Online trading has been widely accepted by investors throughout the world. A trading company needs to be versatile with the products they choose to trade. AvaTrade is a company that offers a multitude of investment options to the savvy investor. We will recap one such review of AvaTrade performed by Investopedia, a leading source in financial content. Before this, let’s take a look at Avatrade, the online platform.
AvaTrade is a online exchange platform based out of the European Union (EU) that allows trading with Forex, CFD’s, spreads and social trading. AvaTrade is licensed by the Australian Securities and Investments Commission. AvaTrade is regulated by the Bank of Ireland, ASiC, FSA, FSB and BVI. They have been in business since 2006 and have their headquarters in the British Virgin Islands. Their mission is to empower people to trade with confidence. They boast to put customers first and center their efforts to enable traders of all levels to unleash their potential.
For 12 years, they have proven themselves as a major player in the online financial world by offering the following: a) Over 250 instruments to trade; b) Web-based applications for tablet, mobile apps and traditional desktop systems; c) A range of automated trading options and MQL5 compatibility; d) Fixed and floating spread accounts; e) Investors funds are held in separate accounts for added security; and f) Availability in world key markets such as Europe, Australia, Japan, British Virgin Islands and South Africa.
Investopedia lists some of the pros and cons of AvaTrade. Some of the pros include: a) Breadth of trading products; b) Variety of platform choices; and c) Negative balance protection. Some of the cons include: a) No volume discounts; b) Slow withdrawal processing; and c) No emergency stop loss.
AvaTrade was ranked among five different categories from one to five stars as follows: a) Products and Fees: 4.3; b) Trust: 3.3; c) Special Features: 4.0; d) Desktop Experience: 4.5; e) Mobile Experience: 4.2; f) Customer Support: 3.1; g) Research & Insights: 5.0; and h) Education: 4.0. Investopedia gave AvaTrade an overall rank of 4.0 stars.