Having established their trading platform online in 2006, Avatrade are now at the forefront of the Forex trading market in the UK. They have expanded considerably over the last 10 years and are now offering expert brokering services to more than 20 thousand investors who generate a monthly trading volume of around $60 billion. Avatrade’s headquarters are in Dublin in Ireland, and therefore they are subjected to the strictest European regulations, however they also have offices in 5 other major cities worldwide stretching from the USA to Australia, making it a truly global operation.
Which Trading Platforms are Offered by Avatrade?
Avatrade offers investors plenty of choice when it comes to the variety of trading platforms on offer. They have created their own online trading platform suited to the needs of both experienced and novice traders, packed with all the customisable tool, analytical indicators and other essential tools to gain a competitive edge. Their own platform can be accessed with all the top browsers including Firefox, Chrome and Internet Explorer and can also be used on a Mac computer.
Avatrade also offer the choice of the Meta Trader 4 platform, one of the most popular and well known trading platforms available. Fully customisable, this user friendly platform can even be accessed by newcomers to the money markets and offers a wide range of trading platforms from floating spreads to spread betting.
Which Account Types are Available?
As you would expect, Avatrade offer a demonstration account to anyone who would like to experiment with the trading platforms before opening a real account. They also offer four different account types suited to the differing needs of investors. A $100 minimum deposit allows novices to access the Silver basic level account with its inclusive access to mobile trading options and educational resources, while $1000 allows registration for a Gold account and $10,000 enables investors to open a Platinum account. Those who are at the highest level of experience and who can make a large deposit can open an Ava Select account by placing $100,000 in funds. This highest level account comes complete with a host of exclusive benefits including a dedicated senior account analyst and faster withdrawal times.
Other Useful Information About Avatrade
There is no commission or fees charged on any Avatrade financial transactions in common with other top UK Forex brokers.
There is the option to trade in more than 60 different pairs with Avatrade and also investors can branch out into a greater choice of other assets. These include commodities, precious metals, indices, bonds and stocks. The leverages that may be extended to investors differ but can be up to as much as 400:1 for the most proven traders.
Traders can deposit and withdraw funds via a number of different methods including the popular online methods like PayPal, Neteller, WebMoney and Skrill. They also offer the option of more traditional methods like credit and debit cards as well as bank wire transfers which is ideal for those who are looking to deposit large sums into their account.
Withdrawal of funds from trader accounts is not automatic and traders must manually complete an online withdrawal form in order to begin the withdrawal process. The request will be processed within 48 hours and then the cleared funds should show up in the investor’s account within 5 to 7 working days for the Silver, Gold or Platinum account holders. Those who have an Ava Select account can look forward to a faster turnaround time for their withdrawal as part of their exclusive service.
There are lots of good bonuses and incentives on offer for new registrations to Avatrade. When a new investor places funds into a new account they will receive an instant bonus credit of between $125 and $10,000 depending on how much money has been deposited.
Avatrade’s website allows access to a range of useful educational resources including helpful introductory videos that help those new to Forex trading to gain a grounding in the money markets and to obtain a competitive edge.
What is the Avatrade Customer Service Experience Like?
The Avatrade’s customer service team is exceptionally helpful and as they are multi-lingual it is easy to obtain the necessary assistance. They can be contacted via telephone, email or by the online chat facility 24 hour a day Monday to Friday although they cannot be accessed at weekends. With 11 different languages being spoken, queries can easily be answered.
Why Should I Choose Avatrade for Forex Trading?
Traders choosing Avatrade can expect to benefit from a number of advantages:
- There is a good choice of several different trading platforms that are easy to use and suited to all needs including the well known reliable platform Meta Trader 4
- Avatrade are a reliable and reputable broker covered by strict European regulations
- A variety of leverages are offered up to 400:1 dependent on account
- The website offers a good range of online educational resources that are helpful for novice investors
- A high quality multi-lingual customer service during the working week is contactable through many methods including online chat, telephone and email
- A choice of methods is on offer for deposit and withdrawal of funds including online methods like PayPal
- 60 different currency pairs are on offer and a comprehensive range of tradable assets can also be traded
Traders should be aware however that there are some negative points:
- No customer support service is available during the weekends
- Withdrawal is not automatic and can take up to 7 working days
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