AvaTrade
- Overview
- Security
- User Experience
Volume 24H: N/A
AvaTrade is a popular online trading platform that offers users support for over 250 Forex pairs, commodities, indices, bonds, ETF's, CFD's and more recently cryptocurrencies. The service stands out as being highly flexible in terms of trade choices for professionals and is regarded as a regulated trusted broker in the trading community. Established in Ireland, the company has over 200 employees.
Being mostly a Forex broker, Avatrade is mostly suitable for professional traders and enterprise companies. Their software works on Mac OS as well as Windows systems, with a clean and sleek UX design. Also, Avatrade provides mobile support for its software through its Apple and Android compatible apps.
Crypto Currencies Support
- BCH
- BTC
- DASH
- ETH
- IOT
- LTC
- XEM
- XMR
Traditional Currency Support
- AUD
- EUR
- JPY
- USD
Language Support
- Finnish
Country Support
- Australia
- Canada
- China
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
Platforms Systems
- — Allows High Frequencey Trading Bot
- — Api
- — Desktop App
- — Mobile App
- — Web Interface
Stock Market Options
AvaTrade is licensed as a regulated broker in the EU, Japan, Australia, and the British Virgin Islands. The company maintains stringent compliance requirements regarding the handling of client funds, security, and financial reporting. They use McAfee Secure (HackerSafe) to prevent credit card fraud and identity theft and separate user funds from the company money.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | Hot |
AvaTrade has expanded globally with a user base of over 200 000 clients and with a total trading volume surpassing $60 billion monthly. The multi-national company has offices in Dublin, Paris, Milan, Tokyo, and Sydney and was founded by Daire Ferguson, CEO and Joseph Seery, both with a lot of experience in the finance industry.
Summary:
AvaTrade is definitely a big player in the Forex industry. Recently they introduced support for crypto trading. Although they state that all user funds are segregated from AvaTrade business funds, the company doesn't offer enough information regarding the storage policy of digital funds and private key storage management. Also, there are numerous reports of delayed transactions.
| Ease of use | Complex |
| Transaction Fees | N/A |
| Deposit/Withdrawal Fee | N/A |
| Deposit/Withdrawal Fee For Bank Transfer | N/A |
| Deposit/Withdrawal Fee For Credit Card | N/A |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | N/A |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party, Send/Receive Crypto
Functionality:
Avatrade offers several trading platforms for different types of users: AvaTradeAct, AvaOptions, Mac Trading, MetaTrader 4, Mobile trading, Automated Trading. Avatrade can also issue an Ava debit card, users can benefit from margin trading and use the exchange's mobile apps. US users cannot use the exchange and crypto trading is not available on Islamic accounts (offered to Muslim clients).
Most common customer complaint:
— Poor customer support, refund issues