Turning Your Life Savings Into Investment? An AvaTrade Review
Are you worried that the money you are saving is increasing at a very slow rate? Are you aware of the fact that the money you save today will be worth far less tomorrow due to inflation? There are many reasons why people choose to start trading. Regardless of what your reason is, the most important thing is to find the right trading platform. One of the best brokers to start your trading career with is AvaTrade. Let’s take a look at what makes AvaTrade a viable platform for traders.
An Overview of AvaTrade
AvaTrade is one of the oldest platforms providing CFDs trading online. They have been around for more than 10 years. When it comes to Forex brokers, they are on the list of some of the best around the globe. They have also earned the credit of offering trading options in cryptocurrencies. In addition to cryptocurrencies, the other markets available for traders include stocks, bonds, ETFs, commodities, indices, etc. They are Forex trading experts, offering a lot of education in this area and the many different platforms for trading. AvaTrade also happens to be an award winning broker offering trades through MetaTrader 4 and giving the auto-trading options to the traders too.
The Best Features of AvaTrade
While other brokers try to bring a lot of trading instruments at your disposal, AvaTrade goes the extra mile and brings a lot of trading platforms too. The best feature of AvaTrade includes the multiple platform offering. AvaTrade has the following platforms for its traders:
- AvaOptions (for options trading)
- Mobile Trading
- Web Trading
- Mac Trading
- Automated Trading (follow the best ones to gain the best profits)
- MetaTrader 4 (one of the most popular trading platforms in the world)
- AvaTradeGo (trading on the go)
Just like trading platforms, the broker is quite generous at training the new traders. Forex ebook, Sharp Trader, Trading Video Tutorials, and Trading for Beginners, are all various programs and ways AvaTrade provides trading knowledge to the newcomers. With AvaTrade, you have more than 250 instruments to choose from. Moreover, you can trade in cryptocurrencies as well, and they are available for you 24/7.
One of the unique features you will find on AvaTrading is the Islamic account. This goes to show that AvaTrade cares about its traders and has its outreach in all corners of the world. In addition to that, AvaTrade offers leverages of up to 400:1 to allow its traders to control large trades.
Biggest Benefits of Trading with AvaTrade
AvaTrade, without a doubt, is one of the best out there. The first benefit of trading with AvaTrade is the knowledge you will gain. If you are someone stepping in the trading world for the first time, you don’t have to go elsewhere for your training. Whether you want to trade in cryptocurrencies, Forex, indices, commodities, or stocks, AvaTrade has the training material to get you started.
Another huge benefit of AvaTrade is that they offer you tailored solutions based on your trading needs. A lot of the brokers ask you to choose from one of their ready-made accounts. That’s not the case with AvaTrade where you receive the type of attention you deserve. AvaTrade is generous with the various types of trading platforms it makes available to its traders.
Whether you want to sit in front of your personal computer or a MAC, you can choose the platform that has been specifically made for your device. If you are a busy person and want to trade on the go, AvaTradeGo is for you. They also let you use MetaTrader, which is the most popular platform for forex trading around the globe. Automated trading is one way for new traders to become big.
They can use this platform to copy the professional traders to increase the chances of profitable trades. And if you are interested in options trading or binary trading, AvaTrade has got AvaOptions for you. This is one broker who’s got something for everyone for real. AvaTrade also lets you choose between the pricing methods. You can choose whether you want the spreads to be fixed or floating.
Last but not least, their account managers cater to an international audience and that’s why they can provide you with their assistance in a dozen different languages.
Deposit and Withdrawal with AvaTrade
The minimum deposit with AvaTrade is $100. The broker has kept things simple by keeping 100 as the consistent deposit figure. What this means is that whether you are depositing money in US dollars, British Pounds or Euros, your deposit will have to be 100. You can use various e-payment services for depositing your funds in addition to wire transfers and credit cards. The various e-payments you can use include Neteller, Webmoney, and Skrill.
Your withdrawals can be done using the same methods as those used for depositing the money. However, the first withdrawal always goes back to the method you used for depositing the money. If you used a credit card for depositing funds in your account, your first withdrawal will have to go on your credit card. Moreover, the amount you withdraw must be 200% of what you had deposited.
AvaTrade Customer Support
AvaTrade takes the cake when it comes to customer support. They have a page dedicated to phone numbers that people from various countries can use to contact AvaTrade. In addition to that, they have live chat feature on the website for instant answers. They also take emails but responses to emails can take time because the broker has traders all around the world. They do have an international number available as well. However, their customer support is available 24/5, not 24/7.
Overall Rating of AvaTrade
Here is how we rate AvaTrade and its various offerings:
- Trading Instruments – 10/10
- Withdrawals/deposits – 10/10
- Customer Support – 10/10
- Mobile Trading – 10/10
- Overall Rating – 10/10
When you look at these aspects, you can’t find a flaw in AvaTrade’s approach, especially when you compare it to other brokers.
AvaTrade cares about its traders and the broker also has great interest in technology. Its mobile-friendly trading platform as well as the automated trading platform is a proof of how it wants to be ahead of the competition by offering the best. When AvaTrade achieves the best, it is the traders that benefit eventually. There is a free demo available. It won’t be wrong to say that AvaTrade is one of the safest online brokers for new traders to start with.
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