AvaTrade review

AvaTrade review
Trading in financial assets involves an element of risk. As a result, there are various factors that the traders look for while going for a broker. Commissions and fees, trading platforms and tools, safety and security aspects are a few among the list. To get more news about AvaTrade Pros & Cons, you can visit wikifx.com official website.

AvaTrade is one such leading global forex broker. This AvaTrade review article will help you understand its features and services and assist you in choosing the best forex broker for yourself.
What is AvaTrade?
Avatrade, founded in 2006, is part of the AVA Group Companies and is one of the oldest online brokerage firms. It has grown to be a leading international forex and CFD broker. It has got four offices in Australia, Japan, Ireland, and the British Virgin Islands.

Avatrade has its headquarters in Dublin, Ireland, and provides various financial instruments and a wide range of trading platforms for manual and automated trading. It is registered globally with multiple jurisdictions but does not accept U.S. traders.

So let's proceed to see some of its pros and cons.

Pros
It provides manual trading platforms like MT4/MT5 and automated trading platforms like the AvaSocial app, Zulu Trade, and Dupli Trade.
It offers trading in different asset classes such as forex, CFD, cryptocurrencies, etc.
It provides excellent educational assistance through Sharp Trader via exclusive videos, articles, ebooks, and daily market analysis.
It offers negative balance protection.
AvaTrade bonus, as high as 20% of the deposit, is provided to the new traders.
Cons
It does not have a guaranteed stop-loss facility.
It charges high inactivity fees, which is $50 per quarter after three consecutive months of inactivity. Besides that, non-use of the account is subject to a $100 annual administration fee.
It is not regulated by FCA., which is known for its strict regulations for ensuring fair market practices.
It does not accept U.S. traders due to regulatory restrictions.
Is AvaTrade Safe?
Avatrade is registered with various countries' authorities like the Australian Securities and Investments Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Central Bank of Ireland, etc.

It is a non-bank and is not a publicly listed entity. It segregates the clients' money from AvaTrade assets as per the Client Asset Regulations. Further, it protects the customers in the event of insolvency under Investor Compensation Scheme, with eligible claimants covered up to the loss of €20,000.

The broking firm provides negative balance protection and AvaProtect for losing trades when the market turns opposite. However, the FCA does not regulate it, which is known for its strict market regulations. It does not provide 2FA (two-factor authentication) to log in to its trading platforms.