AVATRADE
| Title | Title |
|---|---|
| Year founded | 2006 |
| Location | Ireland |
| Regulation | ASIC (Australia), C.B.I. ( Ireland), PFSA (Poland), BVIFSC(B.V.I), F.S.A. (Japan), SaFCA(S.A), and FSRA (M.E) |
| US Available | No |
| Trading instruments | Currencies, Crypto, Stocks, ETFs, Commodities, Indices, FX Options, and Bonds |
| Trading platforms | MetaTrader4®, MetaTrader5®, WebTrader, and Avatrade Go |
| Minimum deposit | $100 |
| Deposit methods | Wire Transfer, Credit Cards, and Ewallet |
| Base currencies | 5 |
| Inactivity fee | Yes |
| Withdrawal fee amount | $0 |
| Max. Leverage | Up to 1:500 |
| Min. Spread | 0.9 pips |
| Currency pairs | 55 |
| Demo account | Yes |
| Social / Copy trading | Yes |
| Automated trading | Yes |
AvaTrade does not hold back when it comes to regulation, as many top-tier authorities worldwide regulate this broker. The company offers Metatrader 4® and 5® alongside the AvaTrade go app, which the Global Forex Awards ranked as the best for the year 2020. You can deposit a minimum amount of $100 through credit card, bank transfers, and e methods. It takes 1 to 2 days to complete your withdrawal requests, and account verification is necessary for any cash outs.
The broker attracts traders through various promotions and benefits, including welcome, deposit, and referral bonuses. Market participants with aggressive styles can use the 400:1 leverage to maximize the risk on their account. The company has a comprehensive education section on its website with a vast collection of articles for traders of all experience levels. The minimum available spread on the platform is 0.9 pip. The professional accounts provide additional benefits in terms of costs, withdrawals, and customer support. You can attain the pro portfolio if you satisfy the following conditions:
- Trading for the last 12 months
- Minimum 500,000 euros in the account
- Experience in the financial industry
Customer services for regular customers are available via live chat 24/5. You can also call them or visit them in their office.
Pros
- Requires a minimum deposit of only $100
- It takes only a few minutes to set up an account
- Free of charge deposit and withdrawals
- Award-winning Avago application
- Quality educational material
Cons
- Inferior chat support
- No US clients allowed
- Few deposit methods
End of the Line
Forex Copier software can be used to diversify your brokers. The auto trade copier has two different versions to meet all your copy trading needs:
- Forex Copier 3 copies all your trades on the same PC/VPS
- Forex Copier Remote 2 that copies all your executions remote from one PC/VPS to another
A team of competent and experienced forex traders developed Forex Copier. They initially made the software for their own needs and, therefore, included everything that might help a trader gain an edge in mirror trading, including copytrading avatrade. The mirror trading software possesses an answer to all of your trade copying needs. Various benefits are at one’s disposal through the use of the trade copier, including:
- The ability to diversify your risks by spreading your equity to several accounts
- Automatic stop loss adjustments
- Price adjustments
- Lot/risk management
- Emergency stop
- Order filtering
Forex Copier is not affiliated with any brokerage yet provides support to copy positions from each. By installing Forex Copier on your PC/laptop, you can link two MetaTrader® platforms to copy trade mt4® and mt5® account positions.
