AvaTrade Review Pros and Cons

Regulation                     : CBI, B.V.I FSC, ASIC, FSCA, FSA and FFAJ, FRSA

Year of Establishment   : 2006

Spread                           : 0.9 pips (EURUSD)

Customer Support         : English, French, Italian, German, Portuguese, Russian, Japanese, Chinese, Arabic, Greek

Leverage                       : 1: 400

Country                         : Ireland

Platform                        : ActTrader, MT4, MT5, AvatradeGo, AvaOptions, Webtrading, Proprietary, Zulutrade, Mactrading

Address                        : Five Lamps Place, 77-80 Amiens Street, Dublin 1, DO1A742 Ireland

Min.Deposit                 : $ 100

Open a Demo Account Here

Open a Live Account Here

 

Avatrade is one of the oldest and most respected investment firms offering online trading among forex brokers. Established in 2006 in Dublin, Avatrade has 6 offices in Europe, Abu Dhabi, Japan, Australia, South Africa and the British Virgin Islands. In this way, it accepts customers from all over the world and in many currencies.

Offering transactions in Forex, CFD and crypto money market, Avatrade also holds a strong place in regulation, which is very important for the reliability of companies.

 

• CBI issued by the Central Bank in Europe, has license number C53877.
• Has a license of ASIC in Australia. The language number is 406684.
• It has license number 1662 issued by FSA and license number 1574 issued by FFAJ in Japan.
• It has FSB license in South Africa. License number 45984.
• FRSA license in Abu Dhabi,
• B.V.I has FSC license in British Virgin Island.

 

 

Avatrade Account Types

 

With Avatrade, you can trade in many investment instruments such as stocks, indices, foreign exchange, commodities, crypto money. It offers 4 types of accounts: Retail, Professional, Options, Spread betting. There is also a type of Islamic account for those who want to make transactions as a swap-free account without paying interest. The minimum amount to be deposited in the account and the spread rates differ according to the types of accounts.

 

Avatrade Spread Rates

 

In Avatrade forex transactions, spread rates vary according to the type of account. For example, while the EURUSD spread rate is 0.9 pips in the Retail account type, the EURUSD spread rate is 0.6 pips in the professional account type.

 

Avatrade Leverage Ratio

 

Avatrade offers its investors the opportunity to trade with maximum leverage. Thanks to its high leverage ratio, investors have the opportunity to earn high profits. Since there is a regulation on leverage in every country, you can learn the current and approved leverage rates of the company you intend to work with on the website. The current leverage ratio for Avatrade is set at 1: 400 for Professional accounts and 1:30 for retail accounts.

 

Avatrade Trading Platforms

 

Avatrade has created its own trading platform with its proprietary Avatrade (ACT) software, as well as the most traded MT4 and MT5 platforms all over the world. In addition to these platforms, it is also compatible with other trading platforms such as Mirror trader, Proprietary, Zulutrader. 

You can easily use these platforms by downloading applications from the computer, via the web or via mobile phones and tablets. In April 2013, Avatrade launched the AvaOptions trading platform, which enables its clients to buy and sell FX Vanilla Options. In August 2013, as the second forex broker offering online bitcoin trading, it started trading bitcoin with CFDs on both Avatrader and MT4 platforms.

 

Avatrade Trading Hours

 

You can perform Forex transactions 24 hours a day, every weekday. The trading hours for foreign stocks and indexes vary according to the opening and closing hours of the relevant country. The opening and closing times of the Avatrade trading platforms are Sunday 21:00 GMT, Friday 21:00 GMT. determined as.

 

Avatrade Campaigns and Bonuses

 

In forex transactions of Avatrad, there is no active bonus campaign for now, but it offers attractive campaigns and bonuses in some periods depending on its geographical location. Up-to-date and detailed information can be obtained from the website of the country it is affiliated with.

 

Avatrade Deposits and Withdrawals

 

Avatrade offers its customers a variety of deposit options. Investors can instantly deposit money into their real accounts through online services such as credit cards (VISA; Mastercard, debit), Wire Transfer, Paypall, Skrill, Neteller and WebMoney.

 

Withdrawals are carried out very quickly and securely, just like deposits. Withdrawal requests submitted through the same online services are forwarded to you after passing the necessary checks.

 

The fastest money withdrawal request is with Ava Debit Mastercard, which customers who open a real account can apply. The same day for E-wallet transactions, max.5 working days for credit card and debit card transactions, max.10 working days by bank transfer (Wire Transfer). shooting requests are carried out.

 

Avatrade Customer Support

 

Avatrade offers customer service support to its investors in multiple ways. You can communicate via Live chat, e-mail, FAQ page, social media accounts, fax or telephone, which you can access on the website. 

Telephone support is available in many languages ​​and countries around the world, including 21 different countries in Europe, 2 countries in Africa, 6 countries in Asia, 4 countries in South America, 2 countries in the Middle East and Australia.

 

Is Avatrade Reliable?

 

The reliability of an overseas forex firm can be understood by first looking at its licenses after being inspected. Avatrade has been licensed by the relevant institutions in many countries. Hence it is a reliable firm licensed to offer trades. Investors trading at licensed companies have legal rights in the context of the contracts approved during account opening, when they have any problems with the company.

 

Another reliability criterion is the fast and accurate execution of deposits and withdrawals. Avatrade offers its investors more than one deposit and withdrawal options, providing the fastest service.

 

In addition, services such as the speed of online platforms, customer support, analysis and training support are evaluated in terms of reliability. By successfully performing these services in Avatrade, it has been among the leading institutions of the market for years.

 

Avatrade Account Opening Transactions

 

Demo accounts, which offer the opportunity to try themselves, are opened for free for investors who will start trading with Avatrade. You can also apply for a real account by filling out the online registration form that includes your address, identity and contact information on the company's website.

 

By providing the necessary controls based on the filled form, you will be contacted by customer representatives by phone or in writing to your e-mail address. You can also upload a copy of your identity card and an invoice registered in your name to the system online.

 

After the real account has been opened, you can instantly deposit money to the bank addresses to which the company is connected, via credit card or other payment methods and start trading in many instruments such as forex, cfd, viop, crypto money.

 

Standard accounts can be opened with credit cards for as little as $ 100 or by depositing $ 500 via bank transfer.

 

Summary

 Avatrade is a strong and reputable investment institution, which has licenses issued by audit firms, offers its investors many platforms and customer support in different languages, and is highly preferred thanks to its fast deposit and withdrawal transactions, and has managed to receive positive comments from many customers by providing uninterrupted transactions since 2006. In summary, if we look at Avatrade's remarkable services;

 

Security    - CBI has valid licenses such as B.V.I FSC, ASIC, FSCA, FSA and FFAJ, FRSA.

Platform   - ActTrader offers many platforms such as MT4, MT5, Proprietary, Zulutrade.

Deposit / Withdrawal - Online deposits and withdrawals are carried out quickly through the website.

Customer support - Provides customer support in many countries and languages.

Bonus     - It offers various campaigns and bonuses varying by country from time to time.

Pros	Cons
Low Spread Rates Fast and Free Deposits and Withdrawals Control by Multiple Regulators Fast and Transparent Platform	Unable to open real account below $ 100

Open a Demo Account Here

Open a Live Account Here

How to Play Forex?

Embark on the lucrative world of Forex trading, with a daily transaction volume exceeding 6 trillion dollars. From fundamentals to advanced tools, this guide unravels the intricacies of Forex, empowering you to navigate this dynamic market with confidence.

Forex stands out as one of the markets with the largest transaction volume in the world. It is necessary to know how to play forex in order to be able to trade in this market with an average daily trading volume of 6 trillion dollars.

We will examine in detail what is forex, how to play forex, which provides alternative earnings to its investors other than stock markets, which are frequently preferred among financial instruments.

 

!!  Click here to open an account and start forex trading immediately.

What is Forex?

 

Forex is defined as one of the financial investment tools, which is derived from the English Foreign Exchange words. With Forex, it is possible to make a profit by investing in foreign exchange, commodities, stocks and indices. Forex transactions can be carried out 24 hours a day, every weekday.

 

In order to make forex transactions, it is necessary to open forex accounts with banks or brokerage houses. After opening a Forex account, you can start investing by depositing collateral into the account. More than 100 products can be purchased and sold to profit from the rise or fall of prices.

 

Compared to other financial markets, Forex has many different features and advantages. To better understand what Forex is, it is necessary to take a look at these features. In order to make successful transactions in the Forex market, all the details of the forex must be well known.

Forex Features

There are many different features that distinguish Forex from other investment tools. In order to learn Forex and start trading in this market, it is necessary to take a closer look at what these features are.

 

• Leveraged trading can be performed

 

• Provides the opportunity to earn high profits with a small amount of investment

 

• High volume transactions can be opened with a small amount of investment

 

• Investments can be made in foreign currency, commodities, foreign stocks and indices abroad.

 

• Thanks to two-way transactions, income can be obtained from both the rise and fall of the prices.

 

• Transactions can be carried out 24 hours a day, every weekday.

 

• Transactions can be carried out online through forex platforms.

 

• Hedge (hedging) transactions can be carried out in order not to be adversely affected by the change in exchange rates.

 

!! Click here to open an account and start forex trading immediately.

How to Play Forex?

 

With Forex, you can buy and sell multiple products such as dollar, euro, gold and oil. If you ask what is the logic of Forex, it is possible to explain it with a simple example.

Just as we buy and sell gold from a jeweler to invest, it is possible to buy and sell gold with forex. Similarly, foreign exchange buying and selling transactions such as dollars and euros are made from the exchange office, and foreign exchange transactions can be carried out via forex. The logic of Forex is that these buying and selling transactions can be done through an online platform.

 

Another important feature of Forex stands out as allowing transactions with leverage rates. Thanks to leveraged transactions, investors can trade with a volume much higher than their deposits. For this reason, it is possible to gain high profits from forex transactions.

 

Forex Profit and Loss Calculator

 

In order to better understand how to play forex, forex profit and loss calculation should be well known. Explaining these calculations with an example becomes more understandable for investors.

 

Sample;

 

Let's assume that a forex account is opened with an investment of $1,000 (two thousand). If the forex leverage ratio is 1: 100, it means; It happens that a maximum of 100 times the balance in the account can be processed.

 

Forex transactions can be opened as if there were 1000 x 100 = 100,000 (one hundred thousand) dollars.

 

If asked how to calculate Forex profit and loss; The answer is not based on the initial balance deposited into the account, but on the trading volume made with the leverage ratio used. So, returning to the example above, if the full leverage ratio of 1: 100 is used, the profit and loss in the transactions is evaluated over $100,000.

 

Lots are used to indicate the transaction volume in Forex transactions. 1 lot of transaction equals 100,000 units.

 

1 lot: 100,000

0.50 lot: 50,000

0.10 lot: 10,000

0.01 lot: corresponds to a transaction of 1,000 units.

 

In order to learn how to play forex, it is necessary to learn how to do forex transactions. In order to learn Forex transactions, it is necessary to take forex training and practice on free forex demo accounts for a while.

 

 

 

Forex Training

 

Forex training becomes a priority for all investors who are considering trading in forex. Investors can receive basic, intermediate and advanced level forex training according to their knowledge of the forex market.

Forex trainings can be taken at banks or brokerage houses that are planning to open an account, or can be learned easily at home / office with our own facilities. Institutions often offer Forex training free of charge to their customers. Forex trainings can be delivered face-to-face in the office, or can be carried out online through customer representatives by establishing a computer connection.

 

Investors who want to learn the Forex market on their own can access online forex training videos and forex training documents on the web. At the same time, detailed information about the forex market can be obtained through many articles written about forex.

 

Regardless of the conditions for forex training, it is recommended to make trial transactions in forex demo accounts. Forex can only be understood clearly by putting it into practice in front of the screen. The fact that leveraged transactions can bring high profitability as well as having the risk of loss makes the use of forex demo accounts mandatory.

 

 

Forex Demo Account

 

Forex demo accounts are tested on trial accounts, which are used to learn forex and allow trading with virtual money. Thanks to Forex demo accounts, investors can turn their buying and selling transactions into practice.

 

With trial accounts, forex profit and loss calculation is made better, and information about market risk is obtained. People whose risk profile is not suitable for trading in the forex market may stop opening an account in this market.

 

Forex demo accounts can be easily applied for free. The Meta Trader 4 application can be downloaded to the computer or phone and quickly access the forex platform with a username and password. Through the platform, all products can be bought and sold with virtual money.

 

After sufficient practice is reached by trading on Forex demo accounts, it is now ready for real account opening. It is recommended to use forex analysis when trading in Forex real account. In order to achieve success in forex trading, forex analysis must be known correctly.

 

Forex Analysis

 

Forex analysis serves as a guide for investors to be successful in forex transactions. A position in the right direction can be entered thanks to forex analysis, which helps to predict the future movements of the prices.

 

Forex analysis is divided into two as fundamental analysis and technical analysis. Fundamental analysis; It helps us estimate the price by interpreting the socio-economic indicators of a country. For this, it becomes important to follow the economic calendar announced daily.

 

Major fundamental analysis data; Non-farm employment data can be shown as unemployment figures, inflation and growth figures. The arrival of the announced data within the expectation of analysts has a positive effect on prices, while the opposite of the expectation has a negative effect on prices.

 

If we look at the technical analysis data; It covers statistical drawings on charts, especially forex indicators and patterns. With technical analysis, the future direction of the prices can be predicted based on the statistics determined according to the movements of the prices in the past.

 

How to Open a Forex Account?

 

After forex training and trial operations performed on the demo account, it is now learned how to play forex. If the risk profile of the investor is suitable for trading in this market, forex real accounts can be opened.

 

For Forex real account opening, it is necessary to contact banks or brokerage firms. E-mail and telephone information are transmitted during the forex real account application to be made through the web page of the companies. Then, procedures are carried out through customer representatives.

 

For Forex real account opening, identification and address statement is required. The address declaration can be made via an invoice or settlement document registered in your name. The account is opened by signing the contract for the purchase and sale of derivative instruments.

!!  Click here to open an account and start forex trading immediately. !!

XM Forex Review

Explore the XM Forex Review on fxbasket.blogspot.com. Uncover insights into XM's offerings, performance, and user experience. From key features to potential drawbacks, this review provides a comprehensive overview to aid informed decision-making.

Regulation: ASIC, CySEC, IFSC

Establishment: 2009

Spread: 0.6 pips (EURUSD)

Bonus: Yes

Leverage: 1: 888

Country: Cyprus, Belize, Australia

Platform: MT4, MT5, Webtrader

Address: No.5 Cork Street, Belize City, Belize, C.A.

Min.Deposit: 5 $

 Click here to open an account and start forex trading immediately.

XM Forex- Review

XM Forex (Xm Group) was established in 2009 and is a large global forex company with more than 3,500,000 customers, currently offering transactions in 196 countries. It provides more than 30 language support to its investors with 5/24 customer support.

It is one of the leading forex brokers in the market with 8 awards in many categories such as "Best FX Broker", "Most Transparent Broker" and "Most Reliable Broker" in 2020.

 There are 3 different licenses owned by Xm Group. Trading Point of Financial Instruments Ltd. in Cyprus. Company is registered under CYSEC (Cyprus Securities and Exchange Commission) with license number 120/10. 

Trading Point of Financial Instruments Pty Ltd., the second license of which is in Australia. It is a license under ASIC (Australian Securities and Investments Commission) owned by the company with the number 443670. 

The third and last license is IFSC (International Financial Services Commission) owned by XM Global Limited in Belize with the number 000261/106.

XM Account Types

Xm offers 3 different account types to forex traders. These are; 'Micro account, Standard Account and XM Ultra Low Account'.

 

• Micro Account: By depositing min.5 USD in a micro account, an account can be opened and transactions can be opened in 1:888 leverage ratio. In a micro account, the contract size is 1 lot: 1000 units. In other words, orders can be placed with a much smaller transaction volume than other accounts.

 

• Standart Account: With the standard account, you can start the transaction by depositing min.5 USD and perform 888 fold transactions. In the standard account, the contract size is 1 lot: 100,000 units.

 

• Ultra Low Account: In the Xm Ultra Low account, an account can be opened with a minimum of 50 USD and 888 times of transactions can be made. Contract size is again 100,000 units.

 

Account Type	Min.Deposit	Max.Leverage  (5-20,000 usd)	Spread  (EURUSD)	Spread (GOLD)
MİCRO	$5,00	888	1	3.0 pips
STANDARD	$5,00	888	1	3.0 pips
ULTRA LOW	$50,00	888	0,6	2.0 pips

XM Spread Rates

 

While the average EURUSD spread rate in Micro and standard account is 1 pips, in Ultra Low account the EURUSD spread rate can go down to 0.6 pips.

 

Account Type	EURUSD	USDTRY	ALTIN
Micro	1.0 pips	60.0 pips	3.0 pips
Standard	1.0 pips	60.0 pips	3.0 pips
Ultra Low	0,6 pips	43.1 pips	2.0 pips

 

XM Leverage Ratio

 The minimum investment amount for trading on XM Forex is $ 5 and the leverage ratio is 1: 888. In this way, with the minimum amount deposited in the account, it is possible to make a high amount of transactions such as 888 times. In all platforms MT4, MT5 and WebTrader, service is provided with minimum spread and maximum leverage rates.

 

XM Trading Platforms

You can trade at any time in the market, which is open 24 hours a day, 5 days a week.

Xm Forex offers its users 3 platforms: MT4 (Meta Trader4), MT5 (Meta Trader 5) and WebTrader.

You can start using MT4 and MT5 platforms by installing them on your PC, MAC, iPhone / Android phone or tablet.

Thanks to Webtrader, you can perform online transactions on the website without the need to install any application.

 

XM Forex Campaign and Bonuses

 

1. Xm forex offers new customers a 30 $ trading bonus campaign. You do not need to deposit a separate deposit for this bonus given by opening a new account. The bonus amount cannot be withdrawn, but the profits you make by trading can be withdrawn.
2. It offers the opportunity to qualify for a 50% bonus for deposits up to $ 500 and a 20% bonus for deposits up to $ 4500. 
3. It offers zero commission for deposit and withdrawal transactions. Deposits and withdrawals with Neteller, Moneybookers and all major credit cards (VISA, VISA Electron, MasterCard, Maestro and China UnionPay) are processed without commission. Again, if the amount withdrawn in international bank transfer (SWIFT, wire transfer) withdrawals is $ 200 or more, transactions can be made with zero commission. 
4. Bring Your Friend Bonus-XM forex offers a bonus service up to $ 25 per lot in this reference customer referrals.

 

XM Forex Deposits and Withdrawals

 You can deposit and withdraw funds to your XM forex real account using Neteller, Moneybookers and all major credit cards (VISA, VISA Electron, MasterCard, Maestro and China UnionPay) without paying any commission. In addition, you can withdraw money from your account by international bank transfer (SWIFT, wire transfer) method and you do not pay any commission if the amount you withdraw is $ 200 or more.

 

XM Customer Support

 XM offers customer support in nearly 30 languages ​​to forex customers. However, customers who want to communicate can get support with the help of google translate by writing either from their e-mail address or via live chat.

 

Online Support	Phone	Adress
support@xm.com	501 223-6696	No.5 Cork Street, Belize City, Belize, C.A.

Is XM Reliable?

 The most important feature that determines reliability among Forex brokers is whether or not they are audited by audit firms. XM Forex has licenses in 3 different countries (CYSEC, ASIC and IFSC) and is audited by these institutions. 

Another security feature is the transparent and fast transaction platform, customer support in nearly 30 languages, providing the best support service by publishing daily analysis and reports. 

Likewise, fast deposit and withdrawal is an important criterion. If you want to withdraw money with Neteller, Moneybookers and all major credit cards, you can make a transaction within 2 days, or instantly if you request a bank transfer.

XM Forex Account Opening Transactions

 It is possible to open an account quickly on Xm Forex's website. When you click the Open an Account title, you are asked to fill in the registration information first. Once you have filled in your identity and contact information correctly, you are going to the approval stage by uploading an invoice (electricity, water, natural gas, telephone) belonging to your name that is identical to your identity document and address. The relevant registration transactions are checked and approved by the company within a few hours, and you can start trading immediately by depositing money.

 

Summary

 XM forex offers its investors a safe and effective forex service with bonuses and campaigns, free deposit and withdrawal, the opportunity to invest in more than 1000 instruments and a fast trading platform.

• Security- Audited by 3 reputable regulators such as ASIC, CySEC and IFSC.

• Platform- It has the most used trading platforms in the world. Webtrader that provides online access to MT4, MT5 and trading platform without installing applications.

• Deposits / Withdrawals- Neteller offers commission free deposits and withdrawals using Moneybookers and all major credit cards (VISA, VISA Electron, MasterCard, Maestro and China UnionPay).

• Bonus- It offers its investors a large amount of bonuses and campaigns without any conditions.

PLUS CONS

PLUS	CONS
Attractive Bonuses and Campaigns Low Spread Rates Fast and Free Deposits and Withdrawals Supervision by 3 different Regulators Fast and Transparent Platform	Inactivity Fee (monthly 5 $ commission fee if no action is taken for 3 months

 Click here to open an account and start forex trading immediately.