Forex trading is increasingly becoming attractive to most investors around the world. That is probably why a lot of people have become more engaged and want to know more about how forex trade operates. One of the most important aspects of forex trading is having a reliable forex broker. Online forex brokers are important because they are the ones who introduce you to various financial markets as well as provide trading tools. For that reason, it is vital to make the right choice.
Facts about AvaTrade
AvaTrade review is one of the most trusted online forex brokers in the world. The company was founded in 2006 in Dublin, Ireland. Although most online forex brokers operate in a lot of obscurities, AvaTrade is regulated by major financial institutions in Europe such as the Central Bank of Ireland. The company is registered as an investment firm. Besides, it is also licensed and regulated in Australia Securities and Investment Commission (ASIC).
AvaTrade provides access to various financial markets ranging from Cryptocurrencies to commodities and stock indices. The company has two major types of accounts that is the free demo account and the standard trading account. The free demo account is meant for those traders who would wish to familiarize AvaTrade’s trading platform before commencing actual the trading. On the other hand, the standard trading account is the account used by all traders and anyone who wants to open will be required to deposit a minimum of $100.
Products and charges
As mentioned earlier, AvaTrade provides access to various financial markets. It offers access to Cryptocurrency trading, CFD’s, Commodities, stocks & indices among others. It is also important to note AvaTrade offers more than average spreads compared to other forex brokers. The company also does not charge any fee for standard withdrawals or termination of a trading account.
What you should know about AvaTrade
Unlike most of the online forex brokers, AvaTrade is licensed and regulated in the European Union by the Central Bank of Ireland. Besides, it is also licensed to operate in Australian Securities and Investments Commission (ASIC). The company does not offer extra protection on deposit made or custodial arrangements with local banks.