AvaTrade Exchange Review
AvaTrade is committed to empowering people to invest and trade, with confidence, in an innovative and reliable environment; supported by best-in-class personal service and uncompromising integrity.
|Supported Trading Coins||Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), EOS (EOS), IOTA (IOTA), Dash (DASH), NEO (NEO), Stellar (XLM).|
|Supported Payment Methods||Credit/Debit cards (VISA/Mastercard/Maestro) , Bank transfer , Paypal , Skrill , Neteller ,WebMoney|
|Supported Countries||Austria, Australia, Bulgaria, Canada, Chile, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, France, Finland, Germany,Greece, Hong Kong, Hungary, Ireland, Italy, Latvia, Luxembourg, Lithuania, Malta, Netherlands, Norway, Poland, Portugal, Qatar, Romania, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Syria, Thailand, Turkey, Tunisia, UAE, Uganda, Ukraine, UK.|
|Minimum Amount of Deposit||Deposit Via Credit card, Wire Transfer or E-wallets:
USD account – USD $100
EUR account – €100
GBP** account – £100
AUD** account – AUD $100
More About AvaTrade :
AVA Trade Ltd is regulated by the B.V.I Financial Services Commission. AVA Trade EU Ltd is regulated by the Central Bank of Ireland (No.C53877). Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (No.406684). Ava Capital Markets Pty is regulated by the South African Financial Sector Conduct Authority (FSCA No.45984). Ava Trade Japan K.K. is regulated in Japan by the FSA and the FFAJ (No.1662).
The web trading platform of AvaTrade is both intuitive and accessible, to provide a seamless user experience. It provides a detailed graph/chart for users to analyze the price movements of various assets. It supports 20+ languages including Spanish, French, Italian, German and Portuguese. Moreover, AvaTrade offers advanced trading platforms like MetaTrader 4, MetaTrader 5 and automated trading platforms such as DupliTrade and ZuluTrade.
Like most of the trading platforms, AvaTrade allows users to trade on the go using its mobile/smartwatch app on both iOS and Android devices. Moreover, AvaTrade offers a free demo account (which is valid for 3 weeks) that helps users test their trading skills sans the risk of losing money.
The following review analyses several aspects of AvaTrade, whilst providing you with an all-rounded detailed overview of the trading platform and its services. Although Cryptimi does its best to provide you with accurate information, whilst aiming to update it on a regular basis, we strongly recommend that you visit their site for any important updates which might occur after this review is published.
Is AvaTrade Safe?
AvaTrade stores all users’ confidential information on secure servers. All transactions made on the platform are encrypted using SSL technology. It stores the customers’ funds in segregated client bank accounts to provide maximum protection.
AvaTrade CFD Trading Platform
AvaTrade allows users to trade CFDs of the most popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple. Apart from cryptos, AvaTrade also offers CFD trading in stocks, forex, commodities, indices, bonds, and ETFs. To get the full list of financial assets available on AvaTrade, check out their website. In addition to their demo account, AvaTrade provides an educational blog to aid its users in understanding the fundamentals of trading. No matter how experienced you are, AvaTrade can help you learn more about Order Types, Economic Indicators & Trading For Beginners.
AvaTrade won several awards including:
- Best Forex Broker in2019
- Most Innovative CFD Broker in 2019
- Best Educational Broker in 2018
- Best Dealing Room in 2017
The web trading platform of AvaTrade is simple and easy to navigate. With its elaborate graphs/charts, users can easily understand the price changes of assets. However, it doesn’t provide any option for users to create price alerts or notifications. Of course, users can add the assets they would like to watch to ‘Favorites’.
AvaTrade CFD Trading Account
The sign-up process on AvaTrade is extensive since you need to fill in an application form which has various fields including your name, address, phone number, income, and assets.
In addition to a standard account, AvaTrade offers Professional Trading as well. However, users need to satisfy the eligibility criteria for creating a professional account.
How to Sign up with AvaTrade
Follow the below steps to create your account on AvaTrade:
- Navigate to their site and click ‘Register Now’.
- Enter your first name, last name, email, phone number and click ‘Create Account’. Alternatively, you can create an account on AvaTrade using your existing Facebook/Google account.
- Follow the on-screen instructions to fill in the required fields.
Congratulations! You have successfully created your account on AvaTrade. You will now be redirected on to your account dashboard. However, you must complete the KYC procedure by uploading the required documents to verify your identity before starting to trade on this platform.
How to Log in on AvaTrade
To log in to your account, follow the below steps:
- Navigate to their site and click ‘Login’ on the to right.
- Enter your email address, password and click ‘Login’.
Now, you will be logged in to the web trading platform of AvaTrade.
Since AvaTrade is a regulated trading platform, you must verify your phone number and submit all the required documents to confirm your account, before starting to trade. To verify your identity, you must upload a copy of a valid government-issued ID such as a passport, driving license or your national identity card. To verify your address, you can upload a bank statement, utility bill, tax statement or phone bill.
How to Buy or Sell Bitcoin CFDs with AvaTrade
Before buying/selling CFDs, you will first be expected to verify your account and already have deposited the required funds.
How to Deposit Funds on AvaTrade
Follow the below steps to deposit funds on your account. The minimum deposit amount is 100 EUR/USD/GBP/AUD (for cards/e-wallets). For wire transfers, the minimum deposit amount is 500 EUR/USD/GBP/AUD.
- Log in to your account and click ‘Deposit’ on the justify.
- Select your deposit method (Card/Wire Transfer/e-Wallet).
- Select your deposit account and enter the amount of deposit.
- Follow on-screen instructions and fill all required fields related to your payment method.
- Finally, click ‘Deposit’.
Once your transaction is processed, funds will be credited to your account. Generally, wire transfers might take long (up to 10 business days) when compared to e-Wallets.
Now, let’s take a look at how to buy/sell Bitcoin CFD on AvaTrade.
- Log in to your account and click ‘Trade’.
- Select BTC from the list of assets.
- Click ‘Buy’ or ‘Sell’ button depending on the direction of your trade.
- Enter the volume of your order and click ‘More Options’.
- Select from: Take profit/Stop Loss/Execute When Price Hits, to set the order type.
- Click the ‘Buy’ or ‘Sell’ button to place your order.
Once your order is placed, you can track the status of your assets under ‘Open positions’.
Warning: Forex/CFD, Spread-betting & FX Options trading involves substantial risk and possible loss of funds. Moreover, this kind of trading is not suitable for all investors. It is highly recommended for you to read the AvaTrade risk disclosure before venturing into such a financial investment.
How to Cash Out on AvaTrade
Since AvaTrade strictly follows an AML policy, you can request a withdrawal through the same payment method by which you funded your account. You must withdraw up to 200% of your deposit to your credit/debit card, and only then may you withdraw using another method in your own name.
- Log in to your account and click the ‘Menu’ icon (Three horizontal lines).
- Click ‘Withdraw’.
- Follow on-screen instructions to fill all required fields.
- Finally, click ‘Submit’.
Generally, your withdrawal requests will be processed within 1 business day. However, it might take up to 5 business days for credit/debit cards, 24 hours for e-wallets and up to 10 business days for Wire transfers.
At the time of writing, AvaTrade supports trading the following cryptocurrency CFDs:
Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), EOS (EOS), IOTA (IOTA), Dash (DASH), NEO (NEO), Stellar (XLM).
To get the latest list of cryptocurrencies supported by AvaTrade, kindly check out their website.
AvaTrade accepts members from a lot of countries worldwide to trade CFDs.
The Top 50 countries supported by AvaTrade are given below:
Austria, Australia, Bulgaria, Canada, Chile, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, France, Finland, Germany,Greece, Hong Kong, Hungary, Ireland, Italy, Latvia, Luxembourg, Lithuania, Malta, Netherlands, Norway, Poland, Portugal, Qatar, Romania, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Syria, Thailand, Turkey, Tunisia, UAE, Uganda, Ukraine, UK.
At the time of writing, AvaTrade doesn’t accept residents from the USA, Pakistan, Afghanistan, Iran, Mauritania, Oman, Yemen, Egypt, Jordan, Iraq, Kuwait, Algeria, Malaysia, Maldives, Morocco, Libya, Tunisia, United Arab Emirates, Somalia and Brunei
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