Is AvaTrade a reliable broker? Is it genuine or a scam? How much does AvaTrade charge its clients? Does it have complex or simple trading tools? What features does it have? These are just some of the important questions most traders often seek to know. In this AvaTrade review, we would like to handle most of these questions and let you make your judgment whether AvaTrade is a reliable forex trader or not. It is always important to know the details of a forex brokerage firm before deciding to trade with them.
Is AvaTrade a scam or is it a reliable forex broker?
This is one of the most asked questions in the forex trade world. First of all, let us begin by allaying fears that AvaTrade might be a scam. The company has a clear historical background having been formed in 2006 in Dublin, Ireland. Besides, it is licensed and regulated by various financial institutions in Europe and Asia including the Central Bank of Ireland CNMV from Spain.
Besides that, AvaTrade has some of the most competitive spreads in the forex market. The broker doesn’t also charge any commission for trading like other forex brokers. That is probably why AvaTrade has a lot of positive reviews among traders. The other advantage about AvaTrade is that it allows huge leverages that can reach up to 1:400. However, it is important as a trader to note that such leverage involves high risks but can also be a great opportunity for experienced traders.
Security and charges
Although we have already mentioned about it, it would be important to again expound about the safety of AvaTrade. Since it is an Irish company, AvaTrade is licensed and regulated by the Central Bank of Ireland. In addition to that, it is also checked by the Spanish CNMV.
It is a fact that AvaTrade is one of the few online forex brokers with a physical office on site. The company has its main office in Dublin, Ireland, and several other offices in Australia and Japan. The fact that the company has a physical office often gives traders confidence, unlike forex brokers without physical locations.