The history of Avatrade
Ava Trade is a big financial group, established in 2006, specialized in online broker for financial services such as forex, stocks, commodity, CFDs… and was licensed and authorized in many regions. Particularly, it has been incorporated in Ireland and regulated by Central Bank of Ireland)
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It’s aim at the end of the day, is to ensure trader protection, high effectives, safety, transparency, just like its slogan: Trader With Confidence. So with these things, Ava Trade already gain some trust from you, right?
Which organizations are endorsing AvaTrade?
In Ireland, AvaTrade EU was licensed and controlled by Central Bank of Ireland and MiFID –Markets in Financial Instruments Directive, it is a new standard of European Union to ensure financial transparency, helps to increase transparency in financial markets in Europe and standardize mandatory information provided in some certain markets, at the same time protect people in investment sectors.
It also has offices in Australia (regulated by Australian Securities and Investment Commission), British Virgin Islands (regulated by British Virgin Islands Financial Services Commission), Japan (regulated by Financial Services Agency and Financial Future Associations of Japan) South Africa (regulated by South African Financial Sector Conduct Authority) and Middle East.
What kinds of accounts is AvaTrade providing?
AvaTrade only provides to traders 2 types of account, Demo account and Standrad Account. Demo Account is for new traders who want to have opportunity to practice trading in real market but do not want to spend any fee and real money. Standrad account is applicable for all platforms with different minimal spread, leverage or deposits, but the maximum figures are the same. Maximum leverage is 1:400, minimal deposit is 100USD. More details about leverage and speard will be shared later in our review. Especially, Ava Trade have accounts for Islamic, which has no overnight charge.
Demo account
The name tells all things about this account, this is an account with dummy money for traders to practice trading. It is for new traders or for those who have limited experience in forex trading. Traders can learn basic education about forex trading and how to trade. Traders will be provided dummy money and can trader without any fear of money loss. For this account, traders can only use within 21 days.
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Standard account
This account is for traders who already have trading experience. However, it is designed for both new traders and experienced ones. Key highlights for this account as below:
- More than 250 products including indices, commodity and stocks.
- Competitive spread
- Automatic platforms and compatible ability EA.
- High compatible with devices and operating systems, mobile devices and Mac
- Leverage up to 1:30 for different CFDs.
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Islamic account
Islamic account is especially designed to suit with demands of Islamic traders. It is operating following Sharia regulation, prohibiting certain financial services, especially advertising to gain attention. Traders will not be charged overnight fee.
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AvaTrade: Leverage
Ava Trader provides maximum leverage at 1:400, however this leverage will be different based on every product.
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Ava Trade: Spread
AvaTrade applied floating spread and is listed on broker list which has high spread in forex market.
You can refer more about AvaTrade here
AvaTrade commission fee
AvaTrade does not apply commission fee, but if your account is created and there is no trading, the Ava Trade will apply some fee.
- Inactive fee: is a fee that will re deducted from your account on every 3 months of no trading. This inactive fee is 50 USD/3 months.
- Management fee: will be quoted on yearly basis if you do not have any trading. It is 100USD/12 months of no trading.
If you want to create account with AvaTrade, please click on the below box:
