This article aims to review the operations and performance of AvaTrade so that traders can make decisions on whether to transact CFD and Forex on the platform. Thus, the article will focus on the issues of the reliability (whether it’s a scam or not), traders benefits, safety, fees and commissions, and the trading platforms available at AvaTrade.
Is Ava Trade a Scam?
It is worth noting that AvaTrade does not involve in scamming or fraudulent activities. The firm is regulated by the relevant authorities to ensure their operations are genuine. To be precise, Ava Trade is an Irish brokerage firm that is governed by the Central Bank of Ireland. Moreover, Ava Trade is regulated by the relevant institutions within the European Union. The operations of the firm are supervised and overseen by the Spanish CNMV. Thus, traders shouldn’t be concerned with the issues of scamming or fraudulent activities.
Safety is a critical aspect for traders to consider before transacting forex. More than once, you’ve heard reports about scamming or fraudulent activities by unregistered brokerage firms. As indicated, Ava Trade is registered under the Spanish CNMV and regulated by the Central Bank of Ireland and the European Union. Since AvaTrade is an Irish broker, most of their stock markets, CFD, and Forex comes from Cyprus. This shouldn’t be an issue of concern since Cyprus is under the European Union. Being from Ireland, most traders feel confident about the firm which makes it safe and reliable.
Fees and Commission
It is crucial to note that AvaTrade does not charge any commission to any transactions from traders. The only cost is that traders have on their spreads. This has made AvaTrade incorporate many traders on their platforms. Additionally, Ava Trade has included Bitcoin trading in their CFD.
Unlike other traders, AvaTrade provides comprehensive trading benefits to their traders. Moreover, they provide ideal trading platforms to make trading more convenient and practical. The created AvaTrader, an online trading platform controlled by AvaTrade ICT team. The firm also incorporates MetaTrader 4 and other effective trading platforms.