What is AvaTrade?
AvaTrade is a foreign exchange and contract for difference (CFD) broker that operates via an online trading platform and mobile app. Traders can enjoy a variety of markets ranging from commodities, stock, exchange-traded funds, equities, indices, Bitcoin, currencies and bonds. AvaTrade’s headquarters is in Dublin, Ireland but offer support to an extensive list of countries. The aim of the company is to empower people so that they can trade with confidence and unleash their true potential.
The company was founded in 2006 and was initially called Ava FX. Only in 2013, the company changed its name to AvaTrade. It symbolised the inclusion of more trading services such as stocks, indices and bonds to name a few. Today, the company has more than 200 000 clients in 160 countries. More than two million trades take place on a monthly basis.
In 2010, AvaTrade acquired a Japanese forex broker called Art Co. In 2011, they also acquired eForex and in 2014, they welcomed YouTradeFX to the family. Currently, the company is active over five continents.
AvaTrade offers customers the MetaTrader 4 (MT4) app. It can be accessed via a smartphone and is browser-based. The company also offers automated trading platforms by means of Mirror Trader and ZuluTrade. Choose between the MT4 app or the Ava customized platform to start trading.
In 2013, AvaOptions was launched. AvaOptions enables customers to buy and sell vanilla currencies and execute investing and hedging strategies at the same time. In the same year, AvaTrade was the second forex broker company to offer customers Bitcoin trading. The Hush Trading platform was launched in 2014. This is an educational website that provides customers with training material, advice and other helpful content to help them become professional traders.
AvaTrade features more than 250 instruments meant for trading. The company prides itself on providing adequate security. This is done by safeguarding client funds in segregated accounts.
AvaTrade is regulated by various regulatory bodies in different countries. In the European Union, AvaTrade is regulated by the Central Bank of Ireland, in Japan by the Financial Services Agency, the Australian Securities & Investments Commission in Australia, the British Virgin Islands Financial Services Commission in the British Virgin Islands and by the FSB in South Africa. The company adheres to stringent compliance requirements regarding security, financial reporting and handling client funds.
AvaTrade and Bit4X
AvaTrade is one of Bit4X associated brokers. It is regulated by the South African FSB and various other financial bodies.