One of the hardest task in the trading career is choosing the right broker. A well reputed and professional broker can make a huge difference in your live trading performance. Professional traders always spend a considerable amount of time before picking any broker since they have perfect trading environment is extremely vital when it comes to financial instrument trading. But testing all the trading parameters of each broker is extremely difficult nowadays. But with the help of online broker review, we can easily shortlist our preferred broker and test their trading environment and professionalism. Avatrade is one of the leading brokers in the financial industry with rising popularity.
Since 2006 this broker has been owning the heart of retail and commercial traders with their efficient and delicate service. In the hands of trained professional Avatrade has achieved the quality benchmark in the financial industry which made them one of the most trending brokers in today’s world. Their service is just extraordinary when it comes to customer service and priority. Transparency is maintained strictly throughout their operation period and day by day they are working hard to facilitate their customers in every possible way. Within this 10 years of service in the financial industry, their trading volume has already surpluses $60 billion + per month. Let’s analyses the detailed performance and quality service of Avatrade in more professional and organized way.
Establishment date: 2006
Regulations: Central Bank of Ireland, ASIC,BVI financial Service Commission, FFA of Japan
Bonus: Varies depending upon promotion
Minimum Deposit: $100
Max leverage: 400:1 forex, 200:1 CFD,20:1 stocks
Spread: as low as0.8 pips
Minimum lot size: 0.01
Order type: Market order, limit and stop orders, entry order and once cancel the other orders
Advanced resource: Auto chartist
Currencies: USD, EUR
Trading Platform: Meta Trader , Avatrader and Web trader(Support Android and IOS)
Countries: Accept all countries except the USA
- Excellent promotional deposit bonus
- 50+ financial instrument to trade
- Allows scalping and hedging
- Advanced loss protection features
- No deposit or withdrawal fees
- Offers EAs and Signals
- Smart one clicks trading service
- Options are limited in commodity trading
- Charge 25$ after 3 months of inactivity
- Orders are not filled with level 3 depth data
- VPS or dedicated servers is not available to its customers
- Doesn’t accept US client
Avatrade has done a great job in customizing the design of the signup form page for new traders. They have made things very clear and précised and created a user-friendly environment. Once you hit the signup button you are redirected to smart user-friendly account opening page. All you need to do is to fill up the simple signup from. From there you also have freedom to choose your base currency and trading platform. Currently, Avatrade provides four different powerful trading platform to the retail traders. Most importantly you are getting all the free premium features of the Avatrade with just $100 deposit. However, if you are not comfortable with real money investment then you can also sign up for their practice account where you will have a virtual dollar and access to all live trading tools.
Bonus on Deposit
Avatrade offers six different bonus scheme for the client based on their initial deposit. All the promotional bonus are available on three major currency, USD, GBP and Euro. Traders get their desired deposit bonus based on their trading volume and frequency which must comply with their terms and conditions. Let’s see the bonus structure of Avatrade
Avatrade has done an extraordinary job in developing the learning resource. Regular update of technical and fundamental analysis is posted on their site which is pretty much precise and easy to understand. The education section of the kava trade contains all the important online resources to master the basic art of online financial trading. Traders can get easy access to the financial documents and articles at their convenient time. Most importantly the education materials are arranged in a systematic order so that new traders can also learn how to trade the market properly. There are also video tutorials from the expert traders which the learner can use to excel their trading career. They also hold the webinar on a regular basis which gives the new and advanced traders a unique opportunity to get their queries clarified from the expert traders in the live session. To be honest, they have put lots of effort in this section to make it highly valuable to the trader’s community.
This is one of the most important things that traders consider before selecting their broker. Avatrade has developed excellent customer service team capable dealing with the customers with friendly manners. They are patient and well behaved and try to solve the problem as early as possible. This is one the key site which has made them so popular in this industry. But sometimes the chat service is offline which is a bit surprising from such a high-class broker. Since traders from different parts of the globe access their site 24/7, it’s imperative to have solid 24/7 live chat support. However, their overall customer service is excellent if we overlook the offline service period.
So far we have presented all the important parameter that the trader requires knowing before getting involved into a broker. Selecting the right broker is very important for a successful trading career. The overall performance of Avatrade is well above standard with excellent premium trading service and customer support. However, they should also include advanced charting software like C trader which allows level 3 market data in live trade execution. Considering all the parameters Avatrade is definitely a good pick for retail professional traders.