- MetaTrader 4
- MetaTrader 5
- WebTrader
- ASIC(Australia)
- ADGM(UAE)
- FSCA(South Africa)
- $100
- 4.2/5
Summary of Ava Trade Trading Company
Founded in 2006, AVATRADE is a forex and CFD broker with its headquarters in Dublin, Ireland. It is under the regulatory purview of several esteemed financial authorities, including the ASIC (Australia), ADGM (UAE) and FSCA (South Africa).
AVATRADE is a well-regarded choice for forex traders in the UAE, owing to its competitive fee structure, expansive array of trading instruments, and accessible trading platforms.
Regulation and Security
AVATRADE is subject to stringent oversight from the ASIC (Australia), ADGM (UAE) and FSCA (South Africa), all of which are highly reputable financial regulatory bodies. This implies that AVATRADE must meet stringent criteria, including those related to capital adequacy, risk management, and safeguarding client interests.
To fortify security measures, AVATRADE has implemented several safeguards to protect clients’ funds and data:
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01
Segregated client accounts
AVATRADE maintains a clear demarcation between client funds and the company’s own, ensuring the protection of client funds in the event of insolvency.
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02
Negative balance protection
Clients of AVATRADE are provided with negative balance protection, which restricts potential losses to the amount deposited in their account.
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03
Data security
AVATRADE employs a range of security mechanisms, such as encryption and firewalls, to secure clients’ data.
Trading Platforms
AVATRADE grants access to both the widely recognized MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are renowned for their user-friendliness and an extensive toolkit that accommodates various trading strategies. Additionally, AVATRADE offers a web-based trading platform for those who prefer trading without the need for software downloads.
Advantages
- Diverse selection of trading products.
- Stringent regulation by multiple financial authorities.
- Access to both MetaTrader 4 and MetaTrader 5 trading platforms.
- Provision of educational resources for novice traders.
- Availability of customer support 24/5.
- Acceptance of multiple currencies.
- Availability of demo accounts for practice.
Disadvantages
- Spreads and commissions are comparatively higher than some competing brokers.
- A limited variety of account types.
- Absence of copy trading or social trading features.
- Lesser recognition compared to certain other forex brokers.
- Occasional delays in customer support.
- A restricted choice of funding methods.
- The unavailability of Islamic trading accounts.
Deposits & Withdrawals:
For client convenience, AVATRADE offers multiple methods for deposits and withdrawals, encompassing bank wire transfers, credit/debit cards, and e-wallets. The minimum deposit requirement stands at $100. AVATRADE distinguishes itself with its efficient withdrawal processing, with most requests being fulfilled within 24 hours.
Instrument Selection
AVATRADE’s diverse portfolio of trading products includes:
- Forex: Clients of AVATRADE can trade over 60 currency pairs.
- CFDs: AVATRADE provides access to a variety of CFDs, spanning stocks, indices, commodities, and cryptocurrencies.
Account Types
To accommodate the varying needs of traders, AVATRADE offers multiple account types:
- Standard Accounts Commission-free trading with a spread starting from 1.1 pips.
- Raw ECN account Commission-free trading with a spread starting from 0.9 pips.
- Professional account Commission-free trading with a spread starting from 0.6 pips.
Leverage and Margin
For retail traders in the UAE, AVATRADE offers leverage of up to 1:400. Leverage allows traders to control substantial positions with relatively modest capital, but it’s vital to be aware of the potential for amplified losses. The margin requirement for forex trading is set at 2.5%, meaning that traders must maintain at least $2.50 in their account for every $100 position they control.
Educational Resources
AVATRADE is committed to educating its clients and provides a variety of learning resources:
- Trading webinars and seminars.
- Trading articles and videos.
- E-books and trading guides.
Customer Support
Clients of AVATRADE benefit from 24/5 customer support offered in multiple languages. The support team can be reached through live chat, email, or phone.
Fees and Spreads
AVATRADE maintains a competitive fee structure, encompassing spreads and commissions. The Standard account offers spreads starting at 1.1 pips, the Raw ECN account offers spreads starting at 0.9 pips, and the Professional account offers spreads starting at 0.6 pips. Trading on the Standard account incurs a commission of $0.05 per round trip.
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Conclusion
AVATRADE is a solid choice for forex traders in the UAE seeking a dependable and well-regulated broker that offers competitive spreads and commissions, along with a wide range of trading products and services.