AvaTrade Review for South Africa – Features, Bonus and more..

AvaTrade, as the name suggests, is one of the leading Forex Brokers in the world and have offices in different continents and cities globally. Regulated by the Central Bank of Ireland, AvaTrade was established in 2006 and it is licensed by MiFID in the European Union. It also has branches in Australia where it is managed and regulated by ASIC, Japan where the Financial Services Commission regulates it. Moreover, there is also a branch of AvaTrade in British Virgin Islands where the BVI Financial Services Commission regulates it. But first and foremost AvaTrade is FSB regulated in South Africa!

AvaTrade is ideal for people looking to make it big in the forex industry as it offers a convenient trading solution to everyone regardless of their experience in this field. Using AvaTrade, you can begin trading immediately on any of the associated platforms. All the various platforms offered by AvaTrade are 100% safe and a huge number of people are using them for trading all over the world. In this review, we shall cover all the aspects that you need to know in order to make up your mind and start trading. Without further ado, let’s get started. 

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Note: Your capital is at risk

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Licenses

AvaTrade is 100% certified and licensed by CySEC – a reputable and reliable forex license required to operate in this business. Even though Cyprus has unstable economic conditions but this small island remains one of the most popular forex hubs around the world. AvaTrade has acquired a license from Cyprus Securities and Exchange Commission (CySEC) and it is eligible to carry out operations as a broker within the legal boundaries. AvaTrade also has an authorized License FSP number 45984 from Financial Services Board (FSB). It is legally a part of the South African market and operates under the name Ava Capital markets Pty Ltd. (Proprietary Limited). These licenses are a substantial proof of the reputation and legal position of AvaTrade.

 

Registration

The registration process is very easy. In order to register, there are 2 options available. You can either open a real account or a demo account. Each account has its own usage and features. Let’s begin with a demo account. If you are new in this field and want to learn the basics first before starting trading, this is the ideal account for you. It is a perfect tool for you that you can use to learn and master the art of trading. However, if you are expert in this field and know how you can make it big, you can open a real account. A real account is an actual account where you can start trading from the get-go.

 

Accounts

With AvaTrade, you don’t have to research about different types of accounts because there is one standard account that gives all the users ease of use and expedient solutions. This standard account requires a minimum deposit of 1500 ZAR or $100 (T&Cs apply). Moreover, the leverage is offered at 1:400. AvaTrade maintains its reputation and offers both variable (floating) and fixed pips starting from 0.9. As compared to any other internet broker, the spreads offered by AvaTrade are the highest which speaks volumes of the kind of platform AvaTrade is.

 

Trading Conditions

If you want to begin trading with AvaTrade, you have to follow some certain trading conditions. These conditions vary with the type of asset you are trading in as well as country wise. The details of the trading conditions are listed on the website. For the sake of clarity, let’s have a look at some common details that remain the same.

• Minimum Deposit - 1500 ZAR or $100 (T&Cs apply)
• Bonus – Up to 100% (T&Cs apply)
• Assets – Multiple Assets

Depositing money in your trading card can be done using credit cards and even wire transfers. Moreover, an Ava debit card is also available for the brokers using which they can make deposits to their trading account. In the case of withdrawals, you can easily make an application by filling out an online withdrawal form. However, it can take a few days to process.

AvaTrade is one of the most paying brokers on the internet. The amount of bonus can reach up to $5,000 and it is calculated ineach case. All the brokers are entitled to bonuses but there is a risk factor involved as well which is there in trading for assets.

 

AvaTrade Trading Platforms

One of the main attractions of AvaTrade is its number of trading platforms which are available for all the traders. Any trader who chooses AvaTrade can make a choice from 8 main types of trading platforms which have their own features depending on nature.

• These platforms are listed below:
• Meta Trader platform for mobile trading
• Meta Trader platform for Mac
• Meta Trader 4 (MT4) platform
• The proprietary Ava
• TradeAct platform forex and CFD trading
• Meta Trader platform for web trading
• Zulutrade Meta Trader platform for floating spreads
• Platforms for Automated trading

The scope of AvaTrade is not just limited to computers and laptops but the platforms are available on mobile phones also. You can use AvaTrade on Android and iOS devices as well. Furthermore, the users can also choose between AvaTradeACT and MetaTrader platform. 

AvaTrade also offers a very unique type of trading through Zulutrade. Zulutrade is a very helpful service for novice traders or people who are just beginning their journey as a trader. Using Zulutrade, you can learn from the leading or professional traders. The platform allows users to mimic trades on the forex markets made by more experienced traders. As a result, the risk of sustaining a loss is minimized but not eradicated altogether.

 

Automated Trading

Trading is one of those businesses where the risk factor is quite high. No matter how experienced you are, there is always a chance to lose it all in the blink of an eye. This is the reason why inexperienced people avoid entering this market and have negative reviews about it. However, besides all the risk factor, one thing that cannot be changed is that if done the right way, trading is one of the most rewarding businesses. Having said that, AvaTrade understands this issue and presents Automated Trading. 

The array of a strong suite of automated platforms caters to the needs of beginners and allow them to polish their skills by witnessing what the most experienced traders are doing. The automated trading platforms allow the beginners to copy or mirror the trades made by experienced and leading traders and use them to make better decisions. Not only does it give the power to make better decisions but improve the confidence level for the future as well. The automated trading platforms include:

• ZuluTrade
• MQL5
• DupliTrade

Let’s discuss them briefly to help you know what they are all about.

ZuluTrade – ZuluTrade is one of the most popular auto trading platforms which you can use today. This platform converts the recommendations of experienced traders and performs the trade in your AvaTrade account automatically. You can select the program or experts which you deem best for you.

MQL5 – MQL5 only takes a few minutes to setup and can be used to copy the trades of signal providers from all over the world.

DupliTrade – In DupliTrade, you can copy the trades of chosen trading experts within your AvaTrade account. This account is suitable for MetaTrader 4 floating spreads accounts and it is very easy to use as well.

 

AvaTrade MAM Accounts

AvaTrade MAM Accounts AvaTrade Multi-Account Manager (MAM) account is ideal for professional traders who have to manage a number of trading for their clients. This unique account comes with the following features:

• Option to create multiple sub trading groups
• Expert Advisors (EAs) compatible
• Trade order placements from a master account
• Option to place orders for unlimited client accounts
• The minimum lot at 0.01 lots

Using this account, the traders can also get access to all the information and separate client accounts to manage the accounts in an improved way.

 

AvaTrade Cryptocurrencies Trading

AvaTrade has been offering the trading facility for cryptocurrencies since 2013. Initially, the traders were able to trade in Bitcoin CFD on its patented trading platform and through the MetaTrader 4 Platform. However, with the growing popularity of the cryptocurrencies, AvaTrade has added more cryptocurrencies to its cryptocurrency range. Today, there are 8 types of cryptocurrencies which are supported by AvaTrade. These include:

• Bitcoin
• Monero
• Bitcoin Cash
• Neo
• Ripple
• Dash
• Litecoin
• Ethereum

Crypto trading at AvaTrade is different and involves a financial derivative such as CFDs. A trader will not be buying or selling the physical cryptocurrency but through a mechanism which allows them to capitalize on the movements in the value of the cryptocurrency. Some advantages of trading through AvaTrade crypto trading includes affordability and the ability to generate profit from rising and falling market of the cryptocurrency.

 

Instruments

AvaTrade deals in various instruments including Forex, stocks, bonds, and others. Traders can get to choose from a variety of options that relate to their prior experience or interest. In forex, there are different instruments each with their own floating spread, fixed spread, and leverage. Similarly, the stocks have their own fluctuation rates for different companies of numerous countries. Even for multinationals, the spread varies. On the other hand, there are bonds available as well of the United States and Euro bonds that can be traded.

 

AvaTradeGO – Mobile App

Traders have to take the right decision at the right moment so that they can reap better returns. This is the reason why they have to use the best medium to check the current market position. Since computers and laptops require a lot of space and proper location, they are not as beneficial for traders as a mobile phone. AvaTrade knows this need and this is the reason why it has developed AvaTradeGO mobile app – a new and advanced way to trade and review the market situation. Using the mobile app, you can connect to the global markets with live feeds and social trends to explore new trading opportunities. Using the app, you can trade in more than 250 instruments including the top forex pairs, popular stocks, commodities, and cryptocurrencies – the choice is all yours! The user interface of the app is very simple and provides access to all the information that you need with just a few taps.

 

 

 

Frequently Asked Questions

1. Is AvaTrade a scam?

No, not at all. AvaTrade is authorized and regulated by CySec, FSB, ASIC, and BVI Financial Services Commission.

2. What is the minimum deposit?

The minimum deposit is only 1500 ZAR or $100 (T&Cs apply).

3. What are AvaTrade Fees?

The customer’s trading account may subject to an annual administration fee unless prohibited by law. If the account has been inactive for 12 months, the administration reserves the right to charge an administration fee for providing the services even if it is not used.

4. What is AvaTradeGO?

AvaTradeGO is AvaTrade’s mobile application which is designed and developed to give you all the control in your hands. You can download this app for Android and iOS.

5. How much AvaTrade Leverage?

The ratio of leverage is 1:400. (T&Cs Apply)

6. Where is AvaTrade Login?

AvaTrade login is available at the homepage of AvaTrade website.

 

Conclusion

As compared to other online brokers and trading platforms, AvaTrade offers unique and exclusive features along with better returns and bonuses. This platform is ideal for both expert and newbie traders. The simple to use the mechanism, low investment plan, and better returns make it one of the finest trading platforms all over the internet. With several awards and over a decade of longevity in the industry, AvaTrade is a name you can trust. The presence of AvaTrade in different countries globally gives it a clear edge over its competitors. However, before trading in any instrument, check the market fluctuations to minimize the risk and increase your chances of making better profits. There is no shortcut to experience and if you want to gain this valuable experience, you should use the Automated Trading platforms more to get an idea of the industry and learn from the very best in business. It will allow you to control the risk factor.

  

Note: Your capital is at risk