Recently there have been concerns about the credibility of some online forex brokers. The increase in the number of such companies has made it difficult for users to distinguish between genuine online trading platforms and those that are out to scam people. That is why we took time to review the performance and credibility of one of the largest trading platforms, AvaTrade. There are several things that should be considered while searching for an online forex broker. The following are some of the questions you should ask.
Is the forex broker genuine? Does the company have experience in online trading? What kind of services do they offer? Does it have tools that are simple to use while trading? Those are just some of the few questions that one should address before choosing a forex broker.
AvaTrade was founded in 2006 with an aim of integrating forex business with e-commerce. The company is based in Dublin, Ireland and operates in over 100 countries around the world. When it comes to credibility issues, AvaTrade passes the test considering the fact that its owners are well known to the public. The company also complies with various European financial regulations which make it safe to trade with it.
What Services Does AvaTrade Provide?
Just like any other forex broker, AvaTrade offers a platform where anyone around the world can comfortably trade different types of currencies. However, AvaTrade offers more than others do. The company has simple guidelines that are designed to help both novices and experts in forex to trade easily. Besides, the platform also has simple trading tools which can be used by those venturing into forex trading for the first time.
The other interesting thing about AvaTrade is that it offers a crash forex trading course which equips online traders with requisite knowledge for trading. Forex trading is not as simple as many people think and therefore it requires an understanding of some technical trading skills.
In general, AvaTrade is one of the most trusted trading platforms around the world. It is present in over a hundred countries. The platform records more than $60 billion transactions in investor trading every month.