AvaTrade Canada is one of the most popular and trusted online brokers in Canada. The broker has been around for more than 47 years and is a member of Friedberg Direct, a highly regulated organization. Its products and services include MetaTrader 4, MetaTrader 5, AvaOptions, WebTrader, and more.
AvaTrade is licensed by various financial regulatory bodies in different countries, including the Cyprus Securities and Exchange Commission. It is also a member of the Financial Services Agency of Japan and the Australian Securities and Investment Commission. It also offers Negative Balance Protection, a feature that protects investors from losing more money than they invest.
AvaTrade has many deposit options, including credit card, debit card, bank wire transfer, and e-wallet. Its minimum deposit is $100. It also has a customer support phone line that provides help seven days a week. AvaTrade also has an FAQ page and answers to frequently asked questions. It allows traders to trade in over 50 currency pairs, including major, minor, and exotic pairs.
AvaTrade has also worked hard to reduce the amount of spreads for cryptocurrency trades. It recently announced a partnership with Manchester City. Moreover, the company is regulated by various regulatory authorities, including the Central Bank of Ireland, ASIC in Australia, the FFA in Japan, and the FSCA in South Africa.
AvaTrade has a multilingual customer support staff to assist its clients. They are available twenty-four hours a day, seven days a week via email, phone, and live chat. Moreover, their live chat support is reported to have the fastest response time. AvaTrade also offers a blog that updates clients on market events.
AvaTrade’s platform is easy to use, but some traders may find it confusing. It’s a good broker for beginners but larger traders may find better value elsewhere. Besides, it offers multiple deposit methods and withdrawal options. It also features a user-friendly search function and offers daily market analysis research instruments.
AvaTrade doesn’t charge commissions on forex trades. They get compensated through the bid-ask spread (the difference between the highest and lowest price of a currency pair). Spreads are lower than those on ETFs, but the company charges a fee if you don’t use the service for three months. It also charges a late fee for positions that remain open past 22:00 GMT.
If you’re looking for an online brokerage firm in Canada, AvaTrade is worth checking out. The company has a wide variety of trading platforms, which include MetaTrader 4, AvaOptions, and contracts for difference. In addition, it offers a high-quality customer service and is regulated by the ASIC.