Apart from providing brokerage services, AvaTrade is a platform where investors can find information regarding the Forex market. The market is marred by technicalities such as differences in time zones rendering trading currency pairs somewhat complicated. Beginner investors with no idea where to find market information often blow their account in days. There are only a few wise ones who turn to AvaTrade.
The AvaTrade website is user-friendly, straightforward, and defines to you precisely what to expect from the onset. The platform offers you the necessary information around the Forex market as well as how to trade currencies. Before trading, AvaTrade clearly states the commission they charge for each closed deal.
After signing up, AvaTrade offers a crash course that’s intended to introduce you to Forex trading. The course covers essential currency-specific information such as time zones, the best time to trade, and the appropriate lot sizes to use. Only the investors who study and understand this crash course make reasonable profits from Forex trading.
However, do not confuse AvaTrade for a trading robot and expect it to make automatic profits for you. The platform only provides critical information, but all trading decisions are entirely your own. Also, do not expect to understand all the trading tips and market information in a day. Even career traders with decades of experience admit to learning something new about the market every day.
AvaTrade was launched in 2008 primarily as an online Forex and CFDs broker. The firm has since diversified to include brokerage services for Exchange Traded Funds (ETFs), bonds, indices, commodities, stocks, and cryptocurrencies such as Bitcoin. AvaTrade has customers spread across the globe, but its headquarters are in Dublin, Ireland. The company also maintains local offices in cities such as Milan, Paris, Sydney, Tokyo, and South Africa.
Over the past decade that AvaTrade review has been operational, the company has gained popularity and experienced exponential growth. The broker executes trades worth $60 billion courtesy of its 200,000 active subscribers who transact close to 2 million deals every month. This performance is significantly attributed to AvaTrade’s excellent customer support which is available in multiple languages.