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AvaTrade Review

AvaTrade is based in Israel with a presence in the British Virgin Islands and a major office in Ireland. Established in 2006, the organization appears to be making headway towards becoming an attractive forex dealer. AvaTrade hasn't always had a stellar reputation, but has recently made serious strides in improving their trading conditions, as well as payment processing and customer support.

Order execution is now lightning fast, and there are a number of interesting instruments to trade. Also on offer are a number of trading platforms, including the excellent ActTrader and the almighty MT4. In our opinion, ActTrader is actually the superior product, but MT4 is the more familiar offering for most traders. A browser platform, as well as mobile platforms for every major mobile operating system are also available.

Payment processing is another area where improvements have been made. Withdrawals are handled quickly and efficiently, with no hidden charges. A good number of payment gateways are available, including PayPal, Moneybookers and NETeller.

NEW: You can now trade Bitcoins (BTC/USD) on AvaTrade!

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Subjective Ratings

Charting: Four star Charting Rating
Execution: Five star Execution Rating
User-friendliness: Four star User-friendliness Rating
Customer support: Four star Customer Support Rating
Transaction costs (spreads): Three and Half star Transaction Costs (spreads) Rating
Rollover interest rates: Three and Half star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating
Platform Functionality: Four and Half star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating
Average rating: Four and Half star Average Rating

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Business Details

Broker Headquarters: Tel Aviv, Israel
Regulated By: Central Bank of Ireland
Client Account Segregation: Client funds segregated in accounts at Commerzbank, NatWest, Allied Bank, Net Bank
Collect Taxes on Earnings: No
Accept US traders?:
Main liquidity providers: Unknown
Also has offices in: British Virgin Islands as well as Ireland (it is a question whether these are real offices or not).
Registered Business Name: AvaTrade
In business since year: 2006
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Diners Club $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
WebMoney $0 $0
Wire Transfer $0 $0 (min $500)

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Trading Conditions

Browser platform: AvaJava
Downloadable platform: AvaFX Metatrader 4 (MT4),AvaTrader (ActTrader)
Mobile platform: AvaJava (for Android),AvaJava (for Blackberry),AvaJava (for iPad),AvaJava for iPhone
Phone dealing: Yes
No Dealing Desk Execution: No
Fixed spreads: Yes
Guaranteed stop losses? No - orders executed at best available price
Hedging capability: Yes
Trading Hours: The platform is closed from Friday 9 pm GMT until Sunday 9 pm GMT
Timezone GMT
Scalping allowed: Fast trading is OK. Arbitrage is not.
Account currencies available: EUR, USD
Platform languages: Arabic, Chinese, Dutch, English, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Portuguese, Russian, Slovak, Spanish, Turkish
Support languages: Arabic, Chinese, Croatian, Dutch, English, Finnish, French, German, Greek, Hebrew, Hindi, Indonesian, Italian, Japanese, Malay, Norwegian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Slovak, Spanish, Swedish, Turkish, Urdu
Demo account: 21 days
Live chat support: Yes - very helpful staff
Promotions & tournaments: 25% bonus on your first deposit. AvaFX debit card available for easy withdrawals.
Swap-free accounts  Yes - no extra charges and available to everyone, not just Islamic traders
Typical spread on EUR/USD: 3 pips (0.0003)
Order processing: Market Maker
OCO orders available: Yes
Trailing Stops: Server-side
If/then orders available: No
Account Types
Account Maximum
Leverage
Minimum/Maximum
deposit:
Minimum/Maximum
trade size:
Notes
Silver 400:1* on MT4, 200:1* on ActTr $100/$999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Gold 400:1* on MT4, 200:1* on ActTr $1,000/$9,999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Platinum 400:1* on MT4, 200:1* on ActTr $10,000/unlimited 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Tradeable Instruments: 43   
Automated Trading: On MT4 and ActTrader
Depth of market view (Liquidity): No depth of market view available
Interest on Margin: No
Pending Orders Away from Market: 3 pips on EUR/USD

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* The high degree of leverage available in foreign exchange trading can work against you as well as for you. Investors should ensure they are fully aware of the benefits and risks before putting any money on the line.

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