What is AvaTrade?
AvaTrade is among the most popular trading platforms in Australia and elsewhere globally. Satisfied users highly praise it for its simplicity and helpful features and tools.
AvaTrade works with respected financial institutions to offer its 200,000 members secure and safe trading. Traders can take advantage of mobile trading platforms and those designed for PC use. There is also a dedicated platform for Mac users.
Founded in 2006, AvaTrade rapidly established a foothold in a fast-growing market and has evolved into one of the most innovative Forex trading platforms. It is fully licensed in Australia as part of the AvaGroup, which also holds licenses in Ireland and Japan, Canada, Middle East and South Africa.
Let’s have a look at the features that you need to know about.
The Features of AvaTrade You Need to Know About
If you have used a Forex trading platform, you may have needed help to get to grips with it. Many have yet to look closely at the navigation element. AvaTrade, however, has put a lot of effort into ensuring that all of its tools are easy to use.
Here are some of the features that we find interesting:
- User-friendly design and operation.
- Demo account for practice trading.
- Choice of four Real Accounts of different levels.
- Multiple trading platforms available.
- Wide range of markets to choose from.
- Full suite of educational materials.
The above are all positive aspects of the AvaTrade Forex trading platform, so what are the downsides?
In truth, we couldn’t find much that we didn’t like about AvaTrade, but one criticism is that the sheer choice of trading platforms and markets may be daunting to those not comprehensively experienced in Forex trading.
Who is AvaTrade Best For?
Forex trading is not something one should enter into lightly and without knowledge. It is surprisingly easy to lose money – and a lot if you’re not careful – in these markets.
This is why we welcome AvaTrade’s Demo Account feature. This allows you to trade as in real life but with fake funds. It’s not only educational and gives you trading experience, but it’s a lot of fun. For this reason, we would happily recommend AvaTrade to persons looking to get into trading Forex Australia.
Another great feature is AvaProtect. The ultimate risk management tool. Exclusive to AvaTrade, AvaProtect allows you to get your money back on losing trades.
Whether you are a beginner or you already know your way around a trading platform, AvaTrade offers a wide range of trading tutorials that can help you start on the right foot or master your skills.
The range of educational tools will also appeal to the inexperienced trader, so where does that leave the experienced Forex traders?
Put simply, AvaTrade offers a surprisingly wide choice of trading platforms – each backed by reputable financial institutions – plus a massive selection of markets, so is appealing to even the most experienced of Australian Forex traders.
Why is AvaTrade Best for Australian Traders?
The Australian Securities and Investments Commission (ASIC) has awarded AvaTrade a license which guarantees it to be secure and operating to acceptable safety standards. It has also been granted an Australian Financial Services (AFS) license. Traders can take these licenses as a solid reason to consider AvaTrade a viable platform.
Should You Choose AvaTrade?
Is AvaTrade the Forex platform for you? Australian traders have a wealth of choice, and we strongly recommend reading reviews of other platforms for comparison.
The popularity of AvaTrade should come as no surprise. This is a well-designed and comprehensive Forex trading option that offers a range of platforms and different levels of trading accounts.
Newcomers will appreciate the Dummy Account, which we recommend you look at.
This brief review has given you an overview of the features that AvaTrade brings to the table.