Since establishing their online trading platform in 2006, Avatrade have emerged at the forefront of the UK Forex trading market. Having grown exponentially over the last decade, it now has more than 20 thousand investors who have signed up to their brokering services and between them, they generate a trading volume of around $60 billion every month. With their headquarters in Dublin, Ireland, Avatrade are subject to strict European regulations, but their operation stretches across the globe with offices in 5 other major cities from the USA to Australia.
Which Trading Platforms are Offered by Avatrade?
Avatrade does not disappoint when it comes to the amount and variety of their online trading platforms. They have developed their own platform suited to both novice and experienced investors alike complete with all the customisable tools and analytical indicators that users could possibly need. Their platform is compatible with all major operating browsers including Chrome, Safari and Internet Explorer, and is also suitable for use by users who own Macs.
Avatrade also offer the comprehensive range of trading options offered through the well known and popular Meta Trader 4 platform. This famous and fully customisable platform is user friendly enough for even newcomers to access and offers an enormous choice of trading platforms from spread betting to floating spreads.
Which Account Types are Available?
As well as offering demonstration accounts to those who would like to try out the trading platforms before depositing any money, Avatrade have four main account types. Their basic level account, Silver, requires a $100 minimum deposit and offers access to educational resources and mobile trading options. There are also Gold and Platinum accounts which cater for the needs of more experienced investors. These require respectively deposits of $1000 and $10,000 in order to sign up. Those who consider themselves to be experts in the money market and who can make the financial commitment of a $100,000 deposit can access the highest level account, the Ava Select, which comes with a host of exclusive benefits, from a dedicated senior account analyst to flexible trading conditions.
Other Useful Information About Avatrade
Like most of the other top Forex brokers in the UK, Avatrade do not charge any fees or commission on their financial transactions, allowing traders to keep 100% of their profits.
Avatrade allow investors to trade with more than 60 different currency pairs but also offer their traders the option of trading a broad spectrum of other assets including precious metals, commodities, indices stocks and bonds. Leverages on offer vary, but can be up to 400:1 for proven traders.
There is a great choice of deposit and withdrawal methods available for traders to choose from, including all the most popular internet based options like PayPal, Neteller, Skrill and WebMoney as well as the traditional options of credit and debit card transactions as well as bank wire transfers, ideal for those who want to deposit larger sums.
In order to withdraw funds from an Avatrade account, traders must complete an online form following which the process of initiating the withdrawal is completed within 48 hours. Funds should appear in the trader’s account within 5 to 7 working days for the three main types of account, however those with the highest level Ava Select account can enjoy a faster turnaround time.
Avatrade offer a range of excellent bonuses and incentives to encourage new sign ups. On depositing funds into a new account, traders can enjoy a bonus instant credit of between $125 to $10,000 depending on the sum deposited.
There is a great range of educational resources on Avatrade’s website including some helpful introductory videos aiming to assist novice traders in finding their feet in the money markets and to help give them a competitive edge.
What is the Avatrade Customer Service Experience Like?
Avatrade have an excellent customer service team who are available to be contacted on weekdays 24 hours a day, although there is no helpline available at the weekend. The team are multi-lingual, so obtaining the right help is simple. 11 different languages are spoken including English, Chinese, Arabic and Russian. There are several different contact options during the help centre’s opening hours including telephone helplines, email contact and the online chat facility.
Why Should I Choose Avatrade for Forex Trading?
Those traders who choose Avatrade can expect:
- A choice of several different trading platforms that are easy to use and suited to all needs
- A reliable and reputable broker covered by strict European regulations
- Leverages offered up to 400:1 dependent on account
- Good range of online educational resources for novice investors
- High quality multi-lingual customer service during the working week contactable through many methods including online chat
- A choice of methods for deposit and withdrawal of funds
- 60 different currency pairs on offer and a comprehensive range of tradable assets.
Traders should be aware however that there are some negative points:
- There is no customer support service available during the weekend
- Withdrawal must be initiated manually and can take up to 7 working days