Perhaps the most important feature of AvaTrade is that it is incredibly diverse with an automated trading package that comes with the trading software itself. It offers Forex trading APIs and advanced strategies which are otherwise sold at hundreds of dollars on the market for free. Traders need only pay the spreads for the trader. After that, no additional cost is charged for the tools provided.
The automated-trading package offered by AvaTrade includes the prominent ZuluTrade system, AvaTrade’s own Ava AutoTrader system which lets traders use its latest algorithmic versions, as well as different leading APIs with which you can devise your own forex automation solutions from scratch. This feature is only unique to AvaTrade.
AvaTrade is designed to cater for all types of traders and so it has an automated as well as a manual platform. There are over 250 trading instruments on each platform as well as numerous analytical tools, indicators, and charts which are up to the minute. The trading software is extremely user-friendly and it allows for single-click trading from a single screen. The platform is fully customizable with advanced charting, live feeds, and analysis as well as advanced charting. The AvaTrade auto trading platform allows traders to duplicate the trades of skilled online traders even when they are not on their computer.
Deposits and Withdrawals
AvaTrade requires a minimum initial deposit of $100 and maximum leverage of 400:1. Traders should, however, keep in mind that the higher the leverage, the greater the risk. Deposits can be made through popular credit and debit cards and the broker also accepts wire transfers. Deposits can also be made through Moneybookers, PayPal, WebMoney, Neteller etc. AvaTrade also has a Debit Card feature on its platform. This allows traders to withdraw funds without any delaying paperwork although it usually takes a maximum of five days for the money to get transferred.
AvaTrade offers new and inexperienced clients the option of opening a free demo account with which they can trade a virtual currency. The demo account helps clients to get the feel of the software and see the relationship between new items and prices of different items. It will also help new clients know how the trading platform operates before they open a real account.
Moreover, AvaTrade offers its own proprietary platform and also commonly used one by traders. So as to avoid errors and know how this proprietary platform works, traders can open a demo account before opening the real one. They can gain experience by trading virtual currency and not lose any money in the process.
AvaTrade is a subsidiary of a holding company with almost $17 billion in market capitalization. As this is very rare in the forex world, it certainly makes the broker a credible one. AvaTrade is regulated by the EU with its financial activities under close watch. This means that traders are safe with their investments with AvaTrade. Apart from the fact that they adhere to the highest industry standards, AvaTrade the firm has a staff of highly trained IT personnel who are on the forefront of information technology and always bring in the best when it comes to trading software. The company’s advanced security systems are applied to each individual’s trading system as soon as they are on the market.
The customer support is always on 24 hours a day, 5 days a week to assist with any trading issues that may arise. The customer service team are bilingual to cater to people who do not speak English. Enquires can be made via telephone, live chat, social media. Perhaps the best thing about the AvaTrade’s customer support is that they have localized support service. Numerous telephone numbers are used by the customer support thereby ensuring that customers are not burdened by the cost of telephone calls to long distances.