When choosing a broker to facilitate trades, one of the key factors that traders need to thoroughly consider and evaluate is the broker’s regulation, as it will ensure client fund safety.
Regulated brokers are obliged to keep client funds in segregated accounts away from operational funds. These funds may only be used for the execution of trades and must be available for withdrawal by the trader at any time.
AvaTrade has regulation and authorisation in Australia, Ireland, South Africa, Japan and the British Virgin Islands, through ASIC, BVI, CBI, FFAJ, FSA and FSCA. It offers its services to traders in these jurisdictions and worldwide, except the US and some third-world countries.
AvaTrade adequately caters for both beginners and professional traders by providing retail and professional accounts. AvaTrade also offers comprehensive trading solutions and services, trading tools, education, social trading and more.
Traders also have access to opening a demo account that can be used for practice trading, for testing trading strategies, or as a means to test out the broker’s platform.
Muslim traders are offered the option of converting their account to an Islamic Account, which hosts an array of unique benefits.
Dynamic and flexible trading platforms
AvaTrade supports the use of popular and powerful trading platforms, such as MetaTrader 4 and 5, DupliTrade and ZuluTrade. There is also provision made for its own proprietary, flexible trading platforms, AvaTradeGo and AvaOptions.
Competitive fee schedules
AvaTrade offers transparent fee schedules, and traders can expect fixed spreads starting from 0,9 pips when trading forex, 0,3 on indices, and 0,34 for commodities. They also receive zero fees on deposits and withdrawals and the option for commission-free trading, depending on the financial instrument.
Dedicated customer support
AvaTrade’s customer support is available 24/5 in 14 languages and can be contacted through the Live Chat function on the website, email or telephone.