Is the AvaTrade-Capital platform legit or a scam?

Business

Investing and trading have become very common in the 21st century. The digital revolution has empowered people to do trading without having background knowledge of financial instruments. It doesn’t necessarily mean that no knowledge is needed to trade. Instead, it means that anyone can easily understand and learn the art of investing and trading in financial instruments.

When it’s about trading and investing, the role of brokerage firms, brokers, and brokerage houses is not something that can be ignored. Brokers are the intermediate party between the trade of any security or financial instrument. In principle, brokerage houses provide a set of rules and regulations for investors. They are executing transactions for the investors.

In the modern world, brokerage houses have been replaced by brokerage platforms like FxEmpire, AvaFx, AvaTrade, etc. AvaTrade is also a trading brokerage platform, and today we will talk about it. We will talk about signing up for the brokerage platform, withdrawing profit, and answering if the platform is legit or a scam. We will also try to answer the most frequently asked questions about the platform.

So let’s get into it.

What Is AvaTrade Platform?

AvaTrade is a trusted broker that is renowned as the platform for offering a wide variety of platforms for traders. Whether a Forex or CFD trader, you can get the right platforms when signed up for AvaTrade. The platform was established in 2006 and currently offers trading experience in cryptocurrency, CFDs, Forex, commodities, Options, Stocks, and Bonds.

The company’s headquarters in Ireland holds multiple regulatory licenses from different financial hubs worldwide. AvaTrade has regulatory licenses from seven commissions: CBI. (EU), BVI FSC (British Virgin Islands), ASIC (Australia), FSCA (RSA), FRSA (UAE), FSA, and FFAJ (Japan).

There are over 1000 instruments available on AvaTrade, with more than 400,000 happy traders at the moment. The brokerage platform strives to offer traders the best experience with enhanced capabilities. You can access the platform on Desktop, Tablet, mobile, and web. 

There are two proprietary platforms: AvaTrade WebTrader and AvaOptions. The users can also access ZuluTrade, DupliTrade, and the full MetaTrader suite via WebTrader.

How To Sign Up For AvaTrade?

The platform offers two types of accounts in all categories: Demo accounts and real accounts. The further categories of the account types are:

  • Retail accounts/Standard accounts(trading accounts for individuals) –the term Retail Accounts is used for standard accounts for the traders of the European Union. The same account is called the Standard account in the rest of the world.
  • Corporate accounts for companies and legal entities
  • Professional Trader account(for experienced traders having 12 months of experience and worth a $500,000 investment portfolio)
  • Islamic account(swap-free trading according to Sharia)
  • Spread Betting account(only available to traders in the UK and Ireland)

You must fulfill certain requirements for whichever account you want to sign up for. However, the general procedure to sign up for AvaTrade is as follows:

  1. Visit the official website of AvaTrade and tap on Register Now. You can choose to go with Real or Demo accounts as per your experience level and trading preferences. If you are a new investor who is at the learning stage, it is better to open a Demo account and learn the platform dynamics.
  2. The registration form will open where you need to enter your information like name, email address, status(individual/joint account), and tap on Create Account.
  3. The next step will open up the detailed registration form. Fill in all the mandatory fields. Continue to the Next Step.
  4. Verify your account by providing the required documents: proof of identity(passport/ID card/Driver’s License). Scan both sides of your ID card and upload it for verification.
  5. Once verified, fund your account with the minimum investment and start trading.

How To Do Copy Trading On AvaTrade?

If you are a person who wants to join the platform for copy trading, here is how to do it:

  1. Complete the sign-up process and log in to your account.
  2. Add funds to your account.
  3. Choose which platform you want to trade on(ZuluTrade or DupliTrade).
  4. Pick the signal provider as per your understanding.
  5. Copy the signal providers to do trading.

There are four different trader order types you can choose from:

Market Order

When you choose a market order, such an order’s execution takes place at the security’s current market price.

Limit Order

By selecting the limit orders, the trader can set a maximum price for buying security or a minimum price when selling the securities. Such an order’s execution only occurs when the limit price hits or at a better scenario.

Stop Order

If you choose the stop order, it limits the losses on selling or buying of securities. Such orders are executed when the stop price is reached.

AvaProtect

AvaProtect orders work as an insurance policy that protects investors and traders against losses from trading during a specific period. The investors and traders will have to pay an extra fee when leveraging the AvaProtect option.

How Does AvaTrade Protect You As An Investor?

If we talk about the overall review of AvaTrade, it is one of the most competitive options for social trading. If you are someone who is most concerned about the safety and risk of investments on a trading platform, you should know that AvaTrade is a safe platform.

How does the platform protect you?

  1. Funds of the AvaTrade firms are separate from the funds of investors. This funds segregation makes it an ideally safe platform. All the funds of investors are kept with international banks under encryption.
  2. AvaTrade has fully audited trading procedures, which are regulated and checked on a daily basis with strict criteria.
  3. Investor Protection Amounts and Compensation Schemes also add to the safety of trading via the platform. It implies that when you are trading on AvaTrade, the firm’s bankruptcy won’t affect the investors.

Is The AvaTrade Capital Platform Legit Or A Scam?

Final verdict?

Is the AvaTrade Capital platform legit or a scam?

The short answer is that it is a 100% legit platform with worldwide recognition. The platform has been rated the best in several trading instrument classes. With over 1000 financial instruments and many account types, the platform is legitimate and operational worldwide. There are 11 regional offices of the company on all continents. So you don’t have to worry as you are trading on a multinational company’s platform.

FAQs About AvaTrade(400)

1.     Can AvaTrade be trusted?

Yes, you can trust AvaTrade, as it is a 100% legit platform. The brokerage platform is considered low-risk by securing a Trust Score of 93/99 as of Forex.com. We have already talked about the safety of your funds and risk-reduction tools that make AvaTrade a reliable and trustable broker company.

2.     Who is the owner of AvaTrade?

AvaTrade’s CEO is Daire Ferguson. He took charge of the company in 2008 as Director of Trading and Risk Management. He added value to the company with his degree in Computers and Business. He belongs to Ireland. Before AvaTrade, he worked as Head of Corporate Forex at a multinational banking and asset management company.

3.     What is AvaTrade minimum deposit?

Most brokerage platforms and trading companies set a higher bar for a minimum deposit. AvaTrade has kept the minimum deposit between the lowest and highest. So you need to deposit $100 at minimum to start trading on the platform.

4.     How long do AvaTrade withdrawals take?

When you initiate a withdrawal from AvaTrade, it will take the normal processing time before the funds appear in your bank account. The processing time varies according to the method of withdrawal. For instance, if you choose a credit card, debit card, or e-money, the standard processing time is between 24 hours to 48 hours. However, in the case of wire transfers, it can take 10 business days for the funds to show in your account.

5.     How much does AvaTrade cost?

If we talk about trading, withdrawal, or sign-up fees, the platform does not charge any fee to the traders. However, an inactivity fee of $50/50 Euros/50 pounds is charged depending on the trader’s currency. The inactivity fee is charged per quarter if the trader has no activity for straight 3 months. In general, we can rate AvaTrade as a low-cost trading platform.

6.     How do I get my money back from AvaTrade?

You can easily withdraw funds from your AvaTrade account. Follow these simple steps:

Login > Withdrawal > Fill out the Withdrawal form > Confirm Transaction > Funds will be processed in 24 hours.

7.     Can US citizens use AvaTrade?

Although the platform is available in most of the world and regulated by the financial authorities, US citizens can’t trade on the platform. The platform does not accept traders from the US due to regulatory constraints.

8.     Is AvaTrade Available In All Countries?

No, AvaTrade is not available in all countries. Although the platform is available worldwide, a few countries are not accepted it due to regulatory restrictions. These countries include the following:

  • Cuba
  • Iran
  • Belgium
  • USA
  • New Zealand
  • Syria
  • Israel

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