AvaTrade
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User Review
4 (1 vote)

Summary

AvaTrade offers a wide range of platforms, diverse trading instruments and high-quality customer support. The online broker was established in 2006 and now serves more than 200,000 traders from different parts of the world. Their global customer base place over 2 million trades every month.

Pros

• Wide Range of Choic
• Excellent Customer Support
• Security
• Multiple Industry Awards

Cons

• No promotions and bonuses

The following are some of the best features of AvaTrade.com:

  1. Wide Range of Choice – AvaTrade was one of the first forex brokers to launch CFD trading on stocks, indices, and commodities as well as digital currency trading.
  2. Excellent Customer Support – AvaTrade.com offers 24/5 customer support in 14 languages. When clients deposit at least $1000 in their accounts, they will get a dedicated account manager who will guide them when they buy their first traders. These account managers also show clients how to use their trading platforms and provide valuable information on market matters. Moreover, customer support is available through email, live chat, and phone.
  3. Security – The trading environment is 100% safe and secure as AvaTrade is licensed and regulated in five jurisdictions—South Africa, Australia, Japan, British Virgin Islands, South Africa, and EU.
  4. Sponsorship – AvaTrade is the official partner of Manchester City Premier League Champions 2017/2018. According to its website, AvaTrade shares qualities such as innovation, passion for success, and integrity with Manchester City.
  5. Multiple Industry Awards – AvaTrade is the recipient of multiple industry awards such as the following:
  • com’s Best Trading Experience and Best Affiliate Programme Award (2017 – 18)
  • FXEmpire’s Best Forex Broker, Best Broker: Most Reliable, and Best Trading Experience Awards (2011 – 1017)
  • The European’s Best Forex Broker, Best Bitcoin CFD Trading Provider of the Year, and Best Affiliation Programme Awards (2014 – 2017)
  • Africa Expo Financial Awards Best Trade Execution (2016)
  • JFEX Awards’ Best Dealing Room and Best Affiliate Programme (2014 – 2017)
  1. AvaTrade’s Affiliate Program – AvaTrade has 70,000+ affiliate partners in 150+ countries. The advantages of joining this program are many:
  • So far, AvaTrade.com has paid more than $250,000,000 in commissions
  • Flexible commission structures and tailor-made deals
  • Innovative marketing strategies to drive quality traffic and deliver better rates of conversion
  • Fast payouts

Why South African Traders Should Choose AvaTrade

Why choose AvaTrade

South African investors should trade on AvaTrade for the following reasons:

  • Trade more than 250 instruments such as cryptocurrencies, forex, indices, commodities, and stocks
  • Trade on browser, mobile, tablet, and desktop on AvaTradeGo and MetaTrader4 platforms
  • Competitive spreads
  • Compatibility with EA
  • Wide range of automated trading platforms
  • Maintains client funds in segregated accounts
  • Regulated in Australia, British Virgin Islands, South Africa, and Europe
  • Support for 20+ languages

Is AvaTrade Reliable FX Broker?

Is AvaTrade Reliable FX Broker?

AvaTrade.com has regulatory licenses from five continents, as follows, and offices in different parts of the world.

  • Friedberg Direct – IIROC (Investment Industry Regulatory Organization of Canada)
  • Central Bank of Ireland
  • Financial Services Agency Japan (FSA)
  • The Financial Futures Association of Japan (FFAJ)
  • British Virgin Islands Financial Services Commission (BVI)
  • Financial Sector Conduct Authority (FSCA) of South Africa
  • Australian Securities and Investments Commission (ASIC)

AvaTrade.com clearly mentions its contact details on its website. Traders can get in touch with the FX & CFD broker using the following methods:

  • Email – Clients can use the online contact form to contact the online broker.
  • Worldwide Phone Numbers – AvaTrade.com has phone numbers for different parts of the world. While South Africans can use the number +27(0)10-023-0240, Nigerians can use the number +234-70-2651-2651.
  • Live Chat – Customers can also launch the live chat window to instantly connect with a customer care representative.
  • Social Interaction – AvaTrade.com encourages social interaction through its accounts on the social networking sites Facebook, Instagram, Twitter, and YouTube.

How to Get Started at AvaTrade

How to Get Started at AvaTrade

Opening an account, demo or live, is quite simple at AvaTrade.com. Click on the Register button or the Open Demo Account link to go to the online registration form. If you have a Facebook or Google account, you can log in to AvaTrade.com using those accounts.

Otherwise, you can just provide details such as your name, email, and phone number, check the box against the declaration that you would like to receive special promotions, newsletters, and market updates, and then click on the Create Account button.

If you are a Muslim trader who follows Sharia law, you can open an Islamic account on AvaTrade.com. This type of account is the same as any other type of account at AvaTrade.com except that it does not receive any interest or special fees.

Trading Instruments

Trading Instruments

AvaTrade offers forex and CFD trading along with cryptocurrencies trading. The following is a list of available trading instruments:

  • Forex Trading – Traders can choose from 50+ pairs of currencies, including exotic, minor, and major currency pairs. They can enjoy benefits such as competitive spreads, leverage of up to 400:1, and 24/5 live support in multiple languages.
  • CFD Trading – AvaTrade offers a wide range of CFD instruments such as indices, trade commodities, stocks, bonds, ETFs, and cryptocurrencies such as Ethereum and Bitcoin. Leverage of up to 400:1 is available on a variety of CFDs.
  • Cryptocurrencies – Start trading cryptocurrencies such as Bitcoin, Stellar, Bitcoin Cash, Bitcoin Gold, Ripple, Ethereum, Litecoin, EOS, and Dash for a minimum of $100. Enjoy leverage of up to 20:1, charts, and live quotes and choose from powerful trading platforms.

Trading Platforms

Depending on their trading goals and trading styles, clients can choose from the following trading platforms at AvaTrade.com:

MetaTrader 4

AvaTrade MT4

You can download MetaTrader 4 for desktop, iOS, and Android. Or you can use the MetaTrader 4 WebTrader to trade on your browser without having to download any software.

The MT4 platform comes with the following features:

  • Fast and flexible trading platform
  • Trading signals from the best providers
  • Expert advisors (EAs)
  • Analytic abilities
  • Guardian Angel – a feedback tool that helps traders make better decisions

AvaOptions

AvaOptions

AvaOptions is a powerful and professional desktop trading platform for options trading. It comes with the following features:

  • Trade 40+ currency pairs
  • Risk management tools
  • Complete money management features
  • Customizable interface

Trade on the Go

AvaTradeGO enables customers to trade on their mobile devices any time and from anywhere in the world. They can download the mobile trading app on Google Play or Apple Store. AvaTradeGO comes with the following features:

  • Social trends and real-time feeds are sent directly to clients’ phones
  • Advanced, intuitive, and user friendly home screen
  • Zoom in to view details and manage charts
  • Manage multiple MT4 accounts on a single control panel

Mac Trading

AvaTrade on mac

AvaTrade.com offers MT4 for Mac trading, which comes with the following features:

  • Complete range of order types, including trailing stops and pending orders
  • Automated trading strategies with complete EA compatibility
  • Trade commodities, forex, ETFs, stocks, and indices with up to 400:1 leverage
  • Over 30 analytical tools
  • Multiple charting options
  • Download MT4 for iPhone and iPad

AvaTrade Web Trading

AvaTrade web platform

Clients can trade right on their browser with MT4 Web Trading and AvaOptions Web Trading without having to download any software.

Automated Trading

AvaTrade.com’s automated trading platforms allow traders to copy the trades of successful traders. They can choose from two types of automated trading platforms:

  • DupliTrade – DupliTrade is an automated trading platform that is compatible with MT4. It enables customers to follow successful traders’ strategies and signals in real time. It has a user friendly interface, which makes it easy for clients to build and manage trading portfolios.
  • ZuluTrade – ZuluTrade is among the most popular auto trading platforms in the industry. It converts recommendations made by experienced traders and automatically executes trades.

Features that Make AvaTrade Different from Other Brokers

There are several features that place AvaTrade.com in a class of its own, and here are details of some of these features:

  • Get Trading Info – You can get important trading info such as trading conditions, analysis, holiday hours, autochartist, financial instruments, trading calculator, and CFD rollovers with just a click of your mouse.
  • Get Educated – AvaTrade.com offers several educational resources for new as well as existing customers. Accordingly, traders can check out educational tools such as eBooks, economic indicators, blog posts, Sharp Trader, videos, and trading for beginners.
  • Sharp Trader – Sharp Trader is an educational tool that improves trading knowledge and skills. It comes with the following features:
    • Analytical tools
    • Daily fundamental and technical analysis
    • Informational videos
    • Trading tools such as trading platforms, economic calendar, calculators, and so on

AvaTrade FAQs

AvaTrade FAQs

Q1: What should I do if I have questions?

A: AvaTrade continuously updates its training section to ensure that clients can easily find answers to their questions. Alternatively, you can get in touch with a customer support agent or account manager. You can also use Sharp Trader to get the training you require.

Q2: I have a complaint. What should I do?

A: If you are unhappy with the services provided by AvaTrade.com, you can contact a customer support agent. If you are still not satisfied and would like to complain in a formal manner, you can send an email to [email protected]

While making a complaint, you should mention as many details as you can and include your account number and full name so that the broker can help you.

Q3: Is it possible for my account to go into negative balance?

A: At AvaTrade.com, you can lose exactly as much as you have in your account, not more. In case your account goes into negative balance because of an unpredictable market movement, the FX broker will refund clients through a “negative balance adjustment.”

Q4: Does AvaTrade.com offer any bonuses?

A: Every now and then, AvaTrade.com welcomes new clients with bonus offers. However, existing clients can also contact their account managers to find out if they are eligible for any bonus offer. Traders can also send an email to customer support to get details of available bonuses, if any.

Q5: What happens to my account if I leave it inactive?

A: If you leave your account inactive for three successive months, the CFD & Forex broker will deduct $/€/£50 per month as inactivity fees.

Our Take on AvaTrade.com

AvaTrade is the safest and most secure platform for online trading, considering the fact that it is licensed in five jurisdictions. We haven’t come across any complaints about Ava Trade.

Also, the broker has an excellent customer support service and unique training tools such as Sharp Trader, which trains new clients for any unpredictable developments in the market. You can choose from a wide range of automated, mobile, download, and browser-based platforms according to your personal requirements.

We suggest that you get started with a demo account, check out the training tools and resources, and migrate to a live account only when you are confident about your trading skills.

AvaTrade #1 Review 2019: Is AvaTrade regulated in South Africa?
The following are some of the best features of AvaTrade.com: Wide Range of Choice - AvaTrade was one of the first forex brokers to launch CFD trading on st
Editor's Rating:
5