You are welcome to my AvaTrade Review.
I am sure you are because you want to make money with forex trading. But, Is Avatrade Safe?
But, can you make money with AvaTrade? Is AvaTrade legitimate or scam?
Is Avatrade good to trade forex?
It is great to research before you venture into an unknown like forex trading; this is, in fact, how to discover legitimate online business.
But first, let us learn what AvaTrade is all about.
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AvaTrade At a Glance
Founder: Emanuel Kronitzy
Year Established: 2006
Business Type: Finance, Stock Market Trading
Minimum Initial Deposit: $100
Demo Account: Yes
Trading Platforms: Proprietary Web, Mobile Apps, Meta Trader 4, Zulu Trade, Mirror Trader
Summary Review of AvaTrade
AvaTrade has involved online forex trading since 2006. The company claimed to be professional and expert in forex and cryptocurrency retail trading.
AvaTrade has over 200,000 retail register members, with over two million trades monthly, which is about £60 billion volume.
AvaTrade is a broker that offers a multilingual platform and around the clock support in both forex and crypto trading.
AvaTrade is a presence in the significant continent, which includes Borth America, Europe, Africa, and major countries in Asia.
AvaTrade is in China, a complicated place in terms of regulatory and forex trading.
Despite all the achievements of AvaTrade, forex trading is still a volatile business, and you can lose all your money.
What is AvaTrade?
You are welcome to my AvaTrade Review. Do you want to know if you can really make money with AvaTrade? Then you are in the right place. But first, let us learn what AvaTrade is all about.
AvaTrade is definitely not a scam Crypto trading website but a very legitimate one. AvaTrade has been a pioneering company in the online sector since the year 2006.
The company was established by a team of expertise in online web – Crypto trading targeting retail traders. Emmanuel Kronitz founded it.
AvaTrade has the best features they include, web-based platforms; live account holders have Ava debit cards, a demo account, access to trading central, charting tools, and free withdrawals.
This contributes to the company emerging the lead amongst other forex brokers.
AvaTrade involves the online trading of currencies, stocks, commodities bonds, and many other thrilling Crypto tradings around the globe.
This entails the buying and selling of currencies like significant currency pair, minor currency pair, and exotic currency pair.
Benefits of Trading Crypto/Forex with AvaTrade
- The minimum initial deposit is $100
- It is safe and well regulated.
- It offers a wide range of assets, i.e., cryptocurrencies, stocks, bonds, indices among others.
- No commissions
- Fast customer support
- Flexible deposit methods, e.g., PayPal
AvaTrade product is restricted to the following countries: USA, New Zealand, and Belgium.
Guides to How AvaTrade Work
Step1. Find a functional bitcoin wallet.
There are several wallets, and you need to identify a wallet that checks off all the features that you want and download the AvaTrade login to the appropriate platform.
Step2. Choose the right bitcoin trader.
There is a whole lot of exchange, and they vary with performance. It’s good to consider buying your coin from an exchange to avoid brokers.
Always compare the exchange rates, fees for obtaining the bitcoin, and the payment method offered.
Step3. Select your payment method.
There are several options to consider as a mode of payment.
Most exchanges accept credit cards and bank accounts. However, others like PayPal are not acceptable.
Step4. Buy some bitcoin and store them in your wallet.
The exchange market varies from time to time; it’s wise as you keep watch on how the bitcoin is trading load your wallet to avoid any inconvenience.
Step5. Get ready to use it.
Bitcoin rates fluctuate .it’s wise to plan and set up a seller account to avoid the last-minute rush.
List of Crypto Altcoins Supported by AvaTrade
- Bitcoin and Bitcoin cash
Payment Method Supported by AvaTrade
The payment method supported by AvaTrade is Bank transfers, visa MasterCard, PayPal, Skrill money brokers, Neteller, and union pay.
The methods used to purchase bitcoins and other altcoins are a credit card, debit card, or bank transfers.
AvaTrade is a regulated forex broker and compared to others their charges are fair. The minimum amount required to open an account is 100USD which is lower compared to others.
In addition to that Avatrade offers maximum leverage of 400:1 which is good compared to other forex brokers.
Do I recommend AvaTrade?
AvaTrade is a product that I highly advocate. It’s advisable to trade with a broker who is registered and has a well-recognized Forex/Crypto trading analysis.
AvaTrade gives you a chance to trade and make a profit even when the markets are low.
AvaTrade Customer Service
The customer service is manned 24hrs. This enables the broker to respond to the needs of the clients promptly. The FAQ and help center app has a clear guide and instructions on what to do when you need help.
The provision of FAQ mostly asked questions with answers makes it easier for the clients. They can leave a message or email, and you will get assisted by the standby online team instantly.
Compared to other websites using the online perception Avatrade rocks the market. The clients’ AvaTrade review and positive comments confirm that AvaTrade is the best.
How to Make Money with AvaTrade
The economic factors determine the exchange rates.
This Forex/Crypto trading involves quoting currencies in pairs against given time whereby one is the base currency and the other one a quote currency.
If you believe your base currency will rise against your quote currency and buy the currency if it raises you to make the profit.
You can also partner with AvaTrade if you have a website of your own. You will be paid a 10% commission for every amount spent by people you invite to the AvaTrade Platform.
This is a big way to start earning money while you are sleeping.
It is so easy to have your own blog and start making money online. The good news is that you will not only have access to promote AvaTrade but many other websites and businesses online.
What I like About AvaTrade
It is cheap compared to other brokers
Provision of a demo account for beginners to help them trust and learn how the forex operates
The Crypto/Forex trading platform is easy to use.
Issues with AvaTrade
The broker is currently facing withdrawal issues.
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How to Change Leverage on AvaTrade
What is Leverage Trading?
Leverage or margin trading is a process by which traders allowed to open a trade position much more significant than their investment capital.
The trader will only need to invest a certain percentage of their position. Leverage trading can be affected by many factors that involved the brokers, instruments, and the platform required.
Leverage Trading is most popular among brokers and traders, and it is a trading system that is mostly used in forex/crypto trading in the 21st century.
But, how do you change leverage on AvaTrade?
Many instruments are on offer at AvaTrade with different leverage that can also change depending on the platform and tools such individual is using.
AvaTrade has leverages such as:
- MetaTrader4 and MetaTrader 5 with up to 400:1 leverage
- Metal such as Gold with leverage 400:1, and
- Crude oil trading and Silver trading with some other metals have 200:1 leverage.
It is indicated on the AvaTrade website that you can access leverage that is up to 400:1.
For you to avoid a margin call, ensure you have enough funds in your equity account to help, you to trade un-hindered. It is also crucial to know the leverage on every platform before you start your trade.
AvaTrade Review – Leverage & Margin
Who is AvaTrade for?
The Crypto/Forex trading product is used for trade globally except for the few countries where they don’t trade.
It is well embraced, and the majority are benefiting as they use the platform to trade and earn a living.
How Do I Withdraw My Money from AvaTrade
Below is the process to withdraw your money from AvaTrade trading platform:
- Log in with your email address and password
- Click on the withdrawal menu
- Complete the online withdrawal form
- Your withdrawal request will be processed in 24 hours (i.e., one business day) of your application.
- As soon as the withdrawal is approved and process. You will receive your money within days.
- Receiving payment via your cards will take five business days while get payment through your e-wallet will take just 24 hours.
How to Close Your AvaTrade Account
The following simple steps will help you close your account with AvaTrade:
- You will need to withdraw your money first if you still have funds in your account.
- Just click “My Account” and follow the above withdrawal process.
- As soon as you have taken your money, send an email directly to your account manager with a request to close your account on the AvaTrade platform.
List of Countries Where Traders Is Accepted
AvaTrade will accept traders from the following countries:
- The United Kingdom,
- South Africa,
- Hong Kong,
- The United Arab Emirates,
- Saudi Arabia,
- Qatar and most other countries.
AvaTrade will not accept traders from other countries, including:
- The United States,
How Does AvaTrade Make Money?
AvaTrade is making money from the commission and spread that is charged on every trade on its platform.
AvaTrade happens to be a good market maker; this gives this forex company the capabilities to offer competitive spread and various leverages that help its brokers and user makes more money, hence earn them profits too.
AvaTrade also takes advantage of overnight financing markup for its various clients, and they also have fees relating to the user activities on their platform, such as inactive account fees for account reactivation.
Is AvaTrade Good or Scam?
Yes, AvaTrade is good and it is not a scam. It is very safe for forex trading.
My only challenge with AvaTrade is that it is a risky business.
Dealing with forex and cryptocurrency trade can make you lose your money.
AvaTrade is a forex broker that is devoted to providing a secure and safe platform to its retail customers irrespective of where you are operating from.
AvaTrade is regulated with the EU and the British Virgin Islands licensed.
The company is also well regulated in Japan, Australia, Ireland, and South Africa.
AvaTrade claimed to be a holding company with over $17 billion of market capitalizations.
They secure the platform with the most reliable industry standard in data encryption, and they claimed to have IT experts that ensure the platform remains secure and up to date with the latest security and information technologies wares.
This is why I prefer you to go for a risk-free base online business.
Alternatives to AvaTrade
AvaTrade review states that there are no perfect brokers, therefore; we have other alternatives brokers that can be considered:
- Plus 500 regulated by the financial conduct authority (UK)
- I G regulate by economic conduct authority (UK)
AvaTrade Customer Reviews
AvaTrade is a global CFD and FX trading company that was founded in 2006. Several regulatory bodies in various countries endorse the company.
Recently they had an endorsement to be regulated by Abu Dhabi ‘s Financial Regulatory Authority.
AvaTrade has its global head office in the Republic of Ireland.
And the company also has its corporate subhead offices in the following locations: Australia, Japan, British Virgin Islands, South Africa, and the Republic of Ireland.
All the above are the assurance that this is a serious company that has been around for over two decades.
The AvaTrade customer reviews are not that straight forward. They have more negative customer reviews than positives.
Many people love the idea of forex trading but do not know the implications.
Trading forex is a high-risk business, most especially when you are dealing with CFDs instruments. These are complex instruments with a very high risk of losing money.
You will see disclaimers online stating that over 70% of the retail investor will lose their money when trading CFDs with any providers.
With that said. Many people do not understand how CFDs work and whether they can take the high risk of losing their money.
There are lots of complaints about AvaTrade customer reviews online. Many people complain about the high rate of losing their money with AvaTrade.
AvaTrade customer reviews show that AvaTrade has a limited product portfolio because it only offers CFDs, crypto, and crypto option.
Both the company’s EUR/USD and inactivity fees are very high with abysmal customer service support. The company phone support is a right off.
See screenshots of AvaTrade customer reviews below:
AvaTrade Offices Worldwide
AvaTrade Dublin 1 Ireland (Financial Centre)
Five Lamps Place
Dublin 1 Ireland
Level 13 2 park street
Sydney NSW 2000
Cerro el Plomo 5931
SOHO Shangdu, Chaoyang
Viale Enrico Forlanini 23
Park Plaza Santa Fe Floor 5
MNTower – number 1402# (Тэнгис кино театрийн залгаа урд)
AvaTrade South Africa
Nelson Mandela Square
Office towers West, 2nd Floor, Sandton
Johannesburg South Africa
Ojimadu Nwaeze House,
20 POW Mafemi Crescent,
Jabi District, Abuja, Nigeria
AvaTrade Phone Numbers World Wide
- Austria +(43)720022655
- Cyprus: +(35)725030235
- Denmark: +(45)78755456
- France: +(33)170702052
- Germany: +(49)8006644879
- Greece: +(30)2111984889
- Hungary: +(36)19989828
- Ireland: +(353)766705834
- Italy: +(39)0289038621
- Norway: +(47)21031397
- Portugal: +(351)308800273
- Romania: +(40)312297018
- Slovenia: +(38)617778294
- Spain: +(34)911876460
- Sweden: +(46)844687023
- Switzerland: + (41)225510054
- United Kingdom+(44)2039661934
- Australia and NZ
- Australia: +(61)272018721
- South Africa: +(27)105941353
- China:86 400 050 7282
- Hong Kong: 86 400 050 7282
- Malaysia: +(60) 378903866
- Korea: 827047326715
- Singapore: +(65)8001205170
- Taiwan: 86 400 050 7282
- South America
- Argentina: +(54)1152460420
- Brazil: +(55)6140427290
- Chile: +(56)954927149
- Middle East
- Bahrain: 97316199033
- Kuwait 96522069115
- North America
Is AvaTrade worth It?
What do you think of my AvaTrade review? Can you really make money with AvaTrade?
Or, do you think that AvaTrade is good or scam?
AvaTrade is definitely not a scam; they are valid brokers fully licensed and regulated in the EU. It is a very legitimate forex trading website.
I would highly recommend this platform to users since it’s cheap and has a more comfortable environment.
The only question you need to ask yourself is this, Are you ready to take the risk involved in forex trading?
What do you think of this article? Kindly drop your thought in my comment areas below. I will be glad to get back to you in no time.
Are you making money with AvaTrade before now? Is AvaTrade safe so far for you?
What can you tell my audience about AvaTrade that is not known yet here?
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