In 2006, A Dublin, Ireland based company designed an online program to help beginner investors as well as expert traders learn and navigate through the Forex marketplace. Forex is a very complex market. It is different than NASDAQ or DOW. A few of the main challenges that many people struggle with are constantly keeping track of all the time zones around the world, and staying knowledgeable of many foreign currencies. If you are a talented trader and have done financially well for yourself in US markets, it does not mean you will be a Rockstar in Forex. A good amount of the time the opposite happens. This is where the online program, AvaTrade, comes into play.
What is AvaTrade?
Originally known as AvaFX, AvaTrade is an online platform that acts like a broker for Forex and CFDs. The platform focuses on Exchange Traded Funds (ETFs), equities, bonds, as well as Bitcoin. Since initial startup in 2006, AvaTrade has exploded. They currently oversee over 200,000 accounts globally and perform more than 2 million transactions monthly. It is designed to give its consumers’ confidence while trading with other markets and currencies.
This company is overseen by the Central Bank of Ireland, due to it being an Irish broker. The Spanish CNMV also oversees it. This ensures that you are always working with a very safe and secure broker.
Avatrade is not a bot. Meaning, it will not make trades for you. It is only designed to offer you guidance to make the best-informed decision possible. It will show you the history of any investment and show a live feed of any possible or current investments.
Can Anyone use AvaTrade?
Of course, anyone can use AvaTrade review. If you are brand new to Forex, don’t expect to master this very detailed platform in a few hours. It is a great educational tool for newbies and a great reference tool for experts.