AVA Trade – Forex Broker Test Report

AVA Trade EU Ltd, founded in Ireland, was originally known as AvaFX up until 2013. However, it has been called a number of different names throughout its life. The broker is regulated by the Irish Central Bank and has attracted over 200,000 traders from 160 nations. These traders are responsible for trading almost $60 billion each month over the company’s trading platform. The broker AVA Trade is regulated by the MiFID directives, which provides a framework for all financial service providers in accordance with European law. As a result, every trader can be assured of total transparency when it comes to security and data protection.

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  • Regulated by MiFID regularities
  • Many webinars for newcomers
  • Different kinds of support
  • No fees for deposits
  • Demoaccount available
  • Mobile App

WelcomeAVA Trade Test Report

AVA Trade EU Ltd, founded in Ireland, was originally known as AvaFX up until 2013. However, it has been called a number of different names throughout its life. The broker is regulated by the Irish Central Bank and has attracted over 200,000 traders from 160 nations. These traders are responsible for trading almost $60 billion each month over the company’s trading platform. The broker AVA Trade is regulated by the MiFID directives, which provides a framework for all financial service providers in accordance with European law. As a result, every trader can be assured of total transparency when it comes to security and data protection. AVA Trader secures all customer investments through separate Danske Bank fiduciary management accounts in the Irish capital of Dublin. This reflects the authenticity of the provider. You will find below the most important test criteria and why we believe it’s worth registering an account with them.

 

The Highest Degree of Security With CBI RegulationSafety

AVA Trade is regulated by the Central Bank of Ireland, which is not very common amongst its competitors. This supervision is in accordance with MiFID directives, which also is responsible for many national institutions. The same can be said for the issue of investment security, as AVA Trade offers a much more extensive service in this area in comparison to many of its well-known competitors. The broker guarantees all traders a security of up to £50,000, which is valid for all internal debt defaults and other similar occurrences. In addition, the trader is guaranteed all promised benefits, as this again continues to be closely regulated. All this means that AVA Trade will always deliver what they have promised so that everything presented on their website regarding bonuses and maximum returns can be taken at face value.

 

TradingImpressive Variety of Trading Products and Account Types

AVA Trade rewards new customers who deposit an amount of up to 3,000 pounds for the first time with a bonus of 50%. The bonus decreases as you deposit more: however, deposits of 50,000 pounds can still benefit from a 10,000 pounds cash injection. The usual minimum turnover amounts are in place regarding bonus withdrawals, and customers are required to present a proof of identity and residency. AVA Trade allows trading with more than 60 currency pairs as well as 100 CDFs, and share and index trading using Exchange Traded Funds (ETF). Beginners should have no difficulty implementing trade deals using the clearly laid-out and internally designed AVA Trader software, which offers simple navigating menus and optimized risk management options.

Expert traders will benefit from the addition of the up-to-date Meta-Trader. This gives you access to additional features when implementing your own trading system through API trades and dealing with trading through algorithms. It is up to you to decide whether you want to download the suitable software or use the web-based version, which requires no downloading. AVA Trade has also made a mobile version available for iPhones, Android smartphones, and tablets. Mobile trading can be done via both the AVA Trader and Meta Trader platforms, and requires you simply to download the relevant application. If you are not the type for sitting the whole day at your computer, then you can use AVA Trade’s automatic trading, such as Mirror Trader or Zulu Trade. The first option allows you to automatically trade based on the advice from professional traders. Zulu Trade is an additional platform which allows you to conceive your own individual trading strategy using API which automatically trades in shares, indexes, raw materials and currency.

Quick-Overview

BrokernameAVA Trade
Website urlhttp://www.avatrade.com/
Year2006
RegulatedMiFID
Leverage400:1
Spread €/$1,0 Pips
Min. Trade0,5 lot
Assets200
Min. Deposit£250
Max. Bonus100%
Demoaccount
DepositCreditcard, Bankwire, AmericanExpress, Skrill, Neteller
Mobile
Hedged
Safety

Best Possible Returns With Low Fees

AVA Trade allows new customers to use a free demo account with a credit of 100,000 pounds for three weeks. Newcomers and experts can use this account to try out different strategies with different assets. This allows complete security and prevents you from making unnecessary losses while testing. Those who use the demo account intensively can expect to achieve a high level of returns from minimal investment.

Traders get to keep all profits since AVA Trade does not charge any fees for depositing or withdrawing money. However, some customers may experience fees from certain credit card companies or banks. However, it is important to note that trading in currency and investments will always involve a risk. You should not invest the maximum amount unless you are an experienced trader and have some kind of insurance to support you. AVA Trade also provides free video courses and webinars to educate its customer base. It uses its platform to inform all users of the newest market news and offers a free-to download e-book for those who are interested in trading with currency.

 

5_SingupOpening an Account with AVA Trader

If you have decided to move on from the demo account, or if your time period is up, then you are probably ready to start investing real money. It is possible to open an account and start making profits with as little as 100 pounds, which can be deposited also in British pounds or American dollars. However, in order to get the previously mentioned deposit bonus, you will need to deposit 100 pounds or more.

There are four simple steps you need to take in order to create a demo or real account. First of all, you will need to fill out a registration form. Second, you will need to decide whether you want to create a demo or real account. Third, you will need to provide a form of identification as well as a current bill or invoice (no older than three months) that is in accordance with the strict regulation. After these processes, you will be able to make your first deposit via bank transfer or credit card before deciding on whether you want to download the software or use the browser version.

 

Wide Spectrum of Deposit and Withdrawal MethodsPayment

AVA Trade accepts deposits using credit cards, bank transfers and immediate transfers for those living in Europe. In addition, you can also deposit money immediately using digital payment methods such as PayPal, Skrill and Neteller. Withdrawals can be done using the same deposit methods and are normally transferred on the same working day.

 

Support Around The ClockSupport

AVA Trade’s customer support is thoroughly available, allowing traders full support during Forex trading hours, day and night. The support can be reached via live chat or telephone using the free hotline, and they also accept letters, faxes, and e-mails. Because of the excellent customer service that the broker provides, they received the Daily Forex Award at the Dubai Money Summit. In addition, the broker has a variety of information along with a wide range of training materials available on its website. Videos, webinars, and a free e-book relating to trading in currency all allow beginners to quickly learn the ropes. This alone can be a reason to choose AVA Trade.

 

The Bottom LineResumee

AVA Trade provides a wide spectrum of account models and trading products for both beginners and professionals. The extensive range of educational material for new-customers, fixed fees, and automatic trading using Meta-Trader, along with professional profit potentials, all come together to form an impressive package. The attractive bonuses make opening an account particularly rewarding and the distinguished customer service is just the icing on the cake.