AvaTrade is a trading name of the Irish broker AVA Trade EU Ltd. Established in 2006, it is regulated by the Central Bank of Ireland with headquarter in Dublin and offices worldwide.
AvaTrade offers more than 200 financial instruments divided into currency pairs including digital currencies, CFDs on shares, indices, commodities and ETFs.
Traders can use either well-known MT4, or its own developed AvaTrader. They are both web-based and mobile applications for iOS and Android devices. AvaTrader provides some comprehensive analytical tools, trade alerts, automated trading solutions, single-screen trading, trade from charts and Autochartist. The maximum leverage there is 1:200. Some instruments such as digital currencies and fixed-spread currency pairs are available on MetaTrader 4 platform only. Here the maximum leverage is 1:400. AvaTrade also offers a Floating Spread Account on MT4 where the minimum spread is 0.9 pips and depends on the market conditions. MT4 has some popular trading tools such as automated trade with expert advisors.
The minimum deposit amount is USD100.
Clients should consider that higher leverage leads to a greater risk of loss. However, there is negative balance protection and the platforms close automatically all client’s position when margin call occurs.
AvaTrade Order Execution Policy informs that slippage may occur during period of low liquidity or high volatility and the market orders can be executed ‘close to or a number of pips away’ from the requested price. It also is written that all pending orders are non-guaranteed and will be executed at the first available market price.
The company acts as a market maker, which could lead to potential conflicts of interests with customers.
Websites provides some useful tools including economic calendar and analysis.