AvaTrade is an online broker that trades Forex, commodities, cryptocurrencies, etc. Before you sign up with it (or any other broker), there are a few things you should know. Let’s sum them up.
Knowing the prices is essential. For example, when you read the AvaTrade review, you’ll see that you can start for free. A demo account doesn’t require money and lets you trade with virtual cash. This might be a wonderful opportunity to try trading completely risk-free. More experienced traders can find it useful to test the system and see if AvaTrade is worth their attention.
Visit the official website to discover the typical spreads and compare the commission with other brokers. AvaTrade makes money by widening the bid/ask spread.
Comparing to other online brokers, AvaTrade has very similar security protection. It includes 256-bit SSL encryption and McAfee Secure. The site also has the True-Site identity assurance seal.
AvaTrade is a WebTrust compliant which implies that keeping clients’ money and personal data safe is a number one priority. The broker is licensed in many countries and regions. It follows the strict rules and security guidelines of the regulatory bodies.
All in all, AvaTrade is an ordinary online broker. Being based in Dublin, Ireland, it operates in numerous countries and has over 200k users. It’s also known for having a huge knowledgebase that has lots of trading literature and webinars.