With cryptocurrencies becoming one of the hottest trading instruments in the market, it is not surprising that a greater number of people are looking to invest in this space. This has led to high demand for cryptocurrency brokers, which are platforms established primarily for the purpose of trading these virtual currencies. Just run a Google search and you will be overwhelmed by the sheer number of brokers that exist in the market. AvaTrade is one of the options you will discover and checking out this AvaTrade review can help you learn more about it.
Having its headquarters in Ireland, AvaTrade has grown into one of the most well-known and trusted brokers in the world. You will find that it offers a wide range of trading platforms to its clients and has a number of other offerings that add to its appeal. Let’s find out everything you should know about AvaTrade before signing up:
Regulation and Security
The regulatory status of a broker can alleviate a number of concerns and you will be pleased to discover that AvaTrade is one of the well-regulated platforms in the market. This limits the potential of malpractice and fraud significantly. The broker is regulated by a total of seven entities, which includes some of the top regulators in the world. It is regulated in Ireland, South Africa, Japan, Australia, Israel, the British Virgin Islands and United Arab Emirates.
Thus, it is easy to conclude that the regulatory environment AvaTrade offers is outstanding. The broker offers negative balance protection and also keeps client deposits segregated from corporate funds. An investor compensation fund is also maintained in select jurisdictions.
The assets that you will find at your disposal when you decide to sign up with AvaTrade is also another appealing feature of the brokerage. They have put together a total of 55 currency pairs, 27 commodities, 16 cryptocurrency pairs and 31 index CFDs. If you are an equity trader, then you will have 58 ETFs, two bond CFDs, 44 options and 614 assets to choose from. The asset list is quite well-balanced and the trading instruments are such that they suit all kinds of traders.
A unique feature that you will come across at AvaTrade is that it offers the same trading account to every trader. Yes, there is a professional account that you will find, but its criteria is a little tough and not that easy to meet for every trader. The minimum deposit that you have to make at AvaTrade is $100, which is quite reasonable and ensures that people can sign up easily on the platform. As far as the available leverage is concerned, it depends on the jurisdiction you are trading from, but it usually ranges between 1:30 and 1:400 for retail traders.
A demo account is also offered by AvaTrade to its clients, but you will only be able to access it for 21 days. You can also get in touch with customer support for extending the trial. There is no doubt that this demo account can be very useful because it allows traders to test their strategies as well as algorithmic trading solutions.
One of the most prominent offerings of AvaTrade are the MT4/MT5 trading platforms, which are renowned in the financial markets as the top platforms that exist. They are regarded as leaders in algorithmic trading and you will also find a copy trading platform integrated with it. You can choose from the WebTrader, or go with mobile apps that are also available. They are also offering a social trading platform to their clients called Ava Social and you will also find AvaOptions, a platform that’s primarily designed for options trading.
You will also find great customer support available at AvaTrade through different channels, along with educational resources and trading tools that can come in handy for traders looking to profit from the financial markets.