They are regulated as one of the most prominent companies in the Forex broker market. They hold a variety of licenses and are regulated by a wide range of functions. They can give their consumers the comfort of mind that comes with dealing with a large broker in this way.
The following is a list of their license and regulation information:
- FSCA (Financial Sector Conduct Authority of South Africa): 45984
- C53877 (European Union, Central Bank of Ireland)
- 406684 ASIC (Australian Securities and Investments Commission)
Avatrade
AvaTrade was invented in 2006 and is regulated in three tier-1 and tier-2 nations, making it a suitable (low-risk) FX and CFDs broker. AvaTrade also offers its original platforms, AvaTrade WebTrader and AvaOptions, and ZuluTrade and DupliTrade for social copy trading, where it won Best in Class in 2021. AvaTrade is prominent in this field due to its wide range of platform alternatives.
In 2021, AvaTrade rates Best in Class for Brokerage charges compared to pricing leaders such as IG and Saxo Bank.
Trading Platforms by AvaTrade
They pledge to support the Forex community in South Africa. To that end, they’ve sought to accommodate every sort of trader with a platform that better serves the many trading styles available.
AvaTrade’s platforms are listed below:
The most generally used trading platform is MetaTrader 4. MT4 provides a sophisticated and adaptable trading platform that caters to all kinds of traders.
MetaTrader 5 is the next iteration of the MetaTrader system, with advanced trading features, more specialized analytical techniques, order types, timeframes, and graphical elements.
Avatrade mobile Trading
However, AvaTrade’s mobile experience is acceptable and will appeal to the majority of traders. It isn’t strong enough to qualify with category leaders like Saxo Bank, CMC Markets, and TD Ameritrade (US residents only).
AvaTrade’s unique mobile platforms include AvaTradeGO and AvaOptions, in addition to the full MetaTrader suite, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are available for Android and iOS smartphones.
AvaTradeGo: The AvaTradeGo app is quite similar to its web version, and it has a large number of preset synchronizing watchlists as and protect, a volatility protection tool. This tool allows a trader to mitigate risk on an open position by partially hedging it with an fx option at an additional cost. Charting includes 93 indicators and merged Trading Central research and related resources, much like the web platform. Overall, it’s a well-rounded software that’s ideal for novices.
AvaOptions: Users are impressed by the AvaOptions app design since AvaTrade isn’t hesitant to take design risks to improve usability. AvaTrade, for example, has a one-of-a-kind system for reading options chains that they found impressive. However, They found the “payoff” diagrams (depicted visually) difficult to understand and may benefit from clarifying annotations. Apart from options chains, there are 14 basic options trading strategies accessible, and picking one will automatically populate the order ticket with the associated options contracts. Another nice feature is that traders can adjust the strike price by sliding it up or down.
Conclusion
Generally, AvaTrade distinguishes out for its extensive range of trading platforms, educational information for beginners, and crypto trading, where it was named Best in Class in 2021. The limitations include a mediocre research experience and a limited number of tradeable markets. AvaTrade’s spreads for clients in the EU who are designated as Professional Traders are also reasonable.
