Avatrade is a CFD and Forex broker that was established in 2006. It is previously known as AvaFX and it offers a wide selection of markets which include Forex, commodities, stocks, treasury bonds, indices including litecoins and bitcoins CFDs. Avatrade has been recognized as a well-established broker and it is regulated by the Central Bank of Ireland.
Avatrade is suitabe for both new and experienced traders. They can open an account from this broker for as low as $100 and the cost may still depend on their country and its currency. Unfortunately, Avatrade is not willing to accept traders from the United States.
Avatrade is different from most brokers today because they let you trade bitcoin CFD. This broker is one of only few brokers that offer this kind of opportunity. Anyone can start trading bitcoins CFDs with a leverage ratio of up to 20:1. The spread is 6 dollars under typical circumstances but it can vary as well. The plartform of Avatrade is very clean and perceptive to use.
Avatrade doesn’t charge any fee and it is because this broker is compensated through spreads. This broker gives floating and fixed spreads depending on the platform used by traders. When it comes to the deposit and withdrawal methods, Avatrade also offers its traders with a pretty much easier way to fund their account. There are various methods that they can use to do it and these include credit cards, wire transfer and electronic payments like PayPal but this option is not good for EU customers.
All of these 3 options, most traders prefer debit card funding since the cash will deposited to their account immediately when they use this technique. If the traders will need to withdraw, they must fill out the withdrawal form. They have to wait within 5 working days for the processing of their request. If the traders wish to withdraw their profits, they can apply for Ava Credit Mastercard and use it for that particular purpose. However, this is only available for US dollar accounts up to this time.
Avatrade also gives out bonuses to its traders.New customers can get a bonus of up to $10,000 when they open an account and fund it. The cost of their bonuses may go higher depending on how much they fund their account. Terms and conditions apply.
Avatrade is one of the most popular Forex and CFD trading platforms today. This broker offers a very lucrative opportunity for anyone who wants to become a Forex trader. Its platform is user-friendly and it offers great bonuses to all traders.