Daily Forex recently completed a review of AvaTrade, a company that was founded in 2006. They are a global leader among Forex brokers and have offices in several nations. They offer four levels of accounts to their customers which are silver, gold, platinum, and Ava Select. The minimum deposit starts at $100 for a silver account and for an Ava Select account it is $100,000.
The reviewer enjoyed the fact that AvaTrade offers a 21-day demo account so that new users can decide if they want to become customers of this company. The review says this company was one of the pioneers when it comes to offering CFD (Contract For Trade) trading on stocks, commodities, and indices. They were also one of the first to allow traders to get involved in Bitcoin which was the first cryptocurrency. What the reviewer really likes is that he could see this company offered 100% transparency on trading conditions.
Another thing that the reviewer liked about AvaTrade was that this company offers a lot of educational opportunities to traders. This includes online courses customers can go through, from novice to veterans of Forex trading, live webinars, daily analysis of markets, and an ebook called “Forex Trading Strategies”. They teach their customers how to spot trends and make money from them.
AvaTrade is headquartered in Ireland. They offer traders over 250 instruments to trade. Their software can be used on desktops, tablets, and mobile systems and they also offer an entirely web-based trading platform. These online trading platforms are MetaTrader 4 and AvaTradeGO. They also offer a number of automated trading platforms that their customers have access to. In order to increase security, AvaTrade holds their client’s funds in segregated accounts.
The way AvaTrade makes money is by taking a fee from the spread on any transaction, like many other brokers do. The fees range from 1.9 PIPS for a Euro/US dollar trade to 2.4 PIPS on a British pound/US dollar trade when it comes to Forex trading. For those interested in trading bitcoin the fee is 25.0 PTS and for trading gold it is 0.5 PTS.