Avatrade

Avatrade is an international online broker that was founded in 2006. It offers a variety of trading instruments, including forex, stocks, ETFs, commodities, cryptocurrencies, and indices. More than 1000 trading instruments are available in total. The company now numbers more than 400 traders among its customers, who place over 2 million trades per month, which together represent a trading volume of around $60 billion. Avatrade has made a name for itself as a reliable and innovative broker and maintains offices worldwide and a strong presence in Europe, Asia, Southwest Asia, and Australia. The head office is located in Dublin (Ireland)

Is Avatrade reputable?

Avatrade is a licensed and regulated investment firm regulated by several renowned financial supervisory authorities, which contributes to its security and reliability. The regulatory authorities include the Central Bank of Ireland (no. 347/17), the Australian Securities and Investments Commission (ASIC, no. 406684), the Financial Services Agency (FSA, no. 1662) in Japan, the British Islands Financial Services Commission (no. SIBA/L/13/1049), and others. They also offer deposit protection, depending on which regulatory authority is responsible for supervising the account. Negative balance protection and the investor compensation system are also part of investor protection. The separation of customer funds and company funds provides additional security, as insolvency would have no effect on the account. Avatrade also boasts more than 100 awards that were presented between 2009 and 2023.

We can say that the broker is very trustworthy to summarise.

However, it is important to note that no regulation can guarantee absolute security. It is always advisable to perform one’s own research before choosing a broker.

What is the minimum deposit at Avatrade?

The minimum deposit at Avatrade is $100 for a silver account. The gold account has a minimum deposit of $1,000 and the platinum account is $10,000. The largest account model is called AVA Select and starts with a minimum deposit of $100,000.

There are no requirements for the demo account, and it is free of charge.

Withdrawing money from Avatrade

Money can be withdrawn from Avatrade by logging into your account and submitting a withdrawal request. This can be done via the customer portal on the website. You will need to specify your preferred payment method that may vary based on availability in your region (bank transfer, credit/debit card, e-wallets). The processing time for withdrawals at Avatrade is approx. 2 working days. However, depending on the selected payment method and your bank, it can take up to 5-10 working days for the money to be credited to your account.

Avatrade advantages

Different advantages are available depending on account model. The advantages of the smallest account called Silver are listed below

• • Regulation by several reputable financial supervisory authorities
• • First-class trading condition
• • Many trading instruments. Access to forex, shares, commodities, indices, and cryptocurrencies
• • Free demo accounts
• • User-friendly trading platforms available: intuitive trading platforms such as MetaTrader 4 and 5 as well as AvatradeGO
• • 24/5 customer support in over 22 languages by email, phone, and WhatsApp
• • Extensive educational programmes for beginners and advanced learners. There are also some market analyses, trading signals, and economic calendars

Summary

Avatrade also has immense advantages to offer. The website and trading platform are easy to use and clearly set out. This broker is also suitable for beginners since the minimum deposit is low, customer support is easily accessible, and top educational opportunities are available. However, the trading signals are only available free of charge from the higher account models and larger minimum deposit amounts.