Advantages:
One of the biggest advantages of this forex broker is the fact that it offers so many different markets to trade in. It allows you to trade commodities, Forex, indices, stocks, Bitcoin, Litecoin, and Treasuries. Because of this, a trader has the advantage of being able to spread their trading capital across a diverse array of assets from one platform.
Disadvantages:
At the end of the day, the biggest problem with this broker is the fact that they do not take US clients. However, if you are anywhere else in the world, you will find this to be an excellent company with which place your trades.
Introduction:
AvaTrade was founded in 2006 as AvaFX. They have been one the largest forex brokers around the world since then, and are regulated in several different countries. Because of this, this broker is one of the favored places to trade by many professionals around the world. The variety of markets is truly astonishing, and the fact that they are regulated in several different countries also allows the trader to breathe easy when it comes to figuring out whether or not their funds are safe.
On top of that, the fact that you are treating CFD’s instead of actual underlying instruments allows you to do things like place stock trades in the middle of the night. This offers a huge advantage over traditional stock trading, and also allows the trader to step into the futures markets with very customizable position size as you are not trading an actual futures contract.
All said, AvaTrade is one of our favorites.
Trading platform:
MetaTrader4 is probably the most common trading platform to use in the world. They do offer it, as well as a couple of other proprietary platforms as well. There is a web based platform, as well as an automated trading platform. They have a specific platform for options as well, so there is a significant amount of options available.
Features:
While not only featuring the vast array of financial markets, regulatory safety, and liquidity, this company also offer significant education, including video tutorials and webinars. There is also market analysis available from professionals, as well as audio commentary. In other words, there are plenty of ways to learn or figure out how to treat the markets at the website. They also offer bonuses on new accounts, but you will have to look at the website to see with the latest promotion is.
Bitcoin Trading:
Bitcoin and Litecoin both are tradable assets at AvaTrade, and are easy to access as they are available in all trading platforms. Further, you have the ability to trade as much or as little as you want.
Customer service:
Customer service is available in various countries around the world with different telephone numbers. You can also chat live on the website as well as send an email. With numbers in every corner of the globe, there’s almost always somebody, somewhere to whom you can speak. Customer service is available in several different languages as well.
Usability:
Usability is paramount with a brokerage firm, and with the plethora of trading platforms and the massive amount of news and commentary that you can get on the site, we find that AvaTrade is very simple to use in general, and both beginner and professional alike will be well served.
Closing thoughts:
We really like this brokerage firm. There is a reason it has grown so rapidly since 2006, and that can be seen almost immediately by looking around the website. We believe that the sheer volume of trading that this brokerage firm accommodates helps the average trader in the sense that they realize there is more than enough liquidity and financial backing at this firm in order to facilitate any trading that they would do.
With the massive amount of markets available, this is probably one of the best, if not the best “all-around broker” in the world right now.
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