Avatrade forex brokers Australia are regulated by the Australian Securities and Investments Commission. They offer clients a range of features including multilingual customer support and a wide variety of account types. They accept traders from most countries and have regional offices in the main financial centres. AvaTrade has won nine industry awards over the past decade.
AvaTrade does not offer guaranteed stop loss orders, which help protect clients from market gap risk. AvaTrade also claims that it charges no commission for trading, but retail traders are charged higher spreads than professional traders. It’s important to remember that in order to avoid incurring losses, you should be familiar with the financial markets and have prior trading experience.
Avatrade offers single live accounts with a minimum deposit of 100 AUD. The company offers a wide range of trading platforms, including a mobile app. It also has world-class trading tools and excellent education sections. The spreads start at 0.9 pips for EUR/USD and can reach 100 pips. In addition, clients who deposit more than 200 AUD are granted access to a trading platform called Duplitrade.
Withdrawals from AvaTrade are easy and quick. Withdrawals take between one and two business days, depending on the method you use to fund your account. Credit cards and e-wallets are the fastest methods, while wire transfers can take up to 10 business days. If you are planning to withdraw your funds, you should also know that AvaTrade does not charge any fees for currency conversion.
Withdrawal procedures are easy for AvaTrade clients, and you can email their customer support to close the account. AvaTrade also pays a referral bonus of $400 for deposits over $10,000 and $75 for deposits under $250. Apart from its Australian and UK clients, AvaTrade is also available in many other countries and offers a variety of trading platforms and software options.
Avatrade provides daily market updates and a daily blog. It also offers video market commentary. It also has an Economic Calendar, which has a good selection of fundamental data. It also includes sentiment scores for each asset. This is good for traders who want to gauge historical volatility and trends. However, it is important to note that premium content is only available to clients who sign up for the company.