they focus on their Metatrader platform.
But Metatrader is a good argument because it’s the most popular and best known trading platform with lots of advantages. Lots of advanced and professional traders make use of this platform and can’t even imagine to use another one. This shows the importance of Metatrader to a lot of traders!
When it comes to mobile trading, this broker offers AvaJava and Metatrader support for iPhone and Android. For Windows Mobile, Blackberry and Symbian phones you can “only” use the Metatrader 4 mobile platform. Something that is unique and distinguishes this broker from others are free trading signals and news that are being sent by push notifications to mobile phones.
Bonus and accounts
Like most other brokers there are different accounts at AvaTrade like Silver, Gold, Platinum and VIP. What account you’re allowed to use depends on your first deposit amount. You will get a silver account when you make your minimum deposit of $100 and a $50 bonus on top – this ratio is very good in comparison to other Forex brokers. If you don’t want to deposit a fortune but still get a decent bonus, this is your offer! You will become a gold trader when you deposit $1.000 and then you’ll receive a $150 bonus. As Platinum trader you will receive a 10% bonus but you also have to deposit $10.000 and more.
Deposit and Withdrawal
Both deposit and withdrawal are important for Forex traders. Without a deposit you won’t be able to make any trades and without a cashout you won’t profit from your earnings. Luckily AvaTrade offers a broad selection of deposit methods like wire transfer, credit cards (Mastercard and Visa), Paypal, Skrill (Moneybookers), Neteller and Webmoney. Even Paypal clients are able to make their deposit as you can see.
Currency pairs: 44
Spread: 3 Pips EUR/USD
Max. leverage: 200:1
Min. Margin: 0,50%
There are good reasons why Ava FX is getting more and more popular amongst Forex traders. Advanced traders love their Metatrader support but also novice traders will get their money’s worth thanks to great support with webinars or personal assistants. Overall Ava FX is a broker that is better suited for advanced traders and professionals because of their great support, their Metatrader platform and a safe care of their trading funds.