Pros and Cons of Trading with AvaTrade

Pros and Cons of Trading with AvaTrade

AvaTrade is a well-known online broker with headquarters in Dublin. It has been operating in the exchange market since 2006 and has over 200k users. While it sounds like a reliable and promising solution, it still has several pros and cons. Let’s compare them to see if you should pick this broker.

The advantages of the company

First of all, it’s licensed in many countries and regions like Australia, Japan, South African countries, the British Virgin Islands, European counties, etc. It has the reputation of a trustworthy broker and serves people from all over the world.

What’s more, it has award-winning customer support. The experts will resolve any issues fast. You may also find tons of useful information in the knowledgebase. According to the AvaTrade review, the company offers several layers of protection including 256-bit SSL encryption and McAfee Secure.

The disadvantages of the company

On the other hand, some traders find it confusing there is only one type of account. Surely, there is a demo version, too. But the real account is only one. More advanced users are used to the classification of accounts based on the trading volume and extra services. This is reflected in the price and commissions.

All in all, AvaTrade is an average online broker based in Ireland. It has several special deals and promotions to attract new clients and motivate regulars. Also, it has an affiliate program that pays users for inviting new members.