Review of Online Brokerage Firm AvaTrade

AvaTrade is a brokerage firm that specializes in foreign exchange currency trading. The firm allows investors of this financial instrument to regularly make transactions for profit. One of the things that has made AvaTrade among the leading brokerage firms is that it allows investors to easily set up an account as well as receive support and education. With these characteristics, many investors have been in position to profit from the lucrative foreign exchange currency market. The firm was founded in 2006 by an ecommerce entrepreneur and a finance professional. Together they looked to develop a brokerage firm that can provide investors from all over the world to use foreign exchange currency trading as another way to build their investment portfolio.

 

Like all other brokerage firms, AvaTrade offers investors the opportunity to trade a variety of financial assets. The particular assets you can trade with this firm are foreign exchange currencies, CFD’s and commodities. You can also participate in spread betting and social trading as well. When you first open up an account with AvaTrade, it will be required that you fill out a form and submit identification. Once this is done, you will then be given access to trade on a regular basis. Investors that are looking to trade with this firm will have the opportunity to use a demo account where they can make mock trades and get a feel for how the process works. It will also better prepare them for trading as well.

 

With AvaTrade investors will be able to take advantage of the firm’s spreads and fees. They are among the lowest in the industry and will therefore make trading more cost-effective. The spreads and fees of AvaTrade are among the most competitive in the industry and will therefore save investors a considerable amount of money when they invest. For example, when it comes to spreads, AvaTrade offers $7 per trade compared to $6 offered by other firms. However, AvaTrade offers the lowest overnight fees and will therefore allow investors to save at least $3 per trade. While this may not seem like much, it can allow investors to boost their profits by a considerable margin.