AVATRADE-1422021597020

Aspect	Information
Company Name	AVATRADE
Registered Country/Area	Ireland
Founded year	2006
Regulation	FCA, ADGM ( Exceeded), ASIC ( Exceeded), CBI (Exceeded), FSA (Exceeded), FSC (Exceeded) , FSCA (Exceeded)
Cryptocurrencies offered/available	Bitcoin Gold, Bitcoin Cash, Ethereum, EOS, NEO, Dash, Chainlink, Uniswap, Litecoin, Stellar, Miota, Crypto10 Index, Shiba inu, Ripple, Dogecoin, Solana, Polygon
Maximum Leverage	2:1 (for EU residents) and 25:1 (for non-EU residents)
Trading Platforms	MetaTrader 4, AvaTradeGO, Webtrader, AvaOptions, MetaTrader 5
Deposit & Withdrawal	Bank wire transfer, credit/debit cards, e-wallets (PayPal, Neteller, Skrill, WebMoney)
Educational Resources	Articles, blog
Customer Support	24/5 customer support via live chat, contact us form, phone: +447520644093, social media: Facebook, YouTube, Instgram etc.

Overview of AVATRADE

AVATRADE is a virtual currency exchange that operates as a multi-regulated broker, offering a wide range of cryptocurrencies for trading. It is known for its user-friendly and diverse trading platforms, which include MetaTrader 4, MetaTrader 5, AvaTradeGO, Webtrader and AvaOptions. This allows users to choose the platform that best suits their trading strategies and preferences.

AVATRADE offers a variety of deposit and withdrawal options, including bank wire transfers, credit/debit cards, and popular e-wallets such as PayPal, Neteller, Skrill, and WebMoney. This flexibility in payment methods makes it convenient for users to fund their accounts and withdraw their profits.

It's notable that the exchange is under FCA regulation while exceeds ADGM, ASIC, CBI, FSA, FSC and FSCA regulation at the same time.

Pros and Cons

Pros	Cons
FCA Regulated	ADGM, ASIC, CBI, FSA, FSC and FSCA exceeded
Wide range of cryptocurrencies for trading
Diverse selection of trading platforms
Multiple customer support options

There are several advantages to using AVATRADE as a virtual currency exchange.

Firstly, the company is regulated by FCA which provides users with a sense of security and trust in the platform, as it must adhere to strict regulatory standards.

Secondly, AVATRADE offers a wide range of cryptocurrencies for trading, including popular options such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Stellar, NEO, EOS, and more. This allows users to have access to diverse markets and opportunities.

Additionally, AVATRADE provides a selection of trading platforms, such as MetaTrader 4/5, AvaTradeGO, Webtrader, and AvaOptions etc. These platforms cater to different trading styles and preferences, allowing users to choose the one that suits them best.

On the other hand, there are a few drawbacks to AVATRADE exceeds ADGM, ASIC, CBI, FSA, FSC and FSCA regulation. These could include limitations or complexities arising from compliance with multiple regulatory bodies, impacting operational agility and efficiency.

Regulation

AVATRADE is regulated by Financial Conduct Authority (FCA) with Regulation Number 504072, while exceeds multiple financial authorities' regulation, including the the Abu Dhabi Global Market (ADGM) with Regulation Number 190018, the Australia Securities & Investment Commission (ASIC) with Regulation Number 406684, the Central Bank of Ireland (CBI) with Regulation Number C53877, the Financial Services Agency (FSA) with Regulation Number Kanto Finance Director (Gold Merchants) No. 1662, the British Virgin Islands Financial Services Commission (FSC), and the Financial Sector Conduct Authority (FSCA) with Regulation Number 45984. The regulation status of AVATRADE is listed as “Exceeded” in all these regulatory agencies.

The license type for AVATRADE is a Common Financial Service License, and the corresponding license names include AVA Trade EU Limited, Ava Trade Middle East Limited, AVA CAPITAL MARKETS AUSTRALIA PTY LTD, アヴァトレード・ジャパン株式会社, AVA TRADE LTD., and AVA CAPITAL MARKETS (PTY) LTD.

Security

AVATRADE says it places a strong emphasis on the security of its platform and the protection of user funds.

One notable security measure is the use of advanced encryption technology to protect user data and transactions. This helps to safeguard sensitive information from unauthorized access.

In addition, AVATRADE follows strict know-your-customer (KYC) and anti-money laundering (AML) procedures. These procedures require users to provide identification documents and undergo verification processes to prevent fraudulent activities and ensure compliance with regulations.

Trading Market

AVATRADE stands out for its extensive array of cryptocurrency offerings, providing traders with access to a wide range of digital assets such as Bitcoin Gold, Bitcoin Cash, Ethereum, EOS, NEO, Dash, Chainlink, Uniswap, Litecoin, Stellar, Miota, the Crypto10 Index, Shiba Inu, Ripple, Dogecoin, Solana, and Polygon.

This diverse selection empowers users to explore various markets and seize opportunities across the rapidly evolving crypto landscape. Being able to access to these cryptocurrencies, traders have the flexibility to diversify their portfolios and capitalize on the potential gains offered by emerging and established digital assets alike.

In addition to its offerings in the cryptocurrency market, AVATRADE also provides a diverse range of market instruments, catering to traders' preferences and strategies. These include Contracts for Difference (CFDs) on foreign exchange (FX), stocks, commodities, indices, and options. This comprehensive selection allows traders to access various asset classes, enabling them to diversify their portfolios and capitalize on market opportunities across different sectors.

Trading Apps

AVA Trade offers a diverse range of trading platforms tailored to meet the needs of traders across various categories.

For Forex trading, AvaTradeGO stands out as a top choice, available on both Google Play and the App Store. Voted the Best Forex Trading App by the Global Forex Awards, it provides innovative technology at users' fingertips, offering live feeds, social trends integration, and unique risk-reducing features like AvaProtect™.

Additionally, AvaSocial enhances the trading experience by allowing users to connect with experts, learn from peers, and automate trades, catering to both beginners and advanced traders. It is available on both iOS and Android devices.

For options trading, the AvaOptions app, available on Windows, iOS, and Google Play, offers 13 option strategies, including spot, call, put, spread, straddle, butterfly, and more. Traders can manage their trades conveniently from their mobile devices, with access to various currency pairs, commodities, and customizable trade sizes. With live streaming trades and multibank liquidity, AvaOptions provides a comprehensive platform for traders to execute their strategies effectively and efficiently.

How to Open an Account？

The registration process of AVATRADE can be completed in six simple steps:

1. Firstly, users are required to visit the AVATRADE website and click on the “Register Now” button to begin the process.

2. Secondly, users need to fill in their personal information, including their full name, email address, and phone number.

3. Next, users will be asked to choose a username and password for their account. They should ensure that their password is strong and unique to protect their account security. After completing this step, users will receive a verification email to validate their email address.

4. Once the email address is verified, users can proceed to the next step, which is the submission of identification documents. This typically includes uploading a copy of a government-issued ID, such as a passport or driver's license, as well as proof of address, such as a utility bill or bank statement.

5. After the documents are submitted and approved, users can proceed to fund their account. AVATRADE offers various payment methods, including bank transfers, credit/debit cards, and electronic wallets. Users can choose the option that is most convenient for them.

6. Finally, users are required to accept the terms and conditions of AVATRADE and complete the registration process. Once done, users can access their account and start trading on the platform. It is important to note that additional verification steps may be required for certain account features or higher deposit/withdrawal limits.

Fees

AvaTrade employs a fee structure primarily based on spreads, with compensation for its services incorporated into the Buy/Sell (Bid/Ask) spread. This means that traders essentially “pay” the spread when opening a position, which is included in AvaTrade's quoted rates.

Additionally, traders encounter additional fees based on their trading activity. These fees include an overnight premium, deducted for holding positions after a specified time, and an inactivity fee applied after three consecutive months of non-use.

There's also an administration fee, charged annually after 12 consecutive months of account inactivity. Fees vary based on the account currency, with USD, EUR, and GBP accounts subject to different fee structures.

It's important to note that fees are subject to change periodically, and traders should review AvaTrade's fee schedule regularly for updates.

e Type	Description	USD Account	EUR Account	GBP Account
Buy/Sell Spreads	AvaTrade is compensated through the Buy/Sell (Bid/Ask) spread, which is incorporated into quoted rates.	-	-	-
Overnight Premium	Deducted from accounts for holding positions after the “Overnight Funding Time.”	-	-	-
Inactivity Fee	Applied after 3 consecutive months of non-use, with a fee deducted from the trading account value.	$50	€50	£50
Administration Fee	Charged annually after 12 consecutive months of non-use, offsetting the cost of service availability.	$100	€100

Deposit & Withdrawal

AVA Trade offers a wide selection of payment methods available, including credit/debit cards, bank wire transfers, and various e-payment options, users can choose the method that suits them best.

The verification process, adhering to KYC regulations, is required for withdrawals to ensure security and compliance. Deposits are typically processed swiftly, with credit/debit card deposits often credited instantly, while bank wire transfers may take up to 7 business days. Withdrawals are also processed promptly, usually within 24-48 hours after verification, with delays possible due to banking procedures.

Educational Resources

AvaTrade offers a comprehensive library of educational resources catering to traders of all levels. Whether you're a complete beginner or looking to refine your existing skills, they provide a variety of articles covering topics like:

• Trading basics: Learn the fundamentals of online trading, including different markets, order types, and trading strategies.

• Specific asset classes: Deep dive into specific areas like stock trading, currency trading, and even short selling.

• Trading tools and techniques: Understand technical analysis indicators, explore copy trading, and discover efficient order management.

• Market knowledge: Gain insights into economic indicators, market terms, and essential trading rules.

This comprehensive suite of educational resources aims to equip you with the knowledge and skills needed to navigate the world of online trading.

Is AVATRADE a Good Exchange for You？

AvaTrade is best for traders who value a regulated trading environment and access to multiple platforms.

• Regulation: AvaTrade is regulated in multiple jurisdictions such as FCA, which can give some users peace of mind knowing they are dealing with a reputable company.

• Multiple Trading Platforms: AvaTrade offers a variety of user-friendly platforms, including industry standards like MT4 and MT5, their own mobile app (AvaTradeGo), and a web-based platforms. This provides flexibility for users to choose a platform that suits their preferences.

Controversies the Exchange Has Experienced

AvaTrade has been involved in a few controversies over the years. Some of the most notable controversies include:

• In 2017, AvaTrade was fined €1.3 million by the Financial Conduct Authority (FCA) for misleading customers about the risks of trading CFDs. The FCA found that AvaTrade had not adequately explained the risks of CFD trading to its customers, and that it had made misleading claims about the potential profits that could be made from CFD trading.

• In 2018, AvaTrade was sued by a group of investors who alleged that the company had engaged in market manipulation. The investors claimed that AvaTrade had artificially inflated the price of certain cryptocurrencies in order to profit from the trades of its customers. AvaTrade denied the allegations, and the case is still ongoing.

• In 2020, AvaTrade was the subject of a complaint by the Australian Securities and Investments Commission (ASIC). The ASIC alleged that AvaTrade had failed to comply with certain regulations, including the requirement to provide customers with adequate information about the risks of trading CFDs. AvaTrade denied the allegations, and the case is still ongoing.

Conclusion

In conclusion, AVATRADE offers a spread-based fee structure that provides transparent and straightforward fee calculations. The absence of deposit fees and a wide range of deposit and withdrawal methods provides flexibility for users. The educational resources and tools provided can benefit traders at different levels of experience. However, there have been reports of technical issues and difficulties navigating the trading platform, and user experiences with cryptocurrency trading have been mixed. It is recommended for potential users to carefully consider their own needs and conduct thorough research before deciding to trade on AVATRADE.

FAQs

Q: What kinds of trading instruments are available on AVATRADE？

A: AVATRADE offers a variety of trading instruments, including cryptocurrencies, forex, indices, commodities, stocks, cryptos and options.

Q: Are there any fees for deposits on AVATRADE？

A: AVATRADE charges inactivity and administration fees.

Q: What are the deposit and withdrawal methods available on AVATRADE？

A: AVATRADE offers options for bank transfers, credit/debit cards, and electronic wallets like Neteller and Skrill for depositing funds.

Q: What languages does AVATRADE support for customer support？

A: AVATRADE supports multiple languages, such as English, Spanish, French, German, Italian, Portuguese, Dutch, Greek, Arabic, Russian, Chinese, Japanese, and Polish, among others. Traders can select their preferred language for communication with the customer support team.

Q: Can I contact AVATRADE's customer support team outside of market hours？

A: AVATRADE's customer support services are available during market hours, which are typically from Sunday 22:00 GMT to Friday 21:00 GMT.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.