BrokAIr Reviews

AvaTrade Review

"AvaTrade is a broker that's been growing rapidly in popularity, but its lack of regulation might be cause for concern." Is AvaTrade too good to be true?

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AvaTrade is a global online brokerage founded in 2006 that provides over 250 financial instruments for trading. It is regulated by the Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), the British Virgin Islands Financial Services Commission (FSC), and the Financial Services Commission (FSC) of Japan.

The company has offices in Dublin, Sydney, Tokyo, and Milan, and serves customers from over 150 countries. AvaTrade offers advanced trading platforms, competitive spreads, and low leverages on a range of financial instruments. It also offers a proprietary trading platform as well as popular MetaTrader4.

AvaTrade is widely known for its customer service offerings, with support available in 14 languages. The company’s customer service staff is available 24/7 via email, phone, or live chat. Additionally, AvaTrade provides educational resources to help traders with their trading strategies and to keep up to date on market news.

Pros of AvaTrade include:

Potential cons of AvaTrade include:

AvaTrade was founded by Emmanuelle Neymarc and Negev Nof in 2006. The company has since grown to become one of the leading global online brokerages. Over the years, AvaTrade has received numerous awards including “Best Customer Support” at the Forex Magnates Summit 2014 and “Best Forex Broker” at the World Finance Awards 2015.

Public opinion of AvaTrade is generally positive with most reviews praising its customer service offerings, wide range of instruments, competitive pricing, and educational resources.

In 2018, AvaTrade announced its acquisition of a global liquidity provider in order to expand its services and increase its liquidity offering. In 2020, the company launched its proprietary CopyTrader platform which allows traders to copy trade from other successful traders. In 2021, AvaTrade launched its AutoTrading service which allows automated trading on various platforms including MT4 and MT5.