AvaTrade Review: If you have not heard of Avatrade before, you must be missing out on great opportunities. Avatrade is one of the fastest growing online currency trading companies and has helped individuals worldwide make money for years. If you are looking to use the internet to turn a profit, you will find that Avatrade Forex Trading Review will help you immensely. Read on to discover why this company has gained so much popularity.
AvaTrade is the leading CFD and Forex broker, a very famous and successful AVA Group. Their business is worldwide, and their offices are located in different world locations, such as Australia, Japan, the British Virgin Islands, and Ireland.
Avatrade protects users from inconvenience in the event of insolvency or failure in any way, as Ireland’s Investor Compensation Company (ICCL) guarantees their customers insurance of up to €20,000. Avatrade seems to be safe for customers, although it has quarreled with the national tax authorities.
Avatrade has many different types of accounts, but all have some similarities. Accounts can be fixed, scattered, mini-, micro-and tradable. Since it went mobile platform Metatrader, there are four accounts available.
You can top up your Avatrade account by credit/debit card or wire transfer from Skrill, Neteller, or WebMoney. Credit/debit card payments are not available for residents of Canada, and Skrill / Neteller / WebMoney is not available for residents of the UK and Australia.
MetaTrade 4 & 5
MetaTrader 4 and 5 is a popular industry-wide trading software available on mobile phones, tablets, and desktops. MQL5 Social Trading can be integrated with MetaTrader. Duplicate is a social trading platform with the ability to automate trades and is combined with Avatrade on the web.
AvaTrade Referral Bonus
Avatrade will pay a bonus of up to $400 if it offers a friend, but this depends on the amount that the friend has deposited. If the deposit is under $10,000, the bonus of $400 will be paid out, while deposits of less than $250 will earn the customer a 75% bonus.
In other regions, Avatrade is offering a 20% welcome bonus at the time of writing, which seems to be unlimited at best. Bonuses and promotions are allowed in some regions as part of EU-compliant AvaTrade. Note that such bonuses and promotions may be subject to several conditions, which means that if you trade in large quantities, you may only be able to withdraw the amount granted in cash.
Avatrade keeps things simple with their accounts and offers most merchants two types of accounts. The standard account can be opened for as little as $100 by credit card or $500 by bank transfer. Professional merchants can open a MAM account to manage multiple accounts for their customers. In addition to the standard account, Muslim traders are also accommodating by offering a swap-free account that operates under Islamic Sharia principles of interest-free trading.
To qualify, you must make a minimum deposit of $100,000 in the following denominations: USD, EUR, GBP, and AUD. You can also be eligible by exceeding the trading volume of over $100 million. Avatrade enables its customers to trade cryptocurrencies on its M4 platform with 20 / 1 leverage 24 hours a day.
All it takes is $100 to open an account, and Avatrade offers volume discounts and guaranteed stop loss. As is customary in the foreign exchange industry, customers are charged a swap fee for each position they hold. Besides, it charges a $50 fee for three months of account inactivity and a $100 administration fee for one year of inactivity.
The company charges an inactivity fee of $50 after three consecutive months of non-use. Avatrade also charges an administration fee of up to $100 after 12 consecutive months of non-use. Other applicable fees include overnight interest rates, term extensions, and corporate actions.
Avatrade’s steady progress in expanding and improving its copy trading offering has helped bring the platform closer to industry leaders such as eToro and Pepperstone. When Avatrade launched Avasocial in the UK, it did not allow merchants automated copying. AvaOptions: For options, traders can deposit up to $1k on the platform to be equipped with an AvaOption.
A minimum deposit of $100 is standard, but account inactivity fees can be as high as $50 per month if it remains unused for at least three months. If an account is inactive for 12 months, it will incur significant administration fees of up to $100 (minimum) in deposit and withdrawal fees.
Fees Type of fee Deposit fee No withdrawal fee No inactivity fee P EUR50 per quarter 3-month inactivity management fee PS EUR100 12 months inactivity Accommodation fee Accommodation fees and credits will be charged the position remains open until 22: 00 GMT. According to the Avatrade website, these fees and credits may change.