Finding a reliable online forex broker is never an easy task especially if you are new to forex trading. There are numerous forex brokerage companies online hence making it even harder to know which one is genuine and which one is not. Whether you are an amateur or an experienced trader you always require the services of a forex broker in order to participate in the forex market. In this review, we have decided to dig deeper into one of the largest online forex brokers, AvaTrade and try to answer some of the pertinent questions always asked by people interested in the trade.
AvaTrade is a forex brokerage firm based in Dublin, Ireland. The company was formed in 2006 and has grown ever since to become one of the largest forex brokers in the world. Unlike most of the online forex brokers, AvaTrade has physical offices in various parts of the world including Tokyo, Sydney, New York, Millan, Dublin, among other places. Besides, the forex brokerage firm is regulated by various financial institutions from various countries in Europe and Asia. Some of them include The Central Bank of Ireland, the Financial Service Commission (FSC) in Japan, ASIC in Australia, among others.
Pros and Cons of AvaTrade
There are several advantages of trading with AvaTrade broker review. The following are some of them
AvaTrade offers a platform where its traders can access multiple financial markets globally.
AvaTrade provides 5 trading platforms that traders can choose from
AvaTraders is one of the few forex brokers that never allow an account balance to drop below zero.
AvaTrade offers guidelines on its platform that assist both experienced and inexperienced traders.
AvaTrade does not offer volume discounts
Withdrawal of funds gained in AvaTrade can last up to 10 days.
There is no way to avoid continued losses in your trading account.
In general, AvaTrade is one of the best forex brokers to work with. The fact that it is regulated by major international financial institutions gives customers confidence that their funds are always secure. Besides, it has physical locations in different countries around the world.