Reviewing AvaTrade – Is it a legit Forex broker?

Created in 2006, AvaTrade is one of the best-known Forex brokers around the world. Over the last 15 years, the broker was able to prove over and over again that it is capable of offering traders safe, secure, and trustworthy services. Because of the services that it offers to traders, AvaTrade has been named as leading online brokerage company many times.

The Forex broker offers traders access to over 1250 trading assets, creating a very diverse environment for traders with any interest. The Forex broker is licensed by several regulatory agencies around the world, which makes it a very safe broker. It owns licenses from a number of jurisdictions, which includes Europe, Asia, Africa, and so on.

But, this is not all. There are many other things that you should know about AvaTrade. So, follow our comprehensive review of AvaTrade and see what this broker really has to offer.

Heavily regulated Forex broker

There are many things that you should keep in mind while looking for a Forex broker to trade with. However, no matter what you do, your top priority should always be the safety and security of your funds. There are several things that you can do to make sure that you are staying safe at all times, but one thing that seems to be working the best is only trusting regulated Forex brokers.

There are several regulatory agencies that license AvaTrade, and this is creating a very safe environment. For AvaTrade, most of these licenses are absolutely vital for offering services in different jurisdictions. For example, to be able to offer services to European traders, AvaTrade had to be licensed by a European regulatory agency.

Thanks to the licenses from CySEC, which is the regulatory agency of Cyprus, and Ireland’s Central Bank, AvaTrade is able to offer European traders its services. Thanks to the local laws in the European Union, by owning a license from any EU-member state, brokers are able to offer their services to the whole region.

In addition to this, AvaTrade is also regulated by BVI Financial Services Commission, ASIC, FSCA of South Africa, Japan’s FSA and FFAJ, ADGM and FRSA, and Israel Securities Authority.

All of these licenses are making the services of the broker very safe and secure. Because the broker follows so many different regulatory frameworks, it is able to maintain the safety and security of its clients. There are many requirements that the broker has to follow, and it does so very strictly.

Reviewing AvaTrade – How are your funds kept safe?

There are many requirements that the Forex broker has because of the regulations that it follows. First of all, the broker is required to keep the funds of its clients on segregated bank accounts. It does so by partnering with leading banks around the world.

Account segregation is a very important policy that makes sure that the funds of traders are kept safe at all times. Thanks to account segregation, you can be sure that no matter what goes wrong, even if the broker goes bankrupt, you will still be able to withdraw your funds from your segregated bank account.

The leverage is restricted at the broker according to your location, for example, European traders can’t use leverage higher than 1:30. However, no matter where you are trading from, your safety is always guaranteed by negative balance protection. While trading with higher leverage, there are risks of losing more money than you have on your account.

Since the broker has adopted the Negative Balance Protection, you won’t have to worry about that. This protection is created to automatically close all of the open positions once your account balance nears zero so that you do not have to deal with a negative balance account. The broker also very strictly follows the KYC policy.

But, this is not all. There are many other requirements that the broker has to follow due to so many licenses. Thanks to this, AvaTrade review shows that it is a safe and secure broker.

Reviewing AvaTrade trading assets

There are more than 1250 trading assets available at this Forex broker, which gives you the ability to diversify your portfolio. In addition to Forex currency pairs, you can also trade the following assets at AvaTrade:

• Cryptocurrencies
• Stocks
• Indices
• Metals & Energies
• Bonds
• Commodities

The Forex broker offers traders access to the leading trading assets through some of the best trading platforms in the market. The broker offers you MetaTrader 4 and MetaTrader 5 trading platforms which are among the most used platforms in the market. This is especially true for MetaTrader 4, which is used by millions of Forex traders every single day.

First released back in 2005, MetaTrader 4 has forever changed the way people trade Forex. It has changed the way trading platforms work and has made it easier for traders to access the trading market. There are several different versions of MetaTrader 4 available at this Forex broker.

You can find regular downloadable versions as well as browser-based WebTrader. This WebTrader does not require to be downloaded and can be used directly from the browser. AvaTrade review shows that this broker also offers traders the Mac OS version of MT4.

Both MetaTrader 4 and MetaTrader 5 are known to be great platforms for charting and analysis. There are dozens of technical indicators offered to traders at MetaTrader 4 and MetaTrader 5, which can make trading much easier.

Mobile trading at AvaTrade

In recent years, mobile trading has become increasingly popular. There are several reasons for this, one of the biggest one being the fact that there are a lot of people who are constantly on the go. These people have the need to have access to the market even when they are away from their computers. For those people, AvaTrade offers mobile trading applications created for both iOS and Android devices.

Mobile trading has become more popular than ever before in recent years, making the market even more accessible for traders around the world.

Steps to start trading at AvaTrade

There are several steps that you have to take to get started at this Forex broker. First of all, before you go any further, you will need to create a live trading account. The Forex broker offers one regular trading account for every trader. This means that every single client of the broker is offered the same trading conditions.

Creating the live trading account is not that hard and takes only a few minutes. While registering at AvaTrade, you will have to provide basic information about yourself such as your name, last name, location, and so on.

However, you should also keep in mind that the broker strictly follows the KYC policy, which means that you will have to verify your identity. There are several things that you will have to do for this. You will have to provide the broker a copy of your ID or driver’s license as well as a copy of a utility bill from the last three months.

The Forex broker also offers traders a demo trading account. In the Forex trading market, demo trading is an amazing offering as it can be very helpful for beginner traders to learn more about trading and grow as traders. While using this account, you won’t be using your hard-earned money, which means that you can trade without worrying about losing your money.

Demo account can also be very helpful for experienced traders who want to try new strategies and see how they work for them.

Swap-Free account of AvaTrade reviewed

As we have already noted in the review, AvaTrade offers services to many different jurisdictions around the world. This also includes Muslim countries. To make sure that everyone can access the market no matter their religious beliefs, AvaTrade offers traders the Islamic trading account.

Also known as a swap-free account, an Islamic account offers those who follow the beliefs of the Quran the ability to trade Forex without disregarding their beliefs. This halal account does not require Islamic traders to pay swaps, because of this, this account is sometimes also called a swap-free account. As you might already know, according to the Sharia law of the Quran, it is restricted to pay or receive any type of interest.

Go professional with AvaTrade

As we were able to find out while reviewing AvaTrade, this broker also offers traders access to the professional trading account. This account is not for everyone, however, is it offers higher leverage and special services created for professional traders. To be able to create a professional account of AvaTrade, there are certain requirements that you have to meet.

The professional account of AvaTrade is full of amazing offerings and can be very helpful for highly skilled Forex traders.

Educational material of AvaTrade reviewed

AvaTrade offers traders very diverse and useful educational material. The special page at the broker’s website dedicated to the Forex trading education is full of very important information about Forex trading and can be very helpful for traders of all backgrounds. The broker offers traders special trading videos as well as e-books and detailed guides about Forex trading.

Can AvaTrade be trusted?

As we were able to tell after reviewing AvaTrade, it is one of the leading brokers online. The Forex broker has worked very hard to offer traders very competitive services, which includes generous leverage, tight spreads, and very low commissions. Because of the services that it offers to traders, AvaTrade has won several awards over the last few years. This broker offers traders access to more than 1250 trading assets through very popular trading platforms like MetaTrader 4 and MetaTrader 5.

Created in 2006, AvaTrade has managed to become one of the leaders in the Forex trading market. Because of the reasons discussed in our review of AvaTrade, we believe that this is a legit Forex broker and can be trusted by traders.