There is no doubt that forex trading is becoming a major investment opportunity for millions of people around the world. But the question is do you have a reliable online forex broker? How much fee do they charge you? These are just some of the things to consider before settling on a forex broker. Most people do not understand that a forex broker plays an important role in determining whether you will succeed or fail in forex trading. This review about one of the largest forex traders in the world, AvaTrade review will help you make an informed decision.
Facts about AvaTrade
The problem with most online forex brokers is that they hide a lot of information about themselves hence casting a lot of doubt on their credibility. However, AvaTrade is one of the most transparent forex brokers in the world. The company was founded in 2006 in Dublin, Ireland and has since expanded its operations to almost every corner of the globe. It has its headquarters in Dublin, Ireland and several other offices in France, Japan, and Australia.
Regulation and credibility
Trading with an online forex broker requires some certain level of trust between traders and the company. However, if a forex broker is not properly licensed and regulated it becomes a little bit tricky to trust it. The good thing about AvaTrade is that it is regulated by major international financial institutions such as the Central Bank of Ireland, ASIC in Australia and two other regulatory bodies in Japan.
Software for trading
One of the most important things to look at in an online forex trading is its trading tools. AvaTrade has some of the most attractive and simple to use software to use. They include the following:-
- Meta Trader 4 – It is one of the most preferred trading tools by most traders in the market.
- AvaTrader – It is software developed and maintained by AvaTrade’s IT team. It is specifically designed to make trading easy for people trading on the AvaTrade platform.
- Mac trading option
- Web trading options with a browser extension
- Mobile version designed for mobile users
In general, AvaTrade offers some of the best trading tools for treading to its customers across the world. It is also one of the most trusted.