AvaTrade has been a power player in online trading since inception in 2006. The company is focused on innovative solutions for retail traders. Today, AvaTrade features some 200,000 clients around the world, with more than 2 million trades per month. AvaTrade offers a range of financial trading options, including BTC trading. The company is regulated by multiple authorities in many jurisdictions, including the European Union, Australia, Japan, the British Virgin Islands, and in South Africa.
How does AvaTrade work?
To get started at AvaTrade, clients simply need to complete the online registration. The registration process can be shortened by using G+ or Facebook to register. Once all the necessary information has been completed, traders will be able to access a demo account or a real money account. When trading Bitcoin (BTC) at AvaTrade, clients get to enjoy leverage of up to 20:1, on the MT4 platform or AvaTradeAct. Bitcoin trading runs 24/5 in a CFD format. The minimum required deposit for trading Bitcoin is $100.
Who should use AvaTrade and why?
AvaTrade is ideal for casual traders and professional traders. The trading platforms are suited to anyone wanting to trade stocks, commodities, indices, forex, and cryptocurrency. Traders who want to enjoy the benefits of BTC trading, such as zero commissions and no bank fees will find this online broker much to their liking. AvaTrade offers CFD trades on underlying assets; these are derivative trading instruments with speculative trades on asset price movements. Each of the trading platforms at AvaTrade provides hundreds of tradable instruments, charts, tools, and indicators. Plus, there are unique automated trading platforms in the form of ZuluTrade and Mirror Trader for clients.
Exchange Rate & Fees
AvaTrade generates its profits through the spread. This is the difference between the bid price and the ask price. There are potential charges on the following: spreads, overnight interest, maturity rollover, corporate actions, and an inactivity fee. Any positions that are held after 10PM may have overnight premium charges tacked on. All BTC weekly and Litecoin weekly trades expire weekly. All open positions will be closed out at 9 pm on Friday at the market rate.
Deposit Options for the different Locations
AvaTrade allows traders to use multiple deposit options, including wire transfers, credit card, debit cards and e-payment options. Debit cards and credit cards require a minimum deposit of $100, and wire transfers require a minimum transfer of $500. The range of e-payments options includes WebMoney, Skrill, Neteller and PayPal. Note that these e-payment options are not available to traders from Australia or the European Union.
How easy is it to use AvaTrade?
The AvaTrade platforms are user-friendly, thanks to a comprehensive trading for beginners’ section. This provides valuable info on all aspects of the AvaTrade platforms. Info on forex, stocks, commodities, indices, CFDs and Bitcoin is available. Traders can practice BTC trading on the demo trading platform before trading for real money.
Is AvaTrade safe and reliable?
AvaTrade is a fully licensed and regulated investment enterprise. In the EU, it is regulated by the Central Bank of Ireland (C53877), in Australia it is regulated by ASIC (406684), and Internationally it is regulated and licensed by the B.V. I. Financial Services Commission. Other territories include South Africa (45984), and Japan (1662).
There are multiple trading platforms at AvaTrade, including MetaTrader 4, AvaTradeAct, Floating Spreads, MT4, AvaOptions, Automated Trading, mobile trading, Mac trading, and web trading. The company uses proprietary trading software for manual and automated trading.
How long does it take to purchase a Bitcoin with AvaTrade?
Traders can easily purchase Bitcoin at AvaTrade at the click of a button. The MetaTrader 4 and AvaTradeAct platforms make this possible. Note that Bitcoin can be traded 24/5 with leverage of up to 20:1.
AvaTrade Customer Support
AvaTrade support is available via Live Chat, email, and FAQ. The customer service representatives are knowledgeable about all aspects of online trading, technical and registration issues.
Clients get to enjoy deposit bonuses from AvaTrade, including Referral Bonus offers. There are multiple trading platforms available, and each of these comes with special features and trading options.
Clients enjoy the trading options provided by AvaTrade. These include a wide range of forex and CFD services. The Bitcoin trading option is particularly popular, alongside ETFs, indices, bonds, commodities, and equities.
AvaTrade is a reputable trading brokerage. It has been handsomely rewarded over the years and operates under the strictest regulatory organisations. Not only is AvaTrade internationally respected, it is an ideal option for novices and experienced Bitcoin traders alike.