AvaTrade, formerly known as Ava FxBroker, is a forex broker, i.e., a company that brokers foreign currency exchanges for its customers. According to the AvaTrade Review recapped below, AvaTrade does a tidy USD $61 million in exchange trade per month. With over 250 financial instruments offered, including 59 currency pairs, they have something for most traders.
AvaTrade’s central office is located in Ireland, and it falls under the regulation of the Irish Central Bank. AvaTrade also maintains representative agencies in Milan, Sydney, Paris, and Tokyo. AvaTrade has been providing online services since 2006.
AvaTrade, reflecting its international character, provides its services in a variety of languages. The AvaTrade Review points out the array of services offered and makes it clear that delivering quality forex brokering services is their passion.
What are some of the services they provide?
- Custom software, designed in-house to make one-click transactions possible, making it easy to use for both experienced and inexperienced traders.
- They support the use of (but do not supply) the MetaTrader 4 electronic trading platform.
- Multiple access methods: MacOS, web browser extension, iOS, and Android.
Per the AvaTrade review article, after setting up an account (you’ll need to enter some basic personal info) you will need to choose the currency you use for that account, i.e., if you live in the US, you will likely choose USD. And then you will need to select one of at least seven methods of getting money in and out of your account, among them debit and credit cards, wire transfers, and PayPal.
If you’re new to trading, AvaTrade offers free pretend-trading, so you can practice with real market data without damaging your bank account before you get up to speed.
Leverage of about 400:1 is common at AvaTrade. Fundamental and technical analysis are provided, as is a channel supplying the latest forex news, giving you the data and the market awareness to better plan your trades.