Forex IslamicAvaTrade, a firm out of Dublin Ireland, has come a long way. It was founded in 2006 as AvaFX and has only recently rebranded under the name AvaTrade. Today the brokerage offers a wide choice of financial instruments including indices, commodities, currencies and equities.
General Information:
Founded in: 2006
Headquarters: Limassol, Cyprus
Maximum Leverage: 1:500
Minimum Deposit: $100
Platforms: MT4, MetaTrader4, ActForex, Autotrader, Currensee, AVA mobile trader
Languages: English, French, German, Italian, Spanish, Arabic, Portuguese, Russian, Swedish, Turkish, Greek, Chinese, and Japanese
Maximum Leverage: 1:400
Regulation: Central Bank of Ireland, MiFID, ASiC, BV
AvaTrade now offers its traders many of the most popular features available in the market today. They have a choice of 8 different platforms, including the popular MetaTrader 4 trading platform as well as automated trading systems like MirrorTrader , Currensee, Ayondo, and ZuluTrade.
I was pleased to see that in addition to a choice of several different types of account, AvaTrade also offers a demo account. A demo account is important for traders just starting out because it gives them an opportunity to practice their trading without worrying about losing their money. The brokerage allows them to trade in live accounts but with virtual funds.
Features
AvaTrade’s Islamic Forex Account offers the opportunity for trades to remain open over night without interest accruing in line with Sharia laws.
AvaTrade had great customer support with chat available 24/7. They also use email and phone responses and contact can be made in 11 languages.
Promotions and bonuses are top notch and there is a comprehensive list of educational tutorials. Minimum deposits start at $100 and the spreads are low.
All in all AvaTrade is an excellent brokerage with all the features a trader would look for.