There are a lot of shady companies in the Forex industry, making it hard to know who to trust. People want to do business with a company that is regulated by government authorities. Reviews show that AvaTrade is a company that fits the bill in a company that you’ll want to use to trade currencies, including cryptocurrencies. You can also trade CFD’s (Contract For Difference) on AvaTrade platforms.
The reviews show that AvaTrade is a good broker and one that is properly regulated. They also offer trading platforms that are easy to use with great tracking ability. Being based in Ireland, AvaTrade is regulated by the Central Bank of Ireland. It is also regulated by the Spanish government’s National Securities Market Commission. This makes them a reliable and safe company to conduct your trades through.
The reviews say that rather than charging commissions for trading AvaTrade this company instead just charges a flat monthly fee. This means you can trade as much as you want without incurring higher costs for doing so. This is one of the big selling points among active traders as no commissions mean they save a lot of money. They also offer highly competitive spreads compared to competing companies.
AvaTrade was established in 2006. They operate on a global basis (excepting the United States) and have more than 200,000 customers. Every month this company’s customers do about $60 billion worth of trading each month, amounting to around 2 million trades. They were also one of the first to start allowing people to trade the increasingly popular cryptocurrencies like Bitcoin, Litecoin, and Ethereum.
AvaTrade was founded by two financial experts with years of industry experience. This was Negev Nosatzki and Emanuel Kronitz. They partnered with Clal Finance Ltd. which has offered financial products for years. Both of them are highly known experts in currency markets. Among the trading platforms they offer their customers are MetaTrader 4, AvaTrader, and MT4 for AvaOptions among others. In addition to being able to make trades on a desktop or laptop AvaTrade also offers mobile apps for both Android and iPhone devices.