AvaTrade is an online trading platform that was started in Ireland in 2006. This company is legit, and it is regulated by bodies such as the Central Bank of Ireland and other institutions in various countries. Some of these institutions include the Markets in Financial Instruments Drive (MiFID), Australian Securities and Investments Commission. Clients highly prefer AvaTrade due to the large trading styles options that it offers to them. It gives customers an opportunity to trade in a variety of markets that include cryptocurrency and forex. Account holders of AvaTrade reviews are also secured from incurring losses. This is because of the negative balance protection feature that makes the loss of the initial deposit amount impossible.
AvaTrade’s products and commisions.
This firm is different from other competing trading platforms in that it offers clients a wide range of options. It also brings together a wide range of trading platforms. For instance, in AvaTrade, it is possible to trade in forex using Bitcoins. Most trading platforms don’t offer this feature. The spreads offered on AvaTrade are also relatively higher than those on other trading sites. The only blot on this incredible trading site is that they do not offer special bonuses to traders who trade in high amounts of money. However, despite this, the platform is still very competitive given that it doesn’t charge customers commissions on their trades. Instead, these commissions are incorporated in the spreads.
Another advantage of trading on this site is that once a trader decides to close his/her account, there are no attached charges. Withdrawing of funds is also free of charge. The firm, however, encourages clients to be actively involved in trading. Failure to trade for about three months attracts a fine of GBP 25. This fee is aimed at discouraging people from failing to trade for extended periods. To open an AvaTrade account is very easy. All that one needs are funds as low as GBP 100. This will offer one a good start, and the money is also secure given that they have a negative balance protection feature. Noteworthy is that clients can trade on this platform using different currencies. Therefore, the firm is open to people from all walks of life.