AvaTrade, which operates under the umbrella of the AVA Group, was founded in 2006 and is both one of the oldest and a leading online forex trading platform. The company has grown to now possess four headquarters worldwide which are located in Australia, Ireland, Japan, and the British Virgin Islands.
It is important when choosing a Forex broker to make sure that the company being considered is regulated by a recognized governing body. AvaTrade is recognized by official governing bodies in each of the four countries that it maintains centers of operations.
The company has also been honored with numerous awards given due to reputation and reliability including Best Alert System, Best Customer Support, and Forex Broker of The Year.
AvaTrade also impresses uses with the variety of trade platforms offered by the company. From the beginning trader to the skilled veteran, and everything in between, AvaTrade offers a trading platform that fits the need.
There are two main account types offered by AvaTrade. The first account type is the standard account. This account can be opened with a minimum of $100 if using a credit card and $500 if a wire transfer is used to fund the account.
Demo accounts with AvaTrade do not require a monetary deposit and allow beginning traders to practice their craft through simulation utilizing real-world tools and the AvaTrade platforms.
In addition to these two main account types, there is also the ‘swap free accounts’ available to Muslim traders that accommodate the Sharia Law requirements of interest-free trades. Professional traders can also utilize AvaTrade’s MAM accounts that have added features to allow for the convenient management of several or more client accounts.
AvaTrade also sweetens the pot for investors by offering a variety of bonuses and giveaways at different times of the year. The most common bonus is the initial deposit bonus which is dependent upon the amount of a users initial investment and has been as high as $1400. AvaTrade also gives referral bonuses of up to $400 to traders who provide leads to other traders that sign up with the platform and begin to trade.