AvaTrade Review

TopOption Review

Deposit: $100
Payout: 85%
Max Bonus: $2,500

Previously known as AvaFX, this broker was first founded in 2006. Later on, it emerged with the new name AvaTrade under a different branding strategy. This was done as a reaction to the fluctuations that exist in the forex market. Today, AvaTrade offers a lot more to traders than just average services. They have significantly expanded their range and now include a variety of financial instruments in the form of commodities, stocks, indices and so on.

Operating in numerous regions around the world, AvaTrade are hoping to take maximum share in the forex market. Being one of the best brokers out there, they have achieved this to quite some extent.

Here is a quick review of AvaTrade

Key Highlights

  • Plenty of attractive bonuses
  • Offers a variety of trading contests
  • A quality educational portal
  • Accounts variety

The Trading Platform

AvaTrade offers several different trading platforms to choose from when compared to other brokers. Among the wide range, they also have their own platform by the name of AvaTrader. Whether you are an amateur or a pro, the trading platform is a great choice because of its interface, charting and easy – to – use features.

Another choice offered by this broker is the MetaTrader4, which is already very popular in the forex market. Portraying great functionality, it allows you to utilize automated trading while using the advice of industry experts. Please note that limits are applicable only to arbitrage EA’s. Other than this, you can use the Expert Advisors feature unlimited times.

AvaTrade also have a web platform, which permits you to make your trades from even those computers on which no software has been installed. Additionally, you can also utilize mobile trading and social trading to enjoy even more advantages.

Main Features

Just like every other forex broker out there, AvaTrade also offers several features. The broker provides traders with free educational tools in the form of ebooks and webinars. Moreover, you can also view live news through your trading platform, and accordingly open or close your positions.

Compared to other brokers, AvaTrade has more options. You can use an Ava debit card and you can enjoy free withdrawals as well. The only issue is that you would have to do this within 5 days, but other features compensate for this.

Bonuses

AvaTrade offers a variety of bonuses to traders that help it gain a competitive edge in the market. If you deposit specific amounts, you can enjoy these bonuses. For instance a deposit of $100 provides you with $50 extra and $1200 provide you with additional $10000.

The only issue is that all bonuses require a certain trade volume. Generally, for a $1, the volume is 10,000, which is quite high for amateur traders or those who are using this broker for the first time. Moreover, if you use Currensee or Avondo, then also the bonus will not be applicable.

Pros

  • You can participate in numerous trading contests to win big amounts
  • There are several types of accounts such as segregated account, managed account and Islamic account
  • There are no charges for a demo account so practice you trading style as much as you want
  • You can utilize a wide range of trading tools to your advantage
  • The spreads and deposits amounts are low when compared to other brokers
  • You can trade using a large range of assets

Cons

  • Processing is slow at times or experiences delays
  • Documents have to be sent through postal mail
  • There are no charting packages

The Bottom Line

AvaTrade is a name that stands out in the forex world because of the high quality of offered services. Sign up with them, and you can avail so many benefits that can take your trading experience to an entire different level. Even if you are not sure of how things are handled in this industry, just utilize a free demo account and become a maestro. All this makes AvaTrade one of the most highly preferable binary options brokers out there.

AvaTrade at a Glance

Minimum Deposit Amount

$100

Markets

Forex, gold, silver, indices, metals, energies, bonds

Assets

60

Margin call

10%

Stop out call

10%

Deposit Currency

Australian dollars, Japanese Yen, Euro

Deposit Bonuses

Yes