AAATrade – review and feedback about the European trading platform

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AAATrade – broker review with a large selection of trading assets

вњ… This Trading Platform is available in United States

Review of famous financial brokers: AAATrade

Such a method of dealing with competitors as the dissemination of false information about them, unfortunately, is quite popular among participants in the global financial market. Even experienced traders who are well aware that negative comments about the broker can be customized, after reading emotional reviews, begin to doubt whether it is worth registering an account on a trading platform with such a “dubious” reputation? As an example of such a situation, you can take the company AAATrade, which is well-known in foreign financial markets. Using any search engine, the user, without much difficulty, will find negative reviews about this trading platform. At the same time, many of them will be without evidence, sometimes with errors in the name of the service being criticized (most likely, so that the author has the opportunity to justify himself in case of force majeure) or written from an anonymous author.

The above information proves that the reviews on the World Wide Web are only one of the criteria (often inappropriate to the actual situation) that are necessary to compile a complete description of the trading platform. Experienced traders always carry out a detailed analysis of the companies that interest them before choosing the most reliable and promising. What indicators are professionals looking for in the process of solving this problem?

What may interest the user on AAATrade

The company in question was established in 2020 in Cyprus, where its head office is currently located. The administration of the resource has always maintained (and continues to do) close contact with its clients. Thanks to this work, the broker’s web resource meets the needs of its clients and the situation in the global financial market. The creators of the service provided an opportunity to choose strategies developed by the best experts in this industry. The company is of interest not only for traders, but also for ordinary investors who can entrust their financial resources to professionals, without going into all the details of online trading.

Security

To ensure the safety of their clients ’funds, the administration of the trading platform places them in separate accounts in reliable Swiss banks. At any time, a trader can return his money without fear of any “pitfalls”, unforeseen delays, etc.

The site has no hidden fees, and users directly (without intermediaries) work with the markets of financial assets. This not only increases traders’ profits, but also reduces the risk of operations performed.

The application and platforms used for AAATrade (MT4, MT5, Web Trader) are reliable protection against intruders and guaranteed performance of all assigned tasks. Modern software in a complex with a constant monitoring of the work of the web resource ensures the safety of personal information and cash of the client.

Regulators

The most important and convincing evidence of the reliability of a broker is the availability of licenses (permits) from organizations that control its activities.

The work of the company under consideration is regulated by:

в—Џ Cyprus Securities and Exchange Commission (CySEC).

в—Џ UK Financial Services Authority (FCA).

в—Џ German Federal Financial Supervisory Authority (BaFin).

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The organizations represented protect the rights of traders, resolve disputes arising between the broker and his clients, and help them resolve all financial issues if the company for some reason does not pay money. For experienced traders, this information is sufficient to register a login on AAATrade, without fear that the broker will not fulfill their obligations.

Training

On the web resource of the presented company, each user can find the necessary training materials that will help him understand how the financial market functions and what needs to be done to learn how to make money on it.

Created for clients of the Academy broker, seminars, video tutorials are held, it is possible to read e-books and ask questions to representatives of the marketing research department. More experienced traders can also use the services of the training center. For making your own forecasts, the site constantly updates financial news and analytical information from well-known experts.

The demo account created on AAATrade makes it possible to carry out any financial transactions on the company’s website without risking their own savings.

Working conditions on the AAATrade trading platform

The resource user must decide what type of accounts he will use for work (they differ in such indicators as deposit amount, number of services provided, access to information, etc.). For a more detailed study of this issue is best to use the official website of the broker. The AAATrade reviews, which can be found on the Internet, were written at different times, so there may be some differences between them. Always consider this factor.

Trading Terms

в—Џ The minimum deposit amount is $ 500.

в—Џ Currency accounts – British pound, euro, US dollar.

в—Џ Minimum transaction – 0.01 lot.

в—Џ Maximum leverage is 1: 500.

в—Џ Automatic trading – yes.

в—Џ Support service – works.

в—Џ E-mail alert – yes.

в—Џ Signals – yes.

Deposit account and withdrawal of funds

In many reviews compiled about AAATrade, you can find information that this broker is among the leaders in the number of ways to deposit / withdraw funds. For these purposes most often used:

в—Џ Bank plastic cards (Visa \ MasterCard).

в—Џ Wire Transfer.

в—Џ Bank transfer.

The question of choosing a specific method of depositing / withdrawing funds is individual and depends on various factors (country of residence, amount, etc.).

Assets

For carrying out financial operations on the presented trading platform, the administration of the resource suggests using: currency pairs, commodities, precious metals, ETFs, cryptocurrencies, CFDs, stocks, bonds, and other securities.

AAATrade.com Review Visit site

About AAATrade.com

AAATrade is a a forex broker. AAA Trade offers the MT5, Web Trader and CryptoExchanger forex trading top platform. AAATrade.com offers over 80 forex currency pairs, cfds, commodities, shares, indices, gold, silver, bonds, bitcoin and other cryptocurrencies for your personal investment and trading options.

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Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 200:1
Minimum to Open Live: $500
Established: 2020
Address: Address: 205, Arch. Makarios III Ave., Victory House, 1st Floor, 3030, Limassol, Cyprus
Contact: [email protected], +357 2503 0060
Regional offices:
Regulators: CySEC #244/14
Prohibited countries:

Yes

Yes

Yes

Trading platforms: MT5, WebTrader, CryptoExchanger
Web Trading:
Mobile Trading:
ECN:
Currencies: (80+)
Cryptocurrencies: (55+) Bitcoin, Litecoin, Ethereum
CFD: (20+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Other Commodities

Yes

Yes

EAs/Robots:
Scalping:
Deposit Methods: Bank Wire, VISA, MasterCard, Bitcoin, Dash, Dotpay, Ether/Ethereum, FasaPay, Giropay, iDEAL, Litecoin, Maestro, Neteller, Other Crypto Currencies, Qiwi, Skrill, SOFORT, UnionPay
Withdrawal Methods: Bank Wire, VISA, MasterCard, Bitcoin, Dash, Dotpay, Ether/Ethereum, FasaPay, Giropay, iDEAL, Litecoin, Maestro, Neteller, Other Crypto Currencies, Qiwi, Skrill, UnionPay

Live discussion

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Consumer Reviews

Service use: Live

Length of use: 0-3 Months

Service use: Other

Length of use: Have not used

Hello, I have been referring clients for some time to aaatrade.com (From June 2020), the agreement was that I am to receive 500$ for every client that deposits 500$ or more and completes 5 standard lots, I have introduced to them 4 clients the last 4-5 months.
They have decided to increase the minimum deposit for affiliate commission to 1000 and the volume to 10 standard lots, without notice.

They refused to pay me and told me to stop referring clients if I do not like the terms.

Since I have no other voice to the complaint, I just wanted to inform everyone not to conduct business with this broker as they are completely unethical and greedy.

Important to notice, even if the clients made redeposits and lost their money, still, they didn’t have the decency to pay not even 1 commission

AvaTrade: Review

Is AvaTrade a good broker? What are the opinions held by its clients? Is AvaFX a scam or is it a reliable broker for investing? Is it cheap or does it charge high commissions? Does its trading platform allow for easy trading and does it have useful features? Many traders ask themselves these sensible questions, and we will answer them all in order to determine whether or not AvaTrade is a good broker for trading in Forex and CFDs . If you would like to know our opinion, we think that it is one of the best brokerage firms around in 2020 (CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money).

In the article that follows, we will analyze some key factors upon which we have based our review. Among these factors is safety, something which will allow us to dedicate ourselves to trading without being worried about whether the broker we are using is a scam. Later on we will look at other very relevant aspects such as bonuses, the trading platform as well as the opinions made by other traders which we were able to find on internet forums dedicated to CFD trading.

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Is AvaTrade a Scam? Is it Reliable?

All throughout this article we will be looking at those characteristics of AvaFX which have given us such a positive opinion of this broker.

In the first place, let us just say that AvaTrade is neither a scam, nor a fraudulent site, nothing like that. We certainly can’t say for sure, but the fact that this broker is overseen and regulated by some of the main regulatory bodies of the European Union – like the Central Bank of Ireland – and that it is registered with the Spanish CNMV.

On top of this, as we will see shortly, their spreads are highly competitive, and they do not charge any commissions for trading. What’s more, traders have a very favorable opinion of this broker, since the fact that they do not charge any commission saves them a lot of money.

Another of their most appreciated features is the enormous leverage allowed by this broker, which can reach 1:30 (like Plus500). You should be aware that operating with leverage involves high risks, but in our opinion, for traders with experience who know the risks they are taking, this offers them a great opportunity. Thanks to this level of leverage it is possible to invest 30 times the money you have invested. Taking into account that the minimum deposit is only 100 euros/dollars, in reality you will be able to trade with up to 3.000.

Safety, Fees and Comments

We already mentioned this fact, but we are going to expand on it further. AvaTrade is regulated and overseen by the Central Bank of Ireland, since it is an Irish broker. It is also overseen by the Spanish CNMV. You can trade without any concerns when you are dealing with a safe and reliable broker.

There is another aspect which is in AvaTrade’s favor, that is the fact that the broker is Irish. The majority of CFD providers for stock shares, Forex and commodities are from Cyprus. Being from Cyprus is not a bad thing in itself, it belongs to the European Union, which makes it safe and reliable. However, comments by traders seem to agree that being from Ireland places this broker at a higher level of confidence.

Another thing to highlight about AvaTrade is that they do not charge any commissions, and the only costs that traders have are spreads. That is to say, if we are trading CFDs on stock market shares or currency pairs on the Forex market, we will not be charged any money for each trade. However, since the brokers themselves need to earn money, they will impose a small difference in price between what the CFDs can be bought and sold for, the broker will receive the difference. The lower this differential, the better for the client.

Here, there is another element to keep in mind, that is that the spreads are dependent on the trading platform that is used as well as on market conditions. As a general rule though, spreads tend to remain fairly constant over time. For the platform which everybody knows, Meta Trader 4, the minimum spread on the Forex market is 0.3 pips, this is the same as on the broker’s proprietary platform.

There are other things we shouldn’t forget to mention about AvaTrade, like the fact that it allows CFD trading on Bitcoin. Another thing worth mentioning is that is makes available several trading platforms. On top of MetaTrader 4, it has its own proprietary platform – AvaOptions – which allows for OverTheCounter (OTC) trading, with puts and calls. Thanks to AvaOptions we are able to cover our Forex positions in a synergistic way when trading with AvaTrade.

So that it is perfectly clear, we are sure that AvaTrade pays out correctly and without difficulties and that it is a serious company. This is why you will be able to make a withdrawal request whenever you want and be paid in a matter of days.

Physical Presence in Ireland

AvaTrade is one of the few brokers to have a physical office location which can be visited in Ireland. It is certain that trading online only requires opening an account and using a trading platform, but it can not be denied that when choosing a broker, many clients are afraid of being scammed, that is to say of choosing an online broker that has nothing to substantiate it. This is not the case with AvaTrade, that has physical locations in Irlenad, and it is possible to personally acquaint oneself with the people who manage and operate the brokerage in Dublin.

It goes without saying that it is possible to ask for a meeting in person to discuss different investment options and tools. This is why we can claim that in terms of customer service, AvaTrade is one of the best brokers available in the Englishlanguage.

As of 2020, the offices of AvaTrade in Ireland are located in Dublin, but it is possible that in 2020 they will be opening new offices. Moreover, while in the Irish offices formative courses are offered, there is also much free learning material available online.

Open a Demo Account

If you are interested in trading with real money right away, you can skip over to the next point in this article. On the other hand, if you would prefer to start out on a simulator, AvaTrade offers you the option of opening a free demo account with which you can try trading in a virtual currency. In this way, if you don’t know much about trading and want to see how news items can influence the price of different assets (stock shares, commodities, currency pairs, indexes, and ETFs), you can try your hand with the demo account.

Another possible reason for experimenting with a demo account if you don’t have much experience, is that you probably won’t know in advance how the trading platform operates. What’s more, AvaTrade offers its own proprietary platform as well as the one commonly used by traders – Meta Trader 4. For this reason, if you would like to learn how the proprietary platform works so that you don’t commit errors in the future, it is a good idea to gain some experience by trading with the virtual currency.

Creating an Account and Final Rating

To end this review we will summarize some key points about AvaTrade and give it a final rating – you can already see from the image above that our final rating is for 5 stars. The advantages offered by AvaTrade which have influenced our decision to classify it as one of the best brokers of 2020 are as follows:

The regulation to which it is subject is very stringent. It has physical office locations in Ireland. It offers one of the best free demo accounts on the market. It has its own platform as well as the possibility of trading with MetaTrader 4 and both are capable of working on mobile phones. It does not charge any commissions and the spreads are low. For all these reasons, we think AvaTrade deserves a 5 star rating.

If you would like to create an account, follow these few simple steps:

2 nd step: Once on the website, click on the second image:

3 rd step: You need to fill out the screen with your personal information. You will also need to indicate the trading platform and currency of your choice.

4 th step: The final step is making a minimum deposit of 100 euros or dollars in order to start trading.

If you would like to receive more information or open a real money account, you can do so by visiting the official website (CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money).

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