In case you plan on joining AvaTrade and deposit money for trading, you should learn a few basic things about the website first. First of all, it’s important to remember that AvaTrade is based in Dublin. This online broker works in numerous countries and allows trading cryptocurrencies and on Forex. Let’s discuss some other important facts about the company in a brief overview below.
Different account types and costs
Choosing a broker, everyone compares the fees, commissions, the ease of navigation, and other factors. It’s always better to learn about bid/ask spreads before one signs up and gives most of the profit to a broker.
Every AvaTrade review agrees that the broker in question is convenient due to having two main types of accounts. There is a demo account and a real one. The 1st one is free and lets newcomers learn the ropes from the inside. The real account uses real money. One may activate it as soon as he deposits $100 or more. The account also requires certain information like real name, email, etc.
Security and protection
AvaTrade uses 256-bit SSL encryption as well as other measures to protect user’s data and money from being hacked and stolen. The website also uses McAfee Secure as an extra layer of protection. Being licensed in different countries and regions means the company follows regulations and security guidelines, too.