Initially founded as AvaFX in 2006, AvaTrade is online forex and CFDs broker based in Dublin, Ireland. They have specialized their operations in dealing with Bitcoin trading. They also offer trading services for equities, commodities, bonds, market indices, and Exchange Traded Funds (ETF). The firm is under the regulation of the Central Bank of Ireland in the European Union. It, therefore, operates as a licensed investment firm under the Markets in Financial Instruments Directive. The Australian Securities and Investments Commission also authorize the investment firm.
An AvaTrade review has ranked the firm as a competitive force in the investment field. This has, however, come from their cutting-edge analysis about the market trends. With “SharpTrader.com” as their primary analytical arm, coupled with a collection of trading platforms, AvaTrade can accommodate several trading styles. AvaTrade has undoubtedly made its name from offering many trading platforms on which account holders can trade their financial assets. The investment firm also gives its customers access to a wide selection of financial markets, ranging from cryptocurrency and forex to commodities and stack indices trading.
What’s interesting, this firm has a negative balance protection feature. According to a recent AvaTrade customer review, this feature has made the firm popular since customers are protected from losing more than their deposits. This way, a customer’s account balance can never drop below zero. However, another AvaTrade broker review reveals that there are no volume discounts for customers even for higher volumes of trade. The slow processing of withdrawals also disadvantages AvaTrade customers. Many a time, withdrawals may take up to 10 days to process, which is not healthy for any online trader.
AvaTrade, like most brokers, takes a fee from the difference between the buying and selling price of an instrument, which is the spread. Regarding reliability, AvaTrade clears any concerns traders may have concerning their genuineness. With over a decade of operation, AvaTrade has already established itself as a broker with integrity and trustworthiness. For a market that has been plagued with scam brokers, any trader wishing to join the online trading industry has to be wary of fraudulent traders. AvaTrade’s licenses for different jurisdictions proves its integrity, thereby adding to its reliable track record.