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In this video, I share my take on AvaTrade. Here is a run down of what I discuss:
1. AvaTrade has lots of key instruments traders can choose from, far more than most brokers. To me, this is the biggest advantage. If you are a trader who wants to trade a wide variety of CFDs -- government bonds, cryptocurrencies, FX options, single shares, global indices, forex pairs, commodities -- Ava may be a broker you wish to consider.
2. New account bonsues: Ava does offer new account bonuses, which I like to think of as loss insurance/margin bonus: basically, it gives you some free trades. I don't think this is a very important feature, but Ava is more generous with bonuses than most brokers -- so if you are focused purely on price, this may be something to consider.
3. I've used the AvaTrader platform, their custom platform. It is a bit ugly and not extremely intuitive or sleek, but I found it adequate. Ultimately, the technology was decent and the execution was also pretty good. Not remarkable, but I did not find it to be problematic.
4. Ava is a B book broker, as are most brokers who offer a wide variety of instruments. This means they are taking risk and in some instances are not offsetting orders with the larger market; rather they are the counterparty to their customer's trades. I do think this is acceptable if the broker is responsible and well-capitalized, which from my vantage point Ava is, though I do think it is worth noting.
5. Like most brokers, Ava has invested considerably in its own education offering. The company has free educational material on the web, as well as premium education available to its customers. I think its premium education, HushTrade, looks pretty legit, though I doubt it is worth opening an account just for that. Generally speaking -- and as the founder of InformedTrades, I'm biased here -- I think traders are better off finding educational resources that are a bit independent of their broker, as this will help them learn from an organization that is truly focused on education.
6. Ava's customer service is what I found to be the biggest potential concern. To their credit, the customer service was responsive in English, via phone, email, and chat. However, the staff generally was unable to answer any questions I had. This was a bit frustrating, and leaves me a bit concerned if I were to deposit a larger amount. At the very least, I think it is something traders should test out to see if they are comfortable with it.
See additional comments on InformedTrades: http://www.informedtrades.com/514073...rly-avafx.html
Visit AvaTrade here: http://bit.ly/IT-avatrade
View Full Article on InformedTrades
Inserted Video
In this video, I share my take on AvaTrade. Here is a run down of what I discuss:
1. AvaTrade has lots of key instruments traders can choose from, far more than most brokers. To me, this is the biggest advantage. If you are a trader who wants to trade a wide variety of CFDs -- government bonds, cryptocurrencies, FX options, single shares, global indices, forex pairs, commodities -- Ava may be a broker you wish to consider.
2. New account bonsues: Ava does offer new account bonuses, which I like to think of as loss insurance/margin bonus: basically, it gives you some free trades. I don't think this is a very important feature, but Ava is more generous with bonuses than most brokers -- so if you are focused purely on price, this may be something to consider.
3. I've used the AvaTrader platform, their custom platform. It is a bit ugly and not extremely intuitive or sleek, but I found it adequate. Ultimately, the technology was decent and the execution was also pretty good. Not remarkable, but I did not find it to be problematic.
4. Ava is a B book broker, as are most brokers who offer a wide variety of instruments. This means they are taking risk and in some instances are not offsetting orders with the larger market; rather they are the counterparty to their customer's trades. I do think this is acceptable if the broker is responsible and well-capitalized, which from my vantage point Ava is, though I do think it is worth noting.
5. Like most brokers, Ava has invested considerably in its own education offering. The company has free educational material on the web, as well as premium education available to its customers. I think its premium education, HushTrade, looks pretty legit, though I doubt it is worth opening an account just for that. Generally speaking -- and as the founder of InformedTrades, I'm biased here -- I think traders are better off finding educational resources that are a bit independent of their broker, as this will help them learn from an organization that is truly focused on education.
6. Ava's customer service is what I found to be the biggest potential concern. To their credit, the customer service was responsive in English, via phone, email, and chat. However, the staff generally was unable to answer any questions I had. This was a bit frustrating, and leaves me a bit concerned if I were to deposit a larger amount. At the very least, I think it is something traders should test out to see if they are comfortable with it.
See additional comments on InformedTrades: http://www.informedtrades.com/514073...rly-avafx.html
Visit AvaTrade here: http://bit.ly/IT-avatrade