Some online traders often underestimate the power of forex brokers. What they don’t understand is that forex brokers are the ones that introduce them to different financial markets. For that reason it imperative to ensure that you chose not only a credible forex broker but a reliable one as well.
There are numerous forex brokerage firms online and that makes it even harder to identify those who are genuine. In this review we seek to find out more about AvaTrade, one of the largest online forex brokers in the world. If you are not satisfied or happy with your current broker this will be an opportunity for you to make the right choice.
Who is AvaTrade?
The most important thing to do before choosing a forex broker is to know exactly who they are. Unfortunately, most online forex brokers do not avail detailed information about themselves hence casting doubt on their credibility. However, AvaTrade is well known across the world. The company was founded back in 2006 in Dublin, Ireland. It has since then grown to become a multi-national forex company with operations in more than 140 countries.
Can AvaTrade be trusted?
Yes of course. The fact that AvaTrade review makes available most of its important information gives traders confidence to trade with it. Besides, the company is licensed and regulated by several financial institutions around the world. Some of them include the Central Bank of Ireland, ASIC in Australia and two other major regulators in Japan. This implies that AvaTrade has to comply with all the financial regulations in those countries before it can offer its services.
Get the full review: https://www.investopedia.com/broker/avatrade-review/
Types of trading accounts offered by AvaTrade
AvaTrade has two main accounts on its platform. The first one is the free demo account where traders who would like to familiarize with the platform can open it for free. The second is the standard account which traders can open with a minimum of $100. Anyone ready to start trading can deposit the money either through their credit card or wire transfer.
In general, AvaTrade offers one of the best forex trading platforms in the world. The fact that it is licensed and regulated by various financial institutions makes it even more trustworthy.